OCM Capital Partners, a subsidiary of CI Financial Corp. of Toronto, will acquire Thousand Oaks Financial Corp., a registered investment adviser in Thousand Oaks, California, that manages $440 million.
Thousand Oaks, which was founded in 1973, operates under the name Professional Planning. It will be integrated into OCM’s One Capital Management advisory business.
The acquisition, terms of which were not disclosed, is expected to close in September.
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Relationships are key to our business but advisors are often slow to engage in specific activities designed to foster them.
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Pro-bitcoin professionals, however, say the cryptocurrency has ushered in change.
“LPL has evolved significantly over the last decade and still wants to scale up,” says one industry executive.
Survey findings from the Nationwide Retirement Institute offers pearls of planning wisdom from 60- to 65-year-olds, as well as insights into concerns.
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