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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A great man died recently, but this did not make headlines. In fact, it barely even made the news. Maybe it’s because many have already mourned the departure of his greatest legacy: the 60/40 portfolio.
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