CI Monetary Completes Acquisition of Four RIA Corporations, Capping a Year of Swift Expansion in U.S. Prosperity Management

TORONTO–(Business WIRE)–CI Monetary Corp. (“CI”) (TSX: CIX NYSE: CIXX), a diversified world-wide asset and prosperity administration organization, right now declared it has completed the acquisition of 4 U.S. registered investment advisor (“RIA”) corporations, boosting its U.S. wealth management assets by somewhere around US$9.4 billion to US$22 billion.*

The formerly declared acquisitions were done on December 31, 2020, and include RGT Wealth Advisors, LLC (“RGT”) of Dallas, The Roosevelt Financial commitment Group, Inc. (now The Roosevelt Financial investment Group, LLC “Roosevelt”) of New York City, Doyle Prosperity Administration, Inc. (now Doyle Wealth Administration, LLC “DWM”) of St. Petersburg, Florida, and Stavis & Cohen Fiscal LLC (now Stavis & Cohen Personal Prosperity, LLC “SC”) of Houston.

CI strategically entered the U.S. prosperity management marketplace early in 2020 and during the yr produced 10 immediate RIA acquisitions and 13 acquisitions in general (including people by CI’s affiliated RIAs), turning into 1 of the industry’s quickest-developing RIA platforms.

“In less than a calendar year, we have built a US$22-billion wealth administration company with functions throughout the United States,” mentioned Kurt MacAlpine, CI Main Executive Officer. “This development has been pushed by CI’s distinctive benefit proposition for RIAs, who enjoy our collaborative tactic, considerable practical experience in wealth organizing and dedication to holistic, customer-centered guidance. Our technique is pushed by our firm belief that the money advisor is much more critical than at any time as clients’ economical lives turn into progressively sophisticated.”

The acquisitions have elevated CI’s combined assets less than administration and prosperity administration belongings to a history total of around C$228 billion (US$175 billion)*.

RGT serves customers throughout Texas and the U.S. and has approximately US$4.7 billion in assets. RGT’s accolades consist of being recognized by Barron’s magazine as just one of America’s Finest RIA Companies in 2019 and 2020. CI has acquired a the vast majority interest in the firm, which is led by Main Govt Officer Mark Griege.

Roosevelt serves significant-net-worthy of families in the larger New York area and has roughly US$2.9 billion in belongings. Roosevelt is led by Co-Chief Govt Officers Adam Sheer and David Sheer.

DWM is a foremost prosperity administration agency in the Tampa Bay place with about US$1.2 billion in property. CI has acquired 100% of DWM, which is led by co-founders Robert Doyle and Jillian Doyle. DWM is also a licensed CPA organization providing tax preparing services to select shoppers.

SC, led by co-founders Deborah Stavis, Main Government Officer, and Eddie Cohen, Main Financial commitment Officer, focuses on wealth preparing solutions for vitality marketplace executives, enterprise proprietors and economically independent females. CI has acquired a the greater part curiosity in the organization with roughly US$590 million in assets.

CI’s RIA acquisitions are aspect of its strategic priorities of globalizing the organization and increasing its wealth administration system. As component of its technique, CI will lengthen the CI Private Wealth manufacturer, which was not long ago released in Canada to represent its large-net-well worth and extremely-significant-net-worthy of advisory corporations, to the United States in the months in advance.

About CI Financial

CI Money Corp. is an impartial corporation giving global asset administration and wealth administration advisory services. CI managed and recommended on about C$216 billion (US$166 billion) in shopper property as at November 30, 2020. CI’s principal asset management corporations are CI World Asset Administration (CI Investments Inc.) and GSFM Pty Ltd., and it operates in Canadian prosperity administration by means of Assante Prosperity Management (Canada) Ltd., CI Private Counsel LP, Aligned Money Associates Inc., CI Immediate Investing (WealthBar Monetary Services Inc.), and CI Investment Products and services Inc.

CI’s U.S. prosperity administration corporations consist of Balasa Dinverno Foltz LLC, Bowling Portfolio Management LLC, The Cabana Group, LLC, Congress Wealth Management, LLC, Doyle Wealth Administration, LLC, 1 Cash Administration, LLC, The Roosevelt Expense Team, LLC, RGT Wealth Advisors, LLC, Stavis & Cohen Non-public Prosperity, LLC and Surevest LLC.

CI is detailed on the Toronto Stock Exchange beneath CIX and on the New York Inventory Trade underneath CIXX. Additional info is obtainable at www.cifinancial.com.

*Based on asset degrees as at November 30, 2020.

Participation in Barron’s Top 100 RIA Firms ranking is by invitation only and limited to corporations that satisfy the least eligibility necessities. As with all Barron’s rankings, the proprietary evaluation method is not disclosed. Some standard assistance on analysis methodology: Participating firms were evaluated and ranked on a vast assortment of quantitative and qualitative data, like: belongings overseen by the business, profits produced by the organization, amount of technological know-how shelling out, quantity of consumers, measurement of team, range across personnel, and placement of a succession plan. The rating is not indicative of the firm’s previous or long run overall performance. Neither RGT nor its executives fork out a charge to Barron’s in exchange for the rating. Barron’s is a registered trademark of Dow Jones & Firm, L.P.

This push launch is made up of ahead-on the lookout statements about predicted upcoming situations, benefits, conditions, general performance or expectations with regard to CI Economic Corp. (“CI”) and its products and solutions and providers, like its organization functions, strategy and fiscal general performance and issue. Forward-wanting statements are normally identified by words and phrases this sort of as “believe”, “expect”, “foresee”, “forecast”, “anticipate”, “intend”, “estimate”, “goal”, “plan” and “project” and identical references to long run periods, or conditional verbs this sort of as “will”, “may”, “should”, “could” or “would”. These statements are not historical info but rather stand for management beliefs concerning long term situations, numerous of which by their mother nature are inherently uncertain and over and above management’s management. Although management believes that the expectations reflected in these kinds of ahead-wanting statements are primarily based on realistic assumptions, these statements require dangers and uncertainties. The content things and assumptions utilized in reaching the conclusions contained in these forward-hunting statements consist of that the expense fund industry will stay stable and that desire premiums will remain somewhat steady. Things that could lead to precise results to differ materially from anticipations contain, among the other items, general economic and market place ailments, together with interest and international exchange prices, international financial markets, changes in govt laws or in tax legal guidelines, business levels of competition, technological developments and other components explained or discussed in CI’s disclosure materials filed with relevant securities regulatory authorities from time to time. The foregoing list is not exhaustive and the reader is cautioned to take into account these and other variables thoroughly and not to put undue reliance on forward-wanting statements. Other than as specifically expected by applicable regulation, CI undertakes no obligation to update or alter any forward-seeking assertion immediately after the date on which it is made, no matter if to reflect new info, foreseeable future gatherings or normally.

CI World-wide Asset Administration is a registered business enterprise title of CI Investments Inc.