On November 24, 2020, CI Financial Corp. announced an agreement to acquire majority ownership of RGT Wealth Advisors, LLC.
Under the terms of the agreement, CI Financial Corp. (“CI”) will acquire a majority ownership of RGT Wealth Advisors, LLC (“RGT”). The deal is expected to close in the fourth quarter. Further terms of the agreement were not disclosed.
CI, based in Canada (TSX: CIX; NYSE: CIXX), is a diversified global asset and wealth management company. As of October 31, 2020, CI had $152 billion in assets under management.
RGT, based in Texas, is a registered investment advisor. As of September 30, 2020, RGT had approximately $4.7 billion in assets.
To read the press release: please click here.