CI Financial Acquires Stake in Surevest Wealth Management

December 6, 2019

On November 26, 2019, CI Financial Corp. announced that it had acquired a majority stake in Surevest Wealth Management.

Under the terms of the agreement, CI Financial Corp. (“CI Financial”) acquired a majority stake in Surevest Wealth Management (“Surevest”). Terms of the transaction were not disclosed.

CI Financial (TSX: CIX), based in Canada, is an asset and wealth management company. As of October 31, 2019, CI Financial held approximately CAD$178 billion in fee-earning assets and its wealth management businesses had approximately CAD$48 billion in assets under advisement.

Surevest, based in Arizona, is a registered investment advisory firm that offers a variety of fee-only financial planning and investment management services to high-net-worth individuals.

To read the press release: please click here.


Investment Manager M&A, Transactions