CI Financial to Acquire Corient

INVESTMENT MANAGEMENT DEALS BLOG

March 2, 2022

On February 22, 2022, CI Financial Corp. announced that it will acquire Corient Capital Partners, LLC.

Under the terms of the transaction, CI Financial Corp. (“CI”) will acquire Corient Capital Partners, LLC (“Corient”). The deal, subject to regulatory approvals and customary closing conditions, is expected to close in the second quarter of 2022. Terms of the deal were not disclosed.

CI (NYSE: CIXX) is an independent company, based in Toronto, Canada, engaged in global asset management and wealth management advisory services. As of December 31, 2021, CI had approximately $304 billion in assets under management and advisement.

Corient, based in Newport Beach, California, is a wealth management firm providing services to ultra-high-net-worth individuals and families. Corient has approximately $5 billion in assets under advisement.

To read the press release: please click here.