CI Financial to Acquire Dowling & Yahnke

INVESTMENT MANAGEMENT DEALS BLOG

May 24, 2021

On May 10, 2021, CI Financial Corp. announced it will acquire Dowling and Yahnke, LLC.

Under the terms of the transaction, CI Financial Corp. (“CI”) will acquire Dowling and Yahnke, LLC (“D&Y”). The transaction is expected to close in the second quarter of 2021, subject to regulatory approval and customary closing conditions. Terms of the deal were not disclosed.

CI (NYSE: CIXX), based in Toronto, is an independent company specializing in global asset management and wealth management advisory services. As of March 31, 2021, CI had approximately $192 billion in assets under management.

D&Y, based in San Diego, is a registered investment advisor specializing in wealth management services for individuals, families, and non-profit organizations.  D&Y has approximately $5.1 billion in assets under management. Raymond James Financial, Inc. acted as financial advisor to D&Y on the transaction.

To read the press release: please click here.