On June 28, 2021, CI Financial announced it has agreed to buy RIA Radnor Financial Advisors
Under the terms of the transaction, CI Financial Corp. (“CI”), will acquire Radnor Financial Advisors (“Radnor”). The transaction, subject to customary closing conditions and regulatory approval, is expected to close in the third quarter of 2021. Further terms of the deal were not disclosed.
CI (NYSE: CIXX) is an independent company, based in Canada, engaged in global asset management and wealth management advisory services. As of May 31, 2021, CI managed approximately $239 billion in client assets.
Radnor, based in Wayne, Pennsylvania, is an independent registered investment advisor specializing in investment management, accounting services, strategic tax planning, and comprehensive financial planning. As of May 31, 2021, Radnor managed approximately $2.6 billion in client assets.
To read the press release: please click here.