CI Private Wealth Acquires Matrix

INVESTMENT MANAGEMENT DEALS BLOG

December 13, 2021

On December 1, 2021, CI Private Wealth announced that it acquired Matrix Capital Advisors, LLC.

Under the terms of the transaction, CI Private Wealth, a division of CI Financial Corp. (“CI”), acquired Matrix Capital Advisors, LLC (“Matrix”). 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 October 31, 2021, CI had approximately $283.4 billion in assets under management and advisement.

Matrix, based in Chicago, is a registered investment adviser serving high net-worth individuals and families. As of October 31, 2021, Matrix had $615 million in assets under management. Cambridge International Partners LLC advised Matrix on the deal.

To read the press release: please click here.