CIXX - CIXX STOCK NEWS

CI Financial Corp. (NYSE:CIXX) has successfully acquired Budros, Ruhlin & Roe, Inc. (BRR), an Ohio-based investment advisor managing US$3.5 billion in assets. This strategic acquisition enhances CI's U.S. wealth management assets to approximately US$82 billion (C$103 billion), solidifying its position as a leading private wealth platform. CI aims to leverage BRR's customized wealth management approach to expand its clientele and services. The acquisition aligns with CI's growth strategy, promoting a focus on high-net-worth clients and foundations.

CI Financial Corp. (NYSE:CIXX) has completed its acquisition of Portola Partners Group LLC, a wealth management firm managing US$5.2 billion in assets. This strategic move enhances CI's ultra-high-net-worth offerings and extends its reach in the wealth management sector. With this acquisition, CI’s total assets under management are expected to reach approximately US$263 billion. The CEO, Kurt MacAlpine, expressed enthusiasm about the synergy and expertise Portola brings to CI Private Wealth.

CI Financial Corp. has announced the establishment of its new U.S. headquarters in Miami, a key strategic move as it continues to expand its wealth management services. Following the acquisition of 21 registered investment advisor firms in the past 19 months, CI's U.S. assets have surged to C$92 billion (US$73 billion). Overall global assets have reached C$320 billion (US$254 billion), significantly up from C$176 billion (US$131 billion) just 18 months prior. This move reflects CI's commitment to becoming a leading player in the U.S. market.

CI Global Asset Management (CI GAM) has announced cash distributions for its ETFs for the period ending September 30, 2021. Payments will be made to unitholders on or before September 29, 2021, with an ex-dividend date of September 22, 2021, for most ETFs. The distribution amounts range from $0.0000 to $0.3901 per unit for various funds such as CI Gold+ Giants Covered Call ETF and CI WisdomTree Canada Quality Dividend Growth Index ETF. Investors can opt for the CI Distribution Reinvestment Plan (DRIP) to automatically reinvest cash distributions in the respective ETFs.

CI Financial Corp. (NYSE: CIXX) has announced its acquisition of Portola Partners Group LLC, a Silicon Valley wealth management firm managing US$5.2 billion in assets. This move expands CI's reach into the San Francisco Bay Area, focusing on ultra-high-net-worth families and technology leaders. The acquisition is expected to enhance CI's private wealth offering, with projected U.S. assets reaching approximately US$82 billion post-transaction. Financial terms were not disclosed, and the deal awaits regulatory approval.

CI Financial Corp (NYSE: CIXX) reported preliminary assets under management of $150.0 billion and total assets of $320.4 billion as of August 31, 2021. The company completed the acquisition of Radnor Financial Advisors, LLC, adding $3.4 billion in wealth management assets. Core assets under management increased by 2.1% month-over-month, while total wealth management assets grew by 4.7% compared to July. CI Financial's U.S. wealth management assets exhibited robust growth of 6.6% year-over-year.

CI Financial Corp. has finalized its acquisition of Radnor Financial Advisors, a registered investment advisor with US$2.6 billion in assets based in Wayne, PA. This strategic acquisition enhances CI's commitment to expanding its U.S. wealth management platform.

CI's U.S. business now comprises 16 RIAs, managing approximately US$75 billion in assets. CI's total global assets are expected to reach around US$254 billion. This acquisition aligns with CI's ongoing growth strategy in the U.S. RIA sector.

Axia Real Assets LP has successfully closed the Axia U.S. Grocery Net Lease Fund I, securing approximately C$50 million in private placements. The Fund focuses on acquiring standalone real estate assets leased to high-quality grocers across the U.S., leveraging up to $135 million for investments. CI Global Asset Management is an anchor investor, holding 10% of the units. According to founding partner Joshua Varghese, net lease real estate offers a resilient cash flow alternative amidst low yields in traditional markets.

CI Global Asset Management announced the launch of two new exchange-traded funds (ETFs) to expand its product lineup over 70 ETFs. The CI U.S. Treasury Inflation-Linked Bond Index ETF (CAD Hedged) aims to replicate the performance of a TIPS index and trades under the symbol CTIP, with a management fee of 0.15%. The CI Emerging Markets Alpha ETF is actively managed and focuses on quality companies in emerging markets, trading under symbols CIEM and CIEM.U. CI GAM has launched 14 new ETFs this year, reflecting its commitment to modernizing asset management.