TORONTO – (BUSINESS WIRE) – Nov 18, 2020 –
CI Financial Corp. (CI) (TSX: CIX) (NYSE: CIXX) announced today that it has completed the acquisition of Bowling Portfolio Management LLC (Bowling) of Cincinnati. CI also celebrated its cross-listing on the New York Stock Exchange (NYSE) yesterday, as US stocks began trading on the NYSE under the ticker symbol CIXX.
This press release contains multimedia. See the full version here: https://www.businesswire.com/news/home/20201118006031/en/
Kurt MacAlpine, CEO of CI Financial, celebrates the listing of the company’s common shares on the New York Stock Exchange. (Photo: NYSE)
U.S. Listing and Completed Bowling Acquisition Highlight CI’s Growing Focus on Growth in the U.S. The Bowling Acquisition, which was previously announced on September 21, 2020, represents CI’s ninth Registered Investment Advisor (RIA) transaction completed this year.
Completing the Bowling acquisition and celebrating our cross-listing on the New York Stock Exchange on the same day is a truly exciting time for our company and our partners, said Kurt MacAlpine, CEO of CI Financial. As we expand our wealth management presence in North America by acquiring leading and well-managed companies such as Bowling, we will now also be able to offer US dollar denominated stocks when future acquisitions.
As one of the fastest growing RIA platforms in the United States, CI has completed six direct acquisitions as well as three sub-acquisitions through its CI affiliates since February. In addition to Bowling, CI now owns interests in:
CI also recently announced a acquisition agreement for The Roosevelt Investment Group, Inc. from New York, a full acquisition of Doyle Wealth Management, Inc. from Tampa, Florida; and one majority stake in Stavis & Cohen Financial, LLC from Houston. These transactions are expected to close before year end, subject to customary closing conditions, including regulatory approval.
The listing of CI Financials shares on the New York Stock Exchange and the finalized acquisition of Bowling support two of CI’s core mandates that globalize the company and expand its wealth management platform.
After all outstanding transactions are closed, the North American wealth management businesses of credit institutions will have assets of approximately $ 83 billion (US $ 63 billion). The total assets of credit institutions will reach a record 209 billion dollars (157 billion US dollars). (Projections are based on asset levels as of October 31, 2020.)
About CI Financial
CI Financial Corp. is an independent company providing global asset management and wealth management advisory services. The company had total assets of C $ 202 billion as at October 31, 2020. CI’s primary asset management businesses are CI Global Asset Management and GSFM Pty Ltd., and it operates in wealth management through d’Assante Wealth Management (Canada) Ltd., CI Private Counsel LP, Aligned Capital Partners Inc., CI Direct Investing (WealthBar Financial Services Inc.), CI Investment Services Inc., Balasa Dinverno Foltz LLC, Bowling Portfolio Management LLC, The Cabana Group, LLC, Congress Wealth Management, One Capital Management, LLC and Surevest LLC. CI trades on the Toronto Stock Exchange under the symbol CIX and on the New York Stock Exchange under CIXX. More information is available at www.cifinancial.com.
All financial amounts in Canadian dollars, unless otherwise indicated.
CI Global Asset Management is a registered business name of CI Investments Inc.
This press release contains forward-looking statements regarding anticipated future events, results, circumstances, performance or expectations relating to CI Financial Corp. (CI) and its products and services, including its business activities, strategy and financial performance and condition. Forward-looking statements are generally identified by words such as believe, expect, foresee, foresee, anticipate, intend, estimate, aim, plan and project and similar references to future periods, or conditional verbs such as will, may, should, could or have. These statements are not historical facts, but rather represent the beliefs of management regarding future events, many of which, by their nature, are inherently uncertain and beyond management’s control. Although management believes that the expectations reflected in these forward-looking statements are based on reasonable assumptions, these statements involve risks and uncertainties. Important factors and assumptions applied in reaching the conclusions contained in these forward-looking statements include that the investment fund industry will remain stable and that interest rates will remain relatively stable. Factors that could cause actual results to differ materially from expectations include, but are not limited to, general economic and market conditions, including interest and exchange rates, global financial markets, changes in government regulations or tax laws, industry competition, technological developments and the like factors described or discussed in the CI disclosure documents filed from time to time with the relevant securities authorities. The foregoing list is not exhaustive and the reader is urged to carefully consider these and other factors and not to place undue reliance on forward-looking statements. Except as specifically required by applicable law, CI assumes no obligation to update or modify any forward-looking statement after the date on which it is made, whether to reflect new information, future events or otherwise.
View source version on businesswire.com:https://www.businesswire.com/news/home/20201118006031/en/
CONTACT: Investor relations
Jason Weyeneth, CFA
Vice-President, Investor Relations and Strategy
[email protected] Media Relations
Gregory FCA for CI Financial
[email protected] Canada
Vice President, Communications
KEYWORD: OHIO UNITED STATES NORTH AMERICA CANADA
INDUSTRY KEYWORD: FINANCING OF PROFESSIONAL BANKING SERVICES
SOURCE: CI Financial Corp.
Copyright Business Wire 2020.
PUB: 11/18/2020 3:14 PM / DISC: 11/18/2020 3:14 PM
Copyright Business Wire 2020.
What Are The Main Benefits Of Comparing Car Insurance Quotes Online
LOS ANGELES, CA / ACCESSWIRE / June 24, 2020, / Compare-autoinsurance.Org has launched a new blog post that presents the main benefits of comparing multiple car insurance quotes. For more info and free online quotes, please visit https://compare-autoinsurance.Org/the-advantages-of-comparing-prices-with-car-insurance-quotes-online/ The modern society has numerous technological advantages. One important advantage is the speed at which information is sent and received. With the help of the internet, the shopping habits of many persons have drastically changed. The car insurance industry hasn't remained untouched by these changes. On the internet, drivers can compare insurance prices and find out which sellers have the best offers. View photos The advantages of comparing online car insurance quotes are the following: Online quotes can be obtained from anywhere and at any time. Unlike physical insurance agencies, websites don't have a specific schedule and they are available at any time. Drivers that have busy working schedules, can compare quotes from anywhere and at any time, even at midnight. Multiple choices. Almost all insurance providers, no matter if they are well-known brands or just local insurers, have an online presence. Online quotes will allow policyholders the chance to discover multiple insurance companies and check their prices. Drivers are no longer required to get quotes from just a few known insurance companies. Also, local and regional insurers can provide lower insurance rates for the same services. Accurate insurance estimates. Online quotes can only be accurate if the customers provide accurate and real info about their car models and driving history. Lying about past driving incidents can make the price estimates to be lower, but when dealing with an insurance company lying to them is useless. Usually, insurance companies will do research about a potential customer before granting him coverage. Online quotes can be sorted easily. Although drivers are recommended to not choose a policy just based on its price, drivers can easily sort quotes by insurance price. Using brokerage websites will allow drivers to get quotes from multiple insurers, thus making the comparison faster and easier. For additional info, money-saving tips, and free car insurance quotes, visit https://compare-autoinsurance.Org/ Compare-autoinsurance.Org is an online provider of life, home, health, and auto insurance quotes. This website is unique because it does not simply stick to one kind of insurance provider, but brings the clients the best deals from many different online insurance carriers. In this way, clients have access to offers from multiple carriers all in one place: this website. On this site, customers have access to quotes for insurance plans from various agencies, such as local or nationwide agencies, brand names insurance companies, etc. "Online quotes can easily help drivers obtain better car insurance deals. All they have to do is to complete an online form with accurate and real info, then compare prices", said Russell Rabichev, Marketing Director of Internet Marketing Company. CONTACT: Company Name: Internet Marketing CompanyPerson for contact Name: Gurgu CPhone Number: (818) 359-3898Email: [email protected]: https://compare-autoinsurance.Org/ SOURCE: Compare-autoinsurance.Org View source version on accesswire.Com:https://www.Accesswire.Com/595055/What-Are-The-Main-Benefits-Of-Comparing-Car-Insurance-Quotes-Online View photos
to request, modification Contact us at Here or [email protected]