CIXX - CI Financial to acquire Corient Capital Partners

CI Financial (NYSE:CIXX) announced an agreement wherein it will acquire Corient Capital Partners, Newport Beach-based wealth management firm overseeing $5B on behalf of ultra-high-net-worth individuals and families across U.S. Corient delivers a client-focused, comprehensive wealth management service that aligns precisely with the vision of CI Private Wealth. The addition of California RIA deepens CI's presence in ultra-high-net-worth segment and increases U.S. wealth management assets to $125B. Corient's location in the Los Angeles region, one of the country’s largest and most dynamic economies, is a solid foundation for continued strong growth.

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CI Financial to acquire Corient Capital Partners