Deal for Segall Bryant & Hamill will double the size of CI's U.S. business
Couple founded robo-advisor WealthBar in 2014
The deal for the Dallas-based RIA with US$4.7B in assets is CI's biggest in the U.S. so far
Total wealth management assets reached a record level in the quarter
Latest RIA acquisition adds US$2.7 billion in assets to CI’s wealth management business
CEO Kurt MacAlpine says the move will enhance collaboration across CI’s investment organization
CEO says listing common shares on the NYSE “makes sense,” given CI’s rapid growth in the U.S.
Cincinnati-based RIA has US$450 million in AUM
Redemptions were down in a quarter that saw CI acquire ownership stakes in two U.S. RIAs
Firm has $10 billion in assets, over 200 advisors