The U.S. investment manager combines digital and in-person advice
Firm restructures deal that ran into regulatory snags and Covid-19 effects
The firm has now acquired an interest in four RIAs with total assets of US$6.6 billion
The new “hybrid” platform will offer DIY investing, wealth management and financial planning services
The new division will be named Raymond James Trust (Canada)
The transaction is part of CI’s plan to grow its presence in the U.S. RIA market
Deal values ESG firm at €170 million
Solid Q1 likely to be followed by a lengthy drought for deals
Once Ontario lifts its state of emergency, the firms will have a 60-day negotiation period
The transaction is expected to close in June