Parties
Company
CI Financial Corp.
Company
Ensemble Capital Management
Corient, the U.S. wealth management subsidiary of CI Financial Corp., completed the acquisition of Ensemble Capital Management, LLC, a San Francisco-based registered investment advisor managing approximately $2.4 billion (US$1.8 billion) in assets.
This strategic acquisition enhances Corient's presence in the U.S. wealth management sector, aligning with CI Financial's broader strategy to expand its footprint in the United States.
Deal Type
Merger & AcquisitionIndustry
Banking/FinanceTransaction
Undisclosed/ConfidentialDeal Status
ClosedClosing Date
31 October 2024