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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.
Parties
Company
CI Financial Corp.
Company
Ensemble Capital Management
Deal Type
Merger & AcquisitionIndustry
Banking/FinanceTransaction
Undisclosed/ConfidentialDeal Status
ClosedClosing Date
31 October 2024