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CI Financial Corp.’s acquisition will double U.S. assets under management to $46B


CI Financial Corp., a Toronto-based asset and wealth management company, has acquired Segall Bryant & Hamill LLC, a Chicago-based registered investment adviser firm and institutional asset manager, Investment News reported. The acquisition, once completed, is expected to double the Canadian firm’s total U.S.-based assets to $46.1 billion. The Canadian wealth management conglomerate established itself as the most prolific acquirer of registered investment advisers in 2020, announcing 13 deals since entering the U.S. market last February. Following the completion of the SBH transaction, CI’s total North American wealth management assets are expected to be about $82 billion and total assets are expected to reach about $205 billion. In addition to the Chicago headquarters, SBH has offices in Denver, Philadelphia, St. Louis and Naples, Fla. 

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