A multiyear acquisition spree made Toronto-based CI Financial one of the largest acquirers of U.S. registered investment advisory firms. Now, the company is rebranding its U.S. wealth management business, previously called CI Private Wealth, as Corient.
The move comes just months after CI Financial (ticker: TSX: CIX) sold a 20% stake in the unit to a consortium of investors that includes private-equity firm Bain Capital.
“It’s…
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