RIA Acquistions Going Global

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CI Financial taken private for $8.7B!

The financial giant once known for its aggressive US acquisition strategy is now being snapped up by a Middle Eastern sovereign wealth manager.

CI Financial, the Canadian parent company of Corient, has been acquired by Mubadala Capital, the alternative asset management arm of Mubadala Investment Company.

At every wealth management event I have attended the last few years there is constant buzz about RIAs being acquired, what’s the latest multiples and what PE firm is joining the party to acquire RIAs.

As an active investor in wealth technology companies and companies selling in and around the wealth management industry, it’s always interesting when we see more and more consolidation. Positives and negatives about this trend. One thing I am hearing more and more is that many advisors that were acquired a few years ago are now looking to spin back out or buy back their company.

I think one trend we will see in 2025 is more and more spin outs of independent wealth managers who no longer want to be part of the large roll ups.

In the end lots of opportunities for wealthtech companies as there is more and more need for new technology, integration of AI into the workflow and new financial products.

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