CI Financial Kickstarts 2021 with Acquisition of Chicago-based Segall Bryant & Hamill

Posted on 01/26/2021


CI Financial Corporation (tickers – TSX: CIX; NYSE: CIXX), a diversified global asset and wealth management company, acquired Chicago-based Segall Bryant & Hamill, LLC (SBH). Segall Bryant & Hamill is both a registered investment advisor (RIA) and an institutional asset manager. On a stand-alone basis, SBH’s US$ 6 billion wealth management platform is CI’s largest U.S. acquisition to date by asset size. SBH was founded in 1994.

With US$ 23.1 billion, in assets on its platform at December 31, 2020 and 122 employees, SBH serves a broad array of wealth management, intermediary and institutional clients from offices in Chicago, Denver, Philadelphia, St. Louis and Naples, Florida.

Advisors

Cambridge International Partners served as the exclusive financial advisor to SBH. This transaction is expected to close in the second quarter of 2021, subject to regulatory, stock exchange and other customary closing conditions. Financial terms of this transaction were not disclosed.

CI’s U.S. wealth management businesses consist of Balasa Dinverno Foltz LLC, Bowling Portfolio Management LLC, The Cabana Group, LLC, Congress Wealth Management, LLC, Doyle Wealth Management, LLC, One Capital Management, LLC, The Roosevelt Investment Group, LLC, RGT Wealth Advisors, LLC, Stavis & Cohen Private Wealth, LLC and Surevest LLC.

CI is listed on the Toronto Stock Exchange under CIX and on the New York Stock Exchange under CIXX.

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