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CI Financial to acquire strategic interest in Congress Wealth Management

May 28, 2020 - SNL Financial
Mergers and Acquisitions

The deal is expected to close early in the third quarter. Terms were not disclosed.

Toronto-based CI Financial Corp. agreed to acquire a strategic interest in Congress Wealth Management LLC.

The deal is expected to close early in the third quarter. Terms were not disclosed.

Congress Wealth Management is a Boston-based registered investment adviser firm with assets under administration of US$2.3 billion.