CI Financial Establishes US Headquarters in Miami

CI Financial Establishes US Headquarters in Miami

“We are thrilled to welcome CI Financial to Florida,” said Governor Ron DeSantis. “Their move is the latest example of our welcoming business climate at work – something we continue to see from Miami to Pensacola. We appreciate CI Financial’s commitment to our state and wish them all the success.” Story continues “CI Financial is the largest financial institution to ever place a headquarters in South Florida,” said Miami Mayor Francis Suarez. “The significance of this cannot be overstated and moves us further towards our goal to become the ’capital of capital.’ We thank Kurt MacAlpine, the board of directors, their executive team, and our own Venture Miami team for supporting their move to the City of Miami.”

“Miami is an incredible place to establish our U.S. headquarters and support our fast-growing U.S. business,” said Kurt MacAlpine, Chief Executive Officer of CI Financial. “It serves as the next logical step for our expansion plans as we work to build the leading high-net-worth wealth management platform in the country. In addition, Miami is a vibrant, multicultural city that offers a deep talent pool, an attractive location for recruiting and a very business-friendly environment.” Establishing the Miami headquarters serves as a natural evolution of CI’s expansion in the U.S. This office will oversee the continued development of CI Private Wealth, the brand name for CI’s U.S. platform.

The office, located in the city’s Brickell district, will be home to CI’s U.S. operations and the primary location for its U.S. leadership team. CI’s executive officers will divide their time between the Miami and Toronto offices. CI expects to expand its presence in Miami over time as the firm continues to execute against its U.S. corporate strategy. The addition of a headquarters in Florida follows CI’s rapid wealth management expansion in the U.S., with the company acquiring or agreeing to acquire 21 registered investment advisor firms (including affiliate acquisitions) in 19 months since rolling out a new corporate strategy. During this period, CI’s U.S. assets have reached C$92 billion (US$73 billion). CI’s total assets globally have grown to C$320 billion (US$254 billion), up from C$176 billion (US$131 billion) only 18 months ago – making CI one of the fastest-growing asset and wealth management companies globally. (Asset levels as at August 31, 2021.)

CI’s U.S. wealth management businesses consist of Barrett Asset Management, LLC, BDF LLC, Bowling Portfolio Management LLC, Brightworth, LLC, The Cabana Group, LLC, Congress Wealth Management, LLC, Dowling & Yahnke, LLC, Doyle Wealth Management, LLC, One Capital Management, LLC, Radnor Financial Advisors, LLC, The Roosevelt Investment Group, LLC, RGT Wealth Advisors, LLC, Segall, Bryant & Hamill, 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. Further information is available at www.cifinancial.com. CI Financial Corp. is an independent company offering global asset management and wealth management advisory services. CI managed and advised on approximately C$320.4 billion (US$253.9 billion) in client assets as at August 31, 2021. CI’s primary asset management businesses are CI Global Asset Management (CI Investments Inc.) and GSFM Pty Ltd., and it operates in Canadian wealth management through CI Assante Wealth Management (Assante Wealth Management (Canada) Ltd.), CI Private Counsel LP, Aligned Capital Partners Inc., CI Direct Investing (WealthBar Financial Services Inc.), and CI Investment Services Inc.

About CI Financial “We are thrilled to welcome one of Canada’s largest asset and wealth management firms to Miami-Dade County. This move is a testament to the ongoing efforts of The Miami-Dade Beacon Council and our thriving community that continues to attract a growing number of global firms in finance, tech and more,” said Miami-Dade Mayor Levine Cava.

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