Canada-based CI Financial, a diversified global asset and wealth management company, has established its US headquarters in Miami, Florida. Located in the city’s Brickell district, the office will focus on the development of CI Private Wealth, the brand name of the company’s US platform.
The opening follows a period of rapid growth for CI Financial in the US. Since launching a new corporate strategy in late 2019, the company has acquired or agreed to acquire 21 registered investment advisor companies, including affiliate acquisitions.
As of August 2021, CI Financial’s US assets have reached $73bn. The company’s total assets globally have grown to $254bn, up from $131bn in early 2020, making CI Financial one of the fastest-growing asset and wealth management firms worldwide.
In a press release, chief executive officer Kurt MacAlpine said: “Miami is an incredible place to establish our US headquarters and support our fast-growing US business. 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.”