CI Financial Enters Pennsylvania with Acquisition of US$2.6-billion Radnor Financial Advisors
Summary
Radnor, based in Wayne, Pa., brings approximately US$2.6 billion to CI’s fast-growing U.S. registered investment advisor (“RIA”) platform, which now has a national presence with offices across the country. We look forward to helping them expand their services and continue to deliver for their incredible client base.” From its founding in 1989, Radnor has primarily catered to high-net-worth individuals and families and established a niche in serving senior corporate executives. “We continue to deepen our working relationship with CI Financial, which has become a dominant player as a majority acquirer,” said Karl Heckenberg, Chief Executive Officer of Emigrant Partners. Forward-looking statements are typically identified by words such as “believe”, “expect”, “foresee”, “forecast”, “anticipate”, “intend”, “estimate”, “goal”, “plan” and “project” and similar references to future periods, or conditional verbs such as “will”, “may”, “should”, “could” or “would”. Factors that could cause actual results to differ materially from expectations include, among other things, general economic and market conditions, including interest and foreign exchange rates, global financial markets, changes in government regulations or in tax laws, industry competition, technological developments and other factors described or discussed in CI’s disclosure materials filed with applicable securities regulatory authorities from time to time.