Toronto-based CI Financial Corp., a global asset and wealth management company, will acquire Segall Bryant & Hamill (SBH), a high-net-worth-focused registered investment adviser and multi-office institutional investment management firm headquartered in Chicago.
With $23.1 billion in assets on its platform 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, Fla.
SBH’s $6.0 billion wealth management platform is CI’s largest U.S. acquisition to date by asset size. It marks CI’s 14th U.S. acquisition since January 2020. Following the completion of the SBH transaction, CI’s total North American wealth management assets are expected to be approximately $82 billion.
