Educated. Welcome to the program huge crowds have gathered in the iranian city of kerman for the final funeral procession for general salim ani the top military commander was assassinated in a u. S. Drone strike in iraq on friday hell be laid to rest in his hometown well in response to the killing Irans Parliament has approved a motion designating the u. S. Army and the pentagon as terrorist organizations speaking a short while ago irans foreign minister said the u. S. Miscalculated by targeting solomonic accusing it of making the world insecure. Matter to me dont the iranian nation and Freedom Fighters are mourning this great loss the United States by assassinating a Senior Iranian general started a new chapter that will cause them problems the beginning of the end of americas presence in the region has started they do not respect International Law they are attacking iranian history which is a shared heritage to the whole world as well just hours earlier the u. S. Secretary of defense
Stockpiling, as well. The tenyear did pick up the 287 off just a touch now. The ecb hold rates steady. Our road map this morning, the market, strong gdp claims data putting pressures ahead and sparking more concerns about potential fed tapering. Apple is in the news for reports ooh a deal to china mobile and carl icahn is revising his call for a Share Buyback. Well look at the winners and losers in retail. Wow. First up, though, the tenyear notarizing on better than expected economic data, revised Third Quarter gdp up 3. 6 while weekly jobless claims fell below 300k. This all happened on the 17th anniversary of Alan Greenspans irrational exuberance speech in 1996. How do we know when irrational exuberance has unduly escalated asset values which then become subject to unexpected and prolonged contractions as they have in japan over the past decade. That leads us to a good question, jim. Last night, you all you did was talk about the data getting stronger which takes away the bubble argu
CI Financial snaps up 16th U.S. RIA - $4.7bn Brightworth Tuesday, March 16, 2021
Laxman Pai, Opalesque Asia:
Less than a week after notching its 15th deal in as many months, Canadian investment management firm CI Financial announced the acquisition of an Atlanta-based registered investment advisor (RIA) with $4.7 billion in client assets.
Brightworth marks the third acquisition the Canadian company has made in 2021 and the 16th since entering the U.S. wealth management market in January 2020, pushing CI Financial s U.S. business to $55 billion in assets under management.
Terms of the deal, which is expected to close in the second quarter, were not disclosed. Once the deal closes, CI s global AUM will raise to $216 billion.
CI Financial buying spree continues with Brightworth deal
Acquisition marks 16th for CI since entering the U.S. RIA market in 2020
Getty Images
CI Financial continues its acquisition spree with its agreement to purchase Brightworth, an Atlanta-based registered investment adviser with about $4.7 billion in assets under management.
Terms of the deal, which is expected to close in the second quarter, were not disclosed.
Brightworth will retain all employees and continue to operate as normal, a CI spokeswoman confirmed in an email. In addition to increasing CI s capacity and AUM, the acquisition broadens the firm s presence into Atlanta and Charlotte, N.C.
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