The mergers, acquisitions and deals you may have missed the week of May 10, 2021.
Several deals hit the wire this week.
Canadian serial RIA acquirer CI Financial announced that it entered the San Diego market, adding Dowling & Yahnke, an RIA with $5.6 billion in assets under management, to its portfolio.
An LPL Financial office of supervisory jurisdiction with $3 billion in AUM acquired U.S. Financial Advisors in Braintree, Mass. The firm manages about $750 million in client assets.
Another Canadian firm that’s been building out its U.S. arm, RBC Wealth Management, picked up a firm in Princeton, N.J., that managed $1.6 billion in AUM and consulted over $5 billion in retirement plan assets, endowments and foundations at UBS Wealth Management USA.
Team Penske, Porsche Joining Forces for IMSA, WEC, Le Mans Beginning in 2023
Porsche Penske Motorsport to race LMDh factory cars in IMSA, WEC and at the 24 Hours of Le Mans Porsche Motorsports
Porsche and Team Penske announced today that the two legendary names of racing will run the new class of LMDh cars beginning in 2023.
Porsche is the latest manufacturer to commit to the 2023 LMDh class. Others include Acura, Toyota, Peugeot, Porsche, and Audi.
Porsche Penske Motorsport plans to run factory entries and compete for season championships in the FIA WEC World Endurance Championship and the IMSA WeatherTech SportsCar Championship
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