CI Financial-backed Congress Wealth Management buys $2.4B Pinnacle Advisory Group financial-planning.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from financial-planning.com Daily Mail and Mail on Sunday newspapers.
CI Financial’s affiliate Congress Wealth Management s AUM balloons to $5.8 billion.
CI Financial’s sub-acquisitions are helping to supersize the RIA acquirer. The firm s Congress Wealth Management has acquired Pinnacle Advisory Group, according to an announcement.
The acquisition brings $2.4 billion in assets under management to Boston-based Congress, raising its AUM by 70% to $5.8 billion. Parent company CI Financial, based in Canada, now stands at $58 billion in AUM with direct investments in 13 registered investment advisory firms, according to Monday s announcement.
Pinnacle, the former home of industry commentator Michael Kitces, includes branches in Columbia, Md., where it is headquartered, and Miami. Paul Lonergan, president of Congress, said in a statement the six investment professionals and 15 financial planning advisors at Pinnacle are an “impressive group” that will widen the range of investment products and strategies.
Axle load display
IC-1 Plus
Greiner intends to use the AC 300-6 in three major market sectors: the bridge market for setting bridge beams, the mechanical market for setting large HVAC units and the telecommunications industry for working on 180 to 220 ft. cell towers with just the main boom.
Paul Lonergan, owner and president of Empire Crane, said Empire Crane has been working with Greiner for many years now. They re a great team of hardworking and detail oriented individuals. With their experience with the AC 500-8, we know they re going to love running the AC 300-6.
Two years ago, Greiner purchased a new 2019 Demag AC500-8 from Empire Crane. It uses the Superlift often and has done a number of jobs with the luffing jib.
SHARE January 21, 2021
Empire Crane will distribute Tadano cranes in the Northeast.
Tadano has announced that Empire Crane Company, headquartered in Syracuse, New York, has been added as an authorized distributor for Tadano cranes in the northeastern United States.
Since opening in 2002, Empire Crane has been a long-time authorized distributor of Demag and Mantis cranes. Empire Crane decided to expand this partnership following the Tadano Group’s acquisition of Demag Mobile Cranes in August 2019 and is now an authorized distributor of Tadano all-terrain cranes and rough-terrain cranes in New Jersey, New Hampshire, Vermont, Maine, and New York, excluding metro New York and surrounding counties.