CI Financial announced Jan. 23 that it has completed its acquisition of a majority stake in WealthBar Financial Services Inc., an online wealth management and financial planning platform.

"We welcome WealthBar to the CI Financial group and are looking forward to a very productive partnership," said Peter W. Anderson, CI's Chief Executive Officer. "CI's scale and resources will support the continued rapid growth of the WealthBar business, while WealthBar's experience and industry-leading online tools and services will fuel the development of our own comprehensive digital strategy and continued innovation across the CI group of companies."

WealthBar will continue to operate as a stand-alone business under its current leadership. The acquisition was first announced in December.