CI Financial Corp. announced October 20 that is has completed the acquisition of a majority interest in Aligned Capital Partners Inc., a full service investment advisory firm in Burlington, Ontario with more than 200 financial advisors administering approximately $10-billion in assets. The deal was first announced in August.

The move increases CI’s total assets to $204-billion, exceeding $200-billion for the first time in the company’s history. It also expands CI’s presence in the Canadian wealth management market. Its existing wealth businesses include Assante Wealth Management (Canada) Limited, CI Private Council LP, six directly owned registered investment advisor (RIA) firms in the U.S. and three acquisitions made by the affiliated RIAs.

Following the deal, the company said it now has approximately $61-billion in wealth management assets, a 20 per cent increase, and 1,100 advisor teams. Including CI’s United States business, the company’s wealth management assets now total $76-billion.

Aligned Capital will continue to be operated by its existing management team, led by founding partners Christopher Enright, president and managing director and executive vice president and managing director, Michael Greer.