January 2021

Page A25 JANUARY 2021 FUNERAL HOME & CEMETERY NEWS Se c t i on A www.GBURNSLLC.com Funeral Vehicle  Accessories Landau Bars, Vehicle Nameplates, Bier Pins, & More Order online and use code  NOMIS10  to save 10%* * Offer expires 3/31/2021 . Cannot be combined with other coupons or offers. Valid for online purchases only. Not valid on prior purchase. Not redeemable for cash. Roosevelt Investment Group joins CI Financial Corporation NEW YORK,NY— The Roos- evelt Investment Group, Inc (Roo- sevelt), a boutique wealth advisory firm with over 30 years of experi- ence working with cemeteries, fu- neral homes, and their owners, has announced an agreement un- der which CI Financial Corp. (CI) (TSX: CIX) will acquire 100 per- cent of the firm. Based in Toron- to, CI is one of the largest indepen- dently owned firms offering global asset management and wealth man- agement advisory services in Cana- da. Roosevelt will join CI as a part- ner firm within its expanding wealth and asset management business. The strategic combination will bring significant value to Roosevelt’s business by providing the firm with enhanced technology and expand- ed resources to stay ahead of and of- fer solutions to meet the ever-evolv- ing needs of its clients. Roosevelt will continue to run as an indepen- dent firm on a stand-alone basis with Adam Sheer remaining as the firm’s Chief Executive Officer. In addition, the company’s investment team, in- vestment philosophy, and process will remain unchanged. The partner- ship will allow Roosevelt to continue to offer its clients the deeply personal service, objective advice and the stra- tegic investments clients have come to expect from the firm. CI is uniquely positioned to com- plement and expand on Roosevelt’s strengths. The firm is a highly regard- ed financial services company that has been setting the standard for in- vestment excellence for more than 50 years and shares Roosevelt’s commit- ment to providing individuals and institutions with the highest-quali- ty investments and advice. The firm is listed on the Toronto Stock Ex- change and the New York Stock Ex- change and, as of October 20, 2020, held approximately US$155 billion in total assets. “CI’s expertise in asset and wealth management puts them in a unique position to understand our firm’s DNA and how we differentiate our- selves,” said Adam Sheer. “In addi- tion, CI’s support of our commitment to the funeral service and cemetery profession makes them an ideal part- ner for our firm and our clients.” The acquisition of Roosevelt, head- quartered in Midtown Manhattan, expands CI’s reach to New York, the largest financial market in the world. This acquisition marks CI’s 12th reg- istered investment advisor (“R IA”) transaction since February 2020 and continues its rapid expansion in the United States wealth management industry. Once completed, the addi- tion of Roosevelt, with US$2.7 bil- lion in assets, and other pending ac- quisitions, will boost CI’s United States wealth assets to approximately US$16.5 billion. “We are excited to enter the New York market and thrilled to partner with Roosevelt, a firm whose deep roots in the region trace back to the family of President Theodore Roo- sevelt,” said Kurt MacAlpine, CI Chief Executive Officer. “Roosevelt has an extensive legacy of serving some of the most prominent families and individuals in New York – and beyond – and we are excited to pro- vide them with the resources needed to continue to grow.” CI’s move into the United States RIA sector reflects its strategic pri- orities of globalizing the firm and expanding its wealth management platform. Following the close of all pending transactions, CI’s North American wealth management busi- ness will have approximately $83 bil- lion (US$63 billion) in assets, an all- time high. CI’s total asset and wealth management assets will reach a re- cord $209 billion (US$157 billion). (Totals based on asset levels as of Oc- tober 31, 2020.) Roosevelt offers investment strate- gies with a focus on maximizing in- come and an emphasis on downside protection. In addition to manag- ing perpetual care and preneed trust assets, Roosevelt’s experienced team provides cemetery and funeral home owners with financial, estate, retire- ment, succession, and exit planning services. For more information, visit www.rooseveltinvestments.com. To Place Your Classified Ad FUNERAL HOME & CEMETERY NEWS Call 1-800-321-7479 or visit our website at www.nomispublications.com ADS Classified Online