CI Financial Corp. says it has signed a deal to acquire U.S. investment adviser Bowling Portfolio Management LLC.
The firm based in Cincinnati, Ohio, has US$450-million in assets under management.
Financial terms of the transaction were not disclosed.
Bowling provides financial planning and investment management services to high-net-worth clients.
CI has been expanding its operations in the U.S. this year in a series of acquisitions.
It says when all pending transactions close, it will hold interests in wealth management firms across the U.S. with combined assets of approximately US$11.5-billion.
Be smart with your money. Get the latest investing insights delivered right to your inbox three times a week, with the Globe Investor newsletter. Sign up today.