The Toronto-based global-asset- and wealth-management company will acquire Portola Partners for an undisclosed sum. Menlo Park, Calif-based Portola manages US$5.2 billion of assets for ultra-high-net-worth families. (The Logic)
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The Toronto-based global-asset- and wealth-management company will acquire Portola Partners for an undisclosed sum. Menlo Park, Calif-based Portola manages US$5.2 billion of assets for ultra-high-net-worth families. (The Logic)
Talking point: Many of Portola’s clients include tech founders, executives and venture capitalists. The deal expands CI’s presence in the San Francisco Bay Area, where many of Portola’s clients live, which it called “an important region of technology-driven wealth creation.” After this acquisition and other deals close, CI said its U.S. wealth-management assets will reach about US$82 billion, while global assets will hit US$263 billion.
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