“With one of Canada’s leading family offices, CI can now serve the full spectrum of wealth management, from investors to the wealthiest families in the country.”
Northwood President and CEO Tom McCullough believes the acquisition is an “extraordinary strategic and cultural fit” that will enable the firm to move into the next phase of its growth and development.
Read more: Tom McCullough on the Most Common Questions Wealthy Families Ask
He added: “We take a comprehensive, integrated and purposeful approach to meeting the needs of our clients, an approach that is shared and valued by CI and its wealth management teams in both Canada and the US, with the support of CI. Together, we look forward to enhancing the services we provide to our customers by leveraging the tremendous growth opportunities available in the family office segment.”
Northwood is a founding member of the Wigmore Association, a group of major family offices around the world. Meanwhile, McCullough is the co-author of two books: family wealth management, And The Wealth of Wisdom: Top 50 Questions Wealthy Families Ask, and is also an adjunct professor in the MBA program at the Rotman School of Management at the University of Toronto, where he teaches “Management of Private Wealth”.