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CI moves on to create Eaton Vance Wealth Affiliate

With a history dating back to 1924, the firm provides a wide range of wealth management services including investment management, financial, estate and tax planning as well as family office and trust services to help clients achieve long-term financial security.

On behalf of families, endowments, foundations and other institutions, the Boston-based EVIC team committed US$11.4 billion in assets as of February 28, 2022.

Curt McAlpine, Chief Executive Officer of CI, said in a statement: “With nearly a century of success, Eaton Vance Investment Council has earned its reputation as one of the nation’s leading registered investment advisors and we have been recognized as one of the most successful investors in CI Private Wealth. Proud to welcome him.” , “This is one of our largest US acquisitions by assets to date and aligns us with a growing firm with a rich history, an exceptional team, industry-leading wealth management capabilities and loyal, sophisticated clients.”

“The company’s long experience in asset management and wealth management and the ultra-high-net-worth and high-net-worth customer segments,” McCabe said. “CI will be an exceptional partner, bringing extensive resources that will ensure that we continue to serve our customers at the highest level for generations to come.”

The completion of this and other outstanding deals is expected to increase CI’s US assets to approximately US$133 billion (C$168 billion), bringing the company’s total assets to approximately US$311 billion (C$394 billion).

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