BPI acquisition expected to boost C.I

Article Abstract:

CI Fund Management Ltd's acquisition of BPI Financial Corp worth around C$230 million is expected to boost its assets to C$14.4 billion. The combined companies will be the 10th-biggest fund company in Canada, with total assets of $16.4 billion once institutional money and labour- sponsored and closed-end funds are included. The transaction is the latest in the mutual fund industry which has seen various consolidation.

BPI Financial Corp.

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BRM to buy majority stake in two mutual fund dealers

Article Abstract:

BRM announced that it would acquire a majority stake in Regal Capital Planners and Investment Centre Financial Group Inc. The deal, which result in Canadian financial planning giant, is part of a consolidation trend among mutual fund dealers. The consolidation is attributed to the increasing costs of doing business caused by additional regulatory pressures and technological changes.

Investment Centre Financial Group Inc., Regal Capital Planners

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