ITASCA, Ill., Aug. 31, 2020 /PRNewswire/ - Balasa Dinverno
Foltz LLC ("BDF"), one of the Chicago area's foremost wealth management
firms, and CI Financial Corp. ("CI") (TSX: CIX) of Toronto are pleased to announce that BDF has
once again been recognized as a top employer in the area, being
named a winner in the Best Places to Work in Illinois 2020 survey.
BDF was ranked Number 1 of 39 finalists in the small employer
category of the survey, designed to identify, recognize and honor
the best places of employment benefiting the state's economy,
workforce and businesses. This is the 10th consecutive
year that BDF has appeared on the winners' list and the seventh
consecutive year it has ranked in the top 10 of its category. The
honors continued as BDF was ranked Number 3 for best places to work
for Women and Number 3 for best places to work for Millennials.
These rankings were among all sized employers.
The awards follow similar recent recognitions from Crain's
Chicago Business, as BDF was ranked Number 2 overall and Number
1 in financial services on Crain's 2020 list of 100
Best Places to Work in Chicago, as well as
InvestmentNews, as BDF was ranked Number 2 in 2020 list in
the large category for financial advice firms.
"It is heartwarming to be recognized by our team as the best
place to work in all of Illinois,"
said Armond Dinverno, BDF President
and Co-Founder. "These awards reflect our high-performing culture
which is based on attracting and retaining top talent to serve our
mission of helping our clients enjoy a full life."
BDF is a registered investment advisor ("RIA") firm with
approximately $4.6 billion in assets
as of July 31, 2020. Its team of 62
people provide customized wealth management services to individuals
and families, business owners and institutions and non-profit
organizations in the Chicago area.
BDF recently agreed to be acquired by CI, a global asset and wealth
management firm.
"We extend our congratulations once again to the BDF team for
building an outstanding reputation as an employer and a firm," said
Kurt MacAlpine, CI Chief Executive
Officer. "We are proud to be associated with such a high-quality
organization and look forward to a rewarding partnership."
In the Best Places to Work in Illinois, companies from across the state were
evaluated for their workplace policies, practices and demographics.
In addition, an employee survey was used to measure the employee
experience as part of the evaluation process. The competition is
managed by the Best Companies Group and sponsored by
the Daily Herald Business Ledger, the Illinois Chamber of Commerce, MRA – The
Management Association, and the Small Business Advocacy Council.
The final rankings were announced earlier this month.
CI is acquiring BDF as part of CI's strategy to expand its
presence in wealth management and to globalize the firm. With the
acquisition of BDF, CI will have over $11
billion in wealth management assets in the United States. BDF will form a cornerstone
of CI's business and a platform for continued expansion.
About Balasa Dinverno
Foltz
BDF was founded in 2001 by Mark Balasa, Armond
Dinverno, and Mike Foltz, who
each have more than three decades of industry experience. BDF
provides personalized investment management and financial planning,
and manages approximately $4.6
billion as of July 31, 2020 on
behalf of business owners, individuals and families, and
institutions. BDF's expertise includes practice groups specializing
in the unique needs of women, widows, business owners, insurance
brokers and agency owners, lawyers, financial professionals, and
divorcing individuals. BDF has received extensive recognition,
including being listed on the 2020 FT300: Top Registered Investment
Advisors, being ranked Number 30 on the RIA Channel Top 100 Wealth
Managers for 2020, and appearing on the Barron's Top 50 RIAs list
in 2019. For more information, visit www.bdfllc.com.
About CI Financial
CI Financial Corp. (TSX: CIX) is
an independent company offering global asset management and wealth
management advisory services. It held approximately C$187 billion (US$140
billion) in assets as of July 31,
2020. CI's primary asset management businesses are CI
Investments Inc. and GSFM Pty Ltd., and it operates in wealth
management through Assante Wealth Management (Canada) Ltd., CI Private Counsel LP, WealthBar
Financial Services Inc., BBS Securities Inc., The Cabana Group,
LLC, Congress Wealth Management, LLC, One Capital Management, LLC
and Surevest LLC. Further information is available
at www.cifinancial.com.
This press release contains forward-looking statements
concerning anticipated future events, results, circumstances,
performance or expectations with respect to CI Financial Corp.
("CI") and its products and services, including its business
operations, strategy and financial performance and condition.
Forward-looking statements are typically identified by words such
as "believe", "expect", "foresee", "forecast", "anticipate",
"intend", "estimate", "goal", "plan" and "project" and similar
references to future periods, or conditional verbs such as "will",
"may", "should", "could" or "would". These statements are not
historical facts but instead represent management beliefs regarding
future events, many of which by their nature are inherently
uncertain and beyond management's control. Although
management believes that the expectations reflected in such
forward-looking statements are based on reasonable assumptions,
such statements involve risks and uncertainties. The material
factors and assumptions applied in reaching the conclusions
contained in these forward-looking statements include that the
investment fund industry will remain stable and that interest rates
will remain relatively stable. Factors that could cause
actual results to differ materially from expectations include,
among other things, general economic and market conditions,
including interest and foreign exchange rates, global financial
markets, changes in government regulations or in tax laws, industry
competition, technological developments and other factors described
or discussed in CI's disclosure materials filed with applicable
securities regulatory authorities from time to time. The foregoing
list is not exhaustive and the reader is cautioned to consider
these and other factors carefully and not to place undue reliance
on forward-looking statements. Other than as specifically required
by applicable law, CI undertakes no obligation to update or alter
any forward-looking statement after the date on which it is made,
whether to reflect new information, future events or
otherwise.
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SOURCE CI Financial Corp.