B-SIDE: UPDATE ON OUR PARENT COMPANY CI FINANCIAL

I am writing with an exciting development about our parent company, CI Financial. The firm has announced that it has entered into an agreement with Mubadala Capital to take CI private.

As a globally recognized, sovereign-backed investor, Mubadala Capital invests with a strategic, long-term outlook, bringing stability and certainty to support the continued development and growth of our firm – particularly in terms of enhancing our capabilities, supporting our people, and delivering value to clients.

So, what does this mean for you as a client of Assante? Effectively, it’s business as usual. The transaction will not affect my independence as an advisor and my team’s ability to provide the services you need to attain your financial goals. There will be no impact on the solutions offered by Assante or our affiliate, CI Global Asset Management. Assante will continue to be overseen by Canadian regulatory bodies and assets will remain custodied in Canada.

This development is very positive and ultimately strengthens our firm. We will be moving forward with a renewed focus on providing our clients with the best possible services and solutions to help you achieve a secure financial future.

You can read the press release about the transaction here. If you have any further questions about this issue, please contact me.

Yours truly,

Andrew Hawryluk
Wealth Advisor
Assante Financial Management Ltd.