OCM Capital Partners, a subsidiary of CI Financial Corp. of Toronto, will acquire Thousand Oaks Financial Corp., a registered investment adviser in Thousand Oaks, California, that manages $440 million.
Thousand Oaks, which was founded in 1973, operates under the name Professional Planning. It will be integrated into OCM’s One Capital Management advisory business.
The acquisition, terms of which were not disclosed, is expected to close in September.
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Carson is expanding one of its relationships in Florida while Lido Advisors adds an $870 million practice in Silicon Valley.
The approval of the pay proposal, which handsomely compensates its CEO and president, bolsters claims that big payouts are a must in the war to retain leadership.
Integrated Partners is adding a husband-wife tandem to its network in Missouri as Kestra onboards a father-son advisor duo from UBS.
Futures indicate stocks will build on Tuesday's rally.
Cost of living still tops concerns about negative impacts on personal finances
RIAs face rising regulatory pressure in 2025. Forward-looking firms are responding with embedded technology, not more paperwork.
As inheritances are set to reshape client portfolios and next-gen heirs demand digital-first experiences, firms are retooling their wealth tech stacks and succession models in real time.
