Press Release March 24, 2021

Brightworth to Sell Majority Stake to CI Financial

Alston & Bird client Brightworth LLC, a leading registered investment adviser (RIA) based in Atlanta, has signed a definitive agreement to sell a majority interest to Canadian wealth management firm CI Financial Corp. 

Ranked by the Atlanta Business Chronicle as the city’s No. 21 money manager in 2020, Brightworth has approximately $4.7 billion in assets under management. The firm serves high-net-worth individuals, families, business owners, trusts, estates, charitable organizations, pension, and profit-sharing plans from offices in Atlanta and Charlotte, NC.

Based in Toronto and listed on the NYSE, CI Financial is Canada’s largest investment management firm, with approximately $185.7 billion in assets under management.

Advising Brightworth is an Alston & Bird team led by partner Chris Frieden, senior associate John Gerl, and associate John Hobgood (Financial Services & Products) and partner Brian Harvel (Federal & International Tax).
Media Contact
Nicholas Clarke
Senior Communications Manager
Phone: 212.210.1222

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