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).