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.
[More: The hunt for mega RIAs]
As our second lead editor, Cindy Hamilton covers health, fitness and other wellness topics. She is also instrumental in making sure the content on the site is clear and accurate for our readers. Cindy received a BA and an MA from NYU.