The latest transactions, mergers and acquisitions affecting North American wealth management.

Toronto-listed CI Financial Corp is partnering with d1g1t, a financial technology firm, to use the latter firm’s platform across its wealth advisory businesses. CI Financial has made an equity investment in d1g1t worth 9.5 per cent of that firm’s value.

Proceeds from the investment will be used to fund more product innovation and accelerate d1g1t’s commercial expansion, CI Financial Corp said in a statement

“This partnership with CI Financial, one of the country's largest independent wealth management companies, is a strong validation of the team we’ve put together and the hard work that’s gone into creating a new advisory platform that takes the industry into the future,” Dr Dan Rosen, chief executive and co-founder of d1g1t, said. 

CI held about C$177 billion ($134.6 billion) in fee-earning assets as of September 30. Its primary operating businesses are CI Investments, Assante Wealth Management (Canada), CI Private Counsel LP, GSFM Pty, WealthBar Financial Services Inc, and BBS Securities.