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OCM Capital Partners Expands Wealth Management Business with Acquisition of Thousand Oaks Financial
Tuesday 04 August 2020

California-based registered investment advisory OCM Capital Partners LLC has agreed to merge with California-based registered investment advisor Thousand Oaks Financial Corp., operating under the name Professional Planning into OCM, to extend wealth management business in the US, the company said.

The transaction is expected to close in September 2020. Terms were not disclosed.

One Capital Management, a subsidiary of CI Financial Corp. (TSX: CIX) of Toronto, is a registered investment advisor managing approximately USD 1.9bn in client assets as at June 30, 2020.

OCM Capital Partners LLC offers expertise in investment management and advanced wealth planning, including specialisations focussed on the needs of professional athletes, entertainers and first responders.

CI Financial Corp. (TSX: CIX) is an independent company offering global asset management and wealth management advisory services. CI held approximately USD 17 bn in fee-earning assets as of June 30, 2020.

Professional Planning offers financial planning and wealth management services and has approximately USD 440m in assets under management (as at June 30, 2020).
Date Published: 04/08/2020