Radnor News / Blog


Wed
6/30/21

posted by: Radnor Financial Advisors

Exciting news about Radnor Financial Advisors

We are pleased to share some exciting news with you!  On Friday, June 25, Radnor Financial Advisors signed an agreement to become part of CI Financial, a leading global asset and wealth management firm that is actively expanding in the U.S.  As a result of this transaction, we are joining one of the largest private wealth management platforms in the U.S. comprised of like-minded fee-only registered investment advisory companies.

CI Financial has been strategically partnering with best-in-class firms around the country to build out its network of RIA organizations.  As the first firm in Philadelphia to join forces with CI Financial, we are excited to contribute to the growth in the MidAtlantic region and at a national level.  With a strong cultural fit and a solid alignment of mission, vision, and values, this partnership between Radnor Financial Advisors and CI Financial will enable us to deliver an exceptional client experience for years to come.

While at face value this may seem like a big change, in reality the vast majority of our day-to-day operations will remain the same.  Of note:

  • Our staff is not changing. Our team members will continue to provide the same concierge-level individualized service to our clients and business partners, while having access to enhanced professional development and growth opportunities.
  • Our fiduciary standard of care remains intact, such that our clients’ best interests come first, always.
  • The transaction will not affect client accounts, where investments are held, or the terms of our investment advisory agreements.
  • The current Radnor Financial Advisors partners will continue as equity partners in the new entity. In addition, Brian Jacobs, Casey Shure, and Justin Spike will join our Board of Managers, and there will be further opportunities to expand our partnership base.
  • Our location and contact information will not change—connect with us the same way you always have.

So why the change?

At Radnor we have long been committed to making a positive impact on our clients’ financial lives.  To do so, it’s imperative that we stay ahead of the curve in a rapidly-changing industry.  Joining forces with a network of like-minded firms promotes collaboration and expanded investment opportunities.  As a healthy company engaging in long-range strategic planning and implementation, we are able to act from a position of strength to ensure leadership continuity, long-term commitment, and service excellence well into the future.

Looking ahead, CI Financial’s investment in our business will allow us to leverage innovative technology and back-end infrastructure that will lend a competitive edge.  In addition, we will have access to greater resources and a wider range of investment and service offerings that will help enhance the client experience.  The breadth and depth of new resources will enable us to scale and grow so that we can continue to attract and retain outstanding employees, and provide superior service for generations to come.

The news of this agreement became public today.  If you are interested in reading more, you may access a link to the CI Financial press release here.

As we consider our 30+ year history at Radnor Financial Advisors, we’re excited to embark on this next chapter in a partnership that underscores our mission and allows us to better serve the growing needs of the entire Radnor community.  We look forward to the continuation of long and successful relationships with our clients and professional associates, that will only be strengthened by the resources, reputation, and values of CI Financial.

 

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