JP Morgan tops global rankings, while RBC was the top Canadian firm
Merger activity was down from 2018, but remained strong on a historical basis
The transaction is part of CI’s plan to grow its presence in the U.S. RIA market
The deal also has provisions for Sun Life to acquire the remaining equity of InfraRed within five years
Ratings agency DBRS says the news is "favourable"
The firm has added an ICPM business division with the creation of its Private Counsel subsidiary
The move marks the first step in the Toronto-based company’s U.S. expansion
The rating agency says TD expects to recognize a sizeable re-evaluation gain at closing
Deal value totalled US$57.3 billion in the quarter
The deal could herald more mergers across the industry