CIBC Announces Agreement to Acquire Geneva Advisors

Jack Markwalter
July 07, 2017

Download PDF   We are pleased to announce today that CIBC will be acquiring Geneva Advisors , a private wealth management firm headquartered in Chicago with US$8.4B in assets under management and a team of approximately 100 client-focused employees ( see press release ). They will join our CIBC Atlantic Trust Private Wealth Management team when the transaction closes in the fourth...
 

We are pleased to announce today that CIBC will be acquiring Geneva Advisors, a private wealth management firm headquartered in Chicago with US$8.4B in assets under management and a team of approximately 100 client-focused employees (see press release). They will join our CIBC Atlantic Trust Private Wealth Management team when the transaction closes in the fourth quarter of fiscal 2017, subject to the satisfaction of customary closing conditions, including receipt of regulatory approvals.

Geneva Advisors is an independent firm with a strong reputation for high-quality client service, and bringing together their organization with CIBC Atlantic Trust creates an excellent fit due to our commonly held values of a fiduciary culture and team-based approach. Over the past several years, we have been working to strengthen our teams in key wealth centers across the U.S., and the acquisitions of The PrivateBank and Geneva Advisors meaningfully enhance our presence in Chicago. Building our business benefits all of our valued clients by giving us the ability to expand our services and continue reinvesting in our business—in technology, investments and our wealth strategies capabilities. As always, our professionals remain dedicated to delivering the highest-quality, boutique client experience.

If you would like to learn more about Geneva Advisors, I invite you to visit genevaadvisors.com. Also, please know that I am personally available to answer any questions.  We look forward to welcoming Geneva Advisors to our team!

Jack Markwalter is chairman and chief executive officer of CIBC Atlantic Trust Private Wealth Management, holding these positions since January 2004. In addition, he serves on the CIBC Operating Committee as a member of CIBC’s executive leadership team.