We’re proud to announce the close of the Curi Capital and RMB Capital merger—a partnership that will unlock new opportunities and value for our clients and for our team. Together, our depth of resources, expanding regional presence, experience, and leadership position the combined firm to forge a strong future while preserving the relationships and values that form the core work we do every day.
We are committed to making this transition as smooth and transparent as possible. Information about the merger is provided below and will be updated as new details become available. As always, please don’t hesitate to contact your team at Curi Capital or RMB Capital with any questions.
On January 2, 2024, Curi, a national healthcare advisory firm comprised of three distinct businesses: Curi Advisory, Curi Capital, and Curi Insurance, confirmed the completion of its previously announced acquisition of RMB Capital and the merger between Curi Capital and RMB Capital (“RMB”), creating a registered investment advisory firm with more than $11.3 billion in assets under advisement.1 Terms were not disclosed.
For more information, please visit our press release on this transaction.
- The clients of Curi, Curi Capital, and RMB remain at the center of all that we do. We believe the merger is a definitive positive for our clients: the combined organization offers additional resources and expertise; a strong future; and the ability to make long-term decisions to uphold the long-term health of the combined entity.
- The transaction builds on Curi’s recent merger with Constellation, which significantly expanded the reach and localized presence of the Curi Insurance business. Curi is growing and investing in our company, our offerings, and our team, so we can continue to be the trusted partner that our clients call on to drive success in their professional and personal lives.
- Curi Capital CEO, Dimitri Eliopoulos, is now CEO of the combined entity, Curi RMB Capital. RMB founding partner and CEO Dick Burridge is the Executive Chairman and remains in his role as co-Chief Investment Officer.
- The remaining leadership teams of both firms remain in place, as do the advisor teams.
- For additional information, please visit our press release on this transaction.
The transaction closed on January 1, 2024.
How does this transaction benefit Curi/Curi Capital clients?
This transaction shows continued growth and investment in our company, our offerings, and our team, so we can continue to be the trusted partner that our clients call on to drive success in their professional and personal lives. We believe this is a particularly positive development and powerful combination for the employees and clients of both Curi Capital and RMB Capital. It is a merging of two firms with a people-centric approach, a shared long-term vision, and a commitment to their values and culture.
We’re incredibly excited about the new and expanded ways that we will be able to serve our clients in wealth management, investment and asset management, and institutional retirement plan solutions.
Will client advisors be changing as a result of this deal?
No, clients of both Curi Capital and RMB can expect their advisor and advisor teams to remain the same. We believe that continuity across both firms is essential during this transition and to the future of our client relationships and success.
Why are Curi Capital and RMB Capital merging?
RMB Capital began a process in 2022 to look for a capital partner for several key reasons, including seeking investment capital and value to accelerate growth, and to provide a secure future and succession plan for the company. RMB chose Curi based on a range of business and cultural factors that make the two an ideal fit for each other. In parallel, Curi Capital has always aimed to grow to a nationwide organization, mirroring the growth and geography of its parent company, Curi.
Both firms are aligned in culture and values and expect to be positioned to provide improved service and experience for clients. The partnership also provides additional benefits beyond capital, such as revenue and cost synergies and industry knowledge and experience.
The transaction also comes on the heels of Curi’s merger with Constellation, which closed on October 1, 2023—a combination that significantly expanded the merged Curi organization’s geographic reach into markets overlapping with RMB’s geography.
How much did the deal cost?
Terms of the transaction have not been disclosed.
Where will the combined firm be headquartered?
The combined firm will be headquartered in Chicago. Between RMB’s nine offices and Curi Capital’s Raleigh office, the firm will serve clients out of 10 locations nationwide.
Will there be any staffing changes as a result of this merger?
All of the approximately 180 employees of both firms will retain their jobs at Curi RMB Capital. The company expects to hire additional staff in 2024.
What will the name of the new company be?
Curi RMB Capital is the name of the combined entity and will allow us to leverage the equity that exists in both organizations/brands. In the first year of integration, the teams will determine the final name, brand, and roll-out plan.
Key Facts
Combined assets under
management / advisement
Combined number of
employees
● Chicago, Ill. (Headquarters) ● Raleigh, N.C. ● Denver, Colo. ● Milwaukee, Wis. ● Minneapolis, Minn.
● Washington, D.C. ● St. Joseph, Mich. ● Lake Forest, Ill. ● Oakbrook Terrace, Ill. ● Jackson Hole, Wyo.
Number of advisors
Number of CFA® Charterholders
1 Total assets under advisement (“AUA”) presented here differs from regulatory assets under management (“RAUM”) reported on RMB Capital’s Form ADV. AUA reflects net assets under management for private funds and mutual funds managed by RMB Capital, while RAUM reflects gross assets under management. AUA also includes RMB retirement plan clients’ assets under advisement, which are not included in RMB Capital’s RAUM. AUA estimated as of 9/30/23.
2 AUA presented here differs from RAUM reported on Curi Capital’s Form ADV. AUA represents Curi Capital’s RAUM plus the value of other assets advised by Curi Capital. For example, AUA includes, but is not limited to, private equity holdings, physical assets, retirement plan assets, and other non-traditional assets advised by Curi Capital. AUA is estimated as of 9/30/2023.