CHICAGO & RALEIGH, N.C.– Curi, a national healthcare advisory firm comprised of three distinct businesses: Curi Advisory, Curi Capital and Curi Insurance, announced a definitive agreement to acquire a majority stake of RMB Capital (“RMB”), a registered investment advisory firm with more than $9.6 billion in assets under advisement1. As part of the agreement, Curi Capital, a registered investment advisory firm with approximately $1.6 billion in assets under advisement2, will merge with RMB. The transaction is expected to close by the end of the year. Terms were not disclosed.
“Curi is dedicated to being the trusted partner that our clients instinctively call on to drive success in their professional and personal lives, with a continued focus on physicians and the healthcare community,” said Jason Sandner, CEO, Curi. “This investment and partnership with RMB, coming on the heels of Curi’s recent merger with Constellation, strategically advances that commitment. We’re well positioned, now nationally and with differentiated healthcare and financial services expertise, to meet and serve our clients across all of their needs.”
Combined, Curi Capital and RMB Capital will build on histories of generating value for individuals, families, and institutions. Both organizations have a legacy of putting clients at the center of all decisions and actions, which will continue to drive the mission for the combined organization.
RMB founding partner and CEO Dick Burridge will move into a new role as Executive Chairman and remain in his role as co-Chief Investment Officer. Curi Capital CEO Dimitri Eliopoulos will serve as CEO of the combined Curi RMB Capital entity. Eliopoulos worked in a variety of roles at RMB from the firm’s inception in 2005, eventually becoming RMB’s president of wealth management before taking the CEO position at Curi Capital in early 2020. The remainder of the RMB and Curi Capital leadership teams will also stay in place.
“As we were looking for a partner, Curi Capital, under Dimitri’s leadership, was an unparalleled fit,” Burridge said. “In just under four years, Dimitri has overseen incredible growth while building a client-centric, values-driven culture. This combination will enable a seamless transition into an exciting new era for our firm. This is an energizing new chapter, but one firmly rooted in our history.”
“I am beyond thrilled to bring together our two organizations that are focused on and inspired by the individuals and families whose lives we impact. Returning to work with so many incredible colleagues and friends who have shaped my approach to people, culture and client service, is a dream and an honor,” said Eliopoulos. “This merger sets us up to be a powerful organization with an experienced and passionate leadership team, and a clearly differentiated offering for our clients.”
Curi RMB Capital will be headquartered in Chicago. Curi Capital’s current Raleigh headquarters will remain an important office in the Southeast for the combined entity. All of the approximately 180 employees of both firms will be retained, and the company expects to hire additional staff in 2024.
Beyond the alignment between leadership and the firm’s values and cultures, the combined firm will leverage many other overlapping strengths, including a commitment to put the best interests of clients at the center of decision making, and sharing a long-term investment perspective. Curi’s resources will enable the firm to make strategic investments to optimize the business over the long term. Additionally, there is significant geographic synergy, allowing the new entity to connect back to the broader Curi family and its healthcare advisory focus.
