As of January 1, 2024, RMB Capital and Curi Capital have formally merged to become Curi RMB Capital. We’re excited to embark on our joint future and to continue serving our clients as a combined firm.
This partnership will unlock new opportunities and value for both companies and for our clients. Together, our depth of resources, experience, and leadership will position Curi RMB Capital to forge a stronger future while preserving the relationships and values that form the core of the 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 or RMB with any questions.
Overview & Highlights
Curi, a national healthcare advisory firm, announced a definitive agreement to acquire a majority stake of RMB Capital (“RMB”), a registered independent investment advisory firm with more than $9.6 billion in assets under advisement.1 As part of the agreement, Curi Capital (“Curi”), a registered investment advisory firm with approximately $1.6 billion in assets under advisement,2 will merge with RMB.
Dick Burridge, RMB founding partner and current CEO, will move to a role as Executive Chairman of the combined entity, while retaining his co-Chief Investment Officer role. Dimitri Eliopoulos will serve as Chief Executive Officer of the combined organization. Dimitri spent 17 years at RMB previously, ultimately serving as the president of wealth management. He took the helm of Curi Capital in early 2020, building a team of 23 and growing AUA from $400 million to $1.6 billion. Other executive leaders from both entities will continue to serve in leadership roles in the combined entity.
Curi, Curi Capital, and RMB Capital share similar values, cultures, and long-term perspective. This merger sets up the combined entity to be a powerful, growing, client-centric organization. The organizations have tremendous geographic overlap, which will lead to better employee and client experiences alongside greater opportunities for growth. The Wealth Management, Asset Management, and Retirement Planning groups and offerings will all be strengthened by the combination.
For additional information, please visit our press release on the transaction.
FAQs on Curi RMB Capital
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Q: Why are RMB and Curi merging?
RMB began a process last year 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 Capital’s geography.
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Q: What does the merger mean for clients?
The centering of relationships and values will remain at the core of Curi RMB. The combination of these two firms with aligned values and approach will lead to greater efficiency, offerings, and growth, which will deliver a better client experience.
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Q: Will client advisors be changing as a result of this deal?
No, clients of both Curi 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.
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Q: Where will the combined firm be headquartered?
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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.
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Q: 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. The company expects to hire additional staff in 2024.
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Q: What will the name of the new company be?
Curi RMB Capital is the name of the combined entity.
Curi RMB Capital Key Facts
$11.3B+3
Combined assets under
management / advisement
180
Number of employees
10 Locations
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.
41
Number of advisors
28
Number of CFA® Charterholders 4
Company Backgrounds
RMB Capital
RMB was founded in 2005 with a team of 19 employees and less than $500 million in assets. RMB started with the belief that creating an independent firm was the best way to serve our clients. Through the years, we have evolved, expanded, and innovated—as it relates to the types of clients we serve, the breadth and depth of solutions we provide, and the ways we’re able to deliver those solutions. Today, we have more than 155 employees across nine offices nationwide. We also subadvise a family of mutual funds and separately managed strategies through our team of experienced portfolio managers.
Our goal is to create value for our clients. Leveraging our team’s insight and expertise, we deliver specialized financial advice and innovative investment solutions that are designed to preserve and grow assets for individuals, families, institutions, and employers.
Curi Capital
Established in 2019, Curi Capital was founded by physicians to create a nationally recognized and trusted financial advisory firm serving individuals, families, and businesses. Curi is a community committed to fostering relationships among our team, our clients, and partners, and a team focused on improving our clients’ outcomes. This has resulted in growth from $400 million in assets under advisement at our founding to approximately $1.6 billion today. Curi Capital provides full-service financial advisory solutions, including personalized wealth management, retirement plan solutions, and investment guidance to high-net-worth individuals, ultra-high-net worth families, and businesses. Experienced and accessible, Curi Capital’s advisors actively listen and proactively create tailored solutions that help clients build true wealth, however they define it.
Curi
Curi is a full-service advisory firm that serves more than 50,000 physicians, healthcare providers, and organizations across the U.S. Equal parts fierce healthcare advocates, smart business leaders, and thoughtful partners, Curi’s advisory, capital, and insurance offerings deliver valued advice that is grounded in client priorities and elevated by their outcomes. From data-driven advisory services to private wealth offerings, to tailored insurance solutions and beyond, Curi delivers performance that is time-tested and trusted—in medicine, business, and life. Curi holds an “A” (Excellent) financial strength rating from AM Best.
1. Total assets under advisement (“AUA”) presented here differs from regulatory assets under management (“RAUM”) reported on RMB Capital’s Form ADV. 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.
3. Total AUA presented here is a combined number for both entities and differs from RAUM reported on RMB Capital’s and Curi Capital’s Forms ADV as noted in the previous footnotes. Total AUA estimated as of 9/30/23.
4. CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.
