Curi Buys $9.6B RMB Capital, to Merge with RIA Unit

Curi, a national healthcare advisory firm comprised of three businesses: Curi Advisory, Curi Capital and Curi Insurance, has acquired a majority stake in RMB Capital, a Chicago-based registered investment advisor with nearly $9.6 billion in assets under advisement.

Financial terms of the transaction, which is expected to close by the end of the year, were not made available.

As part of the agreement, Curi Capital, an RIA with $1.6 billion in assets under advisement, will merge with RMB.

“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 Curi CEO Jason Sandner.

RMB founding partner and CEO Dick Burridge will be executive chairman and remain in his role as co-CIO. Curi Capital CEO Dimitri Eliopoulos will serve as CEO of the combined Curi RMB Capital entity.

Curi RMB Capital will be headquartered in Chicago. Approximately 180 employees of both firms will be retained, and the company expects to hire additional staff in 2024.

Curi is a full-service advisory firm that serves more than 50,000 physicians, healthcare providers, and organizations across the U.S.