All financial amounts in Canadian dollars unless stated otherwise.
Company Website:
http://www.cifinancial.com
TORONTO -- (Business Wire)
CI Financial Corp. (“CI”) (TSX: CIX) today reported preliminary total assets of $465.9 billion as at February 29, 2024, consisting of asset management assets of $128.0 billion, Canadian wealth management assets of $91.9 billion, Canadian custody assets of $27.1 billion, and U.S. wealth management assets of $218.9 billion.
CI FINANCIAL CORP.
February 29, 2024
PRELIMINARY MONTH-END ASSETS (C$ Billions) |
ENDING ASSETS | February
2024 | January
2024 | % Change | February
2023 | % Change |
Asset management (1) |
$128.0
|
$124.8
|
2.6%
|
$121.9
|
5.0%
|
Canada wealth management
|
$91.9
|
$89.2
|
3.0%
|
$81.1
|
13.3%
|
Canada custody (2) |
$27.1
|
$26.0
|
4.1%
|
$8.4
|
222.6%
|
U.S. wealth management (3) |
$218.9
|
$210.7
|
3.9%
|
$186.4
|
17.4%
|
TOTAL ASSETS | $465.9 | $450.8 | 3.3% | $397.8 | 17.1% |
|
|
|
|
|
|
U.S. wealth management from above in USD (3) |
$161.3
|
$156.7
|
2.9%
|
$136.5
|
18.1%
|
ASSET MANAGEMENT – AVERAGE AUM | February
2024 | January
2024 | November
2023 | Fiscal
2023 | % Change |
Monthly average
|
$126.4
|
$124.6
|
-
|
-
|
1.4%
|
Quarter-to-date average
|
$125.5
|
-
|
$119.5
|
-
|
5.0%
|
Year-to-date average
|
$125.5
|
-
|
-
|
$122.3
|
2.6%
|
- Includes $33.9 billion of assets managed by CI and held by clients of advisors with CI Assante Wealth Management, CI Private Counsel (CIPC) and Aligned Capital Partners as at February 29, 2024 ($33.2 billion at January 31, 2024 and $32.9 billion at February 28, 2023).
- Includes $23.8 billion of assets advised by CI and held by clients of advisors with Assante, CIPC, CI Direct Investing and Aligned Capital as at February 29, 2024 ($23.0 billion at January 31, 2024 and $4.9 billion at February 28, 2023). Prior to July 2023, custody assets were historically not included as part of reported assets for Canada wealth management or consolidated total assets.
- Month-end USD/CAD exchange rates of 1.3572, 1.3445 and 1.3645 for February 2024, January 2024 and February 2023, respectively.
About CI Financial
CI Financial Corp. is a diversified global asset and wealth management company operating primarily in Canada, the United States and Australia. Founded in 1965, CI has developed world-class portfolio management talent, extensive capabilities in all aspects of wealth planning, and a comprehensive product suite.
CI operates in three segments:
-
Asset Management, which includes CI Global Asset Management, which operates in Canada, and GSFM Funds Management, which operates in Australia.
-
Canadian Wealth Management, which includes the operations of CI Assante Wealth Management, Aligned Capital Partners, CI Private Wealth, Northwood Family Office, Coriel Capital, CI Direct Investing and CI Investment Services.
-
U.S. Wealth Management, which includes Corient Private Wealth, an integrated wealth management firm providing comprehensive solutions to ultra-high-net-worth and high-net-worth clients across the United States.
CI is headquartered in Toronto and listed on the Toronto Stock Exchange (TSX: CIX). To learn more, visit CI’s website or LinkedIn page.
CI Global Asset Management is a registered business name of CI Investments Inc., a wholly owned subsidiary of CI Financial Corp.
View source version on businesswire.com: https://www.businesswire.com/news/home/20240318256659/en/
Contacts:
Investor Relations
Jason Weyeneth, CFA
Vice-President, Investor Relations & Strategy
416-681-8779
jweyeneth@ci.com
Media Relations
Canada
Murray Oxby
Vice-President, Corporate Communications
416-681-3254
moxby@ci.com
United States
Jimmy Moock
Managing Partner, StreetCred
610-304-4570
jimmy@streetcredpr.com
ci@streetcredpr.com
Source: CI Financial Corp.
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