All financial amounts in Canadian dollars unless stated otherwise.
CI Financial Corp. (“CI”) (TSX: CIX) today reported preliminary total assets of $467.9 billion as at April 30, 2024, consisting of asset management assets of $126.8 billion, Canadian wealth management assets of $92.3 billion, Canadian custody assets of $27.7 billion, and U.S. wealth management assets of $221.2 billion.
CI FINANCIAL CORP.
|
||||||||||
ENDING ASSETS |
April
|
March
|
% Change |
April
|
% Change |
|||||
Asset management (1) |
$126.8 |
$130.1 |
-2.6% |
$123.4 |
2.7% |
|||||
Canada wealth management |
$92.3 |
$93.7 |
-1.6% |
$82.6 |
11.7% |
|||||
Canada custody (2) |
$27.7 |
$28.0 |
-1.1% |
$8.9 |
211.4% |
|||||
U.S. wealth management (3) |
$221.2 |
$222.3 |
-0.5% |
$188.9 |
17.1% |
|||||
TOTAL ASSETS |
$467.9 |
$474.2 |
-1.3 % |
$399.7 |
15.9% |
|||||
|
|
|
|
|
|
|||||
U.S. wealth management from above in USD (3) |
$160.7 |
$164.1 |
-2.1% |
$139.4 |
15.2% |
|||||
ASSET MANAGEMENT –
|
April
|
March
|
March
|
Fiscal
|
% Change |
|||||
Monthly average |
$128.1 |
$129.3 |
- |
- |
-0.9% |
|||||
Quarter-to-date average |
$128.1 |
- |
$126.8 |
- |
1.1% |
|||||
Year-to-date average |
$127.1 |
- |
- |
$122.1 |
4.1% |
|||||
| 1. | Includes $33.6 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 April 30, 2024 ($34.4 billion at March 31, 2024 and $31.2 billion at April 30, 2023). |
|
| 2. | Includes $24.2 billion of assets advised by CI and held by clients of advisors with Assante, CIPC, CI Direct Investing and Aligned Capital as at April 30, 2024 ($24.5 billion at March 31, 2024 and $5.2 billion at April 30, 2023). Prior to July 2023, custody assets were historically not included as part of reported assets for Canada wealth management or consolidated total assets. |
|
| 3. | Month-end USD/CAD exchange rates of 1.3766, 1.3546 and 1.3548 for April 2024, March 2024 and April 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, 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/20240521261388/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
