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CI Financial Reports Total Assets of $431.9 Billion for August 2023

All financial amounts in Canadian dollars unless stated otherwise.

CI Financial Corp. (“CI”) (TSX: CIX) today reported preliminary total assets of $431.9 billion as at August 31, 2023, consisting of asset management assets of $122.7 billion, Canadian wealth management assets of $83.7 billion, Canadian custody assets of $23.9 billion, and U.S. wealth management assets of $201.6 billion.

CI FINANCIAL CORP.

August 31, 2023

PRELIMINARY MONTH-END ASSETS (C$ Billions)

ENDING ASSETS

August

2023

July

2023

% Change

August

2022

% Change

Asset management (1)

$122.7

$123.7

-0.8%

$119.0

3.1%

Canada wealth management

$83.7

$83.9

-0.2%

$76.5

9.4%

Canada custody (2)

$23.9

$23.5

1.7%

$6.6

262.1%

U.S. wealth management (3)

$201.6

$199.2

1.2%

$150.4

34.0%

TOTAL ASSETS

$431.9

$430.3

0.4%

$352.5

22.5%

ASSET MANAGEMENT – AVERAGE AUM

August

2023

July

2023

June

2023

Fiscal

2022

% Change

Monthly average

$122.2

$122.8

-

-

-0.5%

Quarter-to-date average

$122.5

-

$122.1

-

0.3%

Year-to-date average

$122.1

-

-

$125.0

-2.3%

  1. Includes $33.0 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 August 31, 2023 ($33.3 billion at July 31, 2023 and $31.7 billion at August 31, 2022).
  2. Includes $20.1 billion of assets advised by CI and held by clients of advisors with Assante, CIPC, CI Direct Investing and Aligned Capital as at August 31, 2023 ($19.7 billion at July 31, 2023 and $4.3 billion at August 31, 2022). 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 1.3512, 1.3186 and 1.3134 for August 2023, July 2023 and August 2022, 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 Pty Ltd., which operates in Australia.
  • Canadian Wealth Management, which includes the operations of CI Assante Wealth Management, Aligned Capital Partners, CI Private Wealth (Canada), Northwood Family Office, 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.

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