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.
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ENDING ASSETS |
August
|
July
|
% Change |
August
|
% 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
|
July
|
June
|
Fiscal
|
% 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% |
- 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).
- 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.
- 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.
View source version on businesswire.com: https://www.businesswire.com/news/home/20230927999744/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
