All financial amounts in Canadian dollars unless stated otherwise.
CI Financial Corp. (“CI”) (TSX: CIX) today reported preliminary total assets of $394.9 billion as at April 30, 2023, a record for CI. The total consisted of asset management assets of $123.4 billion, Canadian wealth management assets of $82.6 billion, and U.S. wealth management assets of $188.9 billion.
CI FINANCIAL CORP. April 30, 2023 PRELIMINARY MONTH-END ASSETS (C$ Billions) |
|||||
ENDING ASSETS |
April 2023 |
March 2023 |
% Change |
April 2022 |
% Change |
Asset management (1) |
$123.4 |
$122.0 |
1.1% |
$128.4 |
-3.9% |
Canada wealth management |
$82.6 |
$81.6 |
1.2% |
$78.3 |
5.5% |
U.S. wealth management (2) |
$188.9 |
$187.5 |
0.7% |
$149.3 |
26.5% |
TOTAL ASSETS |
$394.9 |
$391.1 |
1.0% |
$356.0 |
10.9% |
ASSET MANAGEMENT – AVERAGE AUM |
April 2023 |
March 2023 |
March 2023 |
Fiscal
|
% Change |
Monthly average |
$122.6 |
$121.2 |
- |
- |
1.2% |
Quarter-to-date average |
$122.6 |
- |
$121.9 |
- |
0.6% |
Year-to-date average |
$122.1 |
- |
- |
$125.0 |
-2.3% |
- Includes $33.2 billion of assets managed by CI and held by clients of advisors with Assante, CIPC and Aligned Capital as at April 30, 2023 ($33.0 billion at March 31, 2023 and $33.0 billion at April 30, 2022).
- Month-end USD/CAD exchange rates of 1.3548, 1.3515 and 1.2848 for April 2023, March 2023 and April 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 CI Private Wealth (U.S.), 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/20230523005077/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
