CI Financial Reports Total Assets of $465.9 Billion for February 2024
18 Mars 2024 - 12:00PM
Business Wire
All financial amounts in Canadian dollars unless stated
otherwise.
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.
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version on businesswire.com: https://www.businesswire.com/news/home/20240318256659/en/
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
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