CI Financial Reports Total Assets of $509.2 Billion for August 2024
17 Septembre 2024 - 1:00PM
Business Wire
All financial amounts in Canadian dollars unless stated
otherwise.
CI Financial Corp. (“CI”) (TSX: CIX) today reported preliminary
total assets of $509.2 billion as at August 31, 2024, consisting of
asset management assets of $133.1 billion, Canadian wealth
management assets of $98.5 billion, Canadian custody assets of
$31.0 billion, and U.S. wealth management assets of $246.5
billion.
CI FINANCIAL CORP.
August 31, 2024 PRELIMINARY MONTH-END ASSETS (C$
Billions)
ENDING ASSETS
August 2024
July 2024
% Change
August 2023
% Change
Asset management (1)
$133.1
$133.3
-0.1%
$122.7
8.5%
Canada wealth management
$98.5
$98.2
0.3%
$83.7
17.7%
Canada custody (2)
$31.0
$30.3
2.0%
$23.9
29.7%
U.S. wealth management (3)
$246.5
$249.4
-1.1%
$201.6
22.3%
TOTAL ASSETS
$509.2
$511.3
-0.4%
$431.9
17.9%
U.S. wealth management from above in USD
(3)
$182.9
$180.6
1.3%
$149.2
22.6%
ASSET MANAGEMENT – AVERAGE AUM
August 2024
July 2024
July 2024
Fiscal 2023
% Change
Monthly average
$131.9
$131.9
-
-
0.0%
Quarter-to-date average
$131.9
-
$129.2
-
2.1%
Year-to-date average
$129.0
-
-
$122.1
5.6%
1.
Includes $35.6 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 August 31, 2024
($35.6 billion at July 31, 2024 and $33.0 billion at August 31,
2023).
2.
Includes $26.6 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, 2024 ($26.1 billion at July 31,
2024 and $20.1 billion at August 31, 2023).
3.
Month-end USD/CAD exchange rates of 1.3477, 1.3807 and 1.3512
for August 2024, July 2024, and August 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.
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version on businesswire.com: https://www.businesswire.com/news/home/20240917930299/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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