CIX CompX International Inc

All financial amounts in Canadian dollars unless stated otherwise.

CI Financial Corp. (“CI”) (TSX: CIX) today reported preliminary total assets of $518.1 billion as at September 30, 2024, consisting of asset management assets of $135.4 billion, Canadian wealth management assets of $100.1 billion, Canadian custody assets of $31.9 billion, and U.S. wealth management assets of $250.6 billion.

CI FINANCIAL CORP.

September 30, 2024

PRELIMINARY MONTH-END ASSETS (C$ Billions)

ENDING ASSETS

September

2024

August

2024

% Change

September

2023

% Change

Asset management (1)

$135.4

$133.1

1.7%

$119.0

13.7%

Canada wealth management

$100.1

$98.5

1.6%

$81.5

22.9%

Canada custody (2)

$31.9

$31.0

3.0%

$23.4

36.1%

U.S. wealth management (3)

$250.6

$246.5

1.7%

$197.0

27.2%

TOTAL ASSETS

$518.1

$509.2

1.7%

$421.0

23.1%

 

 

 

 

 

 

U.S. wealth management from above in USD (3)

$185.3

$182.9

1.3%

$145.1

27.8%

ASSET MANAGEMENT – AVERAGE AUM

September

2024

August

2024

June

2024

Fiscal

2023

% Change

Monthly average

$133.6

$131.9

-

-

1.3%

Quarter-to-date average

$132.5

-

$129.2

-

2.5%

Year-to-date average

$129.5

-

-

$122.1

6.0%

PRELIMINARY QUARTER-END SALES RESULTS (C$ Billions)

Asset Management

3Q24

2Q24

1Q24

4Q23

3Q23

Canadian retail

$ 0.0

$ (0.3)

$ (1.3)

$ (0.4)

$ (0.1)

Canadian institutional

$ (0.0)

$ (0.0)

$ 0.0

$ 0.0

$ (0.1)

Australian asset management

$ 0.2

$ (0.0)

$ (0.1)

$ 0.2

$ (0.1)

Closed business

$ (0.2)

$ (0.2)

$ (0.2)

$ (0.2)

$ (0.2)

Asset management segment

$ 0.1

$ (0.6)

$ (1.6)

$ (0.4)

$ (0.5)

 

 

 

 

 

 

U.S. asset management (4)

$ 0.1

$ 0.7

$ 0.1

$ (0.1)

$ 0.0

PRELIMINARY ASSET MANAGEMENT SEGMENT FEE RATE

 

3Q24

2Q24

1Q24

4Q23

3Q23

Net management fees/average AUM (bps)

79.5

80.4

81.0

81.2

83.8

1. Includes $36.0 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 September 30, 2024 ($35.6 billion at August 31, 2024 and $31.8 billion at September 30, 2023).
2. Includes $27.5 billion of assets advised by CI and held by clients of advisors with Assante, CIPC, CI Direct Investing and Aligned Capital as at September 30, 2024 ($26.6 billion at August 31, 2024 and $19.7 billion at September 30, 2023).
3. Month-end USD/CAD exchange rates of 1.3524, 1.3477 and 1.3582 for September 2024, August 2024, and September 2023, respectively.
4. Includes 100% of inflows from CI’s minority investments in Columbia Pacific Advisors, OCM Capital Partners, The Cabana Group and GLASfunds Holdings.

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, operating as CI Wealth, which includes CI Assante Wealth Management, Aligned Capital Partners, CI Assante Private Client, CI Private Wealth, Northwood Family Office, CI Coriel Capital, CI Direct Investing, CI Direct Trading 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/20241018939908/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