CI Financial Reports Total Assets of $465.9 Billion for February 2024

All financial amounts in Canadian dollars unless stated otherwise.

TORONTO--(BUSINESS WIRE)--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%

1. 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).
2. 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.
3. 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.