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.
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ENDING ASSETS |
February
|
January
|
% Change |
February
|
% 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% |
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U.S. wealth management from above in USD (3) |
$161.3 |
$156.7 |
2.9% |
$136.5 |
18.1% |
ASSET MANAGEMENT – AVERAGE AUM |
February
|
January
|
November
|
Fiscal
|
% 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.
