TORONTO--(BUSINESS WIRE)--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.
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ENDING ASSETS |
August
|
July
|
% Change |
August
|
% 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% |
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U.S. wealth management from above in USD (3) |
$182.9 |
$180.6 |
1.3% |
$149.2 |
22.6% |
ASSET MANAGEMENT –
|
August
|
July
|
July
|
Fiscal
|
% 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). |
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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). |
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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.
