CI Financial Reports Total Assets of $467.9 Billion for April 2024
May 21 2024 - 6:55AM
Business Wire
All financial amounts in Canadian dollars unless stated
otherwise.
CI Financial Corp. (“CI”) (TSX: CIX) today reported preliminary
total assets of $467.9 billion as at April 30, 2024, consisting of
asset management assets of $126.8 billion, Canadian wealth
management assets of $92.3 billion, Canadian custody assets of
$27.7 billion, and U.S. wealth management assets of $221.2
billion.
CI FINANCIAL CORP. April 30,
2024 PRELIMINARY MONTH-END ASSETS (C$ Billions)
ENDING ASSETS
April 2024
March 2024
% Change
April 2023
% Change
Asset management (1)
$126.8
$130.1
-2.6%
$123.4
2.7%
Canada wealth management
$92.3
$93.7
-1.6%
$82.6
11.7%
Canada custody (2)
$27.7
$28.0
-1.1%
$8.9
211.4%
U.S. wealth management (3)
$221.2
$222.3
-0.5%
$188.9
17.1%
TOTAL ASSETS
$467.9
$474.2
-1.3 %
$399.7
15.9%
U.S. wealth management from above in USD
(3)
$160.7
$164.1
-2.1%
$139.4
15.2%
ASSET MANAGEMENT – AVERAGE AUM
April 2024
March 2024
March 2024
Fiscal 2023
% Change
Monthly average
$128.1
$129.3
-
-
-0.9%
Quarter-to-date average
$128.1
-
$126.8
-
1.1%
Year-to-date average
$127.1
-
-
$122.1
4.1%
1.
Includes $33.6 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 April 30, 2024 ($34.4 billion at March 31, 2024 and $31.2
billion at April 30, 2023).
2.
Includes $24.2 billion of assets advised
by CI and held by clients of advisors with Assante, CIPC, CI Direct
Investing and Aligned Capital as at April 30, 2024 ($24.5 billion
at March 31, 2024 and $5.2 billion at April 30, 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
1.3766, 1.3546 and 1.3548 for April 2024, March 2024 and April
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/20240521261388/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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