TORONTO, Feb. 4, 2020 /CNW/ - CI Financial Corp. ("CI")
(TSX: CIX) today reported preliminary assets under management at
January 31, 2020 of $132.4 billion and total assets of $182.8 billion.
Assets under management increased by 0.2% in the month of
January and 3.3% year over year. CI's average assets under
management for the quarter-to-date were $133.3 billion, an increase of 1.8% compared to
the average for the fourth quarter of 2019.
CI reported record assets under advisement of $50.4 billion at January
31, 2020, an increase of 1.2% in the month of January and
15.9% year over year. This includes assets at Assante Wealth
Management (Canada) Ltd.,
Stonegate Private Counsel, WealthBar Financial Services Inc. and,
as of January 2020, recently acquired
Surevest Wealth Management of Phoenix.
Further information about CI's assets and financial position can
be found below in the tables of statistics and on its website,
www.cifinancial.com. These are the only statistics authorized by
CI, and CI takes no responsibility for reporting by any external
sources.
CI FINANCIAL
CORP.
January 31,
2020
PRELIMINARY
MONTH-END STATISTICS
|
ENDING
ASSETS
|
Jan.
31/20
(billions)
|
Dec.
31/19
(billions)
|
%
Change
|
Jan.
31/19
(billions)
|
%
Change
|
Assets under
management
|
$132.4
|
$132.1
|
0.2%
|
$128.2
|
3.3%
|
Assets under
advisement1
|
50.4
|
49.8
|
1.2%
|
43.5
|
15.9%
|
TOTAL
|
$182.8
|
$181.9
|
0.5%
|
$171.7
|
6.5%
|
MONTHLY
AVERAGE
ASSETS UNDER
MANAGEMENT
|
Jan.
31/20 (billions)
|
Dec.
31/19 (billions)
|
% Change
|
Monthly
average
|
$133.3
|
$132.1
|
0.9%
|
FISCAL QUARTER
AVERAGE
ASSETS UNDER
MANAGEMENT
|
Jan.
31/20 (billions)
|
Dec.
31/19 (billions)
|
% Change
|
Fiscal quarter
average
|
$133.3
|
$130.9
|
1.8%
|
FISCAL YEAR
AVERAGE
ASSETS UNDER
MANAGEMENT
|
Fiscal
2020 (billions)
|
Fiscal
2019 (billions)
|
% Change
|
Fiscal year
average
|
$133.3
|
$130.2
|
2.4%
|
EQUITY
(millions)
|
FINANCIAL
POSITION
(millions)
|
Total outstanding
shares (TSX)
|
220.8
|
Debt
outstanding
|
$1,656
|
QTD weighted avg.
shares
|
220.9
|
Net debt
outstanding
|
$1,446
|
|
1 Includes assets managed by CI
and held by clients of advisors with Assante and
Stonegate.
|
CI Financial Corp. (TSX: CIX) is an independent Canadian company
offering global asset management and wealth management advisory
services. Its primary operating businesses are CI Investments Inc.,
Assante Wealth Management (Canada)
Ltd., CI Private Counsel LP, GSFM Pty Ltd., WealthBar Financial
Services Inc., and BBS Securities Inc. Further information is
available at www.cifinancial.com.
SOURCE CI Financial Corp.