CIX:CC - CI Financial Reports Record Total Assets of $384.9 Billion for November 2022
All financial amounts in Canadian dollars unless stated otherwise.
CI Financial Corp . (“CI”) (TSX: CIX, NYSE: CIXX) today reported preliminary total assets of $384.9 billion as at November 30, 2022, an all-time month-end high for the company. The total consisted of asset management assets of $121.7 billion, Canadian wealth management assets of $79.9 billion, and U.S. wealth management assets of $183.3 billion.
On November 10, 2022, CI completed the acquisition of Kore Private Wealth, LLC, a New York City-based registered investment advisor that focuses on meeting the unique and complex needs of ultra-high-net-worth individuals and families through comprehensive, interdisciplinary wealth management services. The firm now operates under the name CI Kore Private Wealth.
| CI FINANCIAL CORP. |
| ENDING ASSETS |
| November |
| October |
| % Change |
| November |
| % Change |
| Asset management (1) |
| $121.7 |
| $116.4 |
| 4.6% |
| $141.8 |
| -14.2% |
| Canada wealth management |
| $79.9 |
| $76.2 |
| 4.9% |
| $78.6 |
| 1.7% |
| U.S. wealth management (2) |
| $183.3 |
| $171.9 |
| 6.6% |
| $110.1 |
| 66.5% |
| TOTAL ASSETS |
| $384.9 |
| $364.4 |
| 5.6% |
| $330.5 |
| 16.5% |
| ASSET MANAGEMENT – |
| November |
| October |
| September |
| Fiscal |
| % Change |
| Monthly average |
| $118.3 |
| $114.8 |
| - |
| - |
| 3.0% |
| Quarter-to-date average |
| $116.6 |
| - |
| $119.1 |
| - |
| -2.1% |
| Year-to-date average |
| $125.5 |
| - |
| - |
| $137.9 |
| -9.0% |
- Includes $32.6 billion of assets managed by CI and held by clients of advisors with Assante, CIPC and Aligned Capital as at November 30, 2022 ($31.1 billion at October 31, 2022 and $35.3 billion at November 30, 2021).
- Month-end USD/CAD exchange rates of 1.3452, 1.3623 and 1.2779 for November 2022, October 2022 and November 2021, 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 the operations of CI Global Asset Management and Australia-based GSFM Pty Ltd.
- Canadian Wealth Management, which includes the operations of CI Assante Wealth Management, Aligned Capital Partners, CI Private Wealth (Canada), Northwood Family Office, CI Direct Investing and CI Investment Services.
- U.S. Wealth Management, which includes CI Private Wealth US, a national network of best-in-class wealth management teams.
CI is headquartered in Toronto and listed on the Toronto Stock Exchange (TSX: CIX) and the New York Stock Exchange (NYSE: CIXX). 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.
View source version on businesswire.com: https://www.businesswire.com/news/home/20221222005129/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