CIXX - CI Financial reports record total assets of C$338.1B for November

CI Financial (NYSE:CIXX) reported preliminary AUM of C$149.4B and wealth management assets of C$188.7B as of November 30, 2021, for a record total assets of C$338.1B. In November, 2021, the company completed its previously announced acquisition of McCutchen Group and Matrix Capital Advisors, adding ~$5.5B in wealth management assets. Core assets under management (Canada and Australia) increased 11.1%Y/Y and declined 0.7% over October 2021 to C$141.7B. U.S. assets under management as of November 30, 2021 were C$7.7B, +42.6% Y/Y and +4.1% over October 2021. U.S. wealth management assets were C$110.1B, +563.3% Y/Y and +7.6% over October 2021.

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CI Financial reports record total assets of C$338.1B for November