All financial amounts in Canadian dollars unless stated otherwise.
CI Financial Corp . (“CI”) (TSX: CIX) today reported preliminary total assets of $391.6 billion as at January 31, 2023, a record for the company. The total consisted of asset management assets of $123.4 billion, Canadian wealth management assets of $81.4 billion, and U.S. wealth management assets of $186.7 billion.
CI FINANCIAL CORP. January 31, 2023 PRELIMINARY MONTH-END ASSETS (C$ Billions) | |||||
ENDING ASSETS | January 2023 | December 2022 | % Change | January 2022 | % Change |
Asset management (1) | $123.4 | $117.8 | 4.8% | $138.7 | -11.0% |
Canada wealth management | $81.4 | $77.4 | 5.2% | $78.7 | 3.4% |
U.S. wealth management (2) | $186.7 | $180.6 | 3.4% | $147.4 | 26.7% |
TOTAL ASSETS | $391.6 | $375.8 | 4.2% | $364.9 | 7.3% |
ASSET MANAGEMENT – AVERAGE AUM | January 2023 | December 2022 | December 2022 | Fiscal | % Change |
Monthly average | $121.5 | $119.8 | - | - | 1.4% |
Quarter-to-date average | $121.5 | - | $117.7 | - | 3.2% |
Year-to-date average | $121.5 | - | - | $125.0 | -2.8% |
- Includes $33.4 billion of assets managed by CI and held by clients of advisors with Assante, CIPC and Aligned Capital as at January 31, 2023 ($31.9 billion at December 31, 2022 and $35.1 billion at January 31, 2022).
- Month-end USD/CAD exchange rates of 1.3417, 1.3540 and 1.2708 for January 2023, December 2022 and January 2022, 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). 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/20230228005414/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