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.
| ||||||||||
ENDING ASSETS | April
| March
| % Change | April
| % 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 –
| April
| March
| March
| Fiscal
| % 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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