CI Financial Corp. (“CI”) (TSX: CIX) today reported preliminary total assets of $509.2 billion as at August 31, 2024, consisting of asset management assets of $133.1 billion, Canadian wealth management assets of $98.5 billion, Canadian custody assets of $31.0 billion, and U.S. wealth management assets of $246.5 billion.
CI FINANCIAL CORP.
| |||||
ENDING ASSETS | August
| July
| % Change | August
| % Change |
Asset management (1) | $133.1 | $133.3 | -0.1% | $122.7 | 8.5% |
Canada wealth management | $98.5 | $98.2 | 0.3% | $83.7 | 17.7% |
Canada custody (2) | $31.0 | $30.3 | 2.0% | $23.9 | 29.7% |
U.S. wealth management (3) | $246.5 | $249.4 | -1.1% | $201.6 | 22.3% |
TOTAL ASSETS | $509.2 | $511.3 | -0.4% | $431.9 | 17.9% |
U.S. wealth management from above in USD (3) | $182.9 | $180.6 | 1.3% | $149.2 | 22.6% |
ASSET MANAGEMENT –
| August
| July
| July
| Fiscal
| % Change |
Monthly average | $131.9 | $131.9 | - | - | 0.0% |
Quarter-to-date average | $131.9 | - | $129.2 | - | 2.1% |
Year-to-date average | $129.0 | - | - | $122.1 | 5.6% |
1. | Includes $35.6 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 August 31, 2024 ($35.6 billion at July 31, 2024 and $33.0 billion at August 31, 2023). | |
2. | Includes $26.6 billion of assets advised by CI and held by clients of advisors with Assante, CIPC, CI Direct Investing and Aligned Capital as at August 31, 2024 ($26.1 billion at July 31, 2024 and $20.1 billion at August 31, 2023). | |
3. | Month-end USD/CAD exchange rates of 1.3477, 1.3807 and 1.3512 for August 2024, July 2024, and August 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.
View source version on businesswire.com: https://www.businesswire.com/news/home/20240917930299/en/
