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CI Financial Corp T.CIX

Alternate Symbol(s):  CIXXF

CI Financial Corp. is a diversified global asset and wealth management company operating primarily in Canada, the United States and Australia. The Company is engaged in the management and distribution of a range of financial products and services, including wealth management, insurance, and others. The Company operates through three segments: Asset Management, Canadian Wealth Management, and U.S. Wealth Management. The Asset Management segment includes CI Global Asset Management, which operates in Canada, and GSFM Pty Ltd., which operates in Australia. The Canadian Wealth Management segment includes the operations of CI Assante Wealth Management, Aligned Capital Partners, CI Private Wealth, Northwood Family Office, CI Direct Investing and CI Investment Services. The U.S. Wealth Management segment includes Corient Private Wealth LLC, an integrated wealth management company providing comprehensive solutions to ultra-high-net-worth and high-net-worth clients across the United States.


TSX:CIX - Post by User

Bullboard Posts
Comment by islandbrookon Jun 03, 2020 2:45pm
87 Views
Post# 31108010

RE:CIX AUM

RE:CIX AUMNote that assets under administration have declined by 4% since year end Dec. 31,2019 while year to date Ci Financial has  declined by 21.1% from $22 to its current level of $17.38.Even more significant is the fact that marking to market company owned investments,reduced adjusted earnings by $0.05 in the latest quarter.  Since the last quarter the company owned investments have decreased from $147 million to $101 million at May 31. Since this occurred in the sharply rising market of April and May, It is logically to assume that the sale of  $46 million of investments would have produced capital gains. If so, expect strong adjusted earnings per share in the June quarter
Bullboard Posts