CI Financial Corp T.CIX

Alternate Symbol(s): CIXXF

Financial Services Asset Management

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

CI Financial Corp

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Post by islandbrookon Jul 02, 2020 2:27pm

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Post# 31216997

Assets Under Administration

CIX will report AUM for the month of June either tomorrow or Monday. As June was another strong month in the markets,AUM's should approximate $179 billion. This level would only be 1.2% below year-end while the stock is down 22% in the same period. Earnings for the quarter should beat concencus as investments that are marked to market should show a significat gain reflecting strong markets during the quarter compared to a $12 million dollar in the 1st quarter.
By month end my technical target is $21 as it fills the downward gap from that level

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