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.

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CI Financial Corp

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Post by zack50on May 13, 2021 5:20pm

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Post# 33197189

Sector Update: Financial

03:36 PM EDT, 05/13/2021 (MT Newswires)

Financial stocks continued to climb in Thursday afternoon trading, with the NYSE Financial Index rising 1.8% while the SPDR Financial Select Sector ETF (XLF) was ahead 2%. The Philadelphia Housing Index gained 3.5% and the SPDR Real Estate Select Sector ETF (XLRE) was up 1.8%. In company news, CI Financial (CIXX) was more than 11% higher after the Canadian asset manager reported non-GAAP Q1 net income of CA$0.73 per share, up from CA$0.56 per share during the same quarter last year and beating the Capital IQ consensus by CA$0.07 per share.

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They started in video game investing, now they serve high net worth traders