All financial amounts in Canadian dollars unless stated otherwise.
CI Financial Corp. (“CI”) (TSX: CIX) today reported preliminary total assets of $465.9 billion as at February 29, 2024, consisting of asset management assets of $128.0 billion, Canadian wealth management assets of $91.9 billion, Canadian custody assets of $27.1 billion, and U.S. wealth management assets of $218.9 billion.
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CI FINANCIAL CORP.
February 29, 2024
PRELIMINARY MONTH-END ASSETS (C$ Billions)
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ENDING ASSETS
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February
2024
|
January
2024
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% Change
|
February
2023
|
% Change
|
|
Asset management (1)
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$128.0
|
$124.8
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2.6%
|
$121.9
|
5.0%
|
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Canada wealth management
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$91.9
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$89.2
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3.0%
|
$81.1
|
13.3%
|
|
Canada custody (2)
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$27.1
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$26.0
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4.1%
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$8.4
|
222.6%
|
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U.S. wealth management (3)
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$218.9
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$210.7
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3.9%
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$186.4
|
17.4%
|
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TOTAL ASSETS
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$465.9
|
$450.8
|
3.3%
|
$397.8
|
17.1%
|
|
|
|
|
|
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U.S. wealth management from above in USD (3)
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$161.3
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$156.7
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2.9%
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$136.5
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18.1%
|
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ASSET MANAGEMENT – AVERAGE AUM
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February
2024
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January
2024
|
November
2023
|
Fiscal
2023
|
% Change
|
|
Monthly average
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$126.4
|
$124.6
|
-
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-
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1.4%
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Quarter-to-date average
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$125.5
|
-
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$119.5
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-
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5.0%
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Year-to-date average
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$125.5
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-
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-
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$122.3
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2.6%
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- Includes $33.9 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 February 29, 2024 ($33.2 billion at January 31, 2024 and $32.9 billion at February 28, 2023).
- Includes $23.8 billion of assets advised by CI and held by clients of advisors with Assante, CIPC, CI Direct Investing and Aligned Capital as at February 29, 2024 ($23.0 billion at January 31, 2024 and $4.9 billion at February 28, 2023). Prior to July 2023, custody assets were historically not included as part of reported assets for Canada wealth management or consolidated total assets.
- Month-end USD/CAD exchange rates of 1.3572, 1.3445 and 1.3645 for February 2024, January 2024 and February 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 Funds Management, 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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