CI Financial Reports Total Assets of $450.8 Billion for January 2024
February 20 2024 - 7:00AM
Business Wire
All financial amounts in Canadian dollars unless stated
otherwise.
CI Financial Corp. (“CI”) (TSX: CIX) today reported preliminary
total assets of $450.8 billion as at January 31, 2024, consisting
of asset management assets of $124.8 billion, Canadian wealth
management assets of $89.2 billion, Canadian custody assets of
$26.0 billion, and U.S. wealth management assets of $210.7
billion.
CI FINANCIAL CORP.
January 31, 2024
PRELIMINARY MONTH-END ASSETS
(C$ Billions)
ENDING ASSETS
January
2024
December
2023
% Change
January
2023
% Change
Asset management (1)
$124.8
$125.0
-0.1%
$123.4
1.2%
Canada wealth management
$89.2
$88.0
1.4%
$81.4
9.6%
Canada custody (2)
$26.0
$25.6
1.7%
$8.3
213.7%
U.S. wealth management (3)
$210.7
$206.3
2.1%
$186.7
12.9%
TOTAL ASSETS
$450.8
$444.8
1.4%
$399.8
12.8%
U.S. wealth management from above
in USD (3)
$156.7
$155.7
0.7%
$139.2
12.6%
ASSET MANAGEMENT – AVERAGE
AUM
January
2024
December
2023
December
2023
Fiscal
2023
% Change
Monthly average
$124.6
$124.2
-
-
0.3%
Quarter-to-date average
$124.6
-
$121.1
-
2.9%
Year-to-date average
$124.6
-
-
$121.8
2.3%
- Includes $33.2 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 January 31, 2024
($33.2 billion at December 31, 2023 and $33.4 billion at January
31, 2023).
- Includes $23.0 billion of assets advised by CI and held by
clients of advisors with Assante, CIPC, CI Direct Investing and
Aligned Capital as at January 31, 2024 ($21.5 billion at December
31, 2023 and $4.8 billion at January 31, 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 1.3445, 1.3250 and 1.3417
for January 2024, December 2023 and January 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 Pty Ltd., which operates in
Australia.
- Canadian Wealth Management, which includes the operations of CI
Assante Wealth Management, Aligned Capital Partners, CI Private
Wealth (Canada), Northwood Family Office, Coriel Capital Inc., 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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version on businesswire.com: https://www.businesswire.com/news/home/20240220860133/en/
Investor Relations Jason Weyeneth, CFA Vice-President,
Investor Relations & Strategy 416-681-8779 jweyeneth@ci.com
Media Relations Canada Murray Oxby Vice-President,
Corporate Communications 416-681-3254 moxby@ci.com
United States Jimmy Moock Managing Partner, StreetCred
610-304-4570 jimmy@streetcredpr.com ci@streetcredpr.com
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