All financial amounts in Canadian dollars unless stated
otherwise.
CI Financial Corp. (“CI”) (TSX: CIX, NYSE: CIXX) today reported
preliminary assets under management as at February 28, 2022 of
$145.4 billion and wealth management assets of $224.7 billion, for
total assets of $370.2 billion.
CI FINANCIAL CORP.
February 28, 2022
PRELIMINARY MONTH-END ASSETS
(C$ Billions)
ENDING ASSETS
February
2022
January
2022
% Change
February
2021
% Change
Core assets under management (Canada and
Australia) (1)
$136.8
$138.7
-1.4%
$130.7
4.7%
U.S. assets under management (2)
$8.7
$7.7
13.0%
$5.7
52.6%
Total assets under management
$145.4
$146.4
-0.7%
$136.4
6.6%
Canadian wealth management
$78.5
$78.7
-0.3%
$69.5
12.9%
U.S. wealth management (2)
$146.2
$147.4
-0.8%
$30.5
379.3%
Total wealth management
$224.7
$226.1
-0.6%
$100.0
124.7%
TOTAL
$370.2
$372.5
-0.6%
$236.4
56.6%
CORE AVERAGE AUM
February
2022
January
2022
December
2021
Fiscal 2021
% Change
Monthly average
$138.3
$140.6
--
--
-1.6%
Quarter-to-date average
$139.5
--
$143.0
--
-2.4%
Year-to-date average
$139.5
--
--
$137.9
1.2%
(1)
Includes $34.7 billion of assets managed
by CI and held by clients of advisors with Assante, CIPC and
Aligned Capital as at February 28, 2022 ($35.1 billion at January
31, 2022 and $32.1 billion at February 28, 2021).
(2)
Month-end USD/CAD exchange rates of
1.2675, 1.2708 and 1.2738 for February 2022, January 2022, and
February 2021, respectively.
About CI Financial CI Financial Corp. is an integrated
global wealth and asset management company. CI’s primary asset
management businesses are CI Global Asset Management (CI
Investments Inc.) and GSFM Pty Ltd., and it operates in Canadian
wealth management through CI Assante Wealth Management (Assante
Wealth Management (Canada) Ltd.), CI Private Counsel LP, Aligned
Capital Partners Inc., CI Direct Investing (WealthBar Financial
Services Inc.), and CI Investment Services Inc.
CI’s U.S. wealth management businesses consist of Barrett Asset
Management, LLC, Balasa Dinverno Foltz LLC, BRR OpCo, LLC, Bowling
Portfolio Management LLC, Brightworth, LLC, The Cabana Group, LLC,
CPWM, LLC, Congress Wealth Management LLC, Dowling & Yahnke,
LLC, Doyle Wealth Management, LLC, Gofen & Glossberg, LLC,
Matrix Capital Advisors, LLC, McCutchen Group LLC, OCM Capital
Partners, LLC, Portola Partners Group LLC, Radnor Financial
Advisors, LLC, RegentAtlantic Capital, LLC, The Roosevelt
Investment Group, LLC, RGT Wealth Advisors, LLC, R.H. Bluestein
& Co., Segall Bryant & Hamill, LLC, Stavis & Cohen
Private Wealth, LLC, and Surevest LLC.
CI is listed on the Toronto Stock Exchange under CIX and on the
New York Stock Exchange under CIXX. Further information is
available at www.cifinancial.com.
This press release contains forward-looking statements
concerning anticipated future events, results, circumstances,
performance or expectations with respect to CI Financial Corp.
(“CI”) and its products and services, including its business
operations, strategy and financial performance and condition.
Forward-looking statements are typically identified by words such
as “believe”, “expect”, “foresee”, “forecast”, “anticipate”,
“intend”, “estimate”, “goal”, “plan” and “project” and similar
references to future periods, or conditional verbs such as “will”,
“may”, “should”, “could” or “would”. These statements are not
historical facts but instead represent management beliefs regarding
future events, many of which by their nature are inherently
uncertain and beyond management’s control. Although management
believes that the expectations reflected in such forward-looking
statements are based on reasonable assumptions, such statements
involve risks and uncertainties. The material factors and
assumptions applied in reaching the conclusions contained in these
forward-looking statements include that all announced acquisitions
will be completed, that the investment fund industry will remain
stable and that interest rates will remain relatively stable.
Factors that could cause actual results to differ materially from
expectations include, among other things, general economic and
market conditions, including interest and foreign exchange rates,
global financial markets, changes in government regulations or in
tax laws, industry competition, technological developments and
other factors described or discussed in CI’s disclosure materials
filed with applicable securities regulatory authorities from time
to time. The foregoing list is not exhaustive and the reader is
cautioned to consider these and other factors carefully and not to
place undue reliance on forward- looking statements. Other than as
specifically required by applicable law, CI undertakes no
obligation to update or alter any forward-looking statement after
the date on which it is made, whether to reflect new information,
future events or otherwise.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20220315006112/en/
Investor Relations Jason Weyeneth, CFA Vice-President,
Investor Relations & Strategy 416-681-8779 jweyeneth@ci.com
Media Relations Canada Murray Oxby Vice-President,
Communications 416-681-3254 moxby@ci.com
United States Trevor Davis, Gregory FCA for CI Financial
610-415-1145 cifinancial@gregoryfca.com
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