CI Financial Reports Record Total Assets of $394.9 Billion for April 2023
CI Financial Corp. (“CI”) (TSX: CIX) today reported preliminary total assets of $394.9 billion as at April 30, 2023, a record for CI. The total consisted of asset management assets of $123.4 billion, Canadian wealth management assets of $82.6 billion, and U.S. wealth management assets of $188.9 billion.
CI FINANCIAL CORP.
April 30, 2023
PRELIMINARY MONTH-END ASSETS (C$ Billions)
ENDING ASSETS
April
2023
March
2023
% Change
April
2022
% Change
Asset management (1)
$123.4
$122.0
1.1%
$128.4
-3.9%
Canada wealth management
$82.6
$81.6
1.2%
$78.3
5.5%
U.S. wealth management (2)
$188.9
$187.5
0.7%
$149.3
26.5%
TOTAL ASSETS
$394.9
$391.1
1.0%
$356.0
10.9%
ASSET MANAGEMENT – AVERAGE AUM
April
2023
March
2023
March
2023
Fiscal
2022
% Change
Monthly average
$122.6
$121.2
-
-
1.2%
Quarter-to-date average
$122.6
-
$121.9
-
0.6%
Year-to-date average
$122.1
-
-
$125.0
-2.3%
Includes $33.2 billion of assets managed by CI and held by clients of advisors with Assante, CIPC and Aligned Capital as at April 30, 2023 ($33.0 billion at March 31, 2023 and $33.0 billion at April 30, 2022). Month-end USD/CAD exchange rates of 1.3548, 1.3515 and 1.2848 for April 2023, March 2023 and April 2022, 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, CI Direct Investing and CI Investment Services. U.S. Wealth Management, which includes CI Private Wealth (U.S.), 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.
View source version on businesswire.com: https://www.businesswire.com/news/home/20230523005077/en/