CI Financial Reports Record Total Assets of $391.6 Billion for January 2023
CI Financial Corp. (“CI”) (TSX: CIX) today reported preliminary total assets of $391.6 billion as at January 31, 2023, a record for the company. The total consisted of asset management assets of $123.4 billion, Canadian wealth management assets of $81.4 billion, and U.S. wealth management assets of $186.7 billion.
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CI FINANCIAL CORP. January 31, 2023 PRELIMINARY MONTH-END ASSETS (C$ Billions) |
|||||
|
ENDING ASSETS |
January 2023 |
December 2022 |
% Change |
January 2022 |
% Change |
|
Asset management (1) |
$123.4 |
$117.8 |
4.8% |
$138.7 |
-11.0% |
|
Canada wealth management |
$81.4 |
$77.4 |
5.2% |
$78.7 |
3.4% |
|
U.S. wealth management (2) |
$186.7 |
$180.6 |
3.4% |
$147.4 |
26.7% |
|
TOTAL ASSETS |
$391.6 |
$375.8 |
4.2% |
$364.9 |
7.3% |
|
ASSET MANAGEMENT – AVERAGE AUM |
January 2023 |
December 2022 |
December 2022 |
Fiscal
|
% Change |
|
Monthly average |
$121.5 |
$119.8 |
- |
- |
1.4% |
|
Quarter-to-date average |
$121.5 |
- |
$117.7 |
- |
3.2% |
|
Year-to-date average |
$121.5 |
- |
- |
$125.0 |
-2.8% |
- Includes $33.4 billion of assets managed by CI and held by clients of advisors with Assante, CIPC and Aligned Capital as at January 31, 2023 ($31.9 billion at December 31, 2022 and $35.1 billion at January 31, 2022).
- Month-end USD/CAD exchange rates of 1.3417, 1.3540 and 1.2708 for January 2023, December 2022 and January 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 the operations of CI Global Asset Management and Australia-based GSFM Pty Ltd.
- 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 US, a national network of best-in-class wealth management teams.
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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