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 $186.7 billion.
CI FINANCIAL CORP.
January 31, 2023
PRELIMINARY MONTH-END ASSETS (C$ 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
2022
% 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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