CI Financial Reports Total Assets of $489.1 Billion for June 2024
17 Julio 2024 - 6:00AM
Business Wire
All financial amounts in Canadian dollars unless stated
otherwise.
CI Financial Corp. (“CI”) (TSX: CIX) today reported preliminary
total assets of $489.1 billion as at June 30, 2024, consisting of
asset management assets of $130.1 billion, Canadian wealth
management assets of $95.6 billion, Canadian custody assets of
$29.4 billion, and U.S. wealth management assets of $234.1
billion.
CI FINANCIAL CORP.
June 30, 2024
PRELIMINARY MONTH-END ASSETS
(C$ Billions)
ENDING ASSETS
June
2024
May
2024
% Change
June
2023
% Change
Asset management (1)
$130.1
$129.5
0.5%
$122.4
6.3%
Canada wealth management
$95.6
$94.1
1.7%
$82.6
15.8%
Canada custody (2)
$29.4
$28.6
2.5%
$9.1
220.8%
U.S. wealth management (3)
$234.1
$230.1
1.7%
$194.0
20.7%
TOTAL ASSETS
$489.1
$482.2
1.4%
$408.1
19.9%
U.S. wealth management from above in USD
(3)
$171.1
$168.8
1.4%
$146.5
16.8%
ASSET MANAGEMENT – AVERAGE AUM
June
2024
May
2024
March
2024
Fiscal
2023
% Change
Monthly average
$130.3
$129.3
-
-
0.7%
Quarter-to-date average
$129.2
-
$126.8
-
1.9%
Year-to-date average
$128.0
-
-
$122.0
4.9%
PRELIMINARY QUARTER-END SALES
RESULTS (C$ Billions)
Asset Management
2Q24
1Q24
4Q23
3Q23
2Q23
Canadian retail
$ (0.3)
$ (1.3)
$ (0.4)
$ (0.1)
-
Canadian institutional
$ (0.0)
$ 0.0
-
$ (0.1)
-
Australian asset management
$ (0.0)
$ (0.1)
$ 0.2
$ (0.1)
$ 0.1
Closed business
$ (0.2)
$ (0.2)
$ (0.2)
$ (0.2)
$ (0.2)
Asset management segment
$ (0.6)
$ (1.6)
$ (0.4)
$ (0.5)
$ (0.1)
U.S. asset management (4)
$ 0.7
$ 0.1
$ (0.1)
-
$ (0.3)
PRELIMINARY ASSET MANAGEMENT
SEGMENT FEE RATE
2Q24
1Q24
4Q23
3Q23
2Q23
Net management fees/average AUM (bps)
80.4
81.0
81.2
83.8
84.6
- Includes $34.7 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 June 30, 2024
($34.0 billion at May 31, 2024 and $32.8 billion at June 30,
2023).
- Includes $25.6 billion of assets advised by CI and held by
clients of advisors with Assante, CIPC, CI Direct Investing and
Aligned Capital as at June 30, 2024 ($25.0 billion at May 31, 2024
and $5.4 billion at June 30, 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 1.3680, 1.33629 and 1.3248
for June 2024, May 2024, and June 2023, respectively.
- Includes 100% of inflows from CI’s minority investments in
Columbia Pacific Advisors, OCM Capital Partners, The Cabana Group
and GLASfunds Holdings.
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, which operates in
Australia.
- Canadian Wealth Management, which includes the operations of CI
Assante Wealth Management, Aligned Capital Partners, CI Private
Wealth, Northwood Family Office, Coriel Capital, 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.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20240717280818/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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