CI Financial Reports Total Assets of $364.3 Billion for October 2022
14 Noviembre 2022 - 6:00AM
Business Wire
All financial amounts in Canadian dollars unless stated
otherwise.
CI Financial Corp. (“CI”) (TSX: CIX, NYSE: CIXX) today reported
preliminary total assets of $364.3 billion as at October 31, 2022,
consisting of asset management assets of $116.3 billion, Canadian
wealth management assets of $76.2 billion, and U.S. wealth
management assets of $171.9 billion.
In October, CI completed two U.S. acquisitions: the Boston-based
team and assets of Eaton Vance WaterOak Advisors, which is now
known as CI Eaton Private Wealth, and Inverness Counsel, LLC of New
York, which has been rebranded CI Inverness Private Wealth.
CI FINANCIAL CORP.
October 31, 2022
PRELIMINARY MONTH-END ASSETS
(C$ Billions)
ENDING ASSETS
October 2022
September 2022
% Change
October 2021
% Change
Asset management (1)
$116.3
$114.2
1.8%
$142.7
-18.5%
Canada wealth management
$76.2
$74.0
3.0%
$79.3
-3.9%
U.S. wealth management (2)
$171.9
$149.8
14.8%
$102.3
68.0%
TOTAL ASSETS
$364.3
$338.0
7.8%
$324.3
12.3%
ASSET MANAGEMENT – AVERAGE AUM
October 2022
September 2022
September 2022
Fiscal 2021
% Change
Monthly average
$114.8
$117.4
-
-
-2.2%
Quarter-to-date average
$114.8
-
$119.1
-
-3.6%
Year-to-date average
$126.2
-
-
$137.9
-8.5%
- Includes $31.1 billion of assets managed by CI and held by
clients of advisors with Assante, CIPC and Aligned Capital as at
October 31, 2022 ($30.4 billion at September 30, 2022 and $35.4
billion at October 31, 2021).
- Month-end USD/CAD exchange rates of 1.3623, 1.3813 and 1.2388
for October 2022, September 2022 and October 2021,
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) and the New York Stock Exchange (NYSE: CIXX).
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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version on businesswire.com: https://www.businesswire.com/news/home/20221114005396/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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