CI Financial Corp. (“CI”) (TSX: CIX) today reported preliminary total assets of $431.9 billion as at August 31, 2023, consisting of asset management assets of $122.7 billion, Canadian wealth management assets of $83.7 billion, Canadian custody assets of $23.9 billion, and U.S. wealth management assets of $201.6 billion.
CI FINANCIAL CORP.
| |||||
ENDING ASSETS | August
| July
| % Change | August
| % Change |
Asset management (1) | $122.7 | $123.7 | -0.8% | $119.0 | 3.1% |
Canada wealth management | $83.7 | $83.9 | -0.2% | $76.5 | 9.4% |
Canada custody (2) | $23.9 | $23.5 | 1.7% | $6.6 | 262.1% |
U.S. wealth management (3) | $201.6 | $199.2 | 1.2% | $150.4 | 34.0% |
TOTAL ASSETS | $431.9 | $430.3 | 0.4% | $352.5 | 22.5% |
ASSET MANAGEMENT – AVERAGE AUM | August
| July
| June
| Fiscal
| % Change |
Monthly average | $122.2 | $122.8 | - | - | -0.5% |
Quarter-to-date average | $122.5 | - | $122.1 | - | 0.3% |
Year-to-date average | $122.1 | - | - | $125.0 | -2.3% |
- Includes $33.0 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 August 31, 2023 ($33.3 billion at July 31, 2023 and $31.7 billion at August 31, 2022).
- Includes $20.1 billion of assets advised by CI and held by clients of advisors with Assante, CIPC, CI Direct Investing and Aligned Capital as at August 31, 2023 ($19.7 billion at July 31, 2023 and $4.3 billion at August 31, 2022). 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 1.3512, 1.3186 and 1.3134 for August 2023, July 2023 and August 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 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/20230927999744/en/