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CI Financial Corp (CIXX) reported preliminary total assets of $345.9 billion as of August 31, 2022. This figure includes $119.0 billion in asset management, $76.6 billion in Canadian wealth management, and $150.4 billion in U.S. wealth management. Compared to July 2022, total assets decreased by 0.7%, while year-over-year growth shows a 10.3% increase from $313.5 billion in August 2021. The average assets under management (AUM) for August 2022 stood at $121.9 billion, indicating a 3.5% rise from July 2022.
Positive
Total assets increased by 10.3% year-over-year
U.S. wealth management assets grew by 0.5% compared to July 2022
Average AUM for August 2022 reached $121.9 billion, a 3.5% increase from July 2022
Negative
Total assets decreased by 0.7% from July 2022
Asset management assets fell by 2.0% from July 2022 and 16.7% year-over-year
Canadian wealth management assets declined by 1.0% compared to July 2022 and 2.3% year-over-year
All financial amounts in Canadian dollars unless stated otherwise.
TORONTO--(BUSINESS WIRE)--
CI Financial Corp. (“CI”) (TSX: CIX, NYSE: CIXX) today reported preliminary total assets of $345.9 billion as at August 31, 2022, consisting of asset management assets of $119.0 billion, Canadian wealth management assets of $76.6 billion, and U.S. wealth management assets of $150.4 billion.
CI FINANCIAL CORP.
August 31, 2022
PRELIMINARY MONTH-END ASSETS (C$ Billions)
ENDING ASSETS
August
2022
July
2022
% Change
August
2021
% Change
Asset management (1)
$119.0
$121.4
-2.0%
$142.9
-16.7%
Canada wealth management
$76.6
$77.4
-1.0%
$78.4
-2.3%
U.S. wealth management (2)
$150.4
$149.7
0.5%
$92.1
63.3%
TOTAL ASSETS
$345.9
$348.4
-0.7%
$313.5
10.3%
AVERAGE AUM
August
2022
July
2022
June
2022
Fiscal
2021
% Change
Monthly average
$121.9
$117.8
-
-
3.5%
Quarter-to-date average
$119.8
-
$125.4
-
-4.5%
Year-to-date average
$128.7
-
-
$137.9
-6.7%
Includes $31.7 billion of assets managed by CI and held by clients of advisors with Assante, CIPC and Aligned Capital as at August 31, 2022 ($32.3 billion at July 31, 2022 and $35.4 billion at August 31, 2021).
Month-end USD/CAD exchange rates of 1.3134, 1.2806 and 1.2619 for August 2022, July 2022 and August 2021, respectively.
About CI Financial
CI Financial Corp. is an integrated global wealth and asset management company. CI’s primary asset management businesses are CI Global Asset Management (CI Investments Inc.) and GSFM Pty Ltd., and it operates in Canadian wealth management through CI Assante Wealth Management (Assante Wealth Management (Canada) Ltd.), CI Private Counsel LP, Aligned Capital Partners Inc., Northwood Family Office Ltd., CI Direct Investing (WealthBar Financial Services Inc.), and CI Investment Services Inc.
CI’s U.S. wealth management businesses consist of Barrett Asset Management, LLC, Balasa Dinverno Foltz LLC, Bowling Portfolio Management LLC, Brightworth, LLC, BRR OpCo, LLC (Budros, Ruhlin & Roe), The Cabana Group, LLC, Corient Capital Partners, LLC, CPWM, LLC (Columbia Pacific Wealth Management), Columbia Pacific Advisors, LLC, Congress Wealth Management LLC, Dowling & Yahnke, LLC, Doyle Wealth Management, LLC, Galapagos Partners, LP, GLASfunds, LLC, Gofen & Glossberg, LLC, Matrix Capital Advisors, LLC, McCutchen Group LLC, OCM Capital Partners, LLC, Portola Partners Group LLC, Radnor Financial Advisors, LLC, RegentAtlantic Capital, LLC, The Roosevelt Investment Group, LLC, RGT Wealth Advisors, LLC, R.H. Bluestein & Co., Segall Bryant & Hamill, LLC, Stavis & Cohen Private Wealth, LLC, and Surevest LLC.
CI is listed on the Toronto Stock Exchange under CIX and on the New York Stock Exchange under CIXX. Further information is available at www.cifinancial.com.
CI Global Asset Management is a registered business name of CI Investments Inc., a wholly owned subsidiary of CI Financial Corp.
