CI Financial Reports Total Assets of $348.5 Billion for July 2022

Rhea-AI Summary

CI Financial Corp. reported preliminary total assets of $348.5 billion as of July 31, 2022, reflecting a 4.4% increase from $333.7 billion in June 2022. Major asset classifications include $121.5 billion in asset management, $77.3 billion in Canadian wealth management, and $149.7 billion in U.S. wealth management. Year-over-year, total assets rose 15.2% from $302.6 billion in July 2021. The company's average AUM for July 2022 stood at $117.8 billion, depicting a -1.1% decrease from the previous month.

Positive

• Total assets increased to $348.5 billion, a 4.4% growth from June 2022.
• Year-over-year total assets rose by 15.2% compared to July 2021.
• Asset management assets grew by 4.7% from June 2022.

Negative

• Average AUM decreased by 1.1% compared to the previous month.
• July 2022 AUM down 5.9% from fiscal 2021 average.

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 $348.5 billion as at July 31, 2022, consisting of asset management assets of $121.5 billion, Canadian wealth management assets of $77.3 billion, and U.S. wealth management assets of $149.7 billion.

CI FINANCIAL CORP. July 31, 2022 PRELIMINARY MONTH-END ASSETS (C$ Billions)
ENDING ASSETS	July 2022	June 2022	% Change	July 2021	% Change
Asset management (1)	$121.5	$116.1	4.7%	$140.0	-13.2%
Canada wealth management	$77.3	$74.1	4.3%	$76.3	1.3%
U.S. wealth management(2)	$149.7	$143.5	4.3%	$86.2	73.7%
TOTAL ASSETS	$348.5	$333.7	4.4%	$302.6	15.2%

AVERAGE AUM	July 2022	June 2022	June 2022	Fiscal 2021	% Change
Monthly average	$117.8	$119.1	-	-	-1.1%
Quarter-to-date average	$117.8	-	$125.4	-	-6.1%
Year-to-date average	$129.7	-	-	$137.9	-5.9%

1. Includes $32.3 billion of assets managed by CI and held by clients of advisors with Assante, CIPC and Aligned Capital as at July 31, 2022 ($30.8 billion at June 30, 2022 and $34.8 billion at July 31, 2021).
2. Month-end USD/CAD exchange rates of 1.2806, 1.2872 and 1.2475 for July 2022, June 2022 and July 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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220815005108/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

Source: CI Financial Corp.

FAQ

What were the total assets of CI Financial Corp. as of July 31, 2022?

CI Financial Corp. reported total assets of $348.5 billion as of July 31, 2022.

How much did CI Financial's asset management assets grow in July 2022?

Asset management assets grew by 4.7% from June 2022, reaching $121.5 billion.

What is the year-over-year growth of total assets for CI Financial?

Total assets increased by 15.2% from $302.6 billion in July 2021.

What was the average AUM for CI Financial in July 2022?

The average AUM for July 2022 was $117.8 billion, a decrease of 1.1% from the previous month.