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CI Financial Corp reported preliminary total assets of $349.6 billion as of May 31, 2022. This includes $124.3 billion in assets under management, $78.2 billion in Canadian wealth management, and $147.2 billion in U.S. wealth management. Compared to April 2022, total assets declined by -1.8%, while year-over-year, total assets increased by 23.9%.
Asset management saw a -3.2% decrease from April 2022 and -8.7% from May 2021.
Positive
Total assets increased by 23.9% compared to May 2021.
U.S. wealth management assets remained significant at $147.2 billion.
Negative
Total assets declined by 1.8% compared to April 2022.
Assets under management decreased by 3.2% from April 2022 and 8.7% from May 2021.
Canadian wealth management assets decreased by 0.1% from April 2022.
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 $349.6 billion as at May 31, 2022, consisting of assets under management of $124.3 billion, Canadian wealth management assets of $78.2 billion, and U.S. wealth management assets of $147.2 billion.
CI FINANCIAL CORP.
May 31, 2022
PRELIMINARY MONTH-END ASSETS (C$ Billions)
ENDING ASSETS
May
2022
April
2022
% Change
May
2021
% Change
Asset management (1)
$124.3
$128.4
-3.2%
$136.1
-8.7%
Canada wealth management
$78.2
$78.3
-0.1%
$73.4
6.5%
U.S. wealth management (2)
$147.2
$149.3
-1.4%
$72.8
102.2%
TOTAL ASSETS
$349.6
$356.0
-1.8%
$282.2
23.9%
AVERAGE AUM
May
2022
April
2022
March
2022
Fiscal
2021
% Change
Monthly average
$123.7
$133.3
-
-
-7.2%
Quarter-to-date average
$128.4
-
$138.2
-
-7.1%
Year-to-date average
$134.2
-
-
$137.9
-2.7%
Includes $32.7 billion of assets managed by CI and held by clients of advisors with Assante, CIPC and Aligned Capital as at May 31, 2022 ($33.0 billion at April 30, 2022 and $33.8 billion at May 31, 2021).
Month-end USD/CAD exchange rates of 1.2648, 1.2848 and 1.2064 for May 2022, April 2022 and May 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.
