CI Financial Reports Total Assets of $364.3 Billion for October 2022
CI Financial Corp reported preliminary total assets of
- Total assets rose to $364.3 billion, up 7.8% from September 2022.
- U.S. wealth management assets increased by 14.8% to $171.9 billion.
- Completed two U.S. acquisitions, enhancing growth potential.
- Asset management assets down 18.5% year-over-year from $142.7 billion.
- Monthly average AUM declined by 2.2% compared to October 2021.
All financial amounts in Canadian dollars unless stated otherwise.
In October, CI completed two
PRELIMINARY MONTH-END ASSETS (C$ Billions) |
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ASSET MANAGEMENT – AVERAGE AUM |
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Includes
of assets managed by CI and held by clients of advisors with Assante,$31.1 billion CIPC and Aligned Capital as atOctober 31, 2022 ( at$30.4 billion September 30, 2022 and at$35.4 billion October 31 , 2021). -
Month-end USD/CAD exchange rates of 1.3623, 1.3813 and 1.2388 for
October 2022 ,September 2022 andOctober 2021 , respectively.
About
CI operates in three segments:
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Asset Management, which includes the operations of
CI Global Asset Management andAustralia -basedGSFM 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
CI Global Asset Management is a registered business name of CI Investments Inc., a wholly owned subsidiary of
View source version on businesswire.com: https://www.businesswire.com/news/home/20221114005396/en/
Investor Relations
Vice-President, Investor Relations & Strategy
416-681-8779
jweyeneth@ci.com
Media Relations
Vice-President, Corporate Communications
416-681-3254
moxby@ci.com
Managing Partner, StreetCred
610-304-4570
jimmy@streetcredpr.com
ci@streetcredpr.com
Source:
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