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 $384.9 billion as at November 30, 2022, an all-time month-end high for the company. The total consisted of asset management assets of $121.7 billion, Canadian wealth management assets of $79.9 billion, and U.S. wealth management assets of $183.3 billion.
On November 10, 2022, CI completed the acquisition of Kore Private Wealth, LLC, a New York City-based registered investment advisor that focuses on meeting the unique and complex needs of ultra-high-net-worth individuals and families through comprehensive, interdisciplinary wealth management services. The firm now operates under the name CI Kore Private Wealth.
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CI FINANCIAL CORP.
November 30, 2022
PRELIMINARY MONTH-END ASSETS (C$ Billions)
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ENDING ASSETS
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November
2022
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October
2022
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% Change
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November
2021
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% Change
|
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Asset management (1)
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$121.7
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$116.4
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4.6%
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$141.8
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-14.2%
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Canada wealth management
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$79.9
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$76.2
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4.9%
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$78.6
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1.7%
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U.S. wealth management (2)
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$183.3
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$171.9
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6.6%
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$110.1
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66.5%
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TOTAL ASSETS
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$384.9
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$364.4
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5.6%
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$330.5
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16.5%
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|
|
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|
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|
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ASSET MANAGEMENT –
AVERAGE AUM
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November
2022
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October
2022
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September
2022
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Fiscal
2021
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% Change
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Monthly average
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$118.3
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$114.8
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-
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-
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3.0%
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Quarter-to-date average
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$116.6
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-
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$119.1
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-
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-2.1%
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Year-to-date average
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$125.5
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-
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-
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$137.9
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-9.0%
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Includes $32.6 billion of assets managed by CI and held by clients of advisors with Assante, CIPC and Aligned Capital as at November 30, 2022 ($31.1 billion at October 31, 2022 and $35.3 billion at November 30, 2021).
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Month-end USD/CAD exchange rates of 1.3452, 1.3623 and 1.2779 for November 2022, October 2022 and November 2021, 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:
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Asset Management, which includes the operations of CI Global Asset Management and Australia-based GSFM Pty Ltd.
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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.
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U.S. Wealth Management, which includes CI Private Wealth US, a national network of best-in-class wealth management teams.
CI is headquartered in Toronto and listed on the Toronto Stock Exchange (TSX: CIX) and the New York Stock Exchange (NYSE: CIXX). 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.
Source: CI Financial Corp.