All financial amounts in Canadian dollars unless stated otherwise.
TORONTO--(BUSINESS WIRE)--
CI Financial Corp. (“CI”) (TSX: CIX) today reported preliminary total assets of $467.9 billion as at April 30, 2024, consisting of asset management assets of $126.8 billion, Canadian wealth management assets of $92.3 billion, Canadian custody assets of $27.7 billion, and U.S. wealth management assets of $221.2 billion.
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CI FINANCIAL CORP.
April 30, 2024
PRELIMINARY MONTH-END ASSETS (C$ Billions)
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ENDING ASSETS
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April
2024
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March
2024
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% Change
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April
2023
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% Change
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Asset management (1)
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$126.8
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$130.1
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-2.6%
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$123.4
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2.7%
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Canada wealth management
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$92.3
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$93.7
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-1.6%
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$82.6
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11.7%
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Canada custody (2)
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$27.7
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$28.0
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-1.1%
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$8.9
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211.4%
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U.S. wealth management (3)
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$221.2
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$222.3
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-0.5%
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$188.9
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17.1%
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TOTAL ASSETS
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$467.9
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$474.2
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-1.3 %
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$399.7
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15.9%
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U.S. wealth management from above in USD (3)
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$160.7
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$164.1
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-2.1%
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$139.4
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15.2%
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ASSET MANAGEMENT –
AVERAGE AUM
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April
2024
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March
2024
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March
2024
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Fiscal
2023
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% Change
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Monthly average
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$128.1
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$129.3
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-
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-
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-0.9%
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Quarter-to-date average
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$128.1
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-
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$126.8
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-
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1.1%
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Year-to-date average
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$127.1
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-
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-
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$122.1
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4.1%
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1.
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Includes $33.6 billion of assets managed by CI and held by clients of advisors with CI Assante Wealth Management, CI Private Counsel (CIPC) and Aligned Capital Partners as at April 30, 2024 ($34.4 billion at March 31, 2024 and $31.2 billion at April 30, 2023).
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2.
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Includes $24.2 billion of assets advised by CI and held by clients of advisors with Assante, CIPC, CI Direct Investing and Aligned Capital as at April 30, 2024 ($24.5 billion at March 31, 2024 and $5.2 billion at April 30, 2023). Prior to July 2023, custody assets were historically not included as part of reported assets for Canada wealth management or consolidated total assets.
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3.
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Month-end USD/CAD exchange rates of 1.3766, 1.3546 and 1.3548 for April 2024, March 2024 and April 2023, respectively.
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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 CI Global Asset Management, which operates in Canada, and GSFM, which operates in Australia.
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Canadian Wealth Management, which includes the operations of CI Assante Wealth Management, Aligned Capital Partners, CI Private Wealth, Northwood Family Office, Coriel Capital, CI Direct Investing and CI Investment Services.
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U.S. Wealth Management, which includes Corient Private Wealth, an integrated wealth management firm providing comprehensive solutions to ultra-high-net-worth and high-net-worth clients across the United States.
CI is headquartered in Toronto and listed on the Toronto Stock Exchange (TSX: CIX). 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.