All financial amounts in Canadian dollars unless stated otherwise.
TORONTO--(BUSINESS WIRE)--
CI Financial Corp
. (“CI”) (TSX: CIX) today reported preliminary total assets of $509.2 billion as at August 31, 2024, consisting of asset management assets of $133.1 billion, Canadian wealth management assets of $98.5 billion, Canadian custody assets of $31.0 billion, and U.S. wealth management assets of $246.5 billion.
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CI FINANCIAL CORP.
August 31, 2024
PRELIMINARY MONTH-END ASSETS
(C$ Billions)
|
|
ENDING ASSETS
|
August
2024
|
July
2024
|
% Change
|
August
2023
|
% Change
|
|
Asset management
(1)
|
$133.1
|
$133.3
|
-0.1%
|
$122.7
|
8.5%
|
|
Canada wealth management
|
$98.5
|
$98.2
|
0.3%
|
$83.7
|
17.7%
|
|
Canada custody
(2)
|
$31.0
|
$30.3
|
2.0%
|
$23.9
|
29.7%
|
|
U.S. wealth management
(3)
|
$246.5
|
$249.4
|
-1.1%
|
$201.6
|
22.3%
|
|
TOTAL ASSETS
|
$509.2
|
$511.3
|
-0.4%
|
$431.9
|
17.9%
|
|
|
|
|
|
|
|
|
U.S. wealth management from above in USD
(3)
|
$182.9
|
$180.6
|
1.3%
|
$149.2
|
22.6%
|
|
ASSET MANAGEMENT –
AVERAGE AUM
|
August
2024
|
July
2024
|
July
2024
|
Fiscal
2023
|
% Change
|
|
Monthly average
|
$131.9
|
$131.9
|
-
|
-
|
0.0%
|
|
Quarter-to-date average
|
$131.9
|
-
|
$129.2
|
-
|
2.1%
|
|
Year-to-date average
|
$129.0
|
-
|
-
|
$122.1
|
5.6%
|
|
1.
|
Includes $35.6 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 August 31, 2024 ($35.6 billion at July 31, 2024 and $33.0 billion at August 31, 2023).
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2.
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Includes $26.6 billion of assets advised by CI and held by clients of advisors with Assante, CIPC, CI Direct Investing and Aligned Capital as at August 31, 2024 ($26.1 billion at July 31, 2024 and $20.1 billion at August 31, 2023).
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3.
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Month-end USD/CAD exchange rates of 1.3477, 1.3807 and 1.3512 for August 2024, July 2024, and August 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.