CI Financial Corp. ("CI") (TSX: CIX) today reported preliminary total assets of $438.0 billion as at November 30, 2023, consisting of asset management assets of $122.8 billion, Canadian wealth management assets of $86.1 billion, Canadian custody assets of $24.8 billion, and U.S. wealth management assets of $204.4 billion.
As previously announced, CI completed the acquisition of Coriel Capital Inc., a Montreal-based wealth management firm serving ultra-high-net-worth families, in November.
CI FINANCIAL CORP. November 30, 2023 PRELIMINARY MONTH-END ASSETS (C$ Billions) |
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ENDING ASSETS |
November 2023 |
October 2023 |
% Change |
November 2022 |
% Change |
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Asset management (1) |
$122.8 |
$117.1 |
4.9% |
$121.7 |
0.9% |
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Canada wealth management |
$86.1 |
$80.7 |
6.7% |
$79.9 |
7.8% |
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Canada custody (2) |
$24.8 |
$23.4 |
6.0% |
$7.2 |
244.4% |
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U.S. wealth management (3) |
$204.4 |
$199.5 |
2.5% |
$183.3 |
11.5% |
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TOTAL ASSETS |
$438.0 |
$420.7 |
4.1% |
$392.1 |
11.7% |
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ASSET MANAGEMENT ? AVERAGE AUM |
November 2023 |
October 2023 |
September 2023 |
Fiscal 2022 |
% Change |
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Monthly average |
$121.1 |
$118.0 |
- |
- |
2.6% |
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Quarter-to-date average |
$119.5 |
- |
$122.1 |
- |
-2.1% |
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Year-to-date average |
$121.6 |
- |
- |
$125.0 |
-2.7% |
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:
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.