TORONTO--(BUSINESS WIRE)--December 22, 2022--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 $183.3 billion.
On November 10, 2022, CI completed the acquisition of Kore Private Wealth, LLC, a New York City-based registered investment advisor that focuses on meeting the unique and complex needs of ultra-high-net-worth individuals and families through comprehensive, interdisciplinary wealth management services. The firm now operates under the name CI Kore Private Wealth.
CI FINANCIAL CORP.
November 30, 2022
PRELIMINARY MONTH-END ASSETS (C$ Billions) |
ENDING ASSETS | November
2022 | October
2022 | % Change | November
2021 | % Change |
Asset management (1) | $121.7 | $116.4 | 4.6% | $141.8 | -14.2% |
Canada wealth management | $79.9 | $76.2 | 4.9% | $78.6 | 1.7% |
U.S. wealth management (2) | $183.3 | $171.9 | 6.6% | $110.1 | 66.5% |
TOTAL ASSETS | $384.9 | $364.4 | 5.6% | $330.5 | 16.5% |
|
|
|
|
| |
ASSET MANAGEMENT –
AVERAGE AUM | November
2022 | October
2022 | September
2022 | Fiscal
2021 | % Change |
Monthly average | $118.3 | $114.8 | - | - | 3.0% |
Quarter-to-date average | $116.6 | - | $119.1 | - | -2.1% |
Year-to-date average | $125.5 | - | - | $137.9 | -9.0% |
- 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).
- 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:
- Asset Management, which includes the operations of CI Global Asset Management and Australia-based GSFM 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 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.
