CI Financial Reports Total Assets of $465.9 Billion for February 2024

All financial amounts in Canadian dollars unless stated otherwise.

CI Financial Corp. (“CI”) (TSX: CIX) today reported preliminary total assets of $465.9 billion as at February 29, 2024, consisting of asset management assets of $128.0 billion, Canadian wealth management assets of $91.9 billion, Canadian custody assets of $27.1 billion, and U.S. wealth management assets of $218.9 billion.

CI FINANCIAL CORP. February 29, 2024 PRELIMINARY MONTH-END ASSETS (C$ Billions)

ENDING ASSETS

February 2024

January 2024

% Change

February 2023

% Change

Asset management (1)

$128.0

$124.8

2.6%

$121.9

5.0%

Canada wealth management

$91.9

$89.2

3.0%

$81.1

13.3%

Canada custody (2)

$27.1

$26.0

4.1%

$8.4

222.6%

U.S. wealth management (3)

$218.9

$210.7

3.9%

$186.4

17.4%

TOTAL ASSETS

$465.9

$450.8

3.3%

$397.8

17.1%

 

 

 

 

 

 

U.S. wealth management from above in USD (3)

$161.3

$156.7

2.9%

$136.5

18.1%

ASSET MANAGEMENT – AVERAGE AUM

February 2024

January 2024

November 2023

Fiscal 2023

% Change

Monthly average

$126.4

$124.6

-

-

1.4%

Quarter-to-date average

$125.5

-

$119.5

-

5.0%

Year-to-date average

$125.5

-

-

$122.3

2.6%

1. Includes $33.9 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 February 29, 2024 ($33.2 billion at January 31, 2024 and $32.9 billion at February 28, 2023).
2. Includes $23.8 billion of assets advised by CI and held by clients of advisors with Assante, CIPC, CI Direct Investing and Aligned Capital as at February 29, 2024 ($23.0 billion at January 31, 2024 and $4.9 billion at February 28, 2023). Prior to July 2023, custody assets were historically not included as part of reported assets for Canada wealth management or consolidated total assets.
3. Month-end USD/CAD exchange rates of 1.3572, 1.3445 and 1.3645 for February 2024, January 2024 and February 2023, 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 CI Global Asset Management, which operates in Canada, and GSFM Funds Management, which operates in Australia.
• 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.
• 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.

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Investor Relations Jason Weyeneth, CFA Vice-President, Investor Relations & Strategy 416-681-8779 [e-mail]

Media Relations Canada Murray Oxby Vice-President, Corporate Communications 416-681-3254 [e-mail]

United States Jimmy Moock Managing Partner, StreetCred 610-304-4570 [e-mail] [e-mail]