CI Financial Reports Total Assets of $509.2 Billion for August 2024

All financial amounts in Canadian dollars unless stated otherwise.

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.

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).

2.

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).

3.

Month-end USD/CAD exchange rates of 1.3477, 1.3807 and 1.3512 for August 2024, July 2024, and August 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, 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]