CI Financial Reports Total Assets of $525.3 Billion for October 2024

All financial amounts in Canadian dollars unless stated otherwise.

CI Financial Corp. (“CI”) (TSX: CIX) today reported preliminary total assets of $525.3 billion as at October 31, 2024, consisting of asset management assets of $136.1 billion, Canadian wealth management assets of $100.4 billion, Canadian custody assets of $32.3 billion, and U.S. wealth management assets of $256.5 billion.

As previously reported, on October 31, 2024, Corient, CI’s U.S. wealth management subsidiary, completed the acquisition of registered investment advisor Ensemble Capital Management, LLC of San Francisco, adding assets of approximately $2.4 billion (US$1.8 billion).

CI FINANCIAL CORP.

October 31, 2024

PRELIMINARY MONTH-END ASSETS (C$ Billions)

ENDING ASSETS

October

2024

September

2024

% Change

October

2023

% Change

Asset management (1)

$136.1

$135.4

0.5%

$117.1

16.2%

Canada wealth management

$100.4

$100.1

0.2%

$80.7

24.4%

Canada custody (2)

$32.3

$31.9

1.4%

$23.4

38.2%

U.S. wealth management (3)

$256.5

$250.6

2.3%

$199.5

28.6%

TOTAL ASSETS

$525.3

$518.1

1.4%

$420.7

24.9%

 

 

 

 

 

 

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

$184.2

$185.3

-0.6%

$143.8

28.1%

ASSET MANAGEMENT – AVERAGE AUM

October

2024

September

2024

September

2024

Fiscal

2023

% Change

Monthly average

$136.6

$133.6

-

-

2.2%

Quarter-to-date average

$136.6

-

$132.5

-

3.1%

Year-to-date average

$130.2

-

-

$122.1

6.6%

1. Includes $35.9 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 October 31, 2024 ($36.0 billion at September 30, 2024 and $31.2 billion at October 31, 2023).
2. Includes $27.9 billion of assets advised by CI and held by clients of advisors with Assante, CIPC, CI Direct Investing and Aligned Capital as at October 31, 2024 ($27.5 billion at September 30, 2024 and $19.6 billion at October 31, 2023).
3. Month-end USD/CAD exchange rates of 1.3924, 1.3524 and 1.3867 for October 2024, September 2024, and October 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, operating as CI Wealth, which includes CI Assante Wealth Management, Aligned Capital Partners, CI Assante Private Client, CI Private Wealth, Northwood Family Office, CI Coriel Capital, CI Direct Investing, CI Direct Trading 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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20241128740306/en/

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]