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Share Name | Share Symbol | Market | Type |
---|---|---|---|
CI Financial Corporation | NYSE:CIXX | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 11.42 | 0 | 01:00:00 |
All financial amounts in Canadian dollars unless stated otherwise.
CI Financial Corp. (“CI”) (TSX: CIX, NYSE: CIXX) today reported preliminary total assets of $375.8 billion as at December 31, 2022, consisting of asset management assets of $117.8 billion, Canadian wealth management assets of $77.5 billion, and U.S. wealth management assets of $180.6 billion.
CI also reported preliminary net sales results for its asset management businesses for the fourth quarter of 2022. CI’s Canadian retail business had net sales of $1.6 billion during the quarter, and CI’s overall net sales were $1.9 billion.
In wealth management, CI’s U.S. business generated net sales of $6.6 billion for the full year 2022, while Canadian wealth management had net sales of $3.8 billion.
CI FINANCIAL CORP.
December 31, 2022
PRELIMINARY MONTH-END ASSETS (C$ Billions)
ENDING ASSETS
December
2022
November
2022
% Change
December
2021
% Change
Asset management (1)
$
117.8
$
121.7
-3.2
%
$
144.2
-18.3
%
Canada wealth management
$
77.5
$
79.9
-3.0
%
$
80.6
-3.8
%
U.S. wealth management (2)
$
180.6
$
183.3
-1.5
%
$
151.3
19.4
%
TOTAL ASSETS
$
375.8
$
384.9
-2.4
%
$
376.2
-0.1
%
ASSET MANAGEMENT -
AVERAGE AUM
December
2022
November
2022
September
2022
Fiscal
2021
% Change
Monthly average
$
119.8
$
118.3
-
-
1.3
%
Quarter-to-date average
$
117.7
-
$
119.1
-
-1.2
%
Year-to-date average
$
125.0
-
-
$
137.9
-9.4
%
PRELIMINARY QUARTER-END NET SALES RESULTS (C$ billions)
Asset Management Segment
4Q22
3Q22
2Q22
1Q22
4Q21
Canadian retail
$1.6
$0.6
($0.4)
($0.9)
$0.1
Canadian institutional
($0.2)
($0.0)
($3.2)
($0.3)
($0.3)
Australian asset management
$0.0
($0.4)
($0.1)
($0.3)
$0.1
U.S. asset management
$0.6
($0.0)
($0.2)
$0.4
$0.3
Closed business
($0.2)
($0.1)
($0.2)
($0.2)
($0.2)
TOTAL
$1.9
$0.1
($4.1)
($1.2)
($0.0)
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) 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.
View source version on businesswire.com: https://www.businesswire.com/news/home/20230117005496/en/
Investor Relations Jason Weyeneth, CFA Vice-President, Investor Relations & Strategy 416-681-8779 jweyeneth@ci.com
Media Relations Canada Murray Oxby Vice-President, Corporate Communications 416-681-3254 moxby@ci.com
United States Jimmy Moock Managing Partner, StreetCred 610-304-4570 jimmy@streetcredpr.com ci@streetcredpr.com
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