CI Financial Reports Total Assets of $354.6 Billion for April 2022
May 20 2022 - 07:00AM
All financial amounts in Canadian dollars unless stated
CI Financial Corp. (“CI”) (TSX: CIX, NYSE: CIXX) today reported
preliminary total assets of $354.6 billion as at April 30, 2022,
consisting of assets under management of $128.4 billion, Canadian
wealth management assets of $77.5 billion, and U.S. wealth
management assets of $148.7 billion.
During April, CI completed the acquisitions of Corient Capital
Partners, LLC of Newport Beach, California, Northwood Family Office
Ltd. of Toronto, and Galapagos Partners, LP of Houston.
Effective with the release of its financial results for the
first quarter of 2022, CI has expanded its segment reporting to
these three segments. Prior periods have been restated to conform
with the new presentation format.
CI FINANCIAL CORP.
April 30, 2022
PRELIMINARY MONTH-END ASSETS
Asset management (1)
Canada wealth management
U.S. wealth management (2)
- Includes $33.0 billion of assets managed by CI and held by
clients of advisors with Assante, CIPC and Aligned Capital as at
April 30, 2022 ($34.5 billion at March 31, 2022 and $33.5 billion
at April 30, 2021).
- Month-end USD/CAD exchange rates of 1.2848, 1.2505 and 1.2287
for April 2022, March 2022 and April 2021, respectively.
About CI Financial
CI Financial Corp. is an integrated global wealth and asset
management company. CI’s primary asset management businesses are CI
Global Asset Management (CI Investments Inc.) and GSFM Pty Ltd.,
and it operates in Canadian wealth management through CI Assante
Wealth Management (Assante Wealth Management (Canada) Ltd.), CI
Private Counsel LP, Aligned Capital Partners Inc., Northwood Family
Office Ltd., CI Direct Investing (WealthBar Financial Services
Inc.), and CI Investment Services Inc.
CI’s U.S. wealth management businesses consist of Barrett Asset
Management, LLC, Balasa Dinverno Foltz LLC, Bowling Portfolio
Management LLC, Brightworth, LLC, BRR OpCo, LLC (Budros, Ruhlin
& Roe), The Cabana Group, LLC, Corient Capital Partners, LLC,
CPWM, LLC (Columbia Pacific Wealth Management), Columbia Pacific
Advisors, LLC, Congress Wealth Management LLC, Dowling &
Yahnke, LLC, Doyle Wealth Management, LLC, Galapagos Partners, LP,
GLASfunds, LLC, Gofen & Glossberg, LLC, Matrix Capital
Advisors, LLC, McCutchen Group LLC, OCM Capital Partners, LLC,
Portola Partners Group LLC, Radnor Financial Advisors, LLC,
RegentAtlantic Capital, LLC, The Roosevelt Investment Group, LLC,
RGT Wealth Advisors, LLC, R.H. Bluestein & Co., Segall Bryant
& Hamill, LLC, Stavis & Cohen Private Wealth, LLC, and
CI is listed on the Toronto Stock Exchange under CIX and on the
New York Stock Exchange under CIXX. Further information is
available at www.cifinancial.com.
CI Global Asset Management is a registered business name of CI
Investments Inc., a wholly owned subsidiary of CI Financial
version on businesswire.com: https://www.businesswire.com/news/home/20220515005061/en/
Investor Relations Jason Weyeneth, CFA Vice-President,
Investor Relations & Strategy 416-681-8779 firstname.lastname@example.org
Media Relations Canada Murray Oxby Vice-President,
Corporate Communications 416-681-3254 email@example.com
United States Jimmy Moock Managing Partner, StreetCred
610-304-4570 firstname.lastname@example.org email@example.com
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