CI Financial Reports Total Assets of $349.6 Billion for May 2022
June 21 2022 - 07:00AM
Business Wire
All financial amounts in Canadian dollars unless stated
otherwise.
CI Financial Corp. (“CI”) (TSX: CIX, NYSE: CIXX) today reported
preliminary total assets of $349.6 billion as at May 31, 2022,
consisting of assets under management of $124.3 billion, Canadian
wealth management assets of $78.2 billion, and U.S. wealth
management assets of $147.2 billion.
CI FINANCIAL CORP.
May 31, 2022
PRELIMINARY MONTH-END ASSETS
(C$ Billions)
ENDING ASSETS
May
2022
April
2022
% Change
May
2021
% Change
Asset management (1)
$124.3
$128.4
-3.2%
$136.1
-8.7%
Canada wealth management
$78.2
$78.3
-0.1%
$73.4
6.5%
U.S. wealth management (2)
$147.2
$149.3
-1.4%
$72.8
102.2%
TOTAL ASSETS
$349.6
$356.0
-1.8%
$282.2
23.9%
AVERAGE AUM
May
2022
April
2022
March
2022
Fiscal 2021
% Change
Monthly average
$123.7
$133.3
-
-
-7.2%
Quarter-to-date average
$128.4
-
$138.2
-
-7.1%
Year-to-date average
$134.2
-
-
$137.9
-2.7%
- Includes $32.7 billion of assets managed by CI and held by
clients of advisors with Assante, CIPC and Aligned Capital as at
May 31, 2022 ($33.0 billion at April 30, 2022 and $33.8 billion at
May 31, 2021).
- Month-end USD/CAD exchange rates of 1.2648, 1.2848 and 1.2064
for May 2022, April 2022 and May 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
Surevest LLC.
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
Corp.
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version on businesswire.com: https://www.businesswire.com/news/home/20220621005333/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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