CI Financial Reports Record Total Assets of $288.3 Billion for May 2021
All financial amounts in Canadian dollars unless stated
Corp. (“CI”) (TSX: CIX,
NYSE: CIXX) today reported preliminary assets under management as
at May 31, 2021 of $142.1 billion and wealth management assets of
$146.2 billion, for total assets of $288.3 billion.
CI FINANCIAL CORP.
May 31, 2021
PRELIMINARY MONTH-END ASSETS
Core assets under management (Canada and
U.S. assets under management
Total assets under management
CORE AVERAGE AUM
- Includes $33.8 billion of assets managed by CI and held by
clients of advisors with Assante, CIPC and Aligned Capital as at
May 31, 2021 ($33.5 billion at April 30, 2021 and $27.6 billion at
May 31, 2020).
- Excludes the previously announced acquisition of Dowling &
Yahnke, LLC of San Diego, an RIA with $6.3 billion in assets (at
March 31, 2021), which is expected to increase CI’s U.S. assets to
approximately $79.1 billion and total assets to $294.6 billion once
the transaction closes.
About CI Financial
CI Financial Corp. is an independent company offering global
asset management and wealth management advisory services. 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., 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, BDF LLC, Bowling Portfolio Management LLC,
Brightworth, LLC, The Cabana Group, LLC, Congress Wealth
Management, LLC, Doyle Wealth Management, LLC, One Capital
Management, LLC, The Roosevelt Investment Group, LLC, RGT Wealth
Advisors, LLC, 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.
This press release contains forward-looking statements
concerning anticipated future events, results, circumstances,
performance or expectations with respect to CI Financial Corp.
(“CI”) and its products and services, including its business
operations, strategy and financial performance and condition.
Forward-looking statements are typically identified by words such
as “believe”, “expect”, “foresee”, “forecast”, “anticipate”,
“intend”, “estimate”, “goal”, “plan” and “project” and similar
references to future periods, or conditional verbs such as “will”,
“may”, “should”, “could” or “would”. These statements are not
historical facts but instead represent management beliefs regarding
future events, many of which by their nature are inherently
uncertain and beyond management’s control. Although management
believes that the expectations reflected in such forward-looking
statements are based on reasonable assumptions, such statements
involve risks and uncertainties. The material factors and
assumptions applied in reaching the conclusions contained in these
forward-looking statements include that the acquisition of Dowling
& Yahnke, LLC will be completed and their asset levels will
remain stable, that the investment fund industry will remain stable
and that interest rates will remain relatively stable. Factors that
could cause actual results to differ materially from expectations
include, among other things, general economic and market
conditions, including interest and foreign exchange rates, global
financial markets, changes in government regulations or in tax
laws, industry competition, technological developments and other
factors described or discussed in CI’s disclosure materials filed
with applicable securities regulatory authorities from time to
time. The foregoing list is not exhaustive and the reader is
cautioned to consider these and other factors carefully and not to
place undue reliance on forward- looking statements. Other than as
specifically required by applicable law, CI undertakes no
obligation to update or alter any forward-looking statement after
the date on which it is made, whether to reflect new information,
future events or otherwise.
version on businesswire.com: https://www.businesswire.com/news/home/20210611005394/en/
Investor Relations Jason Weyeneth, CFA Vice-President,
Investor Relations & Strategy 416-681-8779 email@example.com
Media Relations Canada Murray Oxby Vice-President,
Communications 416-681-3254 firstname.lastname@example.org United States Trevor
Davis, Gregory FCA for CI Financial 610-415-1145