All financial amounts in Canadian dollars unless stated otherwise.
CI Financial Corp. (“CI”) (TSX: CIX) today reported preliminary total assets of $438.0 billion as at November 30, 2023, consisting of asset management assets of $122.8 billion, Canadian wealth management assets of $86.1 billion, Canadian custody assets of $24.8 billion, and U.S. wealth management assets of $204.4 billion.
As previously announced, CI completed the acquisition of Coriel Capital Inc., a Montreal-based wealth management firm serving ultra-high-net-worth families, in November.
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CI FINANCIAL CORP. November 30, 2023 PRELIMINARY MONTH-END ASSETS (C$ Billions) |
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ENDING ASSETS |
November 2023 |
October 2023 |
% Change |
November 2022 |
% Change |
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|
Asset management (1) |
$122.8 |
$117.1 |
4.9% |
$121.7 |
0.9% |
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Canada wealth management |
$86.1 |
$80.7 |
6.7% |
$79.9 |
7.8% |
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Canada custody (2) |
$24.8 |
$23.4 |
6.0% |
$7.2 |
244.4% |
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U.S. wealth management (3) |
$204.4 |
$199.5 |
2.5% |
$183.3 |
11.5% |
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TOTAL ASSETS |
$438.0 |
$420.7 |
4.1% |
$392.1 |
11.7% |
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ASSET MANAGEMENT – AVERAGE AUM |
November 2023 |
October 2023 |
September 2023 |
Fiscal 2022 |
% Change |
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|
Monthly average |
$121.1 |
$118.0 |
– |
– |
2.6% |
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|
Quarter-to-date average |
$119.5 |
– |
$122.1 |
– |
-2.1% |
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Year-to-date average |
$121.6 |
– |
– |
$125.0 |
-2.7% |
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- Includes $32.6 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 November 30, 2023 ($31.2 billion at October 31, 2023 and $32.6 billion at November 30, 2022).
- Includes $20.8 billion of assets advised by CI and held by clients of advisors with Assante, CIPC, CI Direct Investing and Aligned Capital as at November 30, 2023 ($19.6 billion at October 31, 2023 and $4.7 billion at November 30, 2022). Prior to July 2023, custody assets were historically not included as part of reported assets for Canada wealth management or consolidated total assets.
- Month-end USD/CAD exchange rates of 1.3570, 1.3867 and 1.3452 for November 2023, October 2023 and November 2022, respectively.
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