CI Financial Corp. ("CI") (TSX: CIX) today reported preliminary total assets of $444.8 billion as at December 31, 2023, consisting of asset management assets of $125.0 billion, Canadian wealth management assets of $88.0 billion, Canadian custody assets of $25.6 billion, and U.S. wealth management assets of $206.3 billion.
CI FINANCIAL CORP. December 31, 2023 PRELIMINARY MONTH-END ASSETS (C$ Billions) |
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ENDING ASSETS |
December 2023 |
November 2023 |
% Change |
December 2022 |
% Change |
|||||
Asset management (1) |
$125.0 |
$122.8 |
1.8% |
$117.8 |
6.1% |
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Canada wealth management |
$88.0 |
$86.1 |
2.2% |
$77.4 |
13.7% |
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Canada custody (2) |
$25.6 |
$24.8 |
3.2% |
$7.9 |
224.1% |
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U.S. wealth management (3) |
$206.3 |
$204.4 |
0.9% |
$180.6 |
14.2% |
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TOTAL ASSETS |
$444.8 |
$438.0 |
1.6% |
$383.6 |
16.0% |
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U.S. wealth management from above in USD (3) |
$155.7 |
$150.6 |
3.4% |
$133.4 |
16.7% |
ASSET MANAGEMENT ? AVERAGE AUM |
December 2023 |
November 2023 |
September 2023 |
Fiscal
|
% Change |
|||||
Monthly average |
$124.2 |
$121.1 |
- |
- |
2.6% |
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Quarter-to-date average |
$121.1 |
- |
$122.1 |
- |
-0.8% |
|||||
Year-to-date average |
$121.8 |
- |
- |
$125.0 |
-2.6% |
PRELIMINARY QUARTER-END NET SALES RESULTS (C$ billions) |
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Asset Management |
4Q23 |
3Q23 |
2Q23 |
1Q23 |
4Q22 |
Canadian retail |
($0.4) |
($0.1) |
$0.0 |
$0.8 |
$1.6 |
Canadian institutional |
$0.0 |
($0.1) |
$0.0 |
($0.2) |
($0.2) |
Australian asset management |
$0.2 |
($0.1) |
$0.1 |
($0.1) |
$0.0 |
Closed business |
($0.2) |
($0.2) |
($0.2) |
($0.2) |
($0.2) |
Asset management segment |
($0.4) |
($0.4) |
($0.1) |
$0.4 |
$1.3 |
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|
|
|
|
U.S. asset management (4) |
($0.1) |
$0.0 |
($0.3) |
($0.1) |
$0.6 |
PRELIMINARY ASSET MANAGEMENT SEGMENT FEE RATE |
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|
4Q23 |
3Q23 |
2Q23 |
1Q23 |
4Q22 |
Net management fees/average AUM (bps) |
81.2 |
83.8 |
84.6 |
86.0 |
87.2 |
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). 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.