CIX CompX International Inc

All financial amounts in Canadian dollars unless stated otherwise.

CI Financial Corp. (“CI”) (TSX: CIX) today reported preliminary total assets of $489.1 billion as at June 30, 2024, consisting of asset management assets of $130.1 billion, Canadian wealth management assets of $95.6 billion, Canadian custody assets of $29.4 billion, and U.S. wealth management assets of $234.1 billion.

CI FINANCIAL CORP.

June 30, 2024

PRELIMINARY MONTH-END ASSETS (C$ Billions)

ENDING ASSETS

June

2024

May

2024

% Change

June

2023

% Change

Asset management (1)

$130.1

$129.5

0.5%

$122.4

6.3%

Canada wealth management

$95.6

$94.1

1.7%

$82.6

15.8%

Canada custody (2)

$29.4

$28.6

2.5%

$9.1

220.8%

U.S. wealth management (3)

$234.1

$230.1

1.7%

$194.0

20.7%

TOTAL ASSETS

$489.1

$482.2

1.4%

$408.1

19.9%

 

 

 

 

 

 

U.S. wealth management from above in USD (3)

$171.1

$168.8

1.4%

$146.5

16.8%

ASSET MANAGEMENT – AVERAGE AUM

June

2024

May

2024

March

2024

Fiscal

2023

% Change

Monthly average

$130.3

$129.3

-

-

0.7%

Quarter-to-date average

$129.2

-

$126.8

-

1.9%

Year-to-date average

$128.0

-

-

$122.0

4.9%

PRELIMINARY QUARTER-END SALES RESULTS (C$ Billions)

Asset Management

2Q24

1Q24

4Q23

3Q23

2Q23

Canadian retail

$ (0.3)

$ (1.3)

$ (0.4)

$ (0.1)

-

Canadian institutional

$ (0.0)

$ 0.0

-

$ (0.1)

-

Australian asset management

$ (0.0)

$ (0.1)

$ 0.2

$ (0.1)

$ 0.1

Closed business

$ (0.2)

$ (0.2)

$ (0.2)

$ (0.2)

$ (0.2)

Asset management segment

$ (0.6)

$ (1.6)

$ (0.4)

$ (0.5)

$ (0.1)

 

 

 

 

 

 

U.S. asset management (4)

$ 0.7

$ 0.1

$ (0.1)

-

$ (0.3)

PRELIMINARY ASSET MANAGEMENT SEGMENT FEE RATE

 

2Q24

1Q24

4Q23

3Q23

2Q23

Net management fees/average AUM (bps)

80.4

81.0

81.2

83.8

84.6

1. Includes $34.7 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 at June 30, 2024 ($34.0 billion at May 31, 2024 and $32.8 billion at June 30, 2023).
2. Includes $25.6 billion of assets advised by CI and held by clients of advisors with Assante, CIPC, CI Direct Investing and Aligned Capital as at June 30, 2024 ($25.0 billion at May 31, 2024 and $5.4 billion at June 30, 2023). Prior to July 2023, custody assets were historically not included as part of reported assets for Canada wealth management or consolidated total assets.
3. Month-end USD/CAD exchange rates of 1.3680, 1.33629 and 1.3248 for June 2024, May 2024, and June 2023, respectively.
4. Includes 100% of inflows from CI’s minority investments in Columbia Pacific Advisors, OCM Capital Partners, The Cabana Group and GLASfunds Holdings.

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:

• Asset Management, which includes CI Global Asset Management, which operates in Canada, and GSFM, which operates in Australia.
• Canadian Wealth Management, which includes the operations of CI Assante Wealth Management, Aligned Capital Partners, CI Private Wealth, Northwood Family Office, Coriel Capital, CI Direct Investing and CI Investment Services.
• U.S. Wealth Management, which includes Corient Private Wealth, an integrated wealth management firm providing comprehensive solutions to ultra-high-net-worth and high-net-worth clients across the United States.

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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240717280818/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