Press release content from Business Wire. The AP news staff was not involved in its creation.
CI Financial’s Total Assets Grow 27% in 2020 to Record $231.5 Billion
January 12, 2021 GMT
TORONTO (BUSINESS WIRE) Jan 12, 2021
CI Financial Corp. (“CI”) (TSX: CIX, NYSE: CIXX) today reported preliminary assets under management as at December 31, 2020 of $134.9 billion and wealth management assets of $96.6 billion, for total assets of $231.5 billion.
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CI’s wealth management assets and total assets grew by 91.3% and 27.1% year over year, respectively, reaching record highs.
“In December, we completed the acquisition of four U.S. wealth management firms, adding approximately $12.3 billion in assets and a presence in four large and vital markets,” said Kurt MacAlpine, CI Chief Executive Officer.
Press release content from Business Wire. The AP news staff was not involved in its creation.
CI Financial Reports Record Total Assets of $215.6 Billion
December 11, 2020 GMT
TORONTO (BUSINESS WIRE) Dec 11, 2020
CI Financial Corp.(“CI”) (TSX: CIX, NYSE: CIXX) today reported preliminary assets under management as at November 30, 2020 of $133.3 billion and wealth management assets of $82.3 billion, for total assets of $215.6 billion. These results represent month-end record highs for wealth management assets and total assets for CI.
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CI’s assets under management increased by $7.7 billion or 6.1% in the month of November and by 1.4% year-over-year. Core average assets under management for the quarter-to-date were $125.1 billion, an increase of 0.4% over the third quarter of 2020. Core assets under management are those managed by CI’s Canadian and Australian subsidiaries.