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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.