CI Financial Reports Record Total Assets of $384.9 Billion for November 2022

All financial amounts in Canadian dollars unless stated otherwise.

TORONTO--(BUSINESS WIRE)--CI Financial Corp. (“CI”) (TSX: CIX, NYSE: CIXX) today reported preliminary total assets of $384.9 billion as at November 30, 2022, an all-time month-end high for the company. The total consisted of asset management assets of $121.7 billion, Canadian wealth management assets of $79.9 billion, and U.S. wealth management assets of $183.3 billion.

On November 10, 2022, CI completed the acquisition of Kore Private Wealth, LLC, a New York City-based registered investment advisor that focuses on meeting the unique and complex needs of ultra-high-net-worth individuals and families through comprehensive, interdisciplinary wealth management services. The firm now operates under the name CI Kore Private Wealth.

CI FINANCIAL CORP. November 30, 2022 PRELIMINARY MONTH-END ASSETS (C$ Billions)
ENDING ASSETS	November 2022	October 2022	% Change	November 2021	% Change
Asset management^(1)	$121.7	$116.4	4.6%	$141.8	-14.2%
Canada wealth management	$79.9	$76.2	4.9%	$78.6	1.7%
U.S. wealth management ^(2)	$183.3	$171.9	6.6%	$110.1	66.5%
TOTAL ASSETS	$384.9	$364.4	5.6%	$330.5	16.5%

ASSET MANAGEMENT – AVERAGE AUM	November 2022	October 2022	September 2022	Fiscal 2021	% Change
Monthly average	$118.3	$114.8	-	-	3.0%
Quarter-to-date average	$116.6	-	$119.1	-	-2.1%
Year-to-date average	$125.5	-	-	$137.9	-9.0%

1. Includes $32.6 billion of assets managed by CI and held by clients of advisors with Assante, CIPC and Aligned Capital as at November 30, 2022 ($31.1 billion at October 31, 2022 and $35.3 billion at November 30, 2021).
2. Month-end USD/CAD exchange rates of 1.3452, 1.3623 and 1.2779 for November 2022, October 2022 and November 2021, respectively.

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 the operations of CI Global Asset Management and Australia-based GSFM Pty Ltd.
• Canadian Wealth Management, which includes the operations of CI Assante Wealth Management, Aligned Capital Partners, CI Private Wealth (Canada), Northwood Family Office, CI Direct Investing and CI Investment Services.
• U.S. Wealth Management, which includes CI Private Wealth US, a national network of best-in-class wealth management teams.

CI is headquartered in Toronto and listed on the Toronto Stock Exchange (TSX: CIX) and the New York Stock Exchange (NYSE: CIXX). 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.