CI Financial Reports Record Total Assets of $391.6 Billion for January 2023

All financial amounts in Canadian dollars unless stated otherwise.

TORONTO--(BUSINESS WIRE)--CI Financial Corp. (“CI”) (TSX: CIX) today reported preliminary total assets of $391.6 billion as at January 31, 2023, a record for the company. The total consisted of asset management assets of $123.4 billion, Canadian wealth management assets of $81.4 billion, and U.S. wealth management assets of $186.7 billion.

CI FINANCIAL CORP. January 31, 2023 PRELIMINARY MONTH-END ASSETS (C$ Billions)
ENDING ASSETS	January 2023	December 2022	% Change	January 2022	% Change
Asset management^(1)	$123.4	$117.8	4.8%	$138.7	-11.0%
Canada wealth management	$81.4	$77.4	5.2%	$78.7	3.4%
U.S. wealth management ^(2)	$186.7	$180.6	3.4%	$147.4	26.7%
TOTAL ASSETS	$391.6	$375.8	4.2%	$364.9	7.3%

ASSET MANAGEMENT – AVERAGE AUM	January 2023	December 2022	December 2022	Fiscal 2022	% Change
Monthly average	$121.5	$119.8	-	-	1.4%
Quarter-to-date average	$121.5	-	$117.7	-	3.2%
Year-to-date average	$121.5	-	-	$125.0	-2.8%

1. Includes $33.4 billion of assets managed by CI and held by clients of advisors with Assante, CIPC and Aligned Capital as at January 31, 2023 ($31.9 billion at December 31, 2022 and $35.1 billion at January 31, 2022).
2. Month-end USD/CAD exchange rates of 1.3417, 1.3540 and 1.2708 for January 2023, December 2022 and January 2022, 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). 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.