CI Financial Reports Total Assets of $389.4 Billion for February 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 $389.4 billion as at February 28, 2023, consisting of asset management assets of $121.9 billion, Canadian wealth management assets of $81.1 billion, and U.S. wealth management assets of $186.4 billion.

CI FINANCIAL CORP. February 28, 2023 PRELIMINARY MONTH-END ASSETS (C$ Billions)
ENDING ASSETS	February 2023	January 2023	% Change	February 2022	% Change
Asset management^(1)	$121.9	$123.4	-1.2%	$136.7	-10.8%
Canada wealth management	$81.1	$81.4	-0.4%	$78.5	3.3%
U.S. wealth management ^(2)	$186.4	$185.1	0.7%	$146.2	27.5%
TOTAL ASSETS	$389.4	$390.0	-0.2%	$361.4	7.7%

ASSET MANAGEMENT – AVERAGE AUM	February 2022	January 2023	December 2022	Fiscal 2022	% Change
Monthly average	$123.1	$121.5	-	-	1.3%
Quarter-to-date average	$122.3	-	$117.7	-	3.9%
Year-to-date average	$122.3	-	-	$125.0	-2.2%

1. Includes $32.9 billion of assets managed by CI and held by clients of advisors with Assante, CIPC and Aligned Capital as at February 28, 2023 ($33.4 billion at January 31, 2023 and $34.7 billion at February 28, 2022).
2. Month-end USD/CAD exchange rates of 1.3645, 1.3305 and 1.2675 for February 2023, January 2023 and February 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.