CI Financial Reports Total Assets of $467.9 Billion for April 2024

All financial amounts in Canadian dollars unless stated otherwise.

TORONTO--(BUSINESS WIRE)--CI Financial Corp. (“CI”) (TSX: CIX) today reported preliminary total assets of $467.9 billion as at April 30, 2024, consisting of asset management assets of $126.8 billion, Canadian wealth management assets of $92.3 billion, Canadian custody assets of $27.7 billion, and U.S. wealth management assets of $221.2 billion.

CI FINANCIAL CORP. April 30, 2024 PRELIMINARY MONTH-END ASSETS (C$ Billions)
ENDING ASSETS	April 2024	March 2024	% Change	April 2023	% Change
Asset management^(1)	$126.8	$130.1	-2.6%	$123.4	2.7%
Canada wealth management	$92.3	$93.7	-1.6%	$82.6	11.7%
Canada custody ^(2)	$27.7	$28.0	-1.1%	$8.9	211.4%
U.S. wealth management ^(3)	$221.2	$222.3	-0.5%	$188.9	17.1%
TOTAL ASSETS	$467.9	$474.2	-1.3 %	$399.7	15.9%
U.S. wealth management from above in USD^(3)	$160.7	$164.1	-2.1%	$139.4	15.2%

ASSET MANAGEMENT – AVERAGE AUM	April 2024	March 2024	March 2024	Fiscal 2023	% Change
Monthly average	$128.1	$129.3	-	-	-0.9%
Quarter-to-date average	$128.1	-	$126.8	-	1.1%
Year-to-date average	$127.1	-	-	$122.1	4.1%

1.	Includes $33.6 billion of assets managed by CI and held by clients of advisors with CI Assante Wealth Management, CI Private Counsel (CIPC) and Aligned Capital Partners as at April 30, 2024 ($34.4 billion at March 31, 2024 and $31.2 billion at April 30, 2023).
2.	Includes $24.2 billion of assets advised by CI and held by clients of advisors with Assante, CIPC, CI Direct Investing and Aligned Capital as at April 30, 2024 ($24.5 billion at March 31, 2024 and $5.2 billion at April 30, 2023). Prior to July 2023, custody assets were historically not included as part of reported assets for Canada wealth management or consolidated total assets.
3.	Month-end USD/CAD exchange rates of 1.3766, 1.3546 and 1.3548 for April 2024, March 2024 and April 2023, 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 CI Global Asset Management, which operates in Canada, and GSFM, which operates in Australia.
• Canadian Wealth Management, which includes the operations of CI Assante Wealth Management, Aligned Capital Partners, CI Private Wealth, Northwood Family Office, Coriel Capital, CI Direct Investing and CI Investment Services.
• U.S. Wealth Management, which includes Corient Private Wealth, an integrated wealth management firm providing comprehensive solutions to ultra-high-net-worth and high-net-worth clients across the United States.

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.