Back to top

Press Release

 

CI Financial reports asset growth of 12.9% in 2014

TORONTO (January 5, 2015) – CI Financial Corp. (“CI”) today reported assets under management at December 31, 2014 of $102.9 billion, and total assets of $132.6 billion.

Assets under management grew by $11.8 billion or 12.9% year over year and were down 0.3% in the month of December. Total assets gained $14.6 billion or 12.3% for the year. In comparison, the S&P/TSX Composite Index was up 10.5% in 2014 and down 0.4% in the month of December. 

Average assets under management for fiscal 2014 were $98.4 billion, up $15.1 billion or 18.1% over fiscal 2013.  

CI also reported assets under administration at Assante Wealth Management (Canada) Ltd. of $29.7 billion at December 31, 2014, an increase of 10.3% year over year.

Additional information about CI’s assets and financial position can be found below in the tables of preliminary statistics and on its website, www.cifinancial.com, in the Statistics section. These are the only statistics authorized by CI and CI takes no responsibility for reporting by any external sources.

CI FINANCIAL CORP.

December 31, 2014

PRELIMINARY MONTH-END STATISTICS

ENDING ASSETS

Dec. 31/14

(millions)

Nov. 30/14

(millions)

%

Change

Dec. 31/13 (millions)

%

Change

Assets under management

$102,886

$103,152

-0.3%

$91,090

12.9%

Assets under administration*

29,741

29,827

-0.3%

26,960

10.3%

TOTAL

$132,627

$132,979

-0.3%

$118,050

12.3%

MONTHLY AVERAGE
ASSETS UNDER MANAGEMENT
Dec. 31/14 (millions) Nov. 30/14 (millions) % Change
Monthly average $102,055 $102,241 -0.2%
FISCAL QUARTER AVERAGE
ASSETS UNDER MANAGEMENT
Ending Dec. 31/14 (millions) Ending Sept. 30/14 (millions) % Change
Fiscal quarter average $101,120 $101,016 0.1%
FISCAL YEAR AVERAGE
ASSETS UNDER MANAGEMENT
Ending Dec. 31/14 (millions) Fiscal 2013(millions) % Change
Fiscal year average $98,408 $83,325 18.1%
EQUITY 

FINANCIAL POSITION

(millions)       

Total outstanding shares

281,708,663

Debt outstanding

$308

QTD weighted average shares

282,056,756

Net debt outstanding

$188

Current yield 3.9%    
Potential share dilution from options 796,056 Terminal redemption value of funds $728
All options % of shares 2.0%     

* Includes CI and United Financial funds administered by Assante advisors.

ESTIMATED GEOGRAPHIC EXPOSURE OF AUM

Canada

39%

Asia

4%

United States

31%

Other

4%

Europe

14%

Cash

8%

CI Financial Corp. (TSX: CIX) is an independent, Canadian-owned wealth management company. CI offers a broad range of investment products and services, including an industry-leading selection of investment funds, and is on the Web at www.cifinancial.com.

For further information:

Stephen A. MacPhail
President and Chief Executive Officer
CI Financial Corp.
(416) 364-1145

Get the latest news

Enter your e-mail address to have CI Financial news and announcements delivered directly to your inbox.