CI Financial reports assets under management
TORONTO (June 1, 2016) – CI Financial Corp. (“CI”) today reported assets under management at May 31, 2016 of $110.6 billion and total assets of $146.1 billion.
Assets under management increased by $2.2 billion or 2.1% in the month of May and were flat year over year. Total assets gained $3.1 billion in May and were up 0.9% year over year. Meanwhile, the S&P/TSX Composite Index was up 1.0% in May and declined 3.3% over the 12-month period.
Average assets under management for the quarter-to-date were $108.8 billion, representing an increase of $1.5 billion or 1.4% from the average for the first quarter of 2016.
CI reported assets under advisement at Assante Wealth Management (Canada) Ltd. and Stonegate Private Counsel of $35.5 billion at May 31, 2016, an increase of 2.5% in May and 3.7% year over year.
CI will hold its annual meeting of shareholders on Thursday, June 9, 2016 at 4 p.m. Eastern time at its offices at 15 York Street, Second Floor, in Toronto.
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.