CI Financial reports assets under management for September 2018

CI Financial reports assets under management for September 2018

TORONTO (October 1, 2018) – CI Financial Corp. (“CI”) today reported preliminary assets under management at September 30, 2018 of $136.4 billion and total assets of $180.6 billion.  

Assets under management grew by $14.7 billion or 12.1% year over year, and decreased by 1.4% in the month of September. Total assets gained $18.1 billion or 11.1% for the 12-month period, and decreased 1.3% through the month of September.  

CI’s average assets under management for the third quarter were $138.3 billion, versus $139.5 billion for the second quarter of 2018. Average assets under management for the year-to-date were $139.9 billion, a gain of $13.6 billion or 10.8% from the average for fiscal 2017. 

CI reported assets under advisement at Assante Wealth Management (Canada) Ltd. and Stonegate Private Counsel of $44.2 billion at September 30, 2018, representing an increase of $3.4 billion or 8.3% year over year. 

CI will issue its third quarter financial results on November 8, 2018 through the CI Financial website and Cision.  

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

CI FINANCIAL CORP.
September 30, 2018
PRELIMINARY MONTH-END STATISTICS

ENDING ASSETS

Sept. 30/18 (billions)

Aug. 31/18 (billions)

%
Change

Sept. 30/17 (billions)

%
Change

Assets under management

$136.4

$138.4

-1.4%

$121.7

12.1%

Assets under advisement1

44.2

44.6

-0.9%

40.8

8.3%

TOTAL

$180.6

$183.0

-1.3%

$162.5

11.1%

MONTHLY AVERAGE
ASSETS UNDER MANAGEMENT

Sept. 30/18
(billions)

Aug. 31/18
(billions)

%
Change

Monthly average

$137.3

$138.5

-0.9%

FISCAL QUARTER AVERAGE
ASSETS UNDER MANAGEMENT

Ending Sept. 30/18
(billions)

Ending June 30/18
(billions)

%
Change

Fiscal quarter average

$138.3

$139.5

-0.9%

FISCAL YEAR AVERAGE
ASSETS UNDER MANAGEMENT

Fiscal 2018
(billions)

Fiscal 2017
(billions)

%
Change

Fiscal year average

$139.9

$126.3

10.8%

EQUITY
(millions)

FINANCIAL POSITION
(millions)       

Total outstanding shares

251.8

Debt outstanding

$1,449

QTD weighted avg. shares

256.7

Net debt outstanding

$1,223

Current Yield

3.5%

Terminal redemption value of funds

$381

1 Includes assets managed by CI and held by clients of advisors with Assante and Stonegate Private Counsel.

CI Financial Corp. (TSX: CIX) is an independent Canadian company offering global asset management and wealth management advisory services. Its primary operating businesses are CI Investments Inc., Assante Wealth Management (Canada) Ltd., CI Private Counsel LP, Grant Samuel Funds Management Pty Ltd. of Australia, First Asset Investment Management Inc., and BBS Securities Inc. Further information is available at www.cifinancial.com.

For further information:

Investor Relations
CI Financial Corp.
(416) 364-1145