CI Financial reports assets under management for October 2019

TORONTO, Nov. 1, 2019 /CNW/ - CI Financial Corp. ("CI") (TSX: CIX) today reported preliminary assets under management at October 31, 2019 of $130.3 billion and total assets of $177.9 billion.

Assets under management increased by 0.2% in the month of October and 0.4% year over year. CI's average assets under management for the quarter-to-date were $129.2 billion, a slight decrease compared to the average for the third quarter of 2019.

CI reported assets under advisement of $47.6 billion at October 31, 2019, an increase of 0.4% in the month of October and 11.7% year over year. This includes assets at Assante Wealth Management (Canada) Ltd., Stonegate Private Counsel and since January 2019, WealthBar Financial Services Inc.

CI will issue its third quarter financial results on November 7, 2019 through the CI Financial website.  

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. October 31, 2019 PRELIMINARY MONTH-END STATISTICS
ENDING ASSETS	Oct. 31/19 (billions)	Sept. 30/19  (billions)	% Change	Oct. 31/18  (billions)	% Change
Assets under management	$130.3	$130.0	0.2%	$129.8	0.4%
Assets under advisement^1	47.6	47.4	0.4%	42.6	11.7%
TOTAL	$177.9	$177.4	0.3%	$172.4	3.2%

MONTHLY AVERAGE ASSETS UNDER MANAGEMENT	Oct. 31/19 (billions)	Sept. 30/19 (billions)	% Change
Monthly average	$129.2	$130.1	-0.7%

                               

FISCAL QUARTER AVERAGE ASSETS UNDER MANAGEMENT	Oct. 31/19 (billions)	Sept. 30/19 (billions)	% Change
Fiscal quarter average	$129.2	$129.8	-0.5%

FISCAL YEAR AVERAGE ASSETS UNDER MANAGEMENT	Fiscal 2019 (billions)	Fiscal 2018 (billions)	% Change
Fiscal year average	$129.9	$137.2	-5.3%

EQUITY (millions)		FINANCIAL POSITION (millions)
Total outstanding shares (TSX)	227.2	Debt outstanding	$1,589
QTD weighted avg. shares	226.9	Net debt outstanding	$1,392

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

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, GSFM Pty Ltd., WealthBar Financial Services Inc., and BBS Securities Inc. Further information is available at www.cifinancial.com.

SOURCE CI Financial Corp.

Investor Relations, CI Financial Corp., [phone]

Related Links

http://www.ci.com/