CI Financial reports assets under management

TSX Symbol: CIX

TORONTO, Oct. 2, 2017 /CNW/ - CI Financial Corp. ("CI") today reported preliminary assets under management at September 30, 2017 of $121.4 billion and total assets of $162.1 billion.

Assets under management grew by $8.9 billion or 7.9% year over year, and increased 0.7% in the month of September. Total assets gained $12.4 billion or 8.3% for the 12-month period and grew by 0.8% in the month of September.

CI's average assets under management for the third quarter were $120.3 billion, versus $122.7 billion for the second quarter of 2017. Average assets under management for the year-to-date were $120.8 billion, a gain of $9.9 billion or 8.9% from the average for fiscal 2016.

CI reported assets under advisement at Assante Wealth Management (Canada) Ltd. and Stonegate Private Counsel of $40.7 billion at September 30, 2017, representing an increase of $3.5 billion or 9.4% year over year.

CI also announced that it completed the acquisition of Sentry Investments Corp. and its subsidiary Sentry Investments Inc. effective today. The addition of Sentry increases CI's assets under management to approximately $140 billion and total assets to approximately $181 billion.

Additional information about CI's assets and financial position can be found below in the tables of 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.

* 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 investment managers CI Investments Inc. and Sentry Investments Inc., advisory businesses Assante Wealth Management and Stonegate Private Counsel, Grant Samuel Funds Management of Australia, and First Asset Investment Management Inc., a leader in providing actively managed exchange-traded funds to the Canadian marketplace. Further information is available at www.cifinancial.com.

SOURCE CI Financial Corp.