CI Financial reports assets under management for April 2018

TSX Symbol: CIX

TORONTO, May 1, 2018 /CNW/ - CI Financial Corp. ("CI") today reported preliminary assets under management at April 30, 2018 of $138.8 billion and total assets of $181.5 billion.

Assets under management grew by $15.6 billion or 12.7% year over year, and decreased 0.3% in the month of April. Total assets gained $17.8 billion or 10.9% for the 12-month period, and decreased by 0.2% in the month of April.

CI's average assets under management for the quarter-to-date were $138.5 billion, a decrease of 2.4% from the first quarter of 2018. Average assets under management for the year-to-date were $141.0 billion, a gain of $14.7 billion or 11.6% from the average for fiscal 2017.

CI reported assets under advisement at Assante Wealth Management (Canada) Ltd. and Stonegate Private Counsel of $42.7 billion at April 30, 2018, representing an increase of $2.2 billion or 5.4% year over year.

CI is scheduled to release its financial results for the first quarter of 2018 on May 10, 2018 on CNW Group and cifinancial.com. A conference call with analysts will be held at 4 p.m. EDT and will be accessible through a webcast available by clicking here or by visiting cifinancial.com. Alternatively, investors may listen to the discussion by dialing 1-800-806-5484 or (416) 340-2217 (Passcode: 7030080#).  

CI will hold its annual general meeting of shareholders on June 18, 2018 in Toronto at 2:00 p.m. EDT. The meeting will be held at CI's offices, located at 15 York Street, on the second floor.

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, in the Share Information section. These are the only statistics authorized by CI and CI takes no responsibility for reporting by any external sources.

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., Sentry Investments Inc., Assante Wealth Management (Canada) Ltd., Stonegate Private Counsel, 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.

SOURCE CI Financial Corp.