CI Financial reports assets under management for January 2018

TSX Symbol: CIX

TORONTO, Feb. 1, 2018 /CNW/ - CI Financial Corp. ("CI") today reported preliminary assets under management at January 31, 2018 of $143.1 billion and total assets of $185.9 billion.

Assets under management grew by $25.7 billion or 21.9% year over year, and increased 0.1% in the month of January. Total assets gained $30.3 billion or 19.5% for the 12-month period, and grew by 0.1% in the month of January.

CI's average assets under management for the quarter-to-date were $144.5 billion, versus $142.5 billion for the fourth quarter of 2017. Average assets under management for the year-to-date were $144.5 billion, a gain of $18.2 billion or 14.4% from the average for fiscal 2017.

CI reported assets under advisement at Assante Wealth Management (Canada) Ltd. and Stonegate Private Counsel of $42.8 billion at January 31, 2018, representing an increase of $4.6 billion or 12.0% year over year.

Additionally, CI launched its redesigned website at www.cifinancial.com in January. This new website offers a fresh, mobile-responsive online experience, and provides easy access to information about CI, including share price charts, news alerts and announcements. Visitors may sign up to receive e-mail alerts on CI Financial news and announcements by visiting the News & Events page.

CI is scheduled to release its financial results for the fourth quarter and fiscal year 2017 on February 15, 2018 on CNW Group and cifinancial.com. A conference call with analysts and a slide presentation will be accessible through a webcast at www.ci.com/q4. Alternatively, investors may listen to the discussion beginning at 4 p.m. by dialling (416) 406-0743 or 1-800-898-3989 (passcode: 3773238#). 

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.

* 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., 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.