CI Financial' April Assets Under Management Slide 1.8% Sequentially


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CI Financial Corp. (TSX:CIX) (NYSE:CIXXreported total preliminary assets of C$354.6 billion as of April 30, 2022, down 1.8% from C$361.0 billion as of March end.

The reported total assets consisted of assets under management of C$128.4 billion, Canadian wealth management assets of C$77.5 billion, and U.S. wealth management assets of C$148.7 billion.

The company completed the acquisitions of Corient Capital Partners, LLC of Newport Beach, California, Northwood Family Office Ltd. of Toronto, and Galapagos Partners, LP of Houston in April.

The average monthly AUM declined 1.8% from March.

Price Action: CIX shares are trading higher by 0.034% at C$14.68 on TSX, and CIXX lower by 1.56% at $11.39 on the last check Friday.

Photo Via Company


Crypto Whales Are Loading Up — Are You?

New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.


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Posted In: NewsCanada