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CI Financial reports record assets under management

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CI Financial has reported record assets under management of CAD102.2 billion and total assets of CAD131.8 billion at 31 August.

CI's assets under management grew by CAD18.4 billion or 21.9 per cent year over year and were up CAD1.8 billion or 1.7 per cent in the month of August, for the 14th consecutive month of asset growth.
 
Total assets were up CAD23.0 billion or 21.2 per cent for the year and CAD2.3 billion or 1.8 per cent in August.
 
Assets under management and total assets at 31 August were new month-end records for CI.
 
Assets under management of CAD102.2 billion represented an increase of CAD4.3 billion or 4.4 per cent over the average assets under management for the quarter ending 30 June 2014 and an increase of CAD18.9 billion or 22.6 per cent over the average for fiscal 2013.
 
CI also reported assets under administration at Assante Wealth Management (Canada) Ltd of CAD29.6 billion at 31 August, an increase of 18.6 per cent year over year.

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