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CI Financial reports record assets under management

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CI Financial has reported assets under management of CAD113.2 billion and total assets of CAD150.5 billion at 30 September 2016.

These are month-end record levels for CI.
 
Assets under management increased by CAD7.9 billion or 7.5 per cent year over year and were up 0.7 per cent in the month of September. Total assets gained CAD11.9 billion or 8.6 per cent for the 12-month period and rose 0.7 per cent in September.
 
Average assets under management for the third quarter were CAD112.3 billion, representing an increase of CAD3.3 billion or 3.0 per cent from the average for the second quarter of 2016. Average assets under management for the year-to-date were CAD109.5 billion, a gain of CAD1.2 billion or 1.1 per cent from the average for fiscal year 2015.
 
CI reported assets under advisement at Assante Wealth Management (Canada) and Stonegate Private Counsel of CAD37.3 billion at 30 September 2016, an increase of CAD4.0 billion or 12.0 per cent year over year.

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