CI Financial Corp has reported preliminary assets under management as at 30 June, 2021 of USD144.8 billion and wealth management assets of USD159.3 billion, for total assets of USD304.0 billion.
On 30 June, 2021, CI completed the previously announced acquisition of Dowling & Yahnke, LLC, adding USD7.1 billion of wealth management assets.
CI also reported preliminary net sales results for the second quarter. The results represented CI’s first quarter of positive asset management segment net sales since the third quarter of 2017 and the strongest quarterly result since the third quarter of 2015.
“This is an exciting development for CI, having posted the best quarter for net sales in our Canadian retail business since 2015,” says Kurt MacAlpine, CI Chief Executive Officer. “We believe these results reflect the many enhancements we have made over the last 18 months as part of our strategic priority to modernise our asset management business. We are well positioned for continued sales growth due to these changes, which include the development of an integrated global investment platform, the introduction of timely new products and other improvements to our product lineup, and a new data-driven approach to marketing and distribution.”