CI Financial reports assets under management

TSX Symbol: CIX

TORONTO, Dec. 1, 2017 /CNW/ - CI Financial Corp. ("CI") today reported preliminary assets under management at November 30, 2017 of $143.9 billion and total assets of $186.3 billion.

Assets under management grew by $26.8 billion or 22.9% year over year, and increased 0.1% in the month of November. Total assets gained $31.5 billion or 20.3% for the 12-month period and grew by 0.3% in the month of November.

CI's average assets under management for the quarter-to-date were $142.0 billion, versus $120.3 billion for the third quarter of 2017. Average assets under management for the year-to-date were $124.7 billion, a gain of $13.8 billion or 12.4% from the average for fiscal 2016.

CI reported assets under advisement at Assante Wealth Management (Canada) Ltd. and Stonegate Private Counsel of $42.4 billion at November 30, 2017, representing an increase of $4.7 billion or 12.5% year over year.

Additional 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 Statistics section. These are the only statistics authorized by CI and CI takes no responsibility for reporting by any external sources.

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.