CI Financial Corp. (T:CIX*CA)
Business Focus: Investment Management & Fund Operators (NEC)
| Sector: Financials | Industry: Investment Management & Fund Operators |
| Company Contact | |
| Address: | 15 York Street, 2Nd Floor TORONTO ON M5J 0A3 |
| Tel: | 1-416-6818779 |
| Website: | https://www.cifinancial.com |
| IR: | See website |
| Key People | ||
| Darie P. Urbanky President, Chief Operating Officer | Kurt Macalpine Chief Executive Officer, Director | Amit Muni Chief Financial Officer, Executive Vice President |
| Manisha Burman Chief Human Resource Officer, Executive Vice President | Marc-Andre Lewis Executive Vice President, Chief Investment Officer | Julie Silcox Executive Vice President, Chief Marketing Officer |
| Edward D. Kelterborn Executive Vice President, Chief Legal Officer | Amarjit Anderson Chief Risk Officer | |
| Business Overview |
| CI Financial Corp. is a diversified global asset and wealth management company operating primarily in Canada, the United States and Australia. The Company is engaged in the management and distribution of a range of financial products and services, including wealth management, insurance, and others. The Company operates through three segments: Asset Management, Canadian Wealth Management, and U.S. Wealth Management. The Asset Management segment includes CI Global Asset Management, which operates in Canada, and GSFM Pty Ltd., which operates in Australia. The Canadian Wealth Management segment includes the operations of CI Assante Wealth Management, Aligned Capital Partners, CI Private Wealth, Northwood Family Office, CI Direct Investing and CI Investment Services. The U.S. Wealth Management segment includes Corient Private Wealth LLC, an integrated wealth management company providing comprehensive solutions to ultra-high-net-worth and high-net-worth clients across the United States. |
| Financial Overview |
| For the three months ended 31 March 2024, CI Financial Corp revenues increased 9% to C$695.2M. Net loss totaled C$154.4M vs. income of C$30M. Revenues reflect US wealth management segment increase of 22% to C$253.2M, Canada wealth management segment increase of 9% to C$235.4M, United States segment increase of 33% to C$257.9M, Australia segment increase of 3% to C$9M. |
| Employees: | 2,390 as of Dec 31, 2023 |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | $5,929M as of Mar 31, 2024 |
| Annual revenue (TTM): | $2,685M as of Mar 31, 2024 |
| EBITDA (TTM): | $667.95M as of Mar 31, 2024 |
| Net annual income (TTM): | -$179.39M as of Mar 31, 2024 |
| Free cash flow (TTM): | $230.89M as of Mar 31, 2024 |
| Net Debt Last Fiscal Year: | $3,773M as of Mar 31, 2024 |
| Shares outstanding: | 153,821,000 as of Mar 31, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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