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
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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 fiscal year ended 31 December 2023, CI Financial Corp revenues increased 8% to C$2.63B. Net income decreased 98% to C$5M. Revenues reflect US wealth management segment increase of 38% to C$974.7M, Canada wealth management segment increase of 9% to C$876.5M, United States segment increase of 38% to C$985.3M, Canada segment increase of 5% to C$2.18B.
Employees: 2,300 as of Dec 31, 2022
Reporting Currency: Canadian Dollars
Enterprise value: $6,214M as of Dec 31, 2023
Annual revenue (TTM): $2,627M as of Dec 31, 2023
EBITDA (TTM): $722.81M as of Dec 31, 2023
Net annual income (TTM): $5.02M as of Dec 31, 2023
Free cash flow (TTM): $272.70M as of Dec 31, 2023
Net Debt Last Fiscal Year: $3,630M as of Dec 31, 2023
Shares outstanding: 156,240,227 as of Jan 10, 2024
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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