CI Financial Corp. (T:CIX*CA)

Business Focus: Investment Management & Fund Operators (NEC)

Sector:  Financials Industry:  Investment Management & Fund Operators
See Regulatory Filings on SEDAR
Company Contact
Address: 15 York Street, 2Nd Floor
Tel: 1-416-6818779
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
Julie Silcox
Executive Vice President, Chief Marketing Officer
Lorraine P. Blair
Executive Vice President, Chief Talent Officer
Edward D. Kelterborn
Executive Vice President, Chief Legal Officer
Marc- Andre Lewis
Executive Vice-President and Head of Investments
Amarjit Anderson
Chief Risk Officer
Business Overview
CI Financial Corp. is a Canada-based diversified global asset and wealth management company operating in Canada, the United States, and Australia. The Company is engaged in the business of management, marketing, distribution, and administration of investment products for Canadian investors as well as providing financial advice, tax, retirement, estate, and wealth planning services. The Company's Asset Management segment includes asset management business in Canada, which operates under the brand CI Global Asset Management in addition to its asset management business in Australia. The Canada Wealth Management segment includes its wealth management operations in Canada which operate under the brands Assante Wealth Management, CI Private Counsel, CI Investment Services, CI Direct Investing, and Aligned Capital. The U.S. Wealth Management segment comprises 23 wealth management businesses that operate under the brand CI Private Wealth.
Financial Overview
For the fiscal year ended 31 December 2022, CI Financial Corp revenues increased 12% to C$2.43B. Net income decreased 27% to C$299.8M. Revenues reflect United States segment increase from C$338.7M to C$715.8M. Net income was offset by Selling general and administrative increase of 37% to C$1.02B (expense), Foreign exchange (losses) increase from C$18.8M to C$80.1M (expense). Dividend per share remained flat at C$0.72.
Employees: 2,416 as of Dec 31, 2021
Reporting Currency: Canadian Dollars
Enterprise value: $6,576M as of Dec 31, 2022
Annual revenue (TTM): $2,426M as of Dec 31, 2022
EBITDA (TTM): $942.84M as of Dec 31, 2022
Net annual income (TTM): $299.76M as of Dec 31, 2022
Free cash flow (TTM): $312.70M as of Dec 31, 2022
Net Debt Last Fiscal Year: $4,196M as of Dec 31, 2022
Shares outstanding: 184,518,000 as of Dec 31, 2022
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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