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 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 |
| 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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