CI Financial reports assets under management for November 2018

TORONTO, Dec. 3, 2018 /CNW/ - CI Financial Corp. ("CI") (TSX: CIX) today reported preliminary assets under management at November 30, 2018 of $130.2 billion and total assets of $173.2 billion.

Assets under management increased by 0.3% in the month of November and decreased by 9.6% year over year. Total assets experienced a 0.5% increase through the month of November and decreased by 7.2% for the 12-month period.

CI's average assets under management for the quarter-to-date were $131.1 billion, versus $138.3 billion for the third quarter of 2018. Average assets under management for the year-to-date were $138.3 billion, a gain of $12.0 billion or 9.5% from the average for fiscal 2017.

CI reported assets under advisement at Assante Wealth Management (Canada) Ltd. and Stonegate Private Counsel of $43.0 billion at November 30, 2018, representing an increase of $0.5 billion or 1.2% year over year.

Further information about CI's assets and financial position can be found below in the tables of statistics and on its website, www.cifinancial.com. 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., Assante Wealth Management (Canada) Ltd., CI Private Counsel LP, 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.