TSX Symbol: CIX

TORONTO, Oct. 3, 2016 /CNW/ - CI Financial Corp. ("CI") today reported assets under management at September 30, 2016 of $113.2 billion and total assets of $150.5 billion. These are month-end record levels for CI.

Assets under management increased by $7.9 billion or 7.5% year over year and were up 0.7% in the month of September. Total assets gained $11.9 billion or 8.6% for the 12-month period and rose 0.7% in September.

Average assets under management for the third quarter were $112.3 billion, representing an increase of $3.3 billion or 3.0% from the average for the second quarter of 2016. Average assets under management for the year-to-date were $109.5 billion, a gain of $1.2 billion or 1.1% from the average for fiscal year 2015.

CI reported assets under advisement at Assante Wealth Management (Canada) Ltd. and Stonegate Private Counsel of $37.3 billion at September 30, 2016, an increase of $4.0 billion or 12.0% year over year.

CI is scheduled to release its financial results for the third quarter of 2016 on November 3, 2016, on CNW Group and cifinancial.com.

Additional information about CI's assets and financial position can be found below in the tables of preliminary statistics and on its website, www.cifinancial.com, in the Statistics section. These are the only statistics authorized by CI and CI takes no responsibility for reporting by any external sources.

* Includes assets managed by CI and held by clients of advisors with Assante and Stonegate Private Counsel.

CI Financial Corp. (TSX: CIX) is an independent, Canadian-owned wealth management company. Its primary operating businesses are CI Investments Inc., one of Canada's largest investment managers, advisory businesses Assante Wealth Management and Stonegate Private Counsel, and First Asset Capital Corp., a leader in providing actively managed exchange-traded funds to the Canadian marketplace. CI is on the Web at www.cifinancial.com.

SOURCE CI Financial Corp.