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CI Financial Corp. (T:CIX)

Business Focus: Investment Management & Fund Operators

Sector:  Financials Industry:  Investment Management & Fund Operators
 
See Regulatory Filings on SEDAR
Company Contact
Address: Twentieth, 2 Queen St E Floor
TORONTO ON M5C 3G7
Tel: 1-416-6816508
Website: https://www.cifinancial.com
IR: See website
Key People
William Thomas Holland
Chairman of the Board
Darie P. Urbanky
President, Chief Operating Officer
Kurt MacAlpine
Chief Executive Officer, Director
Douglas J. Jamieson
Chief Financial Officer, Executive Vice President
Roy Ratnavel
Executive Vice President, Head of Sales
Lorraine P. Blair
Executive Vice President, Chief Talent Officer
Rohit Dev Mehta
Executive Vice President
Edward D. Kelterborn
Chief Legal Officer
 
Business Overview
CI Financial Corp (CI) is a Canada-based asset and wealth management company. The Company operates through two business segments: Asset Management and Wealth Management. The Company primarily operates its Asset Management businesses through CI Investments Inc and GSFM Pty Ltd. The Company operates its Wealth Management Segment through Assante Wealth Management (Canada) Ltd., CI Private Counsel LP, CI Direct Investing (WealthBar Financial Services Inc.), BBS Securities Inc., The Cabana Group, LLC, Congress Wealth Management, One Capital Management, LLC and Surevest LLC. The Asset Management segment derives its revenue principally from the fees earned on the management of investment funds and other fee-earning investment products. The Wealth Management segment derives its revenue principally from fees and commissions from ongoing service, financial planning and advice (which may include investment management services), and on the sale of investment funds and other financial products.
Financial Overview
For the nine months ended 30 September 2020, CIFinancial Corp revenues decreased 6% to C$1.48B. Net incomedecreased 5% to C$371M. Revenues reflect Asset Managementsegment decrease of 12% to C$1.23B. Net income alsoreflects Investment dealer fees increase of 32% to C$167M(expense), Amortization of Intangibles increase of 42% toC$12.1M (expense). Dividend per share remained flat atC$0.54.
Employees: 1,793 as of Dec 31, 2019
Reporting Currency: Canadian Dollars
Enterprise value: $5,003M as of Sep 30, 2020
Annual revenue (TTM): $2,019M as of Sep 30, 2020
EBITDA (TTM): $801.36M as of Sep 30, 2020
Net annual income (TTM): $518.52M as of Sep 30, 2020
Free cash flow (TTM): $437.08M as of Sep 30, 2020
Net Debt Last Fiscal Year: $1,702M as of Sep 30, 2020
Shares outstanding: 211,726,894 as of Jan 19, 2021
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization