Sector: Financials | Industry: Investment Management & Fund Operators |
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 |
Manisha Burman Chief Human Resource Officer, Executive Vice President | Marc-Andre Lewis Executive Vice President, Chief Investment Officer | Julie Silcox Executive Vice President, Chief Marketing Officer |
Edward D. Kelterborn Executive Vice President, Chief Legal Officer | Amarjit Anderson Chief Risk Officer |
Business Overview |
CI Financial Corp. is a diversified global asset and wealth management company operating primarily in Canada, the United States and Australia. The Company is engaged in the management and distribution of a range of financial products and services, including wealth management, insurance, and others. The Company operates through three segments: Asset Management, Canadian Wealth Management, and U.S. Wealth Management. The Asset Management segment includes CI Global Asset Management, which operates in Canada, and GSFM Pty Ltd., which operates in Australia. The Canadian Wealth Management segment includes the operations of CI Assante Wealth Management, Aligned Capital Partners, CI Private Wealth, Northwood Family Office, CI Direct Investing and CI Investment Services. The U.S. Wealth Management segment includes Corient Private Wealth LLC, an integrated wealth management company providing comprehensive solutions to ultra-high-net-worth and high-net-worth clients across the United States. |
Financial Overview |
For the fiscal year ended 31 December 2023, CI Financial Corp revenues increased 8% to C$2.63B. Net income decreased 98% to C$5M. Revenues reflect US wealth management segment increase of 38% to C$974.7M, Canada wealth management segment increase of 9% to C$876.5M, United States segment increase of 38% to C$985.3M, Canada segment increase of 5% to C$2.18B. |
Employees: | 2,300 as of Dec 31, 2022 |
Reporting Currency: | Canadian Dollars |
Enterprise value: | $6,335M as of Dec 31, 2023 |
Annual revenue (TTM): | $2,627M as of Dec 31, 2023 |
EBITDA (TTM): | $722.81M as of Dec 31, 2023 |
Net annual income (TTM): | $5.02M as of Dec 31, 2023 |
Free cash flow (TTM): | $272.70M as of Dec 31, 2023 |
Net Debt Last Fiscal Year: | $3,630M as of Dec 31, 2023 |
Shares outstanding: | 156,240,227 as of Jan 10, 2024 |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |