CI Financial Corp
CIX
ISIN null / Valor 4909958
CI Financial Corp
UMushroom community rating:
About company
CI Financial Corp is a diversified wealth and asset management company with a significant presence in both Canada and the United States. The company has aggressively expanded its footprint in the U.S. wealth management sector through the acquisition of numerous registered investment advisor firms, including Barrett Asset Management, Brightworth, and Segall Bryant & Hamill, among others. These acquisitions have broadened CI Financial's service offerings and client base in the U.S. market. Additionally, CI Financial has made strategic investments in alternative asset management firms and selected Miami as the location for its U.S. headquarters, signaling a strong commitment to expanding its operations in the United States. In the realm of product offerings, CI Financial has demonstrated innovation and responsiveness to market trends by developing an industry-leading suite of cryptocurrency solutions, including the CI Galaxy Bitcoin ETF and CI Galaxy Ethereum ETF, alongside mutual funds investing in bitcoin and Ether. The company has also launched a variety of other financial products, such as a private equity fund, a gold bullion ETF, liquid alternative funds, and a series of environmental, social, and governance (ESG) mandates, showcasing its ability to diversify its asset management operations and cater to a wide range of investor needs. CI Financial's commitment to providing high-quality wealth management services is evidenced by CI Assante Wealth Management's top ranking in the J.D. Power 2021 Canada Full-Service Investor Satisfaction Study, particularly in the trust category. Furthermore, the company's growth strategy includes enhancing its wealth management services through acquisitions, such as Avalon Advisors and Intercontinental Wealth Advisors, and the establishment of an in-house trust company under its Corient brand, enabling it to offer a comprehensive array of corporate trustee services. This strategic expansion and diversification of services underscore CI Financial's position as a leading player in the wealth and asset management industry.
Summarized from source with an LLMView SourceSector: FinanceLatest Results (28.11.2025):
CI Financial Corp — First Quarter 2025: CI reported results for the quarter ended March 31, 2025 (Q1 2025). The company recorded a small IFRS net loss attributable to shareholders of $8.5 million (diluted EPS $(0.06)) but reported healthier adjusted results: adjusted net income of $140.7 million and adjusted diluted EPS of $0.96. Key operating cash and liquidity metrics were strong, while total assets and client assets rose year‑over‑year.
Earnings
IFRS net loss attributable to shareholders: $8.5M (diluted EPS −$0.06). Adjusted net income (ex‑non‑operating items): $140.7M, adjusted diluted EPS $0.96 (down ~8.6% vs. prior quarter).
Revenue and EBITDA
Total net revenues: $787.7M (up from $677.8M in prior quarter). EBITDA was $158.3M; adjusted EBITDA attributable to shareholders was $273.9M. Adjusted total net revenues were $792.4M (down 0.9% vs. prior quarter).
Expenses
Total expenses (IFRS) decreased to $764.3M from $1,046.7M in the prior quarter. On an adjusted basis, total expenses were $549.7M, up 2.9% quarter‑over‑quarter due primarily to acquisition‑related SG&A and higher depreciation/amortization.
Cash flow and capital metrics
Operating cash flow: $148.4M (operating cash flow per share $1.02). Free cash flow: $200.8M (free cash flow per share $1.38). Net debt ~ $4.10B; net debt to annualized adjusted EBITDA ~3.7x.
Assets under management / Client assets
Total assets (AUM + client assets disclosed): $546.1B (up $71.9B or 15.2% y/y). Asset Management AUM ~ $135.0B; U.S. Wealth Management client assets ~ $273.6B.
Acquisitions and business development
Corient completed two U.S. RIA acquisitions (Geller & Co. and Rootstock) during Q1, adding approximately US$11B of client assets to U.S. wealth businesses.
Capital allocation & financing
Paid dividends of $28.8M ($0.20 per share) in Q1; quarterly dividend of $0.20 also paid April 15, 2025. Closed a $500M debenture offering (maturing April 3, 2028) on April 1, 2025.
Strategic transaction / Governance
CI remains subject to a definitive arrangement to be taken private by an affiliate of Mubadala Capital; the arrangement was approved by shareholders and the Ontario Superior Court and is expected to close in Q3 2025, subject to regulatory approvals. As a result, CI will not hold an earnings call and has obtained a TSX exemption regarding its annual meeting timing.
Summarized from source with an LLMView SourceKey figures
Performance
Volatility
3326 M
Market cap (USD)
411,565
Daily traded volume (Shares)
31.01 / 30.86
1 day high/low (USD)
52 weeks high/low (USD)
Dividend ex-date
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Dividend yield (p.a.)
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P/E ratio
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EPS (USD)
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Ratings & reviews
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