CI Financial (TSE:CIX) has released an update.
CI Financial announced its preliminary total assets reached $482.2 billion in May 2024, marking significant growth across its asset and wealth management sectors, including a 211.3% increase in Canadian custody assets. The company also completed acquisitions of two U.S.-based registered investment advisors, adding approximately $5.6 billion to its U.S. wealth management portfolio. This growth reflects CI Financial’s continued expansion and strong performance in both Canadian and U.S. markets.
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