CI Financial Posts Twelfth Straight Month of Asset GrowthBy Andrew Rickard | July 07 2014 11:23AM
On July 3rd, CI Financial reported that its assets under management had grown by $18.2 billion or 22.3% year over year, with average assets under management for the second quarter of 2014 at $97.9 billion. This represents an increase of $4.4 billion or 4.7% over the average for the first quarter of 2014 and an increase of $14.6 billion or 17.5% over the average for the 2013 fiscal year.
Assets under management at Assante Wealth Management Canada also increased, up 18% year over year to a total of $29.0 billion at the end of June .
June marks the twelfth consecutive month of asset growth for CI Financial.
"CI achieved a new milestone earlier in June when we reached $100 billion in assets under management, an accomplishment driven by continued strong performance and net sales," commented Stephen A. MacPhail, CI Financial’s President and Chief Executive Officer