Fact-checked by Grok 2 weeks ago

CI Financial

CI Financial Corp. is a diversified global asset and company headquartered in , , that provides advisory services, financial planning, and strategies to individuals, families, institutions, and advisors. Founded in 1965 as an independent firm, it has grown to manage and administer over C$550 billion in assets as of the second quarter of 2025, operating primarily in , the , and . The company operates through key segments including via subsidiaries like CI Private Wealth and CI Assante, which focus on high-net-worth clients and holistic financial planning; through CI Global Asset Management, offering traditional and alternative strategies; and services as a leading Canadian . In August 2025, CI Financial was taken private by Mubadala Capital, a of the Dhabi-based Mubadala , in a C$4.7 billion transaction that valued the firm at C$12.1 billion including debt, marking a significant expansion for Mubadala into North American . This acquisition followed a period of aggressive U.S. expansion, with CI completing multiple deals to bolster its presence in the region.

Overview

Business Model and Services

CI Financial is a diversified financial services firm specializing in asset management, wealth advisory, and investment products, delivering a range of solutions to support client financial goals through innovative strategies and technologies. The company operates as an independent entity, emphasizing global asset and wealth management services that include professional portfolio construction, , and customized investment advice. Key services encompass a broad portfolio of investment vehicles and advisory offerings, such as mutual funds for diversified equity and fixed-income exposure, exchange-traded funds (ETFs) providing cost-effective access to various , segregated funds designed for with creditor protection features, and private investment pools targeting specialized strategies like high-yield bonds or with minimum investments starting at $5,000. Additionally, CI Financial provides online brokerage through CI Direct Investing, enabling self-directed trading of , options, ETFs, and mutual funds with low commissions and mobile access, alongside comprehensive financial planning services for goal-based wealth accumulation and institutional portfolio management tailored to large investors' needs. The revenue model is primarily fee-based, derived from (AUM) through management fees averaging around 1.15% of average AUM, supplemented by advisory and performance fees from services. As of November 30, 2024, CI Financial reported total assets of CA$532.7 billion, reflecting significant growth in AUM from prior years, with assets comprising approximately CA$140.1 billion; following its in August 2025, the firm anticipates continued expansion in fee-generating assets through strategic enhancements in U.S. and international operations. CI Financial targets a diverse client base, including high-net-worth individuals seeking personalized advisory and private wealth solutions, institutional investors requiring sophisticated portfolio management, and retail investors accessing products via platforms like CI Direct Investing for self-directed or robo-advised accounts. The firm maintains a global footprint, with primary operations in , the —bolstered by subsidiaries like Corient for —and international presence in markets such as and the through dedicated subsidiaries and partnerships.

Financial Metrics and Market Position

CI Financial Corp. manages approximately CA$550.9 billion in total and advisement as of June 30, 2025, reflecting growth from CA$529 billion at the end of 2024 and demonstrating stability following its in August 2025. In the second quarter of 2025, the company recorded total net revenues of $898.8 million, a 14.2% increase from $787.7 million in the first quarter, excluding non-operating items; this uptick was driven by higher fee-based revenues amid market gains. Net income attributable to shareholders for Q2 2025 stood at $141.8 million, a significant recovery from the $8.5 million net loss in Q1 2025, underscoring improved operational profitability. The company's , completed on August 13, 2025, involved an all-cash transaction valued at CA$12.1 billion, including assumed debt, under a plan of arrangement with Mubadala Capital; this deal marked the acquisition of all outstanding shares at C$32.00 per share. Prior to delisting, CI Financial's shares traded on the under the ticker CIX and on the as CIXX, with the TSX delisting effective August 14, 2025, following the transaction's closure. As of December 31, 2024, CI Financial employed approximately 2,900 individuals, supporting its operations across asset and . In the Canadian market, CI Financial holds a prominent position as one of the leading independent asset and firms, with its CA$550.9 billion in assets positioning it behind bank-affiliated giants like RBC Global Asset Management (approximately CA$700 billion in AUM as of mid-2025) but ahead of IG Wealth Management (CA$158 billion in assets under advisement as of October 2025). This scale highlights CI's diversification across mutual funds, ETFs, and advisory services, enabling it to capture significant in fee-based wealth solutions compared to more specialized peers.

History

Founding and Early Expansion

CI Financial was established in 1965 as Universal Savings Fund Management Limited in , . Initially operating as a small firm, it concentrated on managing s and savings products targeted at retail investors in . This foundational focus allowed the company to build a base of individual clients seeking accessible options during the early years of the modern mutual fund industry in . During the and , the firm experienced steady in its Canadian by expanding its lineup of domestic and international funds. A key milestone came in 1981 with the launch of the CI Pacific Fund, one of the first Canadian mutual funds dedicated to Asian markets, which broadened its appeal to investors interested in global diversification. By the early , this organic expansion had positioned the company as a notable player in the retail investment sector, with increasing driven by product and client acquisition rather than acquisitions. In 1994, the company underwent significant changes, including a rebranding to CI Mutual Funds Inc. and its on the under the ticker CIX, marking its transition from a entity to a publicly traded firm. This IPO provided capital for further development and reflected growing investor confidence in its offerings. Leadership transitioned in 1999 when Bill Holland assumed the role of CEO, ushering in a strategy emphasizing aggressive expansion while building on the firm's established retail foundation. Under Holland, CI continued to prioritize organic initiatives in the Canadian market through the 1990s, solidifying its reputation as a leader in management.

Key Acquisitions and Growth Phase

In the late 1990s, CI Fund Management Inc. pursued aggressive expansion through strategic acquisitions to consolidate its position in the Canadian and sectors. A pivotal move occurred in August 1999 when the company acquired BPI Financial Corporation for $206 million, significantly bolstering its offerings and creating one of Canada's largest public companies at the time. This momentum continued into the early 2000s with further consolidation. In 2003, CI acquired the Canadian operations of Assante Corporation for $846 million in cash and stock, integrating a network of approximately 1,000 advisors and adding about $17 billion in assets under administration, which enhanced its advisory services and distribution channels. Throughout the mid-2000s, CI focused on integrating these acquired entities, streamlining operations, and unifying its brand identity. This period of internal consolidation culminated in a structural reorganization on January 1, 2009, when the company converted from an income trust back to a and adopted the name CI Financial Corp., reflecting its evolution into a diversified firm. Entering the , CI shifted toward geographic diversification, initiating expansion into U.S. and international markets to tap into broader growth opportunities beyond . Under the leadership of founder William T. Holland, who served as CEO until 2010, and subsequent executives including Stephen A. MacPhail (2010–2016), Peter Anderson (2016–2019), and Kurt MacAlpine (from ), the company pursued targeted acquisitions and partnerships abroad, with early U.S. ambitions articulated as early as 2015. Organic growth during this era was robust, driven by strong net sales and market performance. Assets under management and administration grew significantly, from total fee-earning assets of approximately CA$68 billion in 2005 to total assets of CA$142.3 billion as of October 2015, underscoring the impact of integrated operations and expanded client bases.

Privatization and Recent Developments

In November 2024, CI Financial announced a definitive agreement with Mubadala Capital, the private investment arm of Abu Dhabi's , to take the company private in an all-cash transaction valued at C$12.1 billion ($8.66 billion USD), including debt, with an equity value of approximately C$4.7 billion. Under the terms, shareholders would receive C$32 per share, representing a 33% premium to the closing price prior to the announcement. The transaction received shareholder approval in February 2025 and closed effective August 12, 2025, with the acquisition of all remaining publicly held shares completed on August 13, 2025, leading to the delisting of CI Financial's shares from the (TSX) and (NYSE). This marked the full transition of ownership to Mubadala Capital, converting CI Financial from a publicly traded entity to a under the sole control of the Abu Dhabi-based investor. Following the privatization, CI Financial reported strong Q2 2025 financial results, with total net revenues reaching $898.8 million, a 14% increase from $787.7 million in Q1 2025, driven by growth in fees and services. In April 2025, the company executed several mergers, including the merger of the CI Canadian Core Plus Bond Fund into the CI Canadian Bond Fund, alongside other consolidations such as the CI Resource Fund into the CI Canadian Equity Fund, to streamline its product offerings and enhance operational efficiency. In September 2025, CI's U.S. business, Corient, expanded globally by adding and Stanhope Capital Group, two U.K.-based firms managing approximately $214 billion in client assets. The shift to private ownership under Mubadala Capital is expected to enable CI Financial to pursue accelerated international expansion, leveraging Mubadala's global network and capital resources without the constraints of quarterly public reporting requirements. Leadership continuity was maintained, with Kurt MacAlpine remaining as to guide the company's strategic direction post-privatization.

Organizational Structure

Asset Management Division

CI Global Asset Management serves as the core asset management division of CI Financial, responsible for developing and managing a broad array of products and providing institutional services. Originally operating as CI Investments and CI First Asset Management, the division underwent a to CI Global Asset Management in 2020, integrating the operations of both entities to streamline its offerings and enhance its global focus. This , announced in May 2020 and completed by early 2021, positioned the division to better serve retail and institutional clients through mutual funds, exchange-traded funds (ETFs), and alternative investments. The division's product portfolio encompasses an extensive lineup of over 100 mutual funds and more than 50 ETFs, emphasizing strategies in fixed income, equities, and multi-asset solutions. Mutual funds include offerings like the CI Global Unconstrained Bond Fund for tactical global fixed income exposure and the CI Global Quality Dividend Growth Index Fund targeting dividend-paying equities worldwide, while ETFs feature active and passive options such as the CI U.S. Quality Dividend Growth Index ETF and covered call strategies on investment-grade bonds. These products provide diversified access to asset classes, including liquid alternatives and digital assets, designed to meet varying investor risk profiles and objectives. Alternative investments further expand the portfolio, incorporating private market and real asset strategies to enhance returns and risk management. In addition to retail-focused products, CI Global Asset Management delivers institutional services through customized portfolios tailored for pensions, endowments, foundations, and other large investors. These services include segregated accounts and pooled funds across domestic and global equities, , , and multi-asset mandates, supported by a team of over 100 investment professionals. The institutional segment manages over $7 billion in assets, representing a specialized portion of the division's overall operations that prioritize client-specific outcomes like long-term growth and income generation. A key subsidiary within the division is Marret Asset Management, a fixed income specialist wholly owned by CI Financial since acquiring full ownership in July 2025 (initial majority interest acquired in 2013). Marret focuses on alternative strategies, including high-yield and multi-strategy income funds, complementing the broader portfolio with expertise in and structured products for institutional and high-net-worth clients. As of September 30, 2025, the division oversees approximately CA$146.0 billion in , forming a significant component of CI Financial's total assets of CA$604.8 billion and underscoring its scale in the Canadian investment landscape.

Wealth Management and Advisory Services

CI Assante Wealth Management, acquired by Financial in November 2003, operates as a key component of the company's offerings, providing personalized advisory services to individuals and families across . The division maintains a network of over 900 advisors who deliver holistic financial strategies tailored to clients' life goals. These services encompass comprehensive , including portfolio construction and access to alternative investments, alongside to establish tax-efficient paths for long-term financial security. Advisors at CI Assante also focus on to navigate market fluctuations and life events, ensuring throughout a client's journey. forms a core element, assisting clients in transferring wealth and legacy values to through structured strategies. Additionally, the division integrates solutions and to optimize overall financial health, drawing on a team of supporting professionals such as analysts and legal experts for a coordinated approach. As of recent reports, CI Assante oversees approximately $69 billion in Canadian wealth, emphasizing fee-based advisory models that contribute significantly to CI Financial's overall revenue stream. CI Private Wealth, a specialized division within CI Financial, caters to ultra-high-net-worth individuals and families seeking family office-style management. This service targets complex financial needs with bespoke solutions, including philanthropy advisory to align giving with personal values and tax optimization strategies to minimize liabilities across generations. Portfolio construction under CI Private Wealth incorporates and , supported by a discovery process that develops individualized Investment Policy Statements and ongoing monitoring. Both CI Assante and CI Private Wealth integrate seamlessly with CI Financial's broader products, providing advisors access to institutional-grade strategies and global resources for enhanced client outcomes. The divisions primarily serve Canadian clients while offering cross-border capabilities to address international dynamics, fostering long-term advisory relationships through regular plan reviews and comprehensive support. Fee-based advising in these areas plays a vital role in CI Financial's revenue, bolstering the firm's position in personalized services.

Direct Investing and Brokerage Operations

CI Direct Investing is an online platform launched in 2020 as a and integration of WealthBar, a originally acquired by CI Financial in 2014 with full ownership completed in 2020, designed to provide investors with accessible self-directed trading and automated investment options. The platform emphasizes low-cost access to equities, bonds, options, and ETFs, including commission-free trading on select ETFs, alongside robo-advisory services that build diversified portfolios using institutional-grade algorithms. Educational tools, such as portfolio planning guides and market insights, are integrated to support novice and experienced users in making informed decisions. CI Investment Services Inc., operating as CI Direct Trading since its rebranding following CI Financial's 2017 acquisition of Virtual Brokers, functions as an order-execution-only discount brokerage tailored for self-directed retail trading. It offers trading in Canadian and U.S. equities, bonds, options, and mutual funds, with competitive pricing such as $0 commissions on purchases and low fees for stocks at $1.99 per trade, facilitating seamless integration with CI's proprietary funds for enhanced portfolio customization. The platform's enables real-time trading, account monitoring, and automated features like recurring investments, catering primarily to individual investors seeking efficient, tech-driven brokerage services. Both CI Direct Investing and CI Investment Services have experienced substantial growth in their retail user base since the mid-2010s digital expansions, attracting millions of accounts through user-friendly interfaces and cost efficiencies. These operations briefly intersect with CI's broader ecosystem by allowing seamless transfers to advisory services when users require personalized guidance. As members of the Canadian Investment Regulatory Organization (CIRO), they adhere to stringent standards for investor protection, including transparent fee disclosures and secure asset custody.

Investments and Strategic Moves

Major Equity Investments

In 2016, CI Financial acquired an 80% stake in Grant Samuel Funds Management, an Australian boutique investment firm focused on funds and specialized strategies. This investment marked CI's strategic entry into the Australian market, leveraging GSFM's established platform for boutique fund distribution. As of 2025, CI retains this majority ownership, with GSFM operating as a key subsidiary in CI's international portfolio. CI Financial holds a 65% ownership stake in Marret Asset Management, a Toronto-based firm specializing in high-yield bonds, strategies, and fixed-income investments, acquired in 2013. This partial ownership allows Marret to maintain operational independence while benefiting from CI's broader resources in alternative fixed-income products. In July 2025, CI acquired the remaining shares, achieving 100% ownership. The stake underscores CI's focus on enhancing its capabilities in and yield-oriented assets. In 2019, through its subsidiary Grant Samuel Funds Management, CI Financial acquired a 49% equity stake in Redpoint Investment Management, an Australian-based boutique global equities manager. This minority investment provides CI with exposure to international strategies without full , as Redpoint's retains 51% . The partnership continues to support CI's global reach. These equity investments reflect CI Financial's broader strategy to diversify into niche markets, including alternative credit strategies and international assets, particularly in and global equities. By pursuing partial ownership, CI has built strategic alliances that expand its product offerings and geographic footprint without full integration risks. Following CI's privatization in August 2025, these partnerships remain ongoing, with no major divestitures announced.

Mergers and Acquisitions Timeline

CI Financial's mergers and acquisitions strategy has been instrumental in expanding its footprint in asset and , particularly through full-control deals that integrated new capabilities and client bases. Beginning in the late , the company pursued transformative acquisitions to enter and grow within and advisory networks, followed by a surge in the focused on fund management enhancements, and accelerating post-2020 with U.S.-centric integrations and internal fund consolidations. These activities have collectively strengthened its competitive position in and internationally, with cumulative deal values surpassing $2 billion based on disclosed transactions. In August 1999, CI Financial acquired BPI Financial Corp. for $206 million, marking its initial foray into and significantly boosting its operations with added of approximately $6 billion at the time. This deal integrated BPI's established fund management expertise, enabling CI to diversify beyond its core investment focus and establish a stronger retail distribution presence. The company's most substantial early acquisition occurred in 2003 with the purchase of Assante Corp.'s Canadian operations for $846 million in cash and stock, incorporating around 1,000 advisors and $17 billion in assets under administration to rapidly expand its advisor network. This transaction, which also included Synergy Asset Management Inc., positioned CI as a leading player in wealth advisory services and facilitated broader market penetration across . During the 2010s, CI continued its growth through targeted acquisitions, such as the 2010 purchase of Investments Canada Corp., which added 18 mutual funds and approximately C$1.75 billion in assets to its portfolio, enhancing its asset management offerings. In 2015, the acquisition of First Asset Capital Corp. further diversified its product lineup with exchange-traded funds and structured products. A pivotal deal came in 2017 when CI acquired Investments Corp. for $780 million ($230 million in cash and the balance in shares), incorporating specialty funds and bolstering its capabilities with Sentry's established track record in high-yield and resource-focused strategies. Other notable 2010s transactions included integrations like those involving Investments for enhanced portfolio navigation tools and Wealth Management to strengthen international advisory services, though specific details on values remain undisclosed. Post-2020, shifted emphasis toward U.S. expansion and operational efficiencies, completing numerous registered investment advisor () acquisitions that added over $90 billion in assets by 2022, though many involved majority stakes rather than full control. In July 2025, acquired the remaining stake in Marret for full ownership. In September 2025, Global agreed to acquire First , an asset manager with approximately $1 billion in . Smaller-scale integrations persisted, exemplified by Global 's April 2025 mergers of six mutual funds (including Canadian Core Plus Bond Fund and Global Equity & Income Fund) and two exchange-traded funds, alongside the termination of certain vehicles like CMVX, to streamline its fund lineup and improve investor options. These moves, approved in March 2025 and effective April 4, 2025, reflect ongoing consolidation to optimize costs and focus on high-growth strategies. Overall, 's M&A timeline has consolidated its market position, evolving it into a diversified global firm with enhanced scale in both asset and segments.

Controversies

Market Timing Violations

In the early 2000s, CI Mutual Funds Inc., a of CI Financial Corp., permitted certain institutional investors to engage in frequent trades within its mutual funds from September 1998 to September 2003. These trades involved rapid buying and selling of fund units to exploit short-term discrepancies in net asset values, allowing the five involved investors to profit approximately $90.2 million while causing dilution and other harms to long-term unitholders through increased costs and reduced returns. The Ontario Securities Commission (OSC) launched an investigation in November 2003 as part of a broader inquiry into market timing practices across the Canadian mutual fund industry, examining 105 fund companies for potential abuses. The OSC determined that CI's agreements with three of these investors—which included nominal fees of 3 to 4 basis points on switches and up to 2% on redemptions—failed to adequately protect other unitholders from the adverse effects, constituting conduct contrary to the public interest, though no evidence of late trading was found. In December 2004, reached a no-contest with the OSC, agreeing to pay $49.3 million plus 5% annual interest in restitution to affected investors, with distributions completed by , 2005, under a Commission-approved plan; this amount represented the largest single in the OSC's probes at the time. No criminal charges were pursued against or its personnel, as itself was not illegal but rather the failure to disclose and mitigate its impacts violated duties. In response, implemented enhanced internal policies in late 2003 to restrict short-term trading, including improved monitoring and detection mechanisms designed to eliminate harmful activities and ensure equitable treatment of all unitholders. These measures were part of CI's commitment to strengthen without admitting in the . This incident occurred amid widespread regulatory scrutiny of mutual fund abuses in the early 2000s, including and late trading, which prompted the OSC's multi-phase investigation and led to over $200 million in total penalties across four major fund companies, including , AGF, AIC, and I.G. Ltd. The episode highlighted systemic vulnerabilities in the industry and contributed to subsequent reforms, such as stricter disclosure requirements and redemption fees to curb abusive trading.

Net Asset Value Calculation Issues

Between December 2009 and June 2015, CI Investments Inc., a subsidiary of CI Financial Corp., experienced administrative errors in the calculation of net asset values (NAVs) for certain mutual funds, primarily due to the failure to include accrued interest from cash collateral accounts as an asset in the NAV computations. This omission resulted in understated NAVs, causing investors to buy or sell fund units at inaccurate prices, which led to over- or under-valuations in transactions and distorted fund performance assessments. The errors stemmed from inadequate controls and oversight of an outsourced service provider responsible for the calculations. CI self-reported the issue to the Ontario Securities Commission (OSC) in April 2015 after discovering it during an internal review. The miscalculations affected approximately 360,000 across seven Forward Funds directly, as well as 23 mutual funds and 69 segregated funds indirectly through shared calculation processes. The total unrecorded interest amounted to about $156.1 million, representing the primary financial harm to affected who transacted at the incorrect NAVs. In February 2016, CI entered into a no-contest with the OSC, agreeing to return the full $156.1 million in unrecorded interest to harmed —without deducting administrative fees—plus additional compensation such as 3% interest on certain redemptions completed before February 29, 2016. The agreement also included an $8 million voluntary payment to the OSC for protection purposes and $50,000 to cover costs, marking the largest compensation in an OSC no-contest at the time. While CI did not admit or deny the allegations, the highlighted failures in systems and supervisory oversight. Following the settlement, CI implemented remediation measures, including upgrades to its supervisory and monitoring systems to prevent similar errors, along with the establishment of enhanced control and supervision procedures. The company was required to submit an attestation letter and progress report to the OSC within eight months, confirming the of these improvements, which involved reviews of the updated processes. These steps addressed the root causes of the NAV inaccuracies and aimed to restore operational integrity. The incident and subsequent eroded investor trust by exposing vulnerabilities in CI's fund valuation practices, prompting heightened regulatory reporting requirements and contributing to broader scrutiny of the firm's compliance framework in the years leading up to its . The enhanced oversight measures adopted post- have since supported more robust under CI Financial's evolving structure.

References

  1. [1]
    CI Financial Investor Relations
    CI Financial Corp. is a diversified global asset and wealth management company based in Toronto and operating across Canada, the United States and Australia.
  2. [2]
    About Us - CI Financial
    An innovative selection of global wealth and asset management strategies, services, advice and technologies. We deliver investment excellence designed for every ...
  3. [3]
    CI Financial Reports Financial Results for the Second Quarter of 2025
    Aug 5, 2025 · Canada Wealth Management assets. 105,887 ; Canada custody · 38,327 ; U.S. Wealth Management assets · 268,338 ; Total assets. 550,850.
  4. [4]
    Our Businesses
    ### Summary of CI Financial Businesses
  5. [5]
    CI Financial and Mubadala Capital Announce Completion of Take ...
    Aug 13, 2025 · Mubadala Capital acquired CI Financial for C$32.00 per share, valuing CI at C$4.7 billion, with a total transaction of C$12.1 billion.
  6. [6]
    CI Financial Completes Six Transactions, Boosting U.S. Assets to ...
    Jan 4, 2022 · U.S. wealth management becomes CI's largest business line by assets with 17 transactions adding over US$90 billion in 2021.<|control11|><|separator|>
  7. [7]
    Mutual Fund Investing | CI Global Asset Management
    Mutual funds offer diversified portfolios of stocks, bonds, and cash, with potential for growth, income, and professional money management.Missing: online brokerage
  8. [8]
    Exchange Traded Fund (ETF) Solutions | CI Global Asset Management
    Exchange-traded funds are diversified portfolios that trade like stocks. CI GAM offers a robust lineup of ETF solutions as a leading provider in Canada.Missing: accounts online brokerage
  9. [9]
    Segregated Funds | CI Global Asset Management - CI Financial
    Our wide selection of segregated funds covers all asset classes and investment styles to help you grow your wealth and plan for retirement with confidence.
  10. [10]
    CI Private Pools | CI Global Asset Management - CI Financial
    CI Private Pools simplify wealth with specialized managers, 22 pools, a $5,000 minimum, and flat-fee solutions. There are 22 private pools across geographies,  ...Missing: accounts online
  11. [11]
    Online Wealth Management Platform | CI Direct Investing - CI Financial
    CI Direct Investing makes it easy to access financial advice. CI Direct Trading is the best online investment platform for self-directed trading.Invest · Contact Us · High Interest Savings Accounts · Invest Pricing
  12. [12]
    Trading - CI Direct Investing
    You can trade stocks, options, mutual funds, ETFs, GICs, bonds, and new stock issuances. Order types include market, limit, and stop-loss. Pre-market hours are ...
  13. [13]
    CI Financial Reports Financial Results for the Fourth Quarter of 2024
    Feb 28, 2025 · In the fourth quarter of 2024, CI paid $28.7 million in dividends at a rate of $0.20 per share. CI also paid a quarterly dividend of $0.20 per ...
  14. [14]
    CI Financial Reports Total Assets of $532.7 Billion for November 2024
    CI Financial Corp. (CI) (TSX: CIX) today reported preliminary total assets of $532.7 billion as at November 30, 2024.
  15. [15]
    CI Financial Homepage | CI Financial
    CI Financial offers global wealth and asset management advisory services, providing high-quality investments and advice since 1965.Careers · Investor Relations · About Us · Contact Us
  16. [16]
    [PDF] annual report 2023
    Mar 4, 2024 · CI Financial Corp. is a diversified global wealth and asset management company operating primarily in Canada, the United States and ...
  17. [17]
    CI Global Asset Management Announces Portfolio ... - CI Financial
    Sep 26, 2025 · , an integrated global asset and wealth management company with approximately $550.9 billion in assets as at June 30, 2025. Commissions ...
  18. [18]
    Mubadala to take Canada's CI Financial private in about $8.7 billion ...
    Nov 25, 2024 · Abu Dhabi's Mubadala Capital will take CI Financial (CIX.TO) private in a C$12.1 billion ($8.66 billion) all-cash deal, including debt.
  19. [19]
    CI Financial (TSX:CIX) Number of Employees - Stock Analysis
    CI Financial had 2,900 employees as of December 31, 2024. The number of employees increased by 510 or 21.34% compared to the previous year. Employees. 2,900.Missing: count | Show results with:count
  20. [20]
    Institutional - Our story | RBC Global Asset Management
    AUM includes US$6.0B+ in portfolio assets managed by unaffiliated investment advisers based on models provided by RBC Global Asset Management (RBC GAM) entities ...<|separator|>
  21. [21]
    https://www.barrons.com/press-release/igm-financial-inc-announces-october-2025-assets-under-management-advisement-and-net-flows-e0b68659
  22. [22]
    Former CI Financial CEO dies - Investment Executive
    Jul 28, 2014 · Raymond Chang, the former CEO of Toronto-based CI Financial Corp., passed away on Sunday at the age of 65. Chang was one of the founders of ...Missing: history 1965
  23. [23]
    Business Brief: Trump vows tough new tariffs on imports from ...
    Nov 26, 2024 · Founded as Universal Savings Fund Management Limited in 1965, the company was a relatively modest investment adviser for a few decades ...
  24. [24]
    Who We Are | CI Global Asset Management - CI Financial
    CI Global Asset Management has been managing money on behalf of Canadian investors since 1965 ... In 1981, CI Investments Inc. entered the global fund arena with ...
  25. [25]
    investments designed to achieve goals - CI Financial
    CI Global Income & Growth Fund. CI Global Income & Growth Fund (GIG) just crossed $10 billion in assets under management—and it's just getting started.Contact Us · CI GAM Institutional · Prices · Mutual Funds
  26. [26]
    [PDF] ANNUAL FINANCIAL REPORT - AnnualReports.com
    Dec 31, 2018 · CI became a public company in June 1994 and is listed on the Toronto Stock Exchange under the symbol CIX.Missing: renamed | Show results with:renamed
  27. [27]
    Holland named CI's executive chairman - The Globe and Mail
    Aug 25, 2010 · Mr. Holland, who has been CEO since 1999, will devote his energies to important strategic initiatives and pursuing a growth mandate, the Toronto ...
  28. [28]
    Holland takes up executive chairman role at CI Financial
    Aug 25, 2010 · He assumed the additional responsibilities of chief operating officer in November 1999, before being named president in 2005. “Steve and I have ...
  29. [29]
    BPI and CI merger to create huge mutual fund firm | CBC News
    Nov 10, 2000 · Mutual fund company CI Fund Management Inc. said today it will acquire rival BPI Financial Corp. in a $206-million friendly takeover.
  30. [30]
    [PDF] C.I. FUND MANAGEMENT INC. 1999 ANNUAL REPORT
    In August 1999, C.I. Fund Management Inc. acquired all the shares of BPI Financial Corporation and its. 100% stake in BPI Capital Management Corporation. At ...Missing: Assante | Show results with:Assante
  31. [31]
    CI deal shakes up mutual fund sector - The Globe and Mail
    Aug 23, 2003 · The company agreed to pay $846-million in cash and stock to acquire the domestic operations of Assante Corp., a Winnipeg-based fund manager ...
  32. [32]
    CI Funds completes acquisition of Assante - Investment Executive
    CI Fund Management Inc. has completed its acquisition of Assante Corp. The deal includes 1,000 advisors and approximately $17 billion in assets under ...Missing: history 1999 BPI
  33. [33]
    [PDF] CI FINANCIAL CORP. ANNUAL INFORMATION FORM March 5, 2012
    Mar 5, 2012 · Since 1999 the CI Group has made a series of strategic acquisitions including the acquisitions of: ▫. BPI Financial Corporation (“BPI”), in 1999.
  34. [34]
    CI eyes U.S. asset management acquisitions in expansion plan
    Jul 14, 2015 · Canadian money manager CI Financial Corp wants to expand its small presence in the fiercely competitive U.S. market with acquisitions worth ...
  35. [35]
    Kurt MacAlpine appointed Chief Executive Officer of CI Financial
    Aug 6, 2019 · Mr. MacAlpine has valuable experience and exceptional insight into the North American and global wealth and asset management sectors.Missing: 2017 | Show results with:2017
  36. [36]
    [PDF] CI Financial - Annual Reports
    In June 2005, we changed our name to CI Investments Inc. from CI Mutual Funds. Inc. to better reflect our diverse lineup of investment options and our ...Missing: founded renamed
  37. [37]
    CI Financial - Wikipedia
    AUM · CA$450.0 billion. Owner, Mubadala Investment Company. Number of employees ... In August 2025, CI Financial was acquired by the state-owned Emirati ...History · Divisions · Major investments · Mergers and acquisitions
  38. [38]
    Mubadala Capital to Take CI Financial Private via Premium, All ...
    Nov 25, 2024 · CI Financial to go private in $4.7B equity deal with Mubadala Capital, valuing the company at an enterprise value of approximately $12.1B.Missing: privatization | Show results with:privatization
  39. [39]
    Abu Dhabi's Mubadala to Take CI Financial Private in $3.4 Billion Deal
    Nov 25, 2024 · CI Financial Corp. is going private in a C$4.7 billion deal backed by Mubadala Capital. · Shareholders will receive C$32 a share in cash, a 33% ...
  40. [40]
    CI Financial Obtains Shareholder Approval for Plan of Arrangement ...
    Feb 12, 2025 · CI Financial shareholders approved a plan where Mubadala Capital will acquire all shares. The final court order is expected Feb 18, 2025, with ...
  41. [41]
    CI Financial and Mubadala Capital Announce Completion of Take ...
    Aug 13, 2025 · TORONTO, August 13, 2025--CI Financial and Mubadala Capital announce that Mubadala Capital has acquired all outstanding shares of CI, ...
  42. [42]
    CI Global Asset Management Announces Securityholder Approval of ...
    The mergers will be implemented after the close of business on or about April 4, 2025, except for the mergers of CI Canadian Core Plus Bond Fund and CI Global ...
  43. [43]
    CI Global Asset Management Announces Termination of CMVX and ...
    Apr 7, 2025 · Mutual fund mergers. The following mergers were completed after the close of business on April 4, 2025. Securityholders of each Terminating Fund ...
  44. [44]
    CI Financial and Mubadala Capital Announce Completion of Take ...
    Aug 13, 2025 · CI Financial and Mubadala Capital Announce Completion of Take-Private Transaction by Mubadala ... Kurt MacAlpine, Chief Executive Officer of CI. “ ...Missing: international | Show results with:international
  45. [45]
    CI Investments Rebrands as CI Global Asset Management
    Nov 10, 2020 · The rebrand is underway and is scheduled to be completed by the end of the first quarter of 2021. The change was first announced in May 2020.
  46. [46]
    CI Investments Rebrands as CI Global Asset Management
    Nov 10, 2020 · “Rebranding to CI Global Asset Management is a key element of our strategy to modernize our asset management business and create a better ...
  47. [47]
    CI GAM Institutional | CI Global Asset Management - CI Financial
    Today, we are entrusted with managing over $7 billion of client assets, with a client base that spans pension plans, endowments and foundations, First Nations, ...Missing: details | Show results with:details
  48. [48]
    Marret Asset Management Inc. Announces Termination of Marret ...
    Oct 25, 2024 · CI Financial Corp. (TSX: CIX) has a 67% ownership stake in Marret. This communication is provided as a general source of information and should ...
  49. [49]
    CI Financial Reports Total Assets of $532.7 Billion for November 2024
    Dec 30, 2024 · CI Financial's total assets were $532.7 billion as of November 30, 2024, including $140.1B asset management, $103.2B Canadian wealth, $34.5B ...
  50. [50]
    Wealth Planning & Financial Advice | CI Assante Wealth Management
    CI Assante Wealth Management advisors simplify the wealth planning process by providing you with a strategy to meet your life goals.Contact Us · The Assante Advantage · Account Login Portals · Services
  51. [51]
    Our Wealth Management Services | CI Assante Wealth Management
    Discover what Assante can do for you, with services including retirement planning, risk management, tax planning, estate planning, and wealth management.
  52. [52]
    About | CI Private Wealth | Canada - CI Financial
    Discover CI Private Wealth. We provide integrated and comprehensive wealth management to help high-net-worth families achieve their unique financial goals.
  53. [53]
    Private Wealth - CI Financial
    CI Private Wealth, a division of CI Private Counsel LP, is comprised of highly experienced and accredited wealth management specialists who provide a unique ...Services · People · Contact · Careers
  54. [54]
    WealthBar rebrands as CI Direct Investing | Wealth Professional
    May 21, 2020 · Robo-advisor WealthBar is rebranding as CI Direct Investing with parent company CI financial increasing their ownership stake from 75 per ...
  55. [55]
    CI acquires 100% of WealthBar, announces plans for CI Direct ...
    CI acquires 100% of WealthBar, announces plans for CI Direct Investing. The new platform will offer DIY investing and wealth management services. By Rudy ...
  56. [56]
    Client Disclosure | CI Direct Investing - CI Financial
    Clients trading under the Commission Free or Classic commission structures can purchase any ETF commission free. 4. Free Streaming Quotes: 1) Qualifying ...<|control11|><|separator|>
  57. [57]
    CI Direct Investing Support
    Does CI Direct Investing receive commissions or other hidden fees? No, all the ETFs we use are commission free. We are against commissions and hidde… Is ...
  58. [58]
    CI Direct Investing - CI Financial
    Investing with confidence is made easy with CI Direct Investing. CI DI gives professional investment advice for managing impact and ETF portfolios.
  59. [59]
    CI Direct Trading (Formerly Virtual Brokers) Review 2025
    Rating 3.6 · Review by Justin BouchardDec 28, 2023 · Just like many other brokers, Virtual Brokers allows investors to purchase ETFs for free if they trade on the Toronto Stock Exchange (TSX).
  60. [60]
    CI Direct Trading Review for | Hardbacon
    Jul 26, 2023 · Learn all about CI Direct Trading, which features low commissions and free ETF purchases. Plus, discover the platform's biggest drawbacks.
  61. [61]
    Self-Directed Trading Programs - CI Financial
    CI Financial offers self-directed trading with flexible account options, low fees, and a mobile app for trade execution, making it easy to start.
  62. [62]
    CI Financial accelerates its digital strategy with the acquisition of ...
    Dec 14, 2018 · CI Financial's investment in its comprehensive digital strategy also included the acquisition in November 2017 of financial technology company ...
  63. [63]
    How do I know I can trust CI Direct Investing?
    CI Direct Investing is a registered Portfolio Manager across Canada and regulated by the securities commissions of each province. You can and should confirm ...Missing: oversight | Show results with:oversight
  64. [64]
    CI Financial to acquire a majority stake in Grant Samuel Funds ...
    Nov 2, 2016 · CNW/ - CI Financial Corp. ("CI") and Grant Samuel Funds Management ("GSFM") announced today an agreement under which CI will purchase an 80% ...Missing: ownership | Show results with:ownership
  65. [65]
    https://www.pionline.com/article/20161103/ONLINE/161109942/ci-financial-to-take-80-stake-in-grant-samuel-funds-management
  66. [66]
    About us - GSFM
    CI Financial Corp is an independent, Canadian-owned wealth management company with approximately C$550.9 billion in fee-earning assets as at 30 June 2025. Its ...
  67. [67]
    CI Financial Agrees to Buy 65% Stake in Marret Asset Management
    Sep 25, 2013 · CI Financial Corp., the money manager 37 percent owned by Bank of Nova Scotia, agreed to buy a controlling stake in Marret Asset Management Inc.Missing: ownership | Show results with:ownership
  68. [68]
    CI Financial to acquire a majority stake in Marret Asset Management
    Sep 25, 2013 · CI Financial to acquire a majority stake in Marret Asset Management ... (TSX: CIX) is an independent, Canadian-owned wealth management ...
  69. [69]
    [PDF] CI FINANCIAL CORP. ANNUAL INFORMATION FORM March 20 ...
    Mar 20, 2025 · ... CI Mutual Funds Inc., he was responsible for. Page 39. - 37 - analyzing and evaluating financial statements of numerous mutual funds. He also ...Missing: renamed | Show results with:renamed
  70. [70]
    CI Financial and GSFM announce acquisition of stake in Redpoint ...
    CI Financial and GSFM announce acquisition of stake in Redpoint Investment Management. October 17, 2019. TORONTO (October 17, 2019) – CI Financial Corp.
  71. [71]
    CI Financial and GSFM announce acquisition of stake in Redpoint ...
    Oct 17, 2019 · Redpoint management will continue to control 51 per cent of the business. Terms were not disclosed. CI Financial Corp.Missing: ownership | Show results with:ownership
  72. [72]
    CI Financial reports fourth quarter and annual results for 2019
    Feb 14, 2020 · TORONTO (February 14, 2019) - CI Financial Corp. (“CI”) (TSX ... of a 49% equity stake in Redpoint Investment Management Pty Ltd., a ...
  73. [73]
    CI Financial to acquire majority stake in Australia's GSFM
    Nov 4, 2016 · Canadian wealth manager CI Financial has agreed to acquire an 80% share in Australia-based Grant Samuel Funds Management (GSFM) for an ...
  74. [74]
    CI buys majority stake in Marret Asset Management
    Sep 25, 2013 · CI buys majority stake in Marret Asset Management · Companies · CI Financial Corp., Marret Asset Management Inc.Missing: ownership | Show results with:ownership
  75. [75]
    CI Financial completes acquisition of Sentry Investments
    Oct 2, 2017 · ("CI") announced today that it has completed its $780 million acquisition of Sentry Investments Corp. and its subsidiary Sentry Investments Inc.<|separator|>
  76. [76]
    CI Financial to acquire The Hartford's Canadian mutual funds business
    Oct 21, 2010 · Under the agreement, CI will purchase Hartford Investments, manager of 18 mutual funds with approximately C$1.75 billion in assets. The ...
  77. [77]
    C.I. Mutual Funds completes integration of BPI - Investment Executive
    ... C.I. acquired BPI Financial Corp. in August 1999. The former BPI Mutual Funds had an average operating expense of over 50 basis points before the ...Missing: price | Show results with:price
  78. [78]
    CI buys Assante Canada, Synergy Asset Management
    Aug 22, 2003 · CI is paying for $846 million in cash and common shares of CI for Assante's Canadian operations, which consist of an investment management ...
  79. [79]
    CI Financial to buy Sentry Investments - Reuters
    Aug 10, 2017 · CI will acquire sentry and its subsidiary Sentry Investments Inc in a deal for $230 million payable in cash and balance in CI shares.
  80. [80]
    CI Global Asset Management Announces Termination of CMVX and ...
    Apr 7, 2025 · The following mergers were completed after the close of business on April 4, 2025. Securityholders of each Terminating Fund have received the ...
  81. [81]
    Settlement Agreement: In the Matter of CI Mutual Funds Inc.
    Dec 10, 2004 · By Notice of Hearing dated December 12, 2004, the Ontario Securities Commission (the "Commission") announced that it proposed to hold a hearing ...Missing: violations | Show results with:violations
  82. [82]
    Four Canadian Mutual Fund Companies Settle Market Timing ...
    A total of C$156.5 million will be paid under the settlement, with penalties being extracted from CI Fund Management Inc. (C$49.3 million), AGF Fund ...
  83. [83]
    OSC approves fund market-timing settlements - Investment Executive
    An Ontario Securities Commission panel today approved settlements that will result in $156.5 million being distributed to investors harmed by market timing ...
  84. [84]
    [PDF] Information about the Settlement Agreement Between CI Funds
    As part of the settlement, CI has agreed to make a payment of $49.3 million to investors in its mutual funds that were affected by market timing trades ...Missing: Financial | Show results with:Financial
  85. [85]
    Regulators assess $203.2 million in penalties over market timing
    Dec 16, 2004 · Financial regulators assessed more than $200 million in penalties Thursday against four mutual fund companies and three bank investment dealers.Missing: violations | Show results with:violations
  86. [86]
    Settlement Agreement: In the Matter of CI Investments Inc.
    Feb 5, 2016 · Since December 2009, approximately $156.1 million in Interest has accumulated in bank accounts set up by each of the Forward Funds; however, as ...
  87. [87]
    CI Investments to pay clients $156-million in OSC settlement deal
    Feb 10, 2016 · Ms. Foy said CI notified the OSC last June that a review had uncovered evidence that seven of its mutual funds had reported inaccurate NAVs ...
  88. [88]
    OSC No-Contest Settlement with CI Investments Inc. Results in ...
    Feb 10, 2016 · The settlement involves approximately $156.1 million being returned to harmed investors – the largest amount of investor compensation to date in an OSC no- ...Missing: timing violations 2004