CI Financial Corp (CI) is a diversified wealth management firm and an independent investment fund company. It manages, markets, administers and distributes financial products and services. Its products include mutual funds, exchange-traded funds, segregated funds, financial planning, insurance, investment advice, wealth management, distribution of securities, and estate and succession planning. CI distributes its products through insurance advisors, brokers, and independent financial planners. The company along with its subsidiaries operates in Canada, the US, and Australia. CI is headquartered in Toronto, Ontario, Canada.
Headquarters
Canada
Address
15 York Street, 2nd Floor, Toronto, Ontario, M5J0A3
Website
www.cifinancial.com
Telephone
1 416 3641145
No of Employees
2,300
Industry
Financial Services
Ticker Symbol & Exchange
CIX (TSE)
Revenue (2022)
$1.9B
8.3%
(2022 vs 2021)
EPS
XYZ
Net Income (2022)
XYZ
-98.3%
(2022 vs 2021)
Market Cap*
$1.9B
Net Profit Margin (2022)
XYZ
-98.5%
(2022 vs 2021)
* As of and is in US$
CI Financial Corp premium industry data and analytics
Products and Services
| Products | Services |
|---|---|
| Mutual Funds | Wealth Management |
| Segregated Funds | Portfolio Management |
| Managed Funds | Investment Advisory Services |
| XYZ | XYZ |
| XYZ | XYZ |
| XYZ | XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2023 | Contracts/Agreements | In August, the company entered into an agreement to acquire Coriel Capital Inc. |
| 2023 | Plans/Strategy | In March, the company announced its plans to acquire Avalon Advisors for US$8.4 billion. |
| 2022 | Contracts/Agreements | In August, the company and CGI entered into a long-term strategic partnership under which CGI to transform CI’s investment fund transfer agency operations into an industry-leading platform with enhanced capabilities. |
Competitor Comparison
| Key Parameters | CI Financial Corp | Royal Bank of Canada | IGM Financial Inc | AGF Management Ltd | Sprott Inc. |
|---|---|---|---|---|---|
| Headquarters | Canada | Canada | Canada | Canada | Canada |
| City | Toronto | Toronto | Winnipeg | Toronto | Toronto |
| State/Province | Ontario | Ontario | Manitoba | Ontario | Ontario |
| No. of Employees | 2,300 | 90,166 | 4,010 | 634 | 129 |
| Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| William T Holland | Chairman | Executive Board | 1994 | 64 |
| Kurt MacAlpine | Director; Chief Executive Officer | Executive Board | 2019 | 41 |
| Amit Muni | Chief Financial Officer; Executive Vice President | Senior Management | 2021 | - |
| Darie Urbanky | President; Chief Operating Officer | Senior Management | - | - |
| Julie Silcox | Executive Vice President; Chief Marketing Officer | Senior Management | - | - |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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