CI Financial

CI Financial Kickstarts 2021 with Acquisition of Chicago-based Segall Bryant & Hamill, a Leading High-Net-Worth RIA and Institutional Asset Manager with US$23 Billion in Assets

Retrieved on: 
Monday, January 25, 2021
Other Professional Services, Professional services, Finance, Finance, Money, Financial management, Investment management, Stock market, Wealth management, Corporate finance, CI Financial, Segall Bryant & Hamill, CI Financial

On a stand-alone basis, SBHs US$6.0 billion2 wealth management platform is CIs largest U.S. acquisition to date by asset size.

Key Points: 
  • On a stand-alone basis, SBHs US$6.0 billion2 wealth management platform is CIs largest U.S. acquisition to date by asset size.
  • Acquiring Segall Bryant & Hamill is a major step forward as we continue our U.S. expansion, said Kurt MacAlpine, CI Chief Executive Officer.
  • With this acquisition, CI has established a significant presence in U.S. wealth management, both in asset size and geographic reach.
  • CI managed and advised on approximately C$231 billion (US$182 billion) in client assets as at December 31, 2020.

Canadian High Income Equity Fund Announces Distributions

Retrieved on: 
Friday, January 22, 2021
Finance, Money, Investment funds, Financial markets, Exchange-traded fund, Exchange-traded product, Soft dollar, CI Financial

Founded in 2000, Brompton is an experienced investment fund manager with income focused investment solutions including TSX traded closed-end funds and exchange-traded funds.

Key Points: 
  • Founded in 2000, Brompton is an experienced investment fund manager with income focused investment solutions including TSX traded closed-end funds and exchange-traded funds.
  • You will usually pay brokerage fees to your dealer if you purchase or sell units of the investment fund on the Toronto Stock Exchange or other alternative Canadian trading system (an exchange).
  • There are ongoing fees and expenses associated with owning units of an investment fund.
  • An investment fund must prepare disclosure documents that contain key information about the fund.

CI Financial Announces Earnings Conference Call and Webcast

Retrieved on: 
Thursday, January 21, 2021
Banking, Professional services, Finance, CI Financial, Chief financial officer, Business, Economy of Canada

CI Financial Corp. (CI) (TSX: CIX; NYSE: CIXX) will release its financial results for the fourth quarter of the 2020 fiscal year on Thursday, February 11, 2021.

Key Points: 
  • CI Financial Corp. (CI) (TSX: CIX; NYSE: CIXX) will release its financial results for the fourth quarter of the 2020 fiscal year on Thursday, February 11, 2021.
  • CI will hold a conference call with analysts that day at 9:00 a.m. Eastern Time, led by Chief Executive Officer Kurt MacAlpine and Chief Financial Officer Douglas Jamieson.
  • CI Financial Corp. is an independent company offering global asset management and wealth management advisory services.
  • This press release contains forward-looking statements concerning anticipated future events, results, circumstances, performance or expectations with respect to CI Financial Corp. (CI) and its products and services, including its business operations, strategy and financial performance and condition.

CI Financial Announces Early Redemption of Debentures Due July 2023

Retrieved on: 
Tuesday, January 19, 2021
Banking, Professional services, Finance, Finance, Money, Sports, Corporate finance, Debenture, Debt, CI Financial

CI Financial Corp. (CI) (TSX: CIX ; NYSE:CIXX) today announced its intention to redeem all of the outstanding $325 million principal amount of 3.520% debentures due July 20, 2023 (2023 Debentures).

Key Points: 
  • CI Financial Corp. (CI) (TSX: CIX ; NYSE:CIXX) today announced its intention to redeem all of the outstanding $325 million principal amount of 3.520% debentures due July 20, 2023 (2023 Debentures).
  • CI intends to redeem the 2023 Debentures on or about February 19, 2021 (the Redemption Date) in accordance with their terms.
  • Notice of redemption of the 2023 Debentures will be given to CDS Clearing and Depository Services Inc. (CDS) and Computershare Trust Company of Canada later today.
  • Forward-looking statements in this press release include statements about the intention to early redeem the 2023 Debentures, including timing and price.

CI Financial Announces Redemption Price for Debentures Due November 2021

Retrieved on: 
Friday, January 15, 2021
Banking, Professional services, Finance, Finance, Money, Sports, Corporate finance, Debenture, Debt, CI Financial

CI Financial Corp. (CI) (TSX: CIX ; NYSE:CIXX) today announced that it has determined the redemption price for its $200-million principal amount of 2.775% debentures due November 25, 2021 (2021 Debentures).

Key Points: 
  • CI Financial Corp. (CI) (TSX: CIX ; NYSE:CIXX) today announced that it has determined the redemption price for its $200-million principal amount of 2.775% debentures due November 25, 2021 (2021 Debentures).
  • The redemption price per $100 principal amount of the 2021 Debentures is $101.903 plus accrued and unpaid interest of $0.403, which will be paid up to the day preceding the Redemption Date.
  • CI Financial Corp. is an independent company offering global asset management and wealth management advisory services.
  • Forward-looking statements in this press release include statements about the intention to early redeem the 2021 Debentures, including timing and price .

CI Financial Announces Pricing of US$260 Million Re-Opening of 3.200% Notes Due 2030

Retrieved on: 
Wednesday, January 13, 2021
Professional services, Finance, Finance, Money, Sports, Corporate finance, Debenture, Debt, CIX, CI Financial, New York Stock Exchange

CI Financial Corp. (CI) (TSX: CIX; NYSE: CIXX), a diversified global asset and wealth management company, today announced the pricing of a US$260 million re-opening of its 3.200% notes due 2030 (the Additional Notes).

Key Points: 
  • CI Financial Corp. (CI) (TSX: CIX; NYSE: CIXX), a diversified global asset and wealth management company, today announced the pricing of a US$260 million re-opening of its 3.200% notes due 2030 (the Additional Notes).
  • The Additional Notes will form part of the same series as the outstanding US$700 million principal amount of 3.200% notes due 2030 (the Existing Notes), which were issued on December 17, 2020.
  • The terms of the Additional Notes will be identical to the Existing Notes, other than the issue date and issue price.
  • CI intends to use the net proceeds from this offering to redeem CIs outstanding C$325 million aggregate principal amount of 3.520% debentures due July 20, 2023.

CI Financial Completes Acquisition of Four RIA Firms, Capping a Year of Rapid Growth in U.S. Wealth Management

Retrieved on: 
Monday, January 4, 2021
Banking, Professional services, Finance, Finance, CI Financial, Money, Financial services, Wealth management, Asset management

In less than a year, we have built a US$22-billion wealth management business with operations across the United States, said Kurt MacAlpine, CI Chief Executive Officer.

Key Points: 
  • In less than a year, we have built a US$22-billion wealth management business with operations across the United States, said Kurt MacAlpine, CI Chief Executive Officer.
  • CIs RIA acquisitions are part of its strategic priorities of globalizing the firm and expanding its wealth management platform.
  • CI Financial Corp. is an independent company offering global asset management and wealth management advisory services.
  • CI Global Asset Management is a registered business name of CI Investments Inc.
    View source version on businesswire.com: https://www.businesswire.com/news/home/20210104005741/en/

CI Financial Reports Record Total Assets of $215.6 Billion

Retrieved on: 
Friday, December 11, 2020
Banking, Professional services, Finance, CI Financial

1 Includes $31.6 billion of assets managed by CI and held by clients of advisors with Assante, CIPC and Aligned Capital as at November 30, 2020 ($29.3 billion as at October 31, 2020 and $28.8 billion as at November 30, 2019).

Key Points: 
  • 1 Includes $31.6 billion of assets managed by CI and held by clients of advisors with Assante, CIPC and Aligned Capital as at November 30, 2020 ($29.3 billion as at October 31, 2020 and $28.8 billion as at November 30, 2019).
  • All financial amounts in Canadian dollars unless otherwise stated.
  • CI Financial Corp. (TSX: CIX, NYSE: CIXX) is an independent company offering global asset management and wealth management advisory services.
  • This press release contains forward-looking statements concerning anticipated future events, results, circumstances, performance or expectations with respect to CI Financial Corp. (CI) and its products and services, including its business operations, strategy and financial performance and condition.

CI Financial Announces Pricing of US$700 Million Notes Offering

Retrieved on: 
Thursday, December 10, 2020
Professional services, Finance, Primary dealers, Finance, Banks of the United States, CI Financial, Financial services, BofA Securities, Security

CI Financial Corp. (CI) (TSX: CIX; NYSE: CIXX), a diversified global asset and wealth management company, announced today that it has priced an underwritten public offering of US$700 million aggregate principal amount of 3.200% notes due 2030.

Key Points: 
  • CI Financial Corp. (CI) (TSX: CIX; NYSE: CIXX), a diversified global asset and wealth management company, announced today that it has priced an underwritten public offering of US$700 million aggregate principal amount of 3.200% notes due 2030.
  • BofA Securities, Inc. is acting as book-running manager for the offering, and J.P. Morgan Securities LLC is acting as joint-lead manager.
  • CI Financial Corp. is an independent company offering global asset management and wealth management advisory services.
  • This press release contains forward-looking statements with respect to CI and the offering of its notes, including in relation to the anticipated closing date of the offering and use of the net proceeds of the offering.

CI Financial to Acquire Majority Interest in RGT Wealth Advisors, a Leading Texas-Based Wealth Management Firm with Approximately US$4.7 Billion in Assets

Retrieved on: 
Tuesday, November 24, 2020
Professional services, Finance, Distribution of wealth, High-net-worth individual, Economy, Articles, Finance, RGT Wealth Advisors, CI Financial

The agreement represents CIs 10th direct U.S. wealth management acquisition this year and 13th overall (including acquisitions by CI affiliated RIAs).

Key Points: 
  • The agreement represents CIs 10th direct U.S. wealth management acquisition this year and 13th overall (including acquisitions by CI affiliated RIAs).
  • CI strategically entered the U.S. wealth management industry earlier this year and has become one of the industrys fastest-growing RIA platforms.
  • Upon completion of all previously announced RIA transactions, including RGT, CIs total U.S. wealth assets are expected to reach approximately US$21 billion, boosting CIs total North American wealth management assets to approximately US$68 billion (C$90 billion) and total assets to approximately US$164 billion (C$218 billion).2 CI held total assets of US$152 billion (C$202 billion) as at October 31, 2020.
  • Founded in 1985, RGT Wealth Advisors, LLC provides wealth management and investment management services to high-net-worth individuals and family offices.