CI Financial Corp. Market Research Report
Company Overview
Name and Mission
- Name: CI Financial Corp.
- Mission: Setting the standard for investment excellence to create a better client experience by offering global wealth management and asset management advisory services.
Founding and Founders
- Founded: 1965
- Founders: No information is available
Key People
- William T. Holland: Chairman of the Board
- William (Bill) Butt: Director
- Brigette Chang: Director
- Kurt MacAlpine: Chief Executive Officer and Director
- Paul J. Perrow: Director
- Sarah M. Ward: Director
Headquarters
- Location: 15 York Street, 2nd Floor, Toronto, Ontario, M5J 0A3
Number of Employees
- No information is available
Revenue
- No information is available
Known For
CI Financial is known for providing innovative investment and wealth management strategies and services.
Products
Products Offered
1. CI Private Wealth
- Description: Provides holistic wealth planning services to high-net-worth individuals, business owners, and families.
- Key Features:
- Personalized wealth plans
- Comprehensive financial advice
- Custom solutions for complex wealth needs
2. CI Global Asset Management
- Description: Offers a modern lineup of traditional and alternative investment strategies.
- Key Features:
- Diverse range of mutual funds, ETFs, and private market funds
- Strategies for all asset classes and regions
- Focus on ESG strategies and alternative investments
3. CI Investment Services
- Description: Provides secure platforms tailored to keep investor assets safe.
- Key Features:
- Continuous innovation
- Secure investment management
4. CI Direct Investing
- Description: An online platform offering managed investment portfolios and financial planning.
- Key Features:
- Low fees
- Commission-free advice
- Automated investment solutions
5. CI Assante Wealth Management
- Description: One of Canada's largest independent financial advisory firms.
- Key Features:
- Personalized wealth management strategies
- Risk management and insurance solutions
- Tax and estate planning
Recent Developments
2023 Highlights
- Rebranding and Acquisitions: CI Private Wealth U.S. rebranded as Corient to reflect a client-oriented approach. Acquired Avalon Advisors, Intercontinental Wealth Advisors, and La Ferla Group in the U.S.
- Product Development: CI Global Asset Management launched new mutual funds, ETFs, and private market funds.
- New Partnerships: Formation of in-house trust company to enhance service offerings in the U.S.
- Stake Sale: Sold a 20% minority stake in the U.S. wealth management business for approximately $1.34 billion.
- Canadian Expansion: Acquired Coriel Capital in Montreal, enhancing offerings for ultra-high-net-worth families.
- Recognition: Named to the 2023 Report on Business magazine’s Women Lead Here list for strong female representation in leadership.
Summary
CI Financial Corp. has a substantial presence in global wealth management and asset management with a legacy of innovation and strategic growth. The company is continually expanding its services through acquisitions, rigorous product development, and maintaining a strong commitment to diversity and excellence in leadership. With a focus on providing tailored solutions to high-net-worth individuals and institutions, CI aims to remain a leader by evolving with the changing needs of its clients.
