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CI Financial’s assets under management (AUM) rose to $139.2 billion in Q1 2018, a 15% year-over-year increase, the firm said Friday.

The year-over-year increase was primarily due to strong market performance over the past 12 months and the acquisition of Sentry Investments Corp. in October 2017, a release said.

CI’s AUM for the first quarter of this year declined from $143 billion in Q4 2017.

CI Financial also reported its net income was $159 million, or $0.59 per share, for Q1 2018, an increase of 9% from $146.5 million, or $0.55 per share, for Q1 2017.

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Originally published on Advisor.ca
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