Revenue-Investment-Performance

CI Financial has reported assets under management of $117.9 billion for year-end 2016, up $6.8 billion or 6% from 2015. The company reports strong fund performance in four of the last five quarters but declining net sales due to net redemptions from institutions and from the IIROC-licensed advisor channel.

Total assets, which include mutual, segregated and hedge funds; separately managed accounts; structured products; ETFs; pooled funds; and assets under advisement were $156.1 billion at year-end, up $10.4 billion from $145.7 billion last year.

Net income was $503 million, adjusted earnings per share were $1.96 and adjusted EBITDA per share were $3.24. That compares, respectively, to $553.5 million, $2.02 and $3.37 for 2015.

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Originally published on Advisor.ca

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