Page 9 - சீரமைக்கப்பட்டது மூலதனம் கூட்டாளர்கள் News Today : Breaking News, Live Updates & Top Stories | Vimarsana
FP Explains: Everything you need to know about using a reverse mortgage
thegraphicleader.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thegraphicleader.com Daily Mail and Mail on Sunday newspapers.
FP Answers: Can I retire at age 63? And when should I convert my RRSP to a RRIF?
thecragandcanyon.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thecragandcanyon.ca Daily Mail and Mail on Sunday newspapers.
Mark Burgess
Toronto-based CI Financial Corp. reported a $124.2-million profit for the first quarter, with assets under management growing despite another period of net redemptions.
The asset manager’s $124.2-million net income attributable to shareholders was 3% higher than the same period last year, and 18% higher than the previous quarter.
Adjusted earnings per share of $0.73 in Q1, a 30% year-over-year increase, beat analyst expectations. So did record adjusted revenue of $603.2 million, a 22% improvement from the same period in 2020.
Assets under management on March 31 totalled $138.5 billion, an increase of 3% from Dec. 31 and 25% higher than a year ago. Canadian wealth management assets totalled $71.1 billion at the end of Q1, a 6% increase from the previous quarter and 61% higher than a year ago. Much of that increase can be attributed to CI’s acquisition of Aligned Capital Partners Inc. in October 2020.
vimarsana © 2020. All Rights Reserved.