June 17, 2024

Whether it’s adding on or spinning off, CI Financial’s still young stateside wealth business continues to be a point of pride for the Toronto-based firm’s leaders as difficult market conditions rear their head in quarterly earnings.
“Our expansion in wealth management in the United States and Canada has added stability and diversification to our business, with our U.S. operations making increasing contributions to revenues and earnings, CI Financial CEO Kurt MacAlpine said in a second-quarter earnings statement released Thursday
“Despite continued volatility in capital markets, we achieved year-over-year growth in overall EBITDA, earnings per share and free cash flow per share.”
Scroll down to see the most important wealth management takeaways from CI Financial’s Q2 earnings report.
Note: CI Financial discloses its quarterly returns in Canadian dollars. Unless otherwise mentioned, all figures are in Canadian rather than U.S. dollars.
Buyers and sellers are overhauling their firms by folding in accounting and newly-launched independent advisors.
Members of the influential fee-only planners group paid tribute to the growth and professionalism during their outgoing chief’s tenure.
A retirement plan and wealth practice spanning $1.4 billion displays how independent moves in 2022 are keeping up with or even surpassing those from 2021.
Why industry veterans Christopher J. Asher, Jason D. Cooke and Vincent J. Camarda, charged in separate cases. will go by “defendant” and not “CFP.”
The company’s CEO offered a rare perspective on what the industry can learn from it.
Two RIA acquisitions added $7.7 billion in client assets to the Toronto-based firm’s U.S. platform in Q2.
Marketing can lift advisory businesses to new heights by helping financial advisors identify their value proposition, make an inclusive appeal and use new digital tools.

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