CI Financial

Toronto, Canada Founded: 1965 • Age: 61 yrs Acquired By Mubadala
Wealth management and asset management advisory services are provided.
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About CI Financial

CI Financial is a company based in Toronto (Canada) founded in 1965 was acquired by Mubadala in November 2024.. The company has 335 employees as of December 31, 2021. CI Financial has completed 31 acquisitions, including Aligned Capital Partners, Balasa Dinverno Foltz and Barrett Asset Management. CI Financial offers products and services including Mutual Funds, ETFs, and Wealth Management Platforms. CI Financial operates in a competitive market with competitors including Investec, Bank of America, S&P Global, Sun Life Financial and FIS, among others.

  • Headquarter Toronto, Canada
  • Employees 335 as on 31 Dec, 2021
  • Stage Public
  • Sectors
    Financial Services
  • Email
    ***********
  • Phone
    *********
  • Website
    *********
  • Social
    *********
  • Legal Name Ci Us Holdings Inc.
Operational Areas
Financial Services → Investment Management & Advisory
Key Metrics
  • Annual Revenue
  • Net Profit
  • EBITDA
  • Latest Funding Round
    $325 M (USD), Debt – Conventional

    Jul 20, 2018

  • Investors
  • Employee Count
    335

    as on Dec 31, 2021

  • Investments & Acquisitions
  • Acquired by
    Mubadala

    (Nov 26, 2024)

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Products & Services of CI Financial

CI Financial offers a comprehensive portfolio of products and services, including Mutual Funds, ETFs, and Wealth Management Platforms. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.

Primary

Funds for diversified investment strategies and asset growth

Track indices for accessible trading and portfolio diversification

Platforms for personalized financial planning and asset management

People of CI Financial
Headcount 1000-5000
Employee Profiles 6
Board Members and Advisors 6
Employee Profiles
People
Douglas J. Jamieson
EVP, CFO, CI Financial
People
Sean Etherington
President, Assante Wealth Management (Canada) Limited
People
Kurt Macalpine
CEO, Director, CI Financial
People
Roy Ratnavel
EVP, Head of Distribution, CI Investments

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Board Members and Advisors
people
William T. Holland
Chairman
people
David P. Miller
Director
people
Paul J. Perrow
Director
people
Sheila A. Murray
Director

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Funding Insights of CI Financial

  • Total Funding
  • Total Rounds 1
  • Last Round Debt – Conventional — $325.0M
  • First Round

    (20 Jul 2018)

  • Investors Count
Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2018 Amount Debt – Conventional - CI Financial Valuation

investors

Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Jan, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Investors in CI Financial

CI Financial has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Mubadala. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.

All
Institutional
Investor Description Founded Year Domain Location
Sovereign wealth fund of United Arab Emirates
Founded Year Domain Location
Investor Description Founded Year Domain Location
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
Founded Year Domain Location
Startup ecosystems are ignited through strategic investments by Signite Partners.
Founded Year Domain Location
Venture capital is directed toward companies in multiple sectors.
Founded Year Domain Location
Venture capital is invested in cybersecurity, fintech, and AI startups.
Founded Year Domain Location

Investments & Acquisitions by CI Financial

CI Financial has strategically engaged in corporate development activities, having acquired 31 companies. Notable acquisitions include Aligned Capital Partners, Balasa Dinverno Foltz and Barrett Asset Management. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.

Investments
Company Name Description Domain Location Founded Year Amount
Bionic investment advisor platform
2016
Fine Asian gourmet food is offered by an internet-first restaurant.
2016
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
2014
Fine Asian gourmet food is offered by an internet-first restaurant.
2016
Acquisitions
Company Name Description Domain Location Founded Year Amount
Investment and financial advisory services are provided to clients.
2020
Financial advisory, fund, and asset management services are provided.
2020
Back-office solutions for wealth managers
2014
Company Name Description Domain Location Founded Year Amount
OVO is recognized as a smart digital payment application.
2017
Bionic investment advisor platform
2016
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
2014
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
2014

Financial Statements - CI Financial

Tata Steel revenue growth over time
Tata Steel profit and loss trends over time
Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Jan, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Ci Financial Comparisons

Employees
+
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Competitors of CI Financial

CI Financial operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Investec, Bank of America, S&P Global, Sun Life Financial and FIS, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.

Company Name Domain Founded year HQ Location Description
domain founded_year HQ Location
Global banking, investment, and wealth management services are offered worldwide.
domain founded_year HQ Location
Commercial banking and asset management services are offered worldwide.
domain founded_year HQ Location
Platform offering business intelligence solutions that combine data and actionable analytics for clients
domain founded_year HQ Location
Insurance and asset management services are offered to diverse clients.
domain founded_year HQ Location
Software suites for banks and financial institutions are provided.
domain founded_year HQ Location
Financial services are provided to asset managers worldwide.
Company Name Domain Founded year HQ Location Description
domain founded_year HQ Location
Multiple services are booked via an app-based platform.
domain founded_year HQ Location
On-demand services are booked through an app-based platform.
domain founded_year HQ Location
App based platform offering on demand delivery and ride-hailing services
domain founded_year HQ Location
Operates an on-demand hyperlocal delivery app for food and groceries.

Latest news on Ci Financial

Frequently Asked Questions about CI Financial

When was CI Financial founded?

CI Financial was founded in 1965 and raised its 1st funding round 53 years after it was founded.

Where is CI Financial located?

CI Financial is headquartered in Toronto, Canada. It is registered at Toronto, Ontario, Canada.

Who is the current CEO of CI Financial?

Kurt MacAlpine is the current CEO of CI Financial.

How many employees does CI Financial have?

As of Dec 31, 2021, the latest employee count at CI Financial is 335.

What does CI Financial do?

CI Financial was established in 1965 in Toronto, Canada, within the financial services sector. Advisory services for wealth management and asset management are offered to clients. Operations are centered on investment strategies and portfolio guidance, with a focus on North American markets. The company is headquartered in Toronto, serving institutional and individual investors through various advisory platforms. Leadership is provided by CEO Kurt MacAlpine.

Who are the top competitors of CI Financial?

CI Financial's top competitors include Investec, S&P Global and Bank of America.

What products or services does CI Financial offer?

CI Financial offers Mutual Funds, ETFs, and Wealth Management Platforms.

How many acquisitions has CI Financial made?

CI Financial has made 31 acquisitions, including Aligned Capital Partners, Balasa Dinverno Foltz, and Barrett Asset Management.

Who are CI Financial's investors?

CI Financial has 1 investor. Key investors include Mubadala.

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