07:43 AM EDT, 08/19/2024 (MT Newswires) -- CI Financial ( CIXXF ) on Monday reported preliminary total assets of $511.3 billion at July 31, the first time its total assets have surpassed the $500-billion milestone.

CI's total assets consist of asset management assets of $133.3 billion, Canadian wealth management assets of $98.2 billion, Canadian custody assets of $30.3 billion, and U.S. wealth management assets of $249.4 billion.

Corient, CI's U.S. wealth management subsidiary, acquired two registered investment advisors with combined assets of $8.2 billion. The acquisitions became effective July 31.