CI Financial Corp (TSX:CIX)
C$ 14.15 0.14 (1%) Market Cap: 2.14 Bil Enterprise Value: 5.92 Bil PE Ratio: 0 PB Ratio: 2.46 GF Score: 85/100

Q1 2023 CI Financial Corp Earnings Call Transcript

May 11, 2023 / 01:00PM GMT
Release Date Price: C$15.4 (+23.20%)
Operator

Hello, everyone, and welcome to the CI Financial First Quarter 2023 Earnings Call. My name is Chach, and I'll be the coordinator for this conference. (Operator Instructions).

I would now like to hand over to Kurt MacAlpine, CEO of CI Financial, to begin. Please go ahead.

Kurt MacAlpine
CI Financial Corp. - CEO & Director

Good morning, everyone, and welcome to CI Financial's first quarter earnings call. Joining me this morning is our CFO, Amit Muni. Together, we'll cover the following: an overview of the highlights of the quarter, a review of our financial performance during the quarter, a discussion of the minority investment in our U.S. wealth business announced this morning. Then, we will take your questions.

We produced solid core financial results in Q1 that represent a continuation of the strategic progress and momentum we've built since launching our new strategy. Our adjusted EPS of $0.74 is unchanged from Q4, reflecting another quarter of net inflows across all 3 of our businesses, disciplined discretionary expense management and

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