CI Financial Corp.

TSX:CIX Stock Report

Market Cap: CA$4.4b

CI Financial Management

Management criteria checks 2/4

CI Financial's CEO is Kurt MacAlpine, appointed in Sep 2019, has a tenure of 5.17 years. total yearly compensation is CA$9.73M, comprised of 12.5% salary and 87.5% bonuses, including company stock and options. directly owns 0.35% of the company’s shares, worth CA$15.61M. The average tenure of the management team and the board of directors is 3.5 years and 6 years respectively.

Key information

Kurt MacAlpine

Chief executive officer

CA$9.7m

Total compensation

CEO salary percentage12.5%
CEO tenure5.2yrs
CEO ownership0.4%
Management average tenure3.5yrs
Board average tenure6yrs

Recent management updates

Recent updates

CI Financial (TSE:CIX) Is Paying Out A Dividend Of CA$0.20

Nov 01
CI Financial (TSE:CIX) Is Paying Out A Dividend Of CA$0.20

CI Financial Corp. (TSE:CIX) Held Back By Insufficient Growth Even After Shares Climb 26%

Oct 31
CI Financial Corp. (TSE:CIX) Held Back By Insufficient Growth Even After Shares Climb 26%

CI Financial's (TSE:CIX) Dividend Will Be CA$0.20

Oct 17
CI Financial's (TSE:CIX) Dividend Will Be CA$0.20

There Is A Reason CI Financial Corp.'s (TSE:CIX) Price Is Undemanding

Jul 16
There Is A Reason CI Financial Corp.'s (TSE:CIX) Price Is Undemanding

CI Financial's (TSE:CIX) Shareholders Will Receive A Bigger Dividend Than Last Year

Nov 10
CI Financial's (TSE:CIX) Shareholders Will Receive A Bigger Dividend Than Last Year

CI Financial (TSE:CIX) Will Pay A Larger Dividend Than Last Year At CA$0.20

Sep 30
CI Financial (TSE:CIX) Will Pay A Larger Dividend Than Last Year At CA$0.20

CI Financial (TSE:CIX) Has Affirmed Its Dividend Of CA$0.18

Jul 28
CI Financial (TSE:CIX) Has Affirmed Its Dividend Of CA$0.18

CI Financial's (TSE:CIX) Dividend Will Be CA$0.18

Jul 14
CI Financial's (TSE:CIX) Dividend Will Be CA$0.18

CI Financial (TSE:CIX) Has Affirmed Its Dividend Of CA$0.18

Jun 23
CI Financial (TSE:CIX) Has Affirmed Its Dividend Of CA$0.18

CI Financial (TSE:CIX) Is Paying Out A Dividend Of CA$0.18

May 12
CI Financial (TSE:CIX) Is Paying Out A Dividend Of CA$0.18

CI Financial (TSE:CIX) Is Paying Out A Dividend Of CA$0.18

Apr 01
CI Financial (TSE:CIX) Is Paying Out A Dividend Of CA$0.18

CI Financial (TSE:CIX) Will Pay A Dividend Of CA$0.18

Jan 24
CI Financial (TSE:CIX) Will Pay A Dividend Of CA$0.18

CI Financial (TSE:CIX) Is Due To Pay A Dividend Of CA$0.18

Dec 30
CI Financial (TSE:CIX) Is Due To Pay A Dividend Of CA$0.18

CI Financial's (TSE:CIX) Dividend Will Be CA$0.18

Nov 26
CI Financial's (TSE:CIX) Dividend Will Be CA$0.18

CI Financial Corp. Just Missed EPS By 89%: Here's What Analysts Think Will Happen Next

Nov 13
CI Financial Corp. Just Missed EPS By 89%: Here's What Analysts Think Will Happen Next

CI Financial (TSE:CIX) Is Due To Pay A Dividend Of CA$0.18

Nov 12
CI Financial (TSE:CIX) Is Due To Pay A Dividend Of CA$0.18

CEO Compensation Analysis

How has Kurt MacAlpine's remuneration changed compared to CI Financial's earnings?
DateTotal CompensationSalaryCompany Earnings
Sep 30 2024n/an/a

-CA$69m

Jun 30 2024n/an/a

-CA$54m

Mar 31 2024n/an/a

-CA$179m

Dec 31 2023CA$10mCA$1m

CA$5m

Sep 30 2023n/an/a

CA$59m

Jun 30 2023n/an/a

CA$86m

Mar 31 2023n/an/a

CA$192m

Dec 31 2022CA$7mCA$1m

CA$300m

Sep 30 2022n/an/a

CA$433m

Jun 30 2022n/an/a

CA$462m

Mar 31 2022n/an/a

CA$423m

Dec 31 2021CA$11mCA$1m

CA$409m

Sep 30 2021n/an/a

CA$391m

Jun 30 2021n/an/a

CA$477m

Mar 31 2021n/an/a

CA$480m

Dec 31 2020CA$6mCA$800k

CA$476m

Sep 30 2020n/an/a

CA$519m

Jun 30 2020n/an/a

CA$527m

Mar 31 2020n/an/a

CA$519m

Dec 31 2019CA$5mCA$267k

CA$538m

Compensation vs Market: Kurt's total compensation ($USD6.92M) is above average for companies of similar size in the Canadian market ($USD3.10M).

Compensation vs Earnings: Kurt's compensation has increased whilst the company is unprofitable.

CEO

Kurt MacAlpine (42 yo)

5.2yrs

Tenure

CA$9,730,884

Compensation

Mr. Kurt MacAlpine is Chief Executive Officer of Corient Private Wealth LLC from March 2022. He serves as CEO & Director at CI Financial Corp. (formerly known as CI Financial Income Fund) since September 1...

Leadership Team

NamePositionTenureCompensationOwnership
Kurt MacAlpine
CEO & Director5.2yrsCA$9.73m0.35%
CA$ 15.6m
Amit Muni
Executive VP & CFO3.5yrsCA$2.28m0.048%
CA$ 2.1m
Marc-André Lewis
Executive VP1.8yrsCA$3.28m0.021%
CA$ 935.0k
Sean Etherington
EVP & Co-Head Canada Wealth2.8yrsCA$1.02m0.022%
CA$ 960.7k
Christopher Enright
EVP & Co-Head Canada Wealth2.7yrsCA$1.01m0.61%
CA$ 27.1m
Darie Urbanky
President6.2yrsCA$1.61m0.078%
CA$ 3.4m
Jason Weyeneth
Vice President of Investor Relations & Strategyno datano datano data
Edward Kelterborn
Executive VP & Chief Legal Officer5.8yrsCA$1.16m0.019%
CA$ 840.2k
Murray Oxby
Vice President of Communicationsno datano datano data
Julie Silcox
Executive VP & Chief Marketing Officerno dataCA$1.32m0.025%
CA$ 1.1m
Manisha Burman
Executive VP & Chief Human Resources Officer2.3yrsno data0.010%
CA$ 456.2k
Amarjit Anderson
Chief Risk Officer4yrsno datano data

3.5yrs

Average Tenure

Experienced Management: CIX's management team is considered experienced (3.5 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Kurt MacAlpine
CEO & Director5.2yrsCA$9.73m0.35%
CA$ 15.6m
William Holland
Independent Chairman & Lead Director30.8yrsCA$275.41k8.4%
CA$ 372.2m
Sarah Ward
Independent Director2.8yrsCA$190.33k0.018%
CA$ 780.4k
Paul Perrow
Independent Director6.4yrsCA$185.24k0.27%
CA$ 12.0m
William Butt
Independent Director5.7yrsCA$200.33k0.18%
CA$ 7.9m
Brigette Chang-Addorisio
Independent Director6.4yrsCA$185.24k0.33%
CA$ 14.8m

6.0yrs

Average Tenure

60yo

Average Age

Experienced Board: CIX's board of directors are considered experienced (6 years average tenure).