CI Financial Corp.

OTCPK:CIXX.F Stock Report

Market Cap: US$3.0b

CI Financial Management

Management criteria checks 3/4

CI Financial's CEO is Kurt MacAlpine, appointed in Sep 2019, has a tenure of 5.25 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 $10.72M. The average tenure of the management team and the board of directors is 3.6 years and 6.1 years respectively.

Key information

Kurt MacAlpine

Chief executive officer

CA$9.7m

Total compensation

CEO salary percentage12.5%
CEO tenure5.3yrs
CEO ownership0.4%
Management average tenure3.6yrs
Board average tenure6.1yrs

Recent management updates

Recent updates

CI financial reports November AUM at an all time high

Dec 22

CI Financial Non-GAAP EPS of C$0.7, revenue of C$513.6M

Nov 10

CI Financial's total assets slide to $245.2B in September vs. August

Oct 17

CI Financial goes ex dividend tomorrow

Sep 28

CI Financial assets totaled C$345.9B in August, down 0.8% from July

Sep 15

CI Financial Non-GAAP EPS of C$0.78, revenue of C$566.6M

Aug 11

CI Financial reports $333.7B in prelim June total assets

Jul 21

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 ($USD6.75M) is about average for companies of similar size in the US market ($USD6.65M).

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

CEO

Kurt MacAlpine (42 yo)

5.3yrs

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 & Director5.3yrsCA$9.73m0.35%
$ 10.7m
Amit Muni
Executive VP & CFO3.6yrsCA$2.28m0.048%
$ 1.5m
Marc-André Lewis
Executive VP1.9yrsCA$3.28m0.021%
$ 641.9k
Sean Etherington
EVP & Co-Head Canada Wealth2.9yrsCA$1.02m0.022%
$ 659.5k
Christopher Enright
EVP & Co-Head Canada Wealth2.8yrsCA$1.01m0.61%
$ 18.6m
Darie Urbanky
President6.3yrsCA$1.61m0.10%
$ 3.1m
Jason Weyeneth
Vice President of Investor Relations & Strategyno datano datano data
Edward Kelterborn
Executive VP & Chief Legal Officer5.8yrsCA$1.16m0.019%
$ 576.8k
Murray Oxby
Vice President of Communicationsno datano datano data
Julie Silcox
Executive VP & Chief Marketing Officerno dataCA$1.32m0.025%
$ 775.4k
Manisha Burman
Executive VP & Chief Human Resources Officer2.4yrsno data0.010%
$ 313.2k
Amarjit Anderson
Chief Risk Officer4.1yrsno datano data

3.6yrs

Average Tenure

Experienced Management: CIXX.F's management team is considered experienced (3.6 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Kurt MacAlpine
CEO & Director5.3yrsCA$9.73m0.35%
$ 10.7m
William Holland
Independent Chairman & Lead Director30.9yrsCA$275.41k8.4%
$ 255.5m
Sarah Ward
Independent Director2.8yrsCA$190.33k0.018%
$ 535.8k
Paul Perrow
Independent Director6.5yrsCA$185.24k0.27%
$ 8.3m
William Butt
Independent Director5.8yrsCA$200.33k0.18%
$ 5.4m
Brigette Chang-Addorisio
Independent Director6.5yrsCA$185.24k0.33%
$ 10.1m

6.1yrs

Average Tenure

60yo

Average Age

Experienced Board: CIXX.F's board of directors are considered experienced (6.1 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/27 15:46
End of Day Share Price 2024/12/27 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

CI Financial Corp. is covered by 19 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
John AikenBarclays
John ReucasselBMO Capital Markets Equity Research
Samira AminiBofA Global Research