Q4 2022 CI Financial Corp Earnings Call Transcript
Hello, everyone, and welcome to the CI Financial Fourth Quarter 2022 Earnings Conference Call. My name is Bruno, and I will be operating your call today. (Operator Instructions)
I will now hand over to your host, Kurt MacAlpine, CEO of CI Financial.
Good morning, everyone, and welcome to CI Financial's fourth quarter earnings call. Joining me 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, an update on the execution of select items of our corporate strategy, then we will take your questions.
We ended 2022 with strong Q4 results, capping off a successful year where we executed well and made material progress against our strategic initiatives. Our adjusted EPS of $0.74 represents a $0.01 increase from the prior quarter. This reflects lower average AUM in our asset management business, more than offset by stronger profitability from our Canadian and U.S. wealth businesses. For
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