09:53 AM EST - CI Financial Corp. : Today released unaudited financial results for the quarter ended June 30, 2015. Average assets under management reached a record $109.8 billion for the second quarter, an increase of 12% from the same quarter in the previous year. At June 30, 2015, CI's assets under management reached $108.8 billion, up 9% from $99.9 billion at June 30, 2014. Net sales of $2.7 billion in the first half of 2015 matched the record pace of net sales in the first half of 2014. Net income for the quarter was $138.9 million, a 9% increase over $127.8 million in the second quarter of 2014. CI's earnings were impacted by a non-recurring $4.8 million ($3.5 million after-tax) provision for a voluntary settlement with clients of a former advisor. CI's earnings, adjusted for this item, were $142.4 million ($0.51 per share) up 11% from the prior year. CI Financial Corp.
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