Firm reports $302 billion in client assets and $2.4 billion inflows
IGM Financial Inc. has delivered all-time highs in earnings and client asset levels in the third quarter highlighting the Winnipeg based firm’s increasing strength in the wealth management and advisory space.
IGM reported net earnings of approximately CAD $298 million for Q3, up about 25% from the same quarter a year earlier. Adjusted net earnings rose by roughly 23% to around $301 million.
Assets under management and advisement climbed to $302.6 billion, a 14% increase year-over-year, while the total including strategic investments reached $562.4 billion, up around 22%, while net inflows swung back into positive territory at $2.4 billion, compared to net outflows of $272 million in Q3 2024.
Much of the growth is being driven by the wealth management side of IGM’s business with adjusted net earnings available to common shareholders up almost 27% and representing 52.5% of IGM’s adjusted net earnings.
For the firm’s core advisory business under IG Wealth Management, AUA hit $155.9 billion, up 14% percent year-over-year. Quarterly net client inflows reached $426 million, up from C$330 million a year earlier, and gross client inflows hit a record $3.8 billion, a 10% increase.
“We posted best-ever adjusted net earnings of $301.2 million, driven by strong performance at our core operating companies, IG Wealth Management and Mackenzie Investments. This was underpinned by historic client asset levels and strong net sales in the period of $2.4 billion,” said CEO James O’Sullivan. “In addition, the fair value of our investments in Wealthsimple and Rockefeller increased by $680 million and $750 million, respectively, which highlights the long-term growth potential inherent in our portfolio of companies.”
On the asset-management side, principally through Mackenzie Investments, adjusted net earnings increased by 21% percent and AUM (including strategic investments) rose 19% year-over-year to $421.8 billion. Net sales turned around from outflows last year to net positive flows of $2.0 billion in the quarter.
IGM declared a quarterly dividend of $0.5625 per share payable in January 2026.
The firm also flagged risks and uncertainties inherent in market, currency, regulatory, and macro-economic conditions.
From a strategic vantage point, IGM is riding the tailwinds of higher asset levels and stronger inflows, though continued execution will depend on sustaining advisor productivity, enhancing client engagement and managing cost pressures.
