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IGM Financial is one of Canada’s premier personal financial services companies, and one of the country’s largest managers and distributors of mutual funds and other managed asset products.

The company serves the financial needs of Canadians through multiple distinct businesses, including IG Wealth Management, Mackenzie Investments and Investment Planning Counsel.

IGM Financial Website

Latest reports
2018 Annual Report
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3rd Quarter Report 2018
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Subsidiaries

IG Wealth Management

IG Wealth Management

IG Wealth Management is a national leader in delivering personalized financial solutions through its network of consultants to nearly one million Canadians.

IG Wealth Management is committed to comprehensive planning and offers an exclusive family of mutual funds and other investment vehicles, along with a wide range of insurance, securities, mortgage and other financial services.

Mackenzie Investments

Mackenzie Investments

Mackenzie Investments is recognized as one of Canada’s premier investment managers and provides investment advisory and related services through multiple distribution channels focused on the provision of financial advice.

Mackenzie offers mutual funds, pooled funds, segregated accounts and separate accounts for retail and institutional investors.

Investment Planning Counsel

Investment Planning Counsel

Investment Planning Counsel is an integrated financial service company focused on providing Canadians with high-quality financial products, services, and advice through its network of independent financial advisors. The company if dedicated to providing independent financial advisors with the tools, products and support they need to build a successful business and serve a wide range of clients.

Investment Planning Counsel is one of the largest financial planning organizations in Canada. Since its inception in 1996, it has continued to evolve and grow to meet the needs and expectations of its clients and advisors.


Financial Highlights

 

 

For the three months ended

For the years ended

(In millions of Canadian dollars, except per share amounts or as otherwise noted)
(unaudited)

Dec. 31
2018

Sept. 30
2018

Dec. 31
2017(1)

Dec. 31
2018

Dec. 31
2017(1)

Financial highlights(1) 

         

Revenues

791.5 832.0 792.7 3,249.1

3,154.0

Earnings available to common shareholders

         

Net earnings

179.9 198.2 50.6 767.3

601.9

Adjusted net earnings(2)

179.9 222.7 191.4 791.8

727.8

Diluted earnings per share

         

Net earnings

0.75 0.82 0.21 3.18

2.50

Adjusted net earnings(2)

0.75 0.92 0.79 3.29

3.02

Return on equity

       

 

Net earnings

17.7% 18.2% 12.9% 17.7% 12.9%

Adjusted net earnings(2)

18.2% 18.9% 15.6% 18.2%

15.6%

Dividends per share

0.5625 0.5625 0.5625 2.2500

2.2500

Average daily investment fund assets (in billions)

147.0 154.0 148.1 150.5

143.7

Total assets under management (in billions)

149.1 159.7 156.5 149.1

156.5

(1) As of January 1, 2018, IGM Financial adopted IFRS 9, Financial Instruments, and IFRS 15, Revenue from Contracts with Customers. IGM Financial elected not to restate its comparative information for the effect of applying these new standards. Refer to IGM Financial's most recent consolidated financial statements and Management's Discussion and Analysis for the impacts of the adoption of these standards. 
(2) Adjusted net earnings are a non-IFRS financial measure. Refer to IGM Financial's most recent Management’s Discussion and Analysis for the definition of non-IFRS financial measures and their reconciliation with IFRS financial measures.

For the years ended December 31 [in millions of Canadian dollars, except as otherwise noted]
(unaudited)

2018

2017

2016

2015

2014

Consolidated Statements of Earnings

         
Revenues          

Fee income

3,037.2

3,005.7 2,856.9 2,836.1

2,762.5

Net investment income and other

211.9

167.3 187.8 195.2

166.3

 

3,249.1

3,173.0 3,044.7 3,031.3

2,928.8

Expenses

2,229.6

2,224.4 2,097.8 2,006.6

1,864.6

 

1,019.5

948.6 946.9 1,024.7 1,064.2
Other items (before tax)          

Premium paid on early redemption of debentures

(10.7)

- - - -

Restructuring and other

(22.7)

(195.3) - (33.9) (18.3)

Pension plan 

-

50.4 - - -

Proportionate share of associate's one-time charges

-

(14.0) - - -

Proportionate share of associate's provision

-

(5.1) - - -

Client distributions and other costs

-

- - - (81.0)

Earnings before income taxes

986.1

784.6 946.9 990.8

964.9

Income taxes

210.0

173.9 167.6 210.3

202.8

Net earnings

776.1

610.7 779.3 780.5

762.1

Perpetual preferred share dividends

8.8

8.8

8.8

8.8

8.8

Net earnings available to common shareholders

767.3

601.9 770.5 771.7

753.3

Adjusted net earnings available to common shareholders(1)

791.8

727.8 736.5 796.0

826.1

Other items          

Premium paid on early redemption of debentures, net of tax

(7.8)

- - - -

Restructuring and other, net of tax

(16.7)

(143.6) - (24.3) (13.6)

Pension plan, net of tax

-

36.8 - - -

Proportionate share of associate's one-time charges

-

(14.0) - - -

Proportionate share of associate's provision 

-

(5.1) - - -

Reduction in income tax estimates related to certain tax filings

-

- 34.0 -  

Client distributions and other costs, net of tax

-

- - - (59.2)

Net earnings available to common shareholders

767.3

601.9 770.5 771.7 753.3

Diluted earnings per share

         

Net earnings available to common shareholders

3.18

2.50 3.19 3.11

2.98

Adjusted net earnings available to common shareholders(1)

3.29

3.02 3.05 3.21

3.27

Dividends per common share

2.25

2.25

2.25 2.25

2.18

Average daily investment fund assets

150,502

143,735 130,201 129,643 123,540

Total assets under management

149,066

156,513 142,688 134,398 141,919

Outstanding common shares (in thousands)

240,885

240,666 240,516 244,788 251,469

Return on average common equity (ROE) (%)

         

Net earnings

17.7

12.9 17.1 16.9

16.2

Adjusted net earnings(1)

18.2

15.6

16.3

17.4

17.8

(1) Non-IFRS financial measures. Refer to IGM Financial's most recent Management’s Discussion and Analysis for the definition of non-IFRS financial measures and their reconciliation with IFRS financial measures.


 

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