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IGM Financial is a leading wealth and asset management company supporting financial advisors and the clients they serve in Canada, and institutional investors throughout North America, Europe and Asia. Through its operating companies, IGM provides a broad range of financial planning and investment management services to help Canadians meet their financial goals at every stage of their lives.

The company creates value for shareholders through three key areas:

• Wealth Management
• Asset Management
• Strategic Investment.

IGM Financial Website

Latest reports
2020 Annual Report
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1st Quarter Report 2021
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By the numbers

Subsidiaries and investments

IG Wealth Management

IG Wealth Management

IG Wealth Management is a national leader in providing personalized financial solutions delivered through long-term client and advisor relationships to approximately one million individuals, families and business owners in Canada.

Mackenzie Investments

Mackenzie Investments

Mackenzie Investments is an investment management firm providing services through multiple product offerings utilizing proprietary investment research and experienced investment professionals. Mackenzie Investments distributes its products and services primarily through multiple distribution channels to both retail and institutional investors.

Investment Planning Counsel

Investment Planning Counsel

Investment Planning Counsel is an integrated financial services company focused on providing Canadians with high-quality financial products, services and advice through its network of approximately 730 independent financial advisors.


Financial Highlights

 

 

For the three months ended

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

March 31
2021

Dec. 31
2020

March 31
2020

Net earnings available to common shareholders

     

Net earnings

202.2

229.1

160.9

Adjusted net earnings(1)

202.2

204.3

160.9

Diluted earnings per share

     

Net earnings

0.85

0.96

0.68

Adjusted net earnings(1)

0.85

0.86

0.68

Return on average equity(2)

     

Net earnings

14.8%

16.1%

14.1%

Adjusted net earnings(1)

14.8%

16.1%

14.1%

Dividends per share

0.5625

0.5625

0.5625

Total assets under management and advisement(3) (in billions)

248.5

240.0

168.4

Total assets under management(3) (in billions)

221.6

214.0

147.5

(1) Adjusted net earnings and adjusted net earnings per share are 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.
(2) Return on average equity is calculated on a year-to-date basis. 
(3) Consolidated results eliminate double counting where business is reflected within multiple segments. 

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

2020

2019

2018

Consolidated statements of earnings

     
Revenues      

Wealth management

2,259.6

2,299.0

2,276.6

Net asset management

529.8

515.3

515.5

Net investment income and other

11.0

24.8 20.0

Proportionate share of associates' earnings

147.0

122.4 150.0

 

2,947.4

2,961.5

2,962.1

Expenses

1,973.4

1,975.7

1,942.6
 

974.0

985.8

1,019.5
Gain on sale of Personal Capital

37.2

- -
Gain on sale of Quadrus Group of Funds net of acquisition costs

25.2

- -
Proportionate share of associate's adjustments

3.4

- -
Restructuring and other

(74.5)

- (22.7)
Proportionate share of associate's one-time charges - (17.2) -
Premium paid on early redemption of debentures - - (10.7)

Earnings before income taxes

965.3

968.6

986.1

Income taxes

200.7

219.7

210.0

Net earnings

764.6

748.9

776.1

Non-controlling interest

(0.2)

-

-

Perpetual preferred share dividends

-

(2.2)

(8.8)

Net earnings available to common shareholders

764.4

746.7

767.3

Adjusted net earnings available to common shareholders(1)

762.9

763.9

791.8

Earnings per share

     

Net earnings available to common shareholders

 

   

Basic

3.21

3.12

3.19

Diluted

3.21

3.12

3.18

Adjusted net earnings available to common shareholders(1)

 

   

Basic

3.20

3.19

3.29

Diluted

3.20

3.19

3.29

Dividends per common share

2.25

2.25

2.25

Average assets under management and advisement (in billions)

 

 

 

Investment fund assets under management

161.7

155.5 150.5

Total assets under management

168.5

161.1 156.9

Total assets under management and advisement

191.2

183.5 179.3

Ending assets under management and advisement (in billions)

 

 

 

Investment fund assets under management

162.3

161.8 143.3

Total assets under management

214.0

166.8 149.1

Total assets under management and advisement

240.0

190.0 170.2

Total corporate assets

16,062

15,391

15,609

Total long-term debt

2,100

2,100

1,850

Outstanding common shares (in thousands)

238,308

238,294

240,885

(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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