IGM Financial Inc. Reports Record Total Assets Under Management

WINNIPEG, MB – IGM Financial Inc. (IGM) (TSX: IGM) announced today a remarkable achievement in its financial performance. As of January 31, 2025, total assets under management and advisement reached $278.1 billion, representing a significant increase of 15.3% compared to $241.2 billion the previous year on the same date. January 2025 also saw total consolidated net outflows of $50 million.

Highlights from January

IGM Financial

With record assets under management and advisement now standing at $278.1 billion, IGM Financial has shown growth from $270.4 billion in December. The company experienced a turnaround in investment fund net sales, totaling $338 million, markedly up from the net redemptions of $514 million recorded in January 2024. Total net outflows were $50 million, a notable improvement from $231 million in January 2024.

IG Wealth Management (IGWM)

IG Wealth Management achieved a record high in assets under advisement, now at $144.4 billion, compared to $140.4 billion the prior month. It reported investment fund net sales soaring to $403 million, bouncing back from net redemptions of $165 million in January 2024. The segment also enjoyed total net inflows of $112 million, a significant recovery from net outflows of $91 million last year.

Mackenzie Investments

Mackenzie Investments also reached a record high with assets under management at $219.5 billion, compared to $213.3 billion previously. The month saw investment fund net redemptions decrease to $65 million, down from $172 million in January of the prior year. Overall, total net redemptions were $163 million, which marks an increase from $140 million last January.

Financial Performance Tables

Glossary of Terms

Assets Under Management and Advisement (AUM&A) refers to the total consolidated assets managed by IG Wealth Management and Mackenzie Investments, without double-counting client savings. This includes assets managed for clients across various investment vehicles.

Assets Under Advisement (AUA) are crucial for the Wealth Management segment, encompassing savings and investment products held in client accounts.

Assets Under Management (AUM) is pivotal for the Asset Management segment, representing client assets where investment management services are rendered.

Net Flows reflect total contributions in cash or kind to client accounts across the Wealth Management segment and total sales to the Asset Management sector.

About IGM Financial Inc.

IGM Financial Inc. (“IGM”) is a prominent Canadian diversified wealth and asset management organization with approximately $278 billion in total assets managed as of January 31, 2025. With a commitment to improving Canadians’ financial well-being, IGM provides comprehensive planning and management services to about two million Canadians. Its operations are primarily conducted through IG Wealth Management and Mackenzie Investments, strengthened by strategic partnerships, enhancing IGM’s capabilities and reach.

Media Relations: Nini Krishnappa, 647-828-2553;
Investor Relations: Kyle Martens, 204-777-4888