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.
