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Cision Canada
5 days ago
- Business
- Cision Canada
IGM FINANCIAL INC. ANNOUNCES JULY 2025 ASSETS UNDER MANAGEMENT & ADVISEMENT AND NET FLOWS
WINNIPEG, MB, Aug. 6, 2025 /CNW/ - IGM Financial Inc. (IGM) (TSX: IGM) today reported record high total assets under management and advisement of $287.9 billion at July 31, 2025, up 10.7% from $260.1 billion at July 31, 2024. Total consolidated net inflows were $1.1 billion during July 2025 (3). JULY HIGHLIGHTS IGM Financial – Record high assets under management & advisement were $287.9 billion up from $283.9 billion in the prior month. Investment fund net sales were $375 million up from net sales of $197 million in July 2024. Total net inflows were $1.1 billion up from net inflows of $62 million in July 2024. IG Wealth Management (IGWM) – Record high Assets under advisement were $148.4 billion up from $146.7 billion in the prior month. Investment fund net sales were $192 million down from net sales of $270 million in July 2024. Total net inflows were $203 million down from net inflows of $261 million in July 2024. Gross inflows and gross sales each reached a record high of $1.3 billion in July 2025. Mackenzie Investments – Record high assets under management were $227.6 billion up from $224.6 billion in the prior month. Investment fund net sales were $183 million up from net redemptions of $73 million in July 2024. Total net sales of $910 million (3) up from net redemptions of $199 million in July 2024. Table 2 – Assets under Management and Advisement ($ millions) (unaudited) July 2025 June 2025 % Change Last Month Wealth Management IG Wealth Management Assets under management 131,109 129,526 1.2 % Other assets under advisement 17,316 17,138 1.0 % Assets under advisement 148,425 146,664 1.2 % Asset management Mackenzie Investments Mutual funds 63,220 62,488 1.2 % ETFs 8,959 8,682 3.2 % Investment funds 72,179 71,170 1.4 % Institutional SMA 13,038 12,023 8.4 % Sub-advisory to Canada Life 54,240 54,032 0.4 % Total Institutional SMA 67,278 66,055 1.9 % Total third party assets under management 139,457 137,225 1.6 % Sub-advisory and AUM to Wealth Management 88,187 87,352 1.0 % Total 227,644 224,577 1.4 % ETF's distributed to third parties 8,959 8,682 3.2 % ETF's held within IGM managed products 10,209 10,047 1.6 % Total ETFs 19,168 18,729 2.3 % Total Assets under management 270,566 266,751 1.4 % Other assets under advisement 17,316 17,138 1.0 % Assets under management and advisement 287,882 283,889 1.4 % Table 3 – Average Assets under Management and Advisement ($ millions) (unaudited) Quarter to date 2025 Wealth Management IG Wealth Management Assets under management 130,369 Other assets under advisement 17,282 Assets under advisement (2) 147,651 Asset Management Mackenzie Investments Mutual funds 62,906 ETFs 8,835 Investment funds 71,741 Institutional SMA 12,531 Sub-advisory to Canada Life 54,135 Total Institutional SMA 66,666 Total third party assets under management 138,407 Sub-advisory and AUM to Wealth Management 87,762 Total 226,169 ETFs distributed to third parties 8,835 ETFs held within IGM managed products 10,114 Total ETFs 18,949 Total Assets under management 268,776 Other assets under advisement 17,282 Assets under management and advisement 286,058 1 Excludes sub-advisory to Canada Life and the Wealth Management segment. 2 The figures shown for IG Wealth Management assets under advisement reflect a daily average. For reference, the simple quarterly average based on month end values is $147,545 million. 3 During July 2025, Mackenzie onboarded a previously announced institutional award of $614 million. Additionally, there were net purchases of $151 million during July 2025 within the suite of products that Mackenzie sub-advises to where we disclosed outflows of $320 million in April 2025. Glossary of Terms Assets Under Management and Advisement (AUM&A) represents the consolidated AUM and AUA of IGM Financial's core businesses IG Wealth Management and Mackenzie Investments. In the Wealth Management segment, AUM is a component part of AUA. All instances where the asset management segment is providing investment management services or distributing its products through the Wealth Management segment are eliminated in our reporting such that there is no double-counting of the same client savings held at IGM Financial's core businesses. AUM&A excludes Investment Planning Counsel's (IPC's) AUM, AUA, sales, redemptions and net flows which have been disclosed as Discontinued operations. Assets Under Advisement (AUA) are the key driver of the Wealth Management segment. AUA are savings and investment products held within client accounts of our Wealth Management segment core businesses. Assets Under Management (AUM) are the key driver of the Asset Management segment. AUM are a secondary driver of revenues and expenses within the Wealth Management segment in relation to its investment management activities. AUM are client assets where we provide investment management services and include investment funds where we are the fund manager, investment advisory mandates to institutions, and other client accounts where we have discretionary portfolio management responsibilities. Mutual fund gross sales and net sales reflect the results of the mutual funds managed by the respective operating companies, and in the case of the Wealth Management segment also include other discretionary portfolio management services provided by the operating companies, including separately managed account programs. ETF's represent exchange traded funds managed by Mackenzie. Institutional SMA represents investment advisory and sub-advisory mandates to institutional investors, pension plans and foundations through separately managed accounts. Other net flows and Other assets under advisement represents financial savings products held within client accounts in the Wealth Management segment that are not invested in products or programs where these operating companies perform investment management activities. These savings products include investment funds managed by third parties, direct investment in equity and fixed income securities and deposit products. Net flows represent the total net contributions, in cash or in kind, to client accounts at the Wealth Management segment and the overall net sales to the Asset Management segment. Wealth Management – Reflects the activities of operating companies primarily focused on providing financial planning and related services to Canadian households and represents the operations of IGWM. IGWM is a retail distribution organization that serves Canadian households through their securities dealers, mutual fund dealers and other subsidiaries licensed to distribute financial products and services. The majority of the revenues of this segment are derived from providing financial advice and distributing financial products and services to Canadian households. This segment also includes the investment management activities of these organizations, including mutual fund management and discretionary portfolio management services. Asset Management – Reflects the activities of operating companies primarily focused on providing investment management services, and represents the operations of Mackenzie Investments. Investment management services are provided to a suite of investment funds that are distributed through third party dealers and financial advisors, and also through institutional advisory mandates to pension and other institutional investors. ABOUT IGM FINANCIAL INC. IGM Financial Inc. ("IGM", TSX: IGM) is a leading Canadian diversified wealth and asset management organization with approximately $288 billion in total assets under management and advisement as of July 31, 2025. The company is committed to bettering the lives of Canadians by better planning and managing their money. To achieve this, IGM provides a broad range of financial planning and investment management services to help approximately two million Canadians meet their financial goals. IGM's activities are carried out principally through IG Wealth Management and Mackenzie Investments and are complimented by strategic positions in wealth managers Rockefeller Capital Management and Wealthsimple and asset managers ChinaAMC and Northleaf Capital. These strengthen IGM's capabilities, reach and diversification. IGM is a member of the Power Corporation group of companies. For more information, visit SOURCE IGM Financial Inc.
Malaysian Reserve
22-07-2025
- Business
- Malaysian Reserve
IGM Financial announces change in the time of second quarter 2025 results conference call on August 7
WINNIPEG, MB, July 22, 2025 /CNW/ – IGM Financial Inc. (TSX: IGM) today announced a change in the timing of its 2025 second quarter results conference call. The live webcast will now take place at 9 a.m. ET on Thursday, August 7, 2025, one hour later than originally scheduled. As previously announced, IGM will release its second quarter 2025 earnings after markets close on Wednesday, August 6, 2025. Please pre-register for the webcast (Register) to obtain a calendar booking with your dial-in numbers and unique PIN. Your call will be connected on a listen-only basis. Should you miss the conference call, a playback will be available by calling 1-855-669-9658 from August 7, 2025 at 5 p.m. CT/6 p.m. ET until September 7, 2025. Please use passcode 7389730. An archived version of the webcast will also be available on IGM Financial Inc.'s website. ABOUT IGM FINANCIAL INC. IGM Financial Inc. ('IGM', TSX: IGM) is a leading Canadian diversified wealth and asset management organization with approximately $284 billion in total assets under management and advisement as of June 30, 2025. The company is committed to bettering the lives of Canadians by better planning and managing their money. To achieve this, IGM provides a broad range of financial planning and investment management services to help approximately two million Canadians meet their financial goals. IGM's activities are carried out principally through IG Wealth Management and Mackenzie Investments and are complimented by strategic positions in wealth managers Rockefeller Capital Management and Wealthsimple and asset managers ChinaAMC and Northleaf Capital. These strengthen IGM's capabilities, reach and diversification. IGM is a member of the Power Corporation group of companies. For more information, visit
Cision Canada
22-07-2025
- Business
- Cision Canada
IGM Financial announces change in the time of second quarter 2025 results conference call on August 7 Français
WINNIPEG, MB, July 22, 2025 /CNW/ - IGM Financial Inc. (TSX: IGM) today announced a change in the timing of its 2025 second quarter results conference call. The live webcast will now take place at 9 a.m. ET on Thursday, August 7, 2025, one hour later than originally scheduled. As previously announced, IGM will release its second quarter 2025 earnings after markets close on Wednesday, August 6, 2025. Please pre-register for the webcast (Register) to obtain a calendar booking with your dial-in numbers and unique PIN. Your call will be connected on a listen-only basis. Should you miss the conference call, a playback will be available by calling 1-855-669-9658 from August 7, 2025 at 5 p.m. CT/6 p.m. ET until September 7, 2025. Please use passcode 7389730. An archived version of the webcast will also be available on IGM Financial Inc.'s website. ABOUT IGM FINANCIAL INC. IGM Financial Inc. ("IGM", TSX: IGM) is a leading Canadian diversified wealth and asset management organization with approximately $284 billion in total assets under management and advisement as of June 30, 2025. The company is committed to bettering the lives of Canadians by better planning and managing their money. To achieve this, IGM provides a broad range of financial planning and investment management services to help approximately two million Canadians meet their financial goals. IGM's activities are carried out principally through IG Wealth Management and Mackenzie Investments and are complimented by strategic positions in wealth managers Rockefeller Capital Management and Wealthsimple and asset managers ChinaAMC and Northleaf Capital. These strengthen IGM's capabilities, reach and diversification. IGM is a member of the Power Corporation group of companies. For more information, visit
Yahoo
14-07-2025
- Business
- Yahoo
Concentra Group (CON) to Acquire IGM Biosciences
Concentra Group Holdings Parent, Inc. (NYSE:CON) is one of the . On July 1, Concentra Group Holdings Parent, Inc. (NYSE:CON) announced that it will acquire IGM Biosciences, a company that develops special antibody-based medicines. The deal is set out in a formal merger agreement, where Gibson, Dunn & Crutcher LLP is acting as legal counsel to Concentra. The company will pay $1.247 in cash for each share of IGM Biosciences. Moreover, the shareholders will also receive a 'contingent value right'. The Board of Directors of IGM has approved the deal, believing it is in the best interest of the shareholders. A medical professional performing a Magnetic Resonance Spectroscopy (MRS) scan on a patient. The deal will only close if more than half of the voting shares are tendered and if IGM has at least $82 million in cash after paying all costs and clearing its debt. The transaction is expected to be completed in August 2025. Concentra Group Holdings Parent, Inc. (NYSE:CON) is one of the largest providers of occupational health services in the United States. While we acknowledge the potential of CON as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
Malaysian Reserve
04-07-2025
- Business
- Malaysian Reserve
IGM FINANCIAL INC. ANNOUNCES JUNE 2025 ASSETS UNDER MANAGEMENT & ADVISEMENT AND NET FLOWS
WINNIPEG, MB, July 4, 2025 /CNW/ – IGM Financial Inc. (IGM) (TSX: IGM) today reported record high total assets under management and advisement of $283.9 billion at June 30, 2025, up 12.5% from $252.4 billion at June 30, 2024. Total consolidated net inflows were $330 million during June 2025. JUNE HIGHLIGHTS IGM Financial – Record high assets under management & advisement were $283.9 billion up from $278.8 billion in the prior month. Investment fund net sales were $283 million up from net redemptions of $509 million in June 2024. Total net inflows were $330 million up from net outflows of $534 million in June 2024. IG Wealth Management (IGWM) – Record high Assets under advisement were $146.7 billion up from $143.7 billion in the prior month. Investment fund net sales were $181 million up from net redemptions of $216 million in June 2024. Total net inflows were $245 million up from net inflows of $21 million in June 2024. Record high June 2025 gross inflows of $1.4 billion up from $1.2 billion in June 2024. Mackenzie Investments – Record high assets under management were $224.6 billion up from $221.0 billion in the prior month. Investment fund net sales were $102 million up from net redemptions of $293 million in June 2024. Total net sales of $85 million up from net redemptions of $555 million in June 2024. Table 1 – Gross and Net Flows Please see for file with trended history. Wealth Management Asset Management ($ millions) (unaudited) IG Wealth Management Mackenzie Investments IGM Financial For the month ended June 30, 2025 Net flows Mutual fund net sales 181.0 (142.6) 38.4 ETF net creations 244.9 244.9 Investment fund net sales 181.0 102.3 283.3 Institutional SMA net sales (17.8)(1) (17.8) Managed asset net sales 181.0 84.5 265.5 Other net flows 64.3 64.3 Net flows 245.3 84.5 329.8 Gross flows Mutual fund gross sales 1,219.4 662.4 1,881.8 Dealer gross inflows 1,363.6 1,363.6 Table 2 – Assets under Management and Advisement ($ millions) (unaudited) June 2025 May 2025 % ChangeLast Month Wealth Management IG Wealth Management Assets under management 129,526 126,845 2.1 % Other assets under advisement 17,138 16,834 1.8 % Assets under advisement 146,664 143,679 2.1 % Asset management Mackenzie Investments Mutual funds 62,488 61,459 1.7 % ETFs 8,683 8,305 4.6 % Investment funds 71,171 69,764 2.0 % Institutional SMA 12,023 11,630 3.4 % Sub-advisory to Canada Life 54,031 53,741 0.5 % Total Institutional SMA 66,054 65,371 1.0 % Total third party assets under management 137,225 135,135 1.5 % Sub-advisory and AUM to Wealth Management 87,352 85,820 1.8 % Total 224,577 220,955 1.6 % ETF's distributed to third parties 8,683 8,305 4.6 % ETF's held within IGM managed products 10,046 9,761 2.9 % Total ETFs 18,729 18,066 3.7 % Total Assets under management 266,751 261,980 1.8 % Other assets under advisement 17,138 16,834 1.8 % Assets under management and advisement 283,889 278,814 1.8 % Table 3 – Average Assets under Management and Advisement ($ millions) (unaudited) Quarter to date 2025 Wealth Management IG Wealth Management Assets under management 124,484 Other assets under advisement 16,686 Assets under advisement(2) 141,170 Asset Management Mackenzie Investments Mutual funds 60,261 ETFs 8,104 Investment funds 68,365 Institutional SMA 11,649 Sub-advisory to Canada Life 52,661 Total Institutional SMA 64,310 Total third party assets under management 132,675 Sub-advisory and AUM to Wealth Management 85,248 Total 217,923 ETFs distributed to third parties 8,104 ETFs held within IGM managed products 9,445 Total ETFs 17,549 Total Assets under management 257,159 Other assets under advisement 16,686 Assets under management and advisement 273,845 1 Excludes sub-advisory to Canada Life and the Wealth Management segment. 2 The figures shown for IG Wealth Management assets under advisement reflect a daily average. For reference, the simple quarterly average based on month end values is $142,276 million. Glossary of Terms Assets Under Management and Advisement (AUM&A) represents the consolidated AUM and AUA of IGM Financial's core businesses IG Wealth Management and Mackenzie Investments. In the Wealth Management segment, AUM is a component part of AUA. All instances where the asset management segment is providing investment management services or distributing its products through the Wealth Management segment are eliminated in our reporting such that there is no double-counting of the same client savings held at IGM Financial's core businesses. AUM&A excludes Investment Planning Counsel's (IPC's) AUM, AUA, sales, redemptions and net flows which have been disclosed as Discontinued operations. Assets Under Advisement (AUA) are the key driver of the Wealth Management segment. AUA are savings and investment products held within client accounts of our Wealth Management segment core businesses. Assets Under Management (AUM) are the key driver of the Asset Management segment. AUM are a secondary driver of revenues and expenses within the Wealth Management segment in relation to its investment management activities. AUM are client assets where we provide investment management services and include investment funds where we are the fund manager, investment advisory mandates to institutions, and other client accounts where we have discretionary portfolio management responsibilities. Mutual fund gross sales and net sales reflect the results of the mutual funds managed by the respective operating companies, and in the case of the Wealth Management segment also include other discretionary portfolio management services provided by the operating companies, including separately managed account programs. ETF's represent exchange traded funds managed by Mackenzie. Institutional SMA represents investment advisory and sub-advisory mandates to institutional investors, pension plans and foundations through separately managed accounts. Other net flows and Other assets under advisement represents financial savings products held within client accounts in the Wealth Management segment that are not invested in products or programs where these operating companies perform investment management activities. These savings products include investment funds managed by third parties, direct investment in equity and fixed income securities and deposit products. Net flows represent the total net contributions, in cash or in kind, to client accounts at the Wealth Management segment and the overall net sales to the Asset Management segment. Wealth Management – Reflects the activities of operating companies primarily focused on providing financial planning and related services to Canadian households and represents the operations of IGWM. IGWM is a retail distribution organization that serves Canadian households through their securities dealers, mutual fund dealers and other subsidiaries licensed to distribute financial products and services. The majority of the revenues of this segment are derived from providing financial advice and distributing financial products and services to Canadian households. This segment also includes the investment management activities of these organizations, including mutual fund management and discretionary portfolio management services. Asset Management – Reflects the activities of operating companies primarily focused on providing investment management services, and represents the operations of Mackenzie Investments. Investment management services are provided to a suite of investment funds that are distributed through third party dealers and financial advisors, and also through institutional advisory mandates to pension and other institutional investors. ABOUT IGM FINANCIAL INC. IGM Financial Inc. ('IGM', TSX: IGM) is a leading Canadian diversified wealth and asset management organization with approximately $284 billion in total assets under management and advisement as of June 30, 2025. The company is committed to bettering the lives of Canadians by better planning and managing their money. To achieve this, IGM provides a broad range of financial planning and investment management services to help approximately two million Canadians meet their financial goals. IGM's activities are carried out principally through IG Wealth Management and Mackenzie Investments and are complimented by strategic positions in wealth managers Rockefeller Capital Management and Wealthsimple and asset managers ChinaAMC and Northleaf Capital. These strengthen IGM's capabilities, reach and diversification. IGM is a member of the Power Corporation group of companies. For more information, visit
