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Winnipeg Free Press
19 hours ago
- Business
- Winnipeg Free Press
Sponsored Content Preparing for the future: The importance of estate planning
Canada is currently undergoing the largest intergenerational wealth transfer in history, but more than half of us aren't ready. A recent study by IG Wealth Management (IG) uncovered that 54 per cent of Canadians don't have an estate plan, leaving them and their loved ones unprepared for carrying out final wishes. A well-crafted estate plan offers peace of mind by preparing for potential incapacity later in life and ensuring that your assets are distributed according to your wishes. It can also help reduce any tax burden on your beneficiaries. Key components to include in an estate plan include a will, healthcare directive, naming beneficiaries, purchasing life insurance and designating a power of attorney. 'It's understandable that Canadians want to avoid thinking and speaking about death, but having these difficult conversations now and ensuring that a comprehensive plan is in place will make it easier in the future, both for yourself and your loved ones,' said Christine Van Cauwenberghe, Head of Financial Planning at IG Wealth Management. Understanding an estate plan Canadians have noted that the main reason why they haven't prepared an estate plan is because they don't think they have enough wealth to make having one worthwhile. They're also unfamiliar with key aspects related to estate planning, with approximately half saying they're not knowledgeable about the tax considerations associated with passing along an estate, the benefits of having life insurance and the consequences of not having a will or power of attorney. 'It's concerning that so many Canadians are unfamiliar with key components that make up an estate plan,' said Ms. Van Cauwenberghe. 'Take, for instance, the lack of knowledge around taxation. The reality is that passing down assets can often result in a significant tax burden and Canadians should be well-versed on the strategies to help offset these costs.' Preparing for cognitive decline An estate plan is also needed in case of cognitive decline. Conditions like Alzheimer's disease can impact one's ability to make decisions around their wealth and assets. There can also often be significant costs related to living with cognitive decline. Just one quarter have planned for any possible expenses related to cognitive decline. In addition, only one-third per cent have made plans for what will happen to their assets and just under 40 per cent have made plans for who will manage their finances. 'Cognitive decline can happen to anyone at any time, so it's a good idea for Canadians to seek out the assistance of a financial advisor who can help them build a thoughtfully crafted estate plan that takes this into account,' reinforced Ms. Van Cauwenberghe. Start with a plan For more on how to build an estate plan that meets your needs, listen to a special edition of IG Wealth Management's The Living Market podcast hosted by Aurèle Courcelles, Vice-President, Tax & Estate Planning at IG Wealth Management with Dan Britton, Assistant Vice-President, Tax & Estate Planning at IG Wealth Management: The Living Market Podcast | IG Wealth Management
Globe and Mail
2 days ago
- Business
- Globe and Mail
IGM FINANCIAL INC. ANNOUNCES MAY 2025 ASSETS UNDER MANAGEMENT & ADVISEMENT AND NET FLOWS
WINNIPEG, MB , June 4, 2025 /CNW/ - IGM Financial Inc. (IGM) (TSX: IGM) today reported record high total assets under management and advisement of $278.8 billion at , up 11.0% from $251.1 billion at May 31, 2024 . Total consolidated net inflows were $190 million during May 2025 . MAY HIGHLIGHTS IGM Financial – Record high assets under management & advisement were $278.8 billion up from $269.5 billion in the prior month. Investment fund net sales were $356 million up from net redemptions of $378 million in May 2024 . Total net inflows were $190 million up from net outflows of $302 million in May 2024 . IG Wealth Management (IGWM) – Assets under advisement were $143.7 billion up from $139.1 billion in the prior month. Record high Investment fund net sales were $250 million up from net redemptions of $127 million in May 2024 . Total net inflows were $65 million up from net outflows of $2 million in May 2024 . Mackenzie Investments – Record high assets under management were $221.0 billion up from $213.7 billion in the prior month. Investment fund net sales were $106 million up from net redemptions of $251 million in May 2024 . Total net sales of $125 million up from net redemptions of $300 million in May 2024 . Table 2 – Assets under Management and Advisement ($ millions) (unaudited) May 2025 April 2025 % Change Last Month Wealth Management IG Wealth Management Assets under management 126,845 122,505 3.5 % Other assets under advisement 16,834 16,546 1.7 % Assets under advisement 143,679 139,051 3.3 % Asset management Mackenzie Investments Mutual funds 61,459 59,351 3.6 % ETFs 8,305 7,896 5.2 % Investment funds 69,764 67,247 3.7 % Institutional SMA 11,630 11,155 4.3 % Sub-advisory to Canada Life 53,741 52,039 3.3 % Total Institutional SMA 65,371 63,194 3.4 % Total third party assets under management 135,135 130,441 3.6 % Sub-advisory and AUM to Wealth Management 85,820 83,305 3.0 % Total 220,955 213,746 3.4 % ETF's distributed to third parties 8,305 7,896 5.2 % ETF's held within IGM managed products 9,761 9,092 7.4 % Total ETFs 18,066 16,988 6.4 % Total Assets under management 261,980 252,946 3.6 % Other assets under advisement 16,834 16,546 1.7 % Assets under management and advisement 278,814 269,492 3.5 % Table 3 - Average Assets under Management and Advisement ($ millions) (unaudited) Quarter to date 2025 Wealth Management IG Wealth Management Assets under management 122,859 Other assets under advisement 16,551 Assets under advisement 139,410 Asset Management Mackenzie Investments Mutual funds 59,556 ETFs 7,914 Investment funds 67,470 Institutional SMA 11,524 Sub-advisory to Canada Life 52,068 Total Institutional SMA 63,592 Total third party assets under management 131,062 Sub-advisory and AUM to Wealth Management 84,543 Total 215,605 ETFs distributed to third parties 7,914 ETFs held within IGM managed products 9,221 Total ETFs 17,135 Total Assets under management 253,921 Other assets under advisement 16,551 Assets under management and advisement 270,472 1 Excludes sub-advisory to Canada Life and the Wealth Management segment. 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. Discontinued operations - Reflects the activities of Investment Planning Counsel. On April 3, 2023 , IGM Financial announced the sale of 100% of the common shares of Investment Planning Counsel Inc. for cash consideration of $575 million . The transaction closed on November 30, 2023 . ABOUT IGM FINANCIAL INC. IGM Financial Inc. ("IGM", TSX: IGM) is a leading Canadian diversified wealth and asset management organization with approximately $279 billion in total assets under management and advisement as of May 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
Cision Canada
2 days ago
- Business
- Cision Canada
IGM FINANCIAL INC. ANNOUNCES MAY 2025 ASSETS UNDER MANAGEMENT & ADVISEMENT AND NET FLOWS Français
WINNIPEG, MB, June 4, 2025 /CNW/ - IGM Financial Inc. (IGM) (TSX: IGM) today reported record high total assets under management and advisement of $278.8 billion at May 31, 2025, up 11.0% from $251.1 billion at May 31, 2024. Total consolidated net inflows were $190 million during May 2025. MAY HIGHLIGHTS IGM Financial – Record high assets under management & advisement were $278.8 billion up from $269.5 billion in the prior month. Investment fund net sales were $356 million up from net redemptions of $378 million in May 2024. Total net inflows were $190 million up from net outflows of $302 million in May 2024. IG Wealth Management (IGWM) – Assets under advisement were $143.7 billion up from $139.1 billion in the prior month. Record high Investment fund net sales were $250 million up from net redemptions of $127 million in May 2024. Total net inflows were $65 million up from net outflows of $2 million in May 2024. Mackenzie Investments – Record high assets under management were $221.0 billion up from $213.7 billion in the prior month. Investment fund net sales were $106 million up from net redemptions of $251 million in May 2024. Total net sales of $125 million up from net redemptions of $300 million in May 2024. Table 2 – Assets under Management and Advisement ($ millions) (unaudited) May 2025 April 2025 % Change Last Month Wealth Management IG Wealth Management Assets under management 126,845 122,505 3.5 % Other assets under advisement 16,834 16,546 1.7 % Assets under advisement 143,679 139,051 3.3 % Asset management Mackenzie Investments Mutual funds 61,459 59,351 3.6 % ETFs 8,305 7,896 5.2 % Investment funds 69,764 67,247 3.7 % Institutional SMA 11,630 11,155 4.3 % Sub-advisory to Canada Life 53,741 52,039 3.3 % Total Institutional SMA 65,371 63,194 3.4 % Total third party assets under management 135,135 130,441 3.6 % Sub-advisory and AUM to Wealth Management 85,820 83,305 3.0 % Total 220,955 213,746 3.4 % ETF's distributed to third parties 8,305 7,896 5.2 % ETF's held within IGM managed products 9,761 9,092 7.4 % Total ETFs 18,066 16,988 6.4 % Total Assets under management 261,980 252,946 3.6 % Other assets under advisement 16,834 16,546 1.7 % Assets under management and advisement 278,814 269,492 3.5 % Table 3 - Average Assets under Management and Advisement ($ millions) (unaudited) Quarter to date 2025 Wealth Management IG Wealth Management Assets under management 122,859 Other assets under advisement 16,551 Assets under advisement 139,410 Asset Management Mackenzie Investments Mutual funds 59,556 ETFs 7,914 Investment funds 67,470 Institutional SMA 11,524 Sub-advisory to Canada Life 52,068 Total Institutional SMA 63,592 Total third party assets under management 131,062 Sub-advisory and AUM to Wealth Management 84,543 Total 215,605 ETFs distributed to third parties 7,914 ETFs held within IGM managed products 9,221 Total ETFs 17,135 Total Assets under management 253,921 Other assets under advisement 16,551 Assets under management and advisement 270,472 1 Excludes sub-advisory to Canada Life and the Wealth Management segment. 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. Discontinued operations - Reflects the activities of Investment Planning Counsel. On April 3, 2023, IGM Financial announced the sale of 100% of the common shares of Investment Planning Counsel Inc. for cash consideration of $575 million. The transaction closed on November 30, 2023. ABOUT IGM FINANCIAL INC.
Cision Canada
21-05-2025
- Business
- Cision Canada
IG Wealth Management Estate Planning Study: Despite Historic Intergenerational Wealth Transfer, Majority of Canadians Lack an Estate Plan Français
More than half of Canadians currently lack an estate plan Top reason cited for not having an estate plan is the feeling of lack of sufficient personal wealth Just four-in-ten Canadians have made plans to safeguard their financial future in the event of cognitive decline WINNIPEG, MB, May 21, 2025 /CNW/ - According to IG Wealth Management's annual estate planning study, more than half (54 per cent) of Canadians currently lack an estate plan, despite the fact that our country is undergoing a historic $1 trillion intergenerational wealth transfer. An estate plan includes components such as a will, naming beneficiaries, personal life insurance, a healthcare directive and designating a power of attorney. "It's concerning that a majority of Canadians are unprepared for their future," said Christine Van Cauwenberghe, Head of Financial Planning at IG Wealth Management. "A properly constructed estate plan can help ensure that you're prepared for your passing and that your wealth is distributed according to your wishes in a tax-efficient manner — and this goes for all Canadians, regardless of their net worth. This is especially critical as we navigate the greatest wealth transfer in Canadian history." The study, conducted in partnership with Pollara Strategic Insights, also found that: Many Canadians are unfamiliar with key aspects relating to estate planning; about half (55 per cent) say they are not knowledgeable about tax considerations, the benefits of having life insurance (47 per cent), the consequences of not having a will (47 per cent) or power of attorney (44 per cent). The top reason cited for not having an estate plan is lack of sufficient personal wealth (29 per cent), followed by the feeling of being too young to have an estate plan (14 per cent) and the cost of creating one (13 per cent). An Estate Plan Must Address Cognitive Decline A key aspect of estate planning must involve preparing for potential neurological impairment. However, the study found that just 40 per cent have legal documents in place to safeguard their financial future in the event they are diagnosed with cognitive decline. Further, should cognitive decline occur, only 37 per cent have made plans for what will happen to their assets and just 39 per cent have made plans for who will manage their finances. "Conditions like Alzheimer's disease and other forms of dementia can affect anyone at any time, and many underestimate their associated costs," added Ms. Van Cauwenberghe. "We help our clients build a comprehensive and synergistic estate plan that builds in the possibility of cognitive impairment, so nothing is left to chance. As advisors, it's our responsibility to help our clients achieve financial well-being and are well prepared for anything that may come their way." About the Pollara Study This research was conducted by Pollara Strategic Insights, using an online survey conducted with 1,017 adult Canadians from April 10 th to 21 st, 2025. Results from a random sample of this size can be considered accurate to within ±3.1% 19 times out of 20. Results have been weighted by gender, age and region, using the latest census data, to be representative of the population as a whole. About IG Wealth Management Founded in 1926, IG Wealth Management ("IG") is a Canadian leader in delivering financial planning with approximately $139 billion in assets under advisement as of April 30, 2025. For more than 95 years, IG has been focused on improving the financial well-being of Canadians so they can confidently embrace all of life's possibilities. Through a network of advisors located across the country, IG provides approximately one million clients with personalized advice, comprehensive financial planning, insurance and mortgage services and professionally managed investment solutions. IG is a member of IGM Financial Inc. (TSX: IGM), part of the Power Corporation group of companies and one of Canada's leading diversified wealth and asset management organizations with approximately $270 billion in total assets under management and advisement as of April 30, 2025. For more information, visit
Yahoo
21-05-2025
- Business
- Yahoo
IG Wealth Management Estate Planning Study: Despite Historic Intergenerational Wealth Transfer, Majority of Canadians Lack an Estate Plan
More than half of Canadians currently lack an estate plan Top reason cited for not having an estate plan is the feeling of lack of sufficient personal wealth Just four-in-ten Canadians have made plans to safeguard their financial future in the event of cognitive decline WINNIPEG, MB, May 21, 2025 /CNW/ - According to IG Wealth Management's annual estate planning study, more than half (54 per cent) of Canadians currently lack an estate plan, despite the fact that our country is undergoing a historic $1 trillion intergenerational wealth transfer. An estate plan includes components such as a will, naming beneficiaries, personal life insurance, a healthcare directive and designating a power of attorney. "It's concerning that a majority of Canadians are unprepared for their future," said Christine Van Cauwenberghe, Head of Financial Planning at IG Wealth Management. "A properly constructed estate plan can help ensure that you're prepared for your passing and that your wealth is distributed according to your wishes in a tax-efficient manner — and this goes for all Canadians, regardless of their net worth. This is especially critical as we navigate the greatest wealth transfer in Canadian history." The study, conducted in partnership with Pollara Strategic Insights, also found that: Many Canadians are unfamiliar with key aspects relating to estate planning; about half (55 per cent) say they are not knowledgeable about tax considerations, the benefits of having life insurance (47 per cent), the consequences of not having a will (47 per cent) or power of attorney (44 per cent). The top reason cited for not having an estate plan is lack of sufficient personal wealth (29 per cent), followed by the feeling of being too young to have an estate plan (14 per cent) and the cost of creating one (13 per cent). An Estate Plan Must Address Cognitive DeclineA key aspect of estate planning must involve preparing for potential neurological impairment. However, the study found that just 40 per cent have legal documents in place to safeguard their financial future in the event they are diagnosed with cognitive decline. Further, should cognitive decline occur, only 37 per cent have made plans for what will happen to their assets and just 39 per cent have made plans for who will manage their finances. "Conditions like Alzheimer's disease and other forms of dementia can affect anyone at any time, and many underestimate their associated costs," added Ms. Van Cauwenberghe. "We help our clients build a comprehensive and synergistic estate plan that builds in the possibility of cognitive impairment, so nothing is left to chance. As advisors, it's our responsibility to help our clients achieve financial well-being and are well prepared for anything that may come their way." About the Pollara Study This research was conducted by Pollara Strategic Insights, using an online survey conducted with 1,017 adult Canadians from April 10th to 21st, 2025. Results from a random sample of this size can be considered accurate to within ±3.1% 19 times out of 20. Results have been weighted by gender, age and region, using the latest census data, to be representative of the population as a whole. About IG Wealth ManagementFounded in 1926, IG Wealth Management ("IG") is a Canadian leader in delivering financial planning with approximately $139 billion in assets under advisement as of April 30, 2025. For more than 95 years, IG has been focused on improving the financial well-being of Canadians so they can confidently embrace all of life's possibilities. Through a network of advisors located across the country, IG provides approximately one million clients with personalized advice, comprehensive financial planning, insurance and mortgage services and professionally managed investment solutions. IG is a member of IGM Financial Inc. (TSX: IGM), part of the Power Corporation group of companies and one of Canada's leading diversified wealth and asset management organizations with approximately $270 billion in total assets under management and advisement as of April 30, 2025. For more information, visit SOURCE IG Wealth Management View original content to download multimedia: Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
