Latest news with #IGWealthManagement
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.
Yahoo
7 days ago
- Business
- Yahoo
Nearly half of Canadians are delaying retirement for lifestyle now — how to avoid this costly mistake
As inflation continues to squeeze household budgets, nearly half of non-retired Canadians (46%) are choosing to spend on their lifestyle now rather than save for retirement — a decision rooted in both necessity and a growing "life's too short" mindset. Why it matters: A 2025 IG Wealth Management survey reveals that debt and rising living costs are major obstacles to retirement savings. Nearly 4 in 10 Canadians (38%) say they're too busy paying off debt, while 18% simply want to enjoy life in the moment. "Rising costs and mounting debt repayment challenges often undermine Canadians' ability to save for retirement," Christine Van Cauwenberghe, IG Wealth Management's head of financial planning, said in a statement. Respondents have aspirations for their retirement years, it's simply that the demands of the present – debt and other financial pressures – are taking precedence. Don't Miss Want an extra $1,300,000 when you retire? Dave Ramsey says this 7-step plan 'works every single time' to kill debt, get rich — and 'anyone' can do it The Canadian economy is showing signs of softening amid Trump's tariffs — protect your wallet with these 5 essential money moves (most of which you can complete in just minutes) I'm almost 50 and don't have enough retirement savings. What should I do? Don't panic. Here are 6 solid ways you can catch up Financial pressures in the present Roughly 80% of Canadians say the rising cost of living is the single greatest barrier to building their retirement nest egg. More than half (56%) have delayed or stopped saving altogether, citing a range of pressures including debt, housing, and childcare. The average Canadian household now spends 67% of their income on essential expenses and another 20% on discretionary spending, leaving just 12% for retirement savings. For many, the math simply doesn't work. While 47% of Canadians hope to retire before age 65, reality may not align with optimism. One in three expect to delay retirement due to financial necessity — whether to afford basic needs, boost income, or stay socially connected through work. Real-world example: A 58-year-old Toronto resident recently told CBC she put off retirement plans after her rent rose by $300 per month. 'I thought I'd be gardening — now I'm considering a part-time job,' she said. Read more: 'You're going to live on beans and rice': This senior told Dave Ramsey she has debt and zero savings — Despite good intentions, retirement savings are being squeezed Canadians now spend nearly 9 out of every 10 dollars on immediate needs and wants — with only 12% left for their future. In a culture that encourages living in the moment, saving for decades down the road feels out of reach. Financial literacy tip: Consider 'paying yourself first' by automating even a small percentage (5%–10%) of your paycheque into a TFSA or RRSP. Over time, compound interest does the heavy lifting. Most Canadians are navigating retirement planning alone — and it's costing them Just one-third of non-retired Canadians have a financial advisor, yet 76% of those who do say their advisor helps them balance enjoying life today while still preparing for retirement. Key benefit: Personalized advice can make a big difference. In fact, a 2023 study by the Investment Funds Institute of Canada found that households with advisors accumulated 2.3 times more assets over 15 years than those without. "No two retirements are alike. With help from a financial advisor, Canadians can build a personalized retirement plan tailored to their unique needs to help manage today's financial pressures with their desired retirement lifestyle," Van Cauwenberghe said. Make your retirement dollars work harder — 3 practical tips so you can enjoy life and save for retirement Split windfalls: Use 50% of any bonus or tax refund for fun and 50% for your RRSP or TFSA. Use rewards: Leverage credit card points to reduce travel costs, freeing up cash for savings. Set 'fun' goals: Budget for travel in retirement to stay motivated about long-term saving. What To Read Next Here's how to retire in 10 short years no matter where you live in Canada — even if you're starting with $0 savings Here are 5 expenses that Canadians (almost) always overpay for — and very quickly regret. How many are hurting you? Are you rich enough to join the top 1%? Here's the net worth you need to rank among Canada's wealthiest — plus a few strategies to build that first-class portfolio Pet owners, here's how you can get up to 90% cashback on expensive emergency veterinary bills — and you can even get a free quote in 30 seconds Survey methodology This study was conducted in December 2024 by Pollara Strategic Insights with an online sample of 1,511 Canadians aged 18 years and older and not retired. 1. IG Wealth Management: Annual IG Wealth Management retirement study: Rising costs and competing priorities challenge Canadians' retirement readiness (Jan 21, 2025) This article provides information only and should not be construed as advice. It is provided without warranty of any kind.
Malaysian Reserve
15-07-2025
- Business
- Malaysian Reserve
Investor Alert: Fraudulent Group Impersonating IG Wealth Management
Be an informed investor – Protect yourself against fraudulent schemes TORONTO, July 15, 2025 /CNW/ – The Canadian Investment Regulatory Organization (CIRO) is warning investors about a scam trading group that is impersonating CIRO-regulated firm IG Wealth Management and its employees and promoting fraudulent digital trading services through social media apps such as WhatsApp, Telegram, Facebook and LinkedIn. Scammers have been operating several fake Facebook pages under various names including 'IG Management: Path to FIRE' and 'Achieve FIRE with Larren Lawson,' that impersonate brand pages of IG Wealth Management and misuse the company's logo, name, marketing materials and employee identities. They are also running fake Facebook profiles under the names 'Phillip Ray Petursson' and 'Keric Nadia Kathleen' that impersonate IG Wealth Management's Chief Investment Strategist, Philip Petursson, and Nadia Keric, a real financial planner who does not work for IG Wealth Management. Other fake Facebook and LinkedIn accounts associated with this scam use the names Kent Ver (Markus), Victoria Arber and Sean Larren, and fraudulently list IG Wealth Management as their employer. Investors should beware of any communications from the fake accounts listed above on social media or messaging apps. The only authorized social media accounts for IG Wealth Management are linked on the company's website. To Protect Yourself Against Fraud: Verify the authenticity of any communication by contacting firms directly using their official website and contact details. Report suspicious activities where entities either claim to be regulated by CIRO or work for CIRO to CIRO immediately. Avoid sharing personal or financial information without confirming the legitimacy of the request. CIRO is committed to protecting investors and providing resources to address fraudulent activities. For more information on identifying and reporting scams, visit the CIRO website. Please note that investors can confirm with CIRO's Complaints & Inquiries team to verify the legitimacy of anyone claiming to represent CIRO. All individuals registered to offer financial advice in Canada are listed on the National Registration Search of the Canadian Securities Administrators (CSA). CIRO's Office of the Investor provides resources to help Canadians avoid investment fraud and protect their financial well-being. See Avoiding Fraud and Protecting Your Investments on CIRO's website for additional information. If you believe you have been a victim of this or a similar scam, immediately contact your bank, local police, your provincial securities commission, and the Canadian Anti-Fraud Centre. If there are claims of CIRO regulation or the fraudster claims to work for CIRO, please also report it to CIRO. About CIRO The Canadian Investment Regulatory Organization (CIRO) is the national self-regulatory organization that oversees all investment dealers, mutual fund dealers and trading activity on Canada's debt and equity marketplaces. CIRO is committed to the protection of investors, providing efficient and consistent regulation, and building Canadians' trust in financial regulation and the people managing their investments. For more information, visit
Cision Canada
15-07-2025
- Business
- Cision Canada
Investor Alert: Fraudulent Group Impersonating IG Wealth Management Français
Be an informed investor - Protect yourself against fraudulent schemes TORONTO, July 15, 2025 /CNW/ - The Canadian Investment Regulatory Organization (CIRO) is warning investors about a scam trading group that is impersonating CIRO-regulated firm IG Wealth Management and its employees and promoting fraudulent digital trading services through social media apps such as WhatsApp, Telegram, Facebook and LinkedIn. Scammers have been operating several fake Facebook pages under various names including "IG Management: Path to FIRE" and "Achieve FIRE with Larren Lawson," that impersonate brand pages of IG Wealth Management and misuse the company's logo, name, marketing materials and employee identities. They are also running fake Facebook profiles under the names "Phillip Ray Petursson" and "Keric Nadia Kathleen" that impersonate IG Wealth Management's Chief Investment Strategist, Philip Petursson, and Nadia Keric, a real financial planner who does not work for IG Wealth Management. Other fake Facebook and LinkedIn accounts associated with this scam use the names Kent Ver (Markus), Victoria Arber and Sean Larren, and fraudulently list IG Wealth Management as their employer. Investors should beware of any communications from the fake accounts listed above on social media or messaging apps. The only authorized social media accounts for IG Wealth Management are linked on the company's website. To Protect Yourself Against Fraud: Verify the authenticity of any communication by contacting firms directly using their official website and contact details. Report suspicious activities where entities either claim to be regulated by CIRO or work for CIRO to CIRO immediately. Avoid sharing personal or financial information without confirming the legitimacy of the request. CIRO is committed to protecting investors and providing resources to address fraudulent activities. For more information on identifying and reporting scams, visit the CIRO website. Please note that investors can confirm with CIRO's Complaints & Inquiries team to verify the legitimacy of anyone claiming to represent CIRO. All individuals registered to offer financial advice in Canada are listed on the National Registration Search of the Canadian Securities Administrators (CSA). CIRO's Office of the Investor provides resources to help Canadians avoid investment fraud and protect their financial well-being. See Avoiding Fraud and Protecting Your Investments on CIRO's website for additional information. If you believe you have been a victim of this or a similar scam, immediately contact your bank, local police, your provincial securities commission, and the Canadian Anti-Fraud Centre. If there are claims of CIRO regulation or the fraudster claims to work for CIRO, please also report it to CIRO. About CIRO The Canadian Investment Regulatory Organization (CIRO) is the national self-regulatory organization that oversees all investment dealers, mutual fund dealers and trading activity on Canada's debt and equity marketplaces. CIRO is committed to the protection of investors, providing efficient and consistent regulation, and building Canadians' trust in financial regulation and the people managing their investments. For more information, visit SOURCE Canadian Investment Regulatory Organization (CIRO) For media inquiries only: Ariel Visconti, Corporate Communications and Public Affairs, Canadian Investment Regulatory Organization, Telephone: 416-526-8240, Email: [email protected]; Please direct all other inquiries to our Complaints & Inquiries team: 1-877-442-4322 (Canada/US), 800-555-2323 (Outside Canada/US), or by completing our Secure Contact Form (
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
