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IGM Financial Inc (IGM), a subsidiary of Power Corporation of Canada, is a wealth and asset management company. It offers financial planning and investment management services. The company carries out the business of supporting financial advisors and their clients and serving institutional investors. Its major services include investment planning and management, brokerage services, distribution of insurance and banking products and managing and distributing mutual funds and asset products. The company's services cater to individual clients and institutional investors, providing solutions for financial planning and investment management. IGM is headquartered in Winnipeg, Manitoba, Canada.
Headquarters
Canada
Address
447 Portage Avenue, Winnipeg, Manitoba, R3B3H5
Website
www.igmfinancial.com/en
Telephone
1 204 9568259
No of Employees
3,594
Industry
Financial Services
Ticker Symbol & Exchange
IGM (TSE)
Revenue (2024)
$2.7B
9.4%
(2024 vs 2023)
EPS
XYZ
Net Income (2024)
XYZ
17.9%
(2024 vs 2023)
Market Cap*
$13.2B
Net Profit Margin (2024)
XYZ
7.8%
(2024 vs 2023)
* As of and is in US$
IGM Financial Inc premium industry data and analytics
Products and Services
| Services |
|---|
| Financial Planning |
| Investment Management Services |
| Brokerage Services |
| XYZ |
| XYZ |
| XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2024 | Financing Agreements | In October, the company invested in ClearEstate, a fin-tech company. |
| 2023 | Acquisitions/Mergers/Takeovers | In April, the company acquired 20.5% stake in Rockefeller Capital Management, an independent financial services advisory firm for US$622 million. |
| 2023 | Contracts/Agreements | In January, IG Wealth Management entered into an agreement with Broadridge Financial Solutions to leverage Broadridge's R.Broker solution to optimize advisor team productivity and enrich client experience. |
Competitor Comparison
| Key Parameters | IGM Financial Inc | Brookfield Corp | Manulife Financial Corp | CI Financial Corp | Onex Corp |
|---|---|---|---|---|---|
| Headquarters | Canada | Canada | Canada | Canada | Canada |
| City | Winnipeg | Toronto | Toronto | Toronto | Toronto |
| State/Province | Manitoba | Ontario | Ontario | Ontario | Ontario |
| No. of Employees | 3,594 | 250,000 | 37,000 | 3,280 | 343 |
| Entity Type | Public | Public | Public | Private | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Keith Potter | Executive Vice President; Chief Financial Officer | Senior Management | 2022 | - |
| Sam Burns | Executive Vice President; Chief Information Officer | Senior Management | - | - |
| Kelly Hepher | Executive Vice President; Chief Risk Officer | Senior Management | 2022 | - |
| Nancy McCuaig | Chief Operations Officer; Executive Vice President | Senior Management | - | - |
| Doug Milne | Executive Vice President; Chief Marketing Officer | Senior Management | - | - |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
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