IGM Financial Inc (IGM), a subsidiary of Power Financial Corporation, is an asset management company, which provides a range of financial services. It provides investment advisory and related services. The key activities of the company include the distribution, management and administration of its investment funds. It carries out the provision of brokerage services and the distribution of insurance and banking products. The company also acts as the fund manager of its investment funds and as an investment advisor to sub-advisory and institutional accounts. IGM is headquartered in Winnipeg, Manitoba, Canada.
Headquarters
Canada
Address
447 Portage Avenue, Winnipeg, Manitoba, R3B3H5
Website
www.igmfinancial.com/en
Telephone
1 204 9568328
No of Employees
4,010
Industry
Financial Services
Ticker Symbol & Exchange
IGM (TSE)
Revenue (2022)
$2.4B
1.2%
(2022 vs 2021)
EPS
XYZ
Net Income (2022)
XYZ
32.5%
(2022 vs 2021)
Market Cap*
$5.9B
Net Profit Margin (2022)
XYZ
30.9%
(2022 vs 2021)
* As of and is in US$
IGM Financial Inc premium industry data and analytics
Products and Services
| Services |
|---|
| Brokerage services |
| Investment Planning and Management |
| Distribution of Insurance and Banking Products |
| XYZ |
| XYZ |
| XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 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. |
| 2022 | New Products/Services | In December, the company's MacKenzie unveiled a new brand for the Presidio, San Francisco’s national park site. |
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 | 4,010 | 240,000 | 38,000 | 2,300 | 492 |
| Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| R Jeffrey Orr | Chairman | Executive Board | - | 64 |
| James O'Sullivan | Director; Chief Executive Officer; President | Executive Board | 2020 | 59 |
| Keith Potter | Executive Vice President; Chief Financial Officer | Senior Management | 2022 | - |
| Michael Dibden | Chief Operating Officer | Senior Management | 2017 | - |
| Doug Milne | Executive Vice President; Chief Marketing Officer | Senior Management | - | - |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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