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 igmfinancial.com
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Globe and Mail
23 minutes ago
- Globe and Mail
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ESGold (CSE: ESAU) (OTCQB: ESAUF) a fully permitted, preproduction gold and silver company, is reporting that with concentrate testing underway, Humphrey Spirals installed, and major data releases imminent, the company is entering a pivotal month of execution ( With construction now steadily advancing, the company confirms the successful installation of the Humphrey Spirals, which is a core component of the gravity separation circuit that will be used to process historical tailings and recover gold, silver and mica concentrate at its Montauban location. "This milestone establishes the foundation for the plant's initial production throughput, with equipment capable of supporting up to 1,000 tonnes per day (TPD)," the company stated. These developments reflect the strength and adaptability of the gold mining sector as companies at every stage and level — from exploration to production — take decisive steps to expand resources, enhance operational capacity and position themselves for long-term growth. With gold prices holding near record highs, these strategic advancements underscore the sector's readiness to capitalize on the current market and deliver continued value to shareholders. For more information about LaFleur Minerals, visit LaFleur Minerals Inc. (CSE: LFLR) (OTCQB: LFLRF) (FSE: 3WK0) About NetworkNewsWire NetworkNewsWire ("NNW") is a specialized communications platform with a focus on financial news and content distribution for private and public companies and the investment community. 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National Post
23 minutes ago
- National Post
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Globe and Mail
24 minutes ago
- Globe and Mail
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