IGM Financial ( (IGIFF) ) has released its Q2 earnings. Here is a breakdown of the information IGM Financial presented to its investors.
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IGM Financial Inc., a prominent Canadian wealth and asset management firm, provides comprehensive financial planning and investment management services, primarily through its subsidiaries IG Wealth Management and Mackenzie Investments. The company also holds strategic investments in Rockefeller Capital Management, Wealthsimple, ChinaAMC, and Northleaf Capital, enhancing its market reach and diversification.
In its latest earnings report for the second quarter of 2025, IGM Financial announced record high adjusted net earnings of $252.7 million, marking a 14.7% increase from the same period in 2024. The company’s assets under management and advisement reached an all-time high of $283.9 billion, reflecting a 12.5% year-over-year growth. Additionally, IGM’s strategic investments contributed to a total asset value of $521.1 billion.
Key financial highlights include a significant rise in net earnings to $246.7 million, up 14.1% from the previous year, and an increase in earnings per share to $1.04. The company also reported net inflows of $90 million, a notable improvement from net outflows of $1.1 billion in the second quarter of 2024. IGM’s investment in Wealthsimple saw a substantial increase in value, contributing positively to the company’s financial performance.
IGM Financial’s strategic initiatives included the partial sale of its stake in Conquest Planning, which generated a sevenfold return on investment. The company’s core segments, IG Wealth Management and Mackenzie Investments, both reported record high assets under advisement and management, respectively, with significant client inflows and increased investment fund sales.
Looking ahead, IGM Financial’s management remains optimistic about the company’s growth prospects, supported by strong performance across its subsidiaries and strategic investments. The firm continues to focus on executing its strategy to maintain and enhance its position in the wealth and asset management industry.