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IGM Financial
Financial services / Financial Services and Asset Management
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IGM Financial is a diversified financial services company based in Winnipeg, Manitoba, Canada. It was founded in 1976 and is one of the largest financial services companies in Canada, with over $200 billion in assets under management. IGM Financial operates through its three main operating companies: Investors Group, Mackenzie Investments, and Investment Planning Counsel. Together, these companies offer a range of financial products and services including mutual funds, advisory services, retirement planning, and insurance products. IGM Financial is a subsidiary of Power Corporation of Canada, a diversified international management and holding company. The company is publicly traded on the Toronto Stock Exchange under the ticker symbol IGM.
What is special about the company?
1. Leading Independent Financial Services Company: IGM Financial is one of the leading independent financial services companies in Canada, offering a wide range of products and services to meet the diverse financial needs of its clients.
2. Strong and Stable Financial Performance: IGM Financial has consistently delivered strong and stable financial performance, with a track record of sustainable growth and solid financial results. This makes it a reliable and trustworthy choice for investors.
3. Diversified Portfolio: The company has a well-diversified portfolio of business segments, including fund management, wealth management, and insurance. This helps the company mitigate risks and adapt to changing market conditions.
4. Partnership with Industry-Leading Brands: IGM Financial has partnerships with some of the most renowned and trusted brands in the financial industry, such as Investors Group, Mackenzie Investments, and Counsel Portfolio Services. This allows the company to offer high-quality products and services to its clients.
5. Focus on Innovation and Technology: IGM Financial is committed to innovation and embraces new technologies to enhance its product and service offerings. This allows the company to stay competitive and meet the evolving needs of its clients.
6. Strong Corporate Governance: The company has a strong commitment to corporate governance, ensuring transparency, accountability, and ethical practices in all its operations.
7. Social Responsibility: IGM Financial is committed to corporate social responsibility, with a focus on environmental sustainability, community involvement, and ethical business practices.
8. Industry Awards and Recognition: The company has been consistently recognized and awarded for its financial performance, corporate governance, and commitment to innovation and social responsibility.
9. Strong Distribution Network: IGM Financial has a strong distribution network through its subsidiaries, which allows the company to reach a large and diverse customer base.
10. Experienced Management Team: The company has an experienced and knowledgeable management team with a proven track record of success in the financial industry, providing strong leadership and strategic direction for the company.
2. Strong and Stable Financial Performance: IGM Financial has consistently delivered strong and stable financial performance, with a track record of sustainable growth and solid financial results. This makes it a reliable and trustworthy choice for investors.
3. Diversified Portfolio: The company has a well-diversified portfolio of business segments, including fund management, wealth management, and insurance. This helps the company mitigate risks and adapt to changing market conditions.
4. Partnership with Industry-Leading Brands: IGM Financial has partnerships with some of the most renowned and trusted brands in the financial industry, such as Investors Group, Mackenzie Investments, and Counsel Portfolio Services. This allows the company to offer high-quality products and services to its clients.
5. Focus on Innovation and Technology: IGM Financial is committed to innovation and embraces new technologies to enhance its product and service offerings. This allows the company to stay competitive and meet the evolving needs of its clients.
6. Strong Corporate Governance: The company has a strong commitment to corporate governance, ensuring transparency, accountability, and ethical practices in all its operations.
7. Social Responsibility: IGM Financial is committed to corporate social responsibility, with a focus on environmental sustainability, community involvement, and ethical business practices.
8. Industry Awards and Recognition: The company has been consistently recognized and awarded for its financial performance, corporate governance, and commitment to innovation and social responsibility.
9. Strong Distribution Network: IGM Financial has a strong distribution network through its subsidiaries, which allows the company to reach a large and diverse customer base.
10. Experienced Management Team: The company has an experienced and knowledgeable management team with a proven track record of success in the financial industry, providing strong leadership and strategic direction for the company.
What the company's business model?
IGM Financial is a Canadian financial services company that operates through its subsidiary companies, including Investors Group, Mackenzie Investments, and Investment Planning Counsel. Its business model is focused on providing a range of financial products and services to individual and institutional clients in Canada and internationally.
IGM Financial's main activities include:
1. Wealth management: The company offers a comprehensive range of investment and wealth management services, including mutual funds, exchange-traded funds (ETFs), segregated funds, and other investment products for individuals and institutions.
2. Financial planning: Through its subsidiary Investors Group, IGM Financial provides financial planning services to help clients achieve their financial goals and objectives.
3. Asset management: Mackenzie Investments, another subsidiary of IGM Financial, offers a wide range of investment solutions for individual and institutional clients, including mutual funds, ETFs, and alternative investments.
4. Insurance: IGM Financial also provides insurance products, including life, critical illness, and disability insurance, to protect and support clients in their long-term financial planning.
5. Brokerage services: Through its subsidiary Investment Planning Counsel, IGM Financial offers brokerage services, including trading securities, investment research, and financial advice.
6. Online investment platform: The company's online brokerage platform, Wealthsimple, allows clients to invest in a variety of investments, including stocks, ETFs, and mutual funds.
IGM Financial's business model is based on providing personalized and comprehensive financial solutions to its clients, supported by a team of financial advisors and investment professionals. The company aims to help clients achieve their financial goals and build long-term relationships through its diversified product offerings, technology, and trusted advice.
IGM Financial's main activities include:
1. Wealth management: The company offers a comprehensive range of investment and wealth management services, including mutual funds, exchange-traded funds (ETFs), segregated funds, and other investment products for individuals and institutions.
2. Financial planning: Through its subsidiary Investors Group, IGM Financial provides financial planning services to help clients achieve their financial goals and objectives.
3. Asset management: Mackenzie Investments, another subsidiary of IGM Financial, offers a wide range of investment solutions for individual and institutional clients, including mutual funds, ETFs, and alternative investments.
4. Insurance: IGM Financial also provides insurance products, including life, critical illness, and disability insurance, to protect and support clients in their long-term financial planning.
5. Brokerage services: Through its subsidiary Investment Planning Counsel, IGM Financial offers brokerage services, including trading securities, investment research, and financial advice.
6. Online investment platform: The company's online brokerage platform, Wealthsimple, allows clients to invest in a variety of investments, including stocks, ETFs, and mutual funds.
IGM Financial's business model is based on providing personalized and comprehensive financial solutions to its clients, supported by a team of financial advisors and investment professionals. The company aims to help clients achieve their financial goals and build long-term relationships through its diversified product offerings, technology, and trusted advice.
Interesting facts about the company
1. The IGM Financial company is one of the largest financial services companies in Canada, with over $201 billion in total assets under management as of December 2020.
2. It was founded in 1957 as Investors Group by entrepreneur Ted Wade, who wanted to create a company that would provide financial planning and investments to middle-class Canadians.
3. In 2001, Investors Group merged with another financial services company, Mackenzie Financial Corporation, to form IGM Financial. This merger created one of the largest publicly traded financial services companies in Canada.
4. IGM Financial is a subsidiary of Power Corporation of Canada, a diversified international management and holding company. Power Corporation owns approximately 66.9% of IGM Financial’s outstanding shares as of December 2020.
5. The company operates through two main subsidiaries: Investors Group and Mackenzie Investments. Investors Group offers a wide range of financial products and services, including mutual funds, insurance, and mortgages, while Mackenzie Investments specializes in investment management and solutions.
6. In addition to its Canadian operations, IGM Financial also has a presence in the United States and Europe through its subsidiary, Counsel Portfolio Services.
7. The company has a strong commitment to corporate social responsibility, with a focus on environmental sustainability, philanthropy, and community involvement. In 2020, IGM Financial was recognized as one of Canada’s Top 100 Employers for the eighth consecutive year.
8. IGM Financial is listed on the Toronto Stock Exchange under the symbol IGM, and it is a member of the S&P/TSX Composite Index, the S&P/TSX 60 Index, and the S&P/TSX Composite Dividend Index.
9. The company has received numerous awards and recognitions, including being named one of the Best Employers in Canada by Forbes in 2021 and being recognized as one of the Most Admired Corporate Cultures in Canada by Waterstone Human Capital in 2020.
10. IGM Financial’s operations have expanded beyond traditional financial services, with the company also investing in technology and data-driven solutions to enhance its customer experience and business operations.
See Company Due Diligence:
2. It was founded in 1957 as Investors Group by entrepreneur Ted Wade, who wanted to create a company that would provide financial planning and investments to middle-class Canadians.
3. In 2001, Investors Group merged with another financial services company, Mackenzie Financial Corporation, to form IGM Financial. This merger created one of the largest publicly traded financial services companies in Canada.
4. IGM Financial is a subsidiary of Power Corporation of Canada, a diversified international management and holding company. Power Corporation owns approximately 66.9% of IGM Financial’s outstanding shares as of December 2020.
5. The company operates through two main subsidiaries: Investors Group and Mackenzie Investments. Investors Group offers a wide range of financial products and services, including mutual funds, insurance, and mortgages, while Mackenzie Investments specializes in investment management and solutions.
6. In addition to its Canadian operations, IGM Financial also has a presence in the United States and Europe through its subsidiary, Counsel Portfolio Services.
7. The company has a strong commitment to corporate social responsibility, with a focus on environmental sustainability, philanthropy, and community involvement. In 2020, IGM Financial was recognized as one of Canada’s Top 100 Employers for the eighth consecutive year.
8. IGM Financial is listed on the Toronto Stock Exchange under the symbol IGM, and it is a member of the S&P/TSX Composite Index, the S&P/TSX 60 Index, and the S&P/TSX Composite Dividend Index.
9. The company has received numerous awards and recognitions, including being named one of the Best Employers in Canada by Forbes in 2021 and being recognized as one of the Most Admired Corporate Cultures in Canada by Waterstone Human Capital in 2020.
10. IGM Financial’s operations have expanded beyond traditional financial services, with the company also investing in technology and data-driven solutions to enhance its customer experience and business operations.
See Company Due Diligence:
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