IGM Financial

From Wikipedia, the free encyclopedia
Jump to: navigation, search
To be distinguished from IMG Financial Group of the United States.
IGM Financial Inc.
Type Public
Traded as TSXIGM
Industry Asset Management
Founded 1926
Headquarters Winnipeg, Manitoba, Canada
Key people Charles R. Sims & Murray J. Taylor (Co-President & Co-CEOs)
Services Investment, Retirement, Estate, and Tax Planning
AUM C$120.7 billion (2012)[1]
Employees 4,643 (2011)[2]
Website www.igmfinancial.com

IGM Financial Inc. (TSXIGM) is a Canadian financial services company, with $120.7 billion in total assets under management as at December 31, 2012.[1] It is a publicly traded subsidiary of Power Corporation of Canada.

Its activities are carried out principally by Investors Group, through a network of approximately 4,500 Consultants, by Mackenzie Financial Corporation through a diversified network of financial advisors, and by Investment Planning Counsel through a network of financial planners. IGM Financial Inc. is a member of the Power Financial Corporation group of companies.

The company was founded in 1926 as Investors Syndicate. It was acquired by Power Financial Corporation, the financial services arm of Power Corporation, in 1986 and changed its name to Investors Group. It merged with Mackenzie in 2001 to form IGM Financial.

The company offers financial planning such as retirement, estate, tax planning, mutual funds and a range of other investment products and financial services. It offers brokerage services through Investors Group Securities Inc. (IGSI), full suite of insurance products, mortgages, and banking.

In October 2008, IGM's Investors Group Inc. was named one of Manitoba's Top Employers, which was announced by the Winnipeg Free Press newspaper.[3]

On December 14, 2011, it was announced that IGM's Investors Group Inc. had purchased the naming rights for the new Winnipeg Blue Bombers and Manitoba Bisons stadium at the University of Manitoba. The stadium will be called Investors Group Field.[4]

Company Structure[edit]

IGM owns 100% of Investors Group Inc., 100% of Mackenzie Financial Corporation and 97.82% of Investment Planning Counsel Inc.

IGM is 58.4% owned by Power Financial.[5]

Financial Highlights[edit]

Total assets under management (as at December 31) have evolved from $101.7 billions in 2008 to $118.7 billions in 2011.

Operating earnings have evolved from $766 millions in 2008 to $833 millions in 2011.

Dividends per share have evolved from $2.00 in 2008 to $2.10 in 2011.[6]

References[edit]

External links[edit]