IGM Financial Inc.
| File:IGM Financial logo.svg | |
| Public | |
| Traded as | TSX: IGM S&P/TSX Composite Component |
| ISIN | 🆔 |
| Industry | Financial services |
| Founded 📆 | 1926 |
| Founder 👔 | |
| Headquarters 🏙️ | , , Canada |
Area served 🗺️ | |
Key people |
|
| Services | Investment, Retirement, Estate, and Tax Planning |
| 💎 AUM | C$133.6 billion (2015) [1] |
| Owner | Power Financial (62.1%)[2] |
| Members | |
Number of employees | 3,300 (2020)[3] |
| 🌐 Website | www |
| 📇 Address | |
| 📞 telephone | |
IGM Financial Inc. (IGM, IGM Financial) (TSX: IGM) is a wealth and asset management company supporting financial advisors and the clients they serve in Canada, and institutional investors throughout North America, Europe and Asia. The company's head office is located in Winnipeg, Manitoba, and its common shares trade on the Toronto Stock Exchange (TSX: IGM). IGM Financial is a member of the Power Corporation group of companies.
History[edit]
In 1926, Investors Syndicate Inc. opened its first Canadian office and in 1940, Investors Syndicate of Canada, Limited, a wholly-owned subsidiary of US-based Investors Syndicate Inc., was incorporated in Manitoba. In 1964, Investors Syndicate of Canada, Limited changed its name to The Investors Group (April), Investors Syndicate Limited was incorporated in Manitoba (April) and The Investors Group was established as a holding company (September).
The Imperial Life Assurance Company acquired 30% of the outstanding shares of The Investors Group from CIBC in October 1965. Paul Desmarais was a central figure of Imperial Life Assurance Company. Power Corporation of Canada purchased shares from Canadian Pacific Investments, CIBC and RBC in 1969, giving them 53% ownership and then in 1978, Power Corporation of Canada acquired 96.2% shares of The Investors Group. The company had its initial public offering in October 1986.
After acquiring Mackenzie Financial Corporation in 2001 and Investment Planning Counsel in 2004, Investors Group Inc. changed its name to IGM Financial Inc.
Current services[edit]
The company provides financial planning and investment management services. Its activities are carried out principally through IG Wealth Management, Mackenzie Investments and Investment Planning Counsel. IGM Financial is a member of the Power Corporation group of companies.
Company structure[edit]
IGM Financial operates through a number of operating subsidiaries and also holds a number of strategic investments that provide benefits to these subsidiaries while furthering the company's growth prospects. The company's principle operating subsidiaries are wealth managers IG Wealth Management and Investment Planning Counsel and asset manager Mackenzie Investments. The company also has strategic investments in Great‑West Lifeco Inc. (Lifeco), China Asset Management Co., Ltd. (China AMC), Northleaf Capital Group Ltd. (Northleaf) and Wealthsimple Financial Corp. (Wealthsimple).
IGM owns 100% of Investors Group Inc. (IG Wealth Management, IG), 100% of Mackenzie Financial Corporation (Mackenzie Investments, Mackenzie) and 100% of Investment Planning Counsel Inc (IPC).
IGM is 62.1% owned by Power Financial.
References[edit]
- ↑ "Archived copy" (PDF). Archived from the original (PDF) on 2016-10-22. Retrieved 2016-04-13. Unknown parameter
|url-status=ignored (help)CS1 maint: Archived copy as title (link) - ↑ "Organization Chart". Power Corporation of Canada. Retrieved August 23, 2020.
- ↑ "Company Profile for IGM Financial Inc". Retrieved 2020-12-20.
External links[edit]
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