WINNIPEG, MB, Jan. 6, 2026 /CNW/ – IGM Financial Inc. (IGM) (TSX: IGM) today reported total assets under management and advisement of $310.1 billion at December 31, 2025, up 14.7% from $270.4 billion at December 31, 2024. Total consolidated net inflows were $310 million during December 2025.
IGM Financial logo (CNW Group/IGM Financial Inc.)
DECEMBER HIGHLIGHTS
IGM Financial– Assets under management & advisement of $310.1 billion compared to $311.1 billion in the prior month. Total net inflows were $310 million up from net outflows of $3 million in December 2024. Investment fund net sales were $257 million up from net sales of $68 million in December 2024.
IG Wealth Management (IGWM) – Assets under advisement of $158.9 billion compared to $159.3 billion in the prior month. Total net inflows were $232 million up from net inflows of $188 million in December 2024. Investment fund net sales were $137 million compared to net sales of $149 million in December 2024. Record gross inflows of $1.6 billion and gross sales of $1.5 billion delivered the strongest December performance in our history.
Mackenzie Investments – Assets under management of $244.0 billion compared to $246.4 billion in the prior month. Total net sales of $78 million up from net redemptions of $191 million in December 2024. Investment fund net sales were $120 million up from net redemptions of $81 million in December 2024.
Table 1 – Gross and Net Flows
Please see www.igmfinancial.com for file with trended history.
Wealth Management
Asset Management
($ millions) (unaudited)
IG Wealth Management
Mackenzie Investments
IGM
Financial
For the month ended December 31, 2025
Net flows
Mutual fund net sales
136.9
(173.1)
(36.2)
ETF net creations
292.7
292.7
Investment fund net sales
136.9
119.6
256.5
Institutional SMA net sales
(41.7)(1)
(41.7)
Managed asset net sales
136.9
77.9
214.8
Other net flows
94.7
94.7
Net flows
231.6
77.9
309.5
Gross flows
Mutual fund gross sales
1,525.8
964.2
2,490.0
Dealer gross inflows
1,623.5
1,623.5
Table 2 – Assets under Management and Advisement
($ millions) (unaudited)
December
2025
November
2025
% Change Last Month
Wealth Management
IG Wealth Management
Assets under management
138,748
140,892
(1.5 %)
Other assets under advisement
20,193
18,444
9.5 %
Assets under advisement
158,941
159,336
(0.2 %)
Asset management
Mackenzie Investments
Mutual funds
65,671
66,486
(1.2 %)
ETFs
12,462
12,248
1.7 %
Investment funds
78,133
78,734
(0.8 %)
Institutional SMA
14,491
14,517
(0.2 %)
Sub-advisory to Canada Life
58,525
58,534
–
Total Institutional SMA
73,016
73,051
–
Total third party assets under management
151,149
151,785
(0.4 %)
Sub-advisory and AUM to Wealth Management
92,837
94,590
(1.9 %)
Total
243,986
246,375
(1.0 %)
ETF’s distributed to third parties
12,462
12,248
1.7 %
ETF’s held within IGM managed products
11,672
11,650
0.2 %
Total ETFs
24,134
23,898
1.0 %
Total
Assets under management
289,897
292,677
(0.9 %)
Other assets under advisement
20,193
18,444
9.5 %
Assets under management and advisement
310,090
311,121
(0.3 %)
Table 3 – Average Assets under Management and Advisement
($ millions) (unaudited)
Quarter to date 2025
Wealth Management
IG Wealth Management
Assets under management
139,463
Other assets under advisement
18,325
Assets under advisement(2)
157,788
Asset Management
Mackenzie Investments
Mutual funds
65,901
ETFs
11,601
Investment funds
77,502
Institutional SMA
14,601
Sub-advisory to Canada Life
57,624
Total Institutional SMA
72,225
Total third party assets under management
149,727
Sub-advisory and AUM to Wealth Management
93,506
Total
243,233
ETFs distributed to third parties
11,601
ETFs held within IGM managed products
11,452
Total ETFs
23,053
Total
Assets under management
289,190
Other assets under advisement
18,325
Assets under management and advisement
307,515
1
Excludes sub-advisory to Canada Life and the Wealth Management segment.
2
The figures shown for IG Wealth Management assets under advisement reflect a daily average. For reference, the simple quarterly average based on month end values is $158,248 million.
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.
ABOUT IGM FINANCIAL INC. IGM Financial Inc. (“IGM”, TSX: IGM) is a leading Canadian diversified wealth and asset management organization with approximately $310 billion in total assets under management and advisement as of December 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
