IGM Financial Smashes Records, Boosts Dividend by 10% in Strong 2025

WINNIPEG, MB – February 12, 2026 – IGM Financial Inc. (TSX: IGM) capped off a banner year by reporting record-breaking earnings for the fourth quarter and the entirety of 2025, punctuating the announcement with a 10% increase to its quarterly dividend. The results paint a picture of a company firing on all cylinders, successfully navigating a complex market to attract significant client assets and deliver robust shareholder returns.

The Winnipeg-based wealth and asset management powerhouse announced record-high adjusted net earnings of $301.4 million for the fourth quarter, a 20.6% surge compared to the same period in 2024. For the full year, the company posted an all-time high in annual adjusted net earnings, reaching $1.09 billion. This performance was bolstered by a powerful influx of client capital, with fourth-quarter net inflows hitting $2.2 billion—a dramatic increase from the $244 million seen in Q4 2024.

In a statement reflecting the company's bullish outlook, President and Chief Executive Officer James O'Sullivan confirmed the firm's robust standing. "IGM's financial position has never been stronger," he said. "With record levels of client assets and earnings combined with $1 billion in unallocated capital and low debt levels, we enter 2026 focused on returning capital to our shareholders."

Growth Amidst Fierce Competition

IGM's impressive performance comes as it vies for market share in the rapidly expanding Canadian asset management sector, which is projected to grow at a compound annual rate of 20% between 2026 and 2034. The firm's total assets under management and advisement (AUM&A) climbed 14.7% year-over-year to $310.1 billion by the end of 2025.

While a significant figure, it places IGM within a landscape dominated by Canada's banking giants. For perspective, as of late 2025, RBC Global Asset Management managed approximately $740 billion in assets, while TD Asset Management oversaw around $531 billion. Scotiabank's Global Wealth Management also reported a substantial $432 billion in assets under management.

Against this backdrop, IGM’s ability to not only hold its own but to post record-breaking growth and client inflows underscores the effectiveness of its strategy. The company's core businesses, IG Wealth Management and Mackenzie Investments, both achieved milestone results. IG Wealth Management's assets under advisement hit a record high of $158.9 billion, while Mackenzie Investments' total assets under management also reached a new peak of $244.0 billion.

A Two-Pronged Strategy: Core Strength and Strategic Vision

A key driver of IGM's success is its dual focus on strengthening its core operations while making strategic investments that provide diversification and access to new growth avenues. The firm’s AUM&A, when including its strategic investments, swelled to $566.2 billion, a 17.1% increase from the previous year.

These strategic holdings include fintech disruptor Wealthsimple, U.S.-based Rockefeller Capital Management, and international asset manager China Asset Management Co. (ChinaAMC). The company’s approach appears to be paying dividends, both literally and figuratively. In the fourth quarter, IGM realized proceeds of $394.2 million from a transaction involving its stake in Rockefeller, a move that showcases a successful cycle of investment and value realization.

Simultaneously, the continued investment in Wealthsimple positions IGM to capitalize on the financial industry's digital transformation and the increasing demand for robo-advisory and direct-to-consumer platforms. This blend of traditional, advisor-led services through IG Wealth Management and digital-first offerings allows the company to cater to a wide spectrum of client needs, from those seeking holistic, high-touch financial planning to a younger, more tech-savvy demographic.

Thriving in a Shifting Investment World

IGM's strong 2025 results were achieved despite a challenging macroeconomic environment marked by concerns over inflation, interest rate movements, and market volatility. The significant net inflows suggest that the company's offerings are resonating with investors seeking stability and comprehensive financial guidance during uncertain times.

Industry trends point to a growing client demand for holistic financial planning that goes beyond simple investment management to include tax, estate, and retirement strategies. Furthermore, the “democratization of investing” has brought a new wave of investors into the market, while a heightened focus on Environmental, Social, and Governance (ESG) factors is reshaping investment priorities.

IGM's growth indicates a successful response to these evolving demands. The record gross client inflows of $4.8 billion in the fourth quarter at IG Wealth Management suggest its advisor network is effectively meeting the need for personalized, comprehensive planning. Meanwhile, Mackenzie Investments saw a dramatic turnaround, posting total net sales of $1.5 billion in Q4 compared to net redemptions of $309 million in the prior year's quarter, with its ETF business showing particularly strong growth.

With a fortified balance sheet and a clear strategy of rewarding shareholders, IGM Financial enters 2026 with significant momentum. The 10% dividend hike to $0.62 per share, payable in April, serves as a tangible signal of leadership's confidence in maintaining this trajectory.