IGM Financial Reports Record AUM Growth Amid Mixed Wealth Management Flows
Event summary
- IGM Financial's total AUM&A reached $325.8 billion in April 2026, up 20.9% year-over-year.
- Consolidated net inflows were $763 million in April 2026, reversing net outflows of $430 million in April 2025.
- Mackenzie Investments reported $934 million in net sales, while IG Wealth Management saw $171 million in net outflows.
- Mackenzie onboarded a $413 million institutional mandate during the month.
The big picture
IGM Financial's record AUM growth reflects broader industry trends of institutional demand for asset management services. The mixed performance between Mackenzie's strong inflows and IG Wealth Management's outflows highlights the challenges of balancing retail and institutional strategies. The company's strategic partnerships suggest a focus on expanding its digital and international capabilities.
What we're watching
- Institutional Momentum
- Whether Mackenzie can sustain this institutional inflow pace following the $413 million mandate win.
- Wealth Management Challenges
- How IG Wealth Management will address persistent net outflows despite overall AUM growth.
- Strategic Diversification
- The impact of IGM's partnerships with firms like Wealthsimple and ChinaAMC on future growth trajectories.
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