IGM Financial Reports Mixed March Performance with 14.2% Annual AUM Growth
Event summary
- IGM Financial's total AUM&A reached $314.0 billion as of March 31, 2026, up 14.2% from $275.0 billion a year earlier.
- Consolidated net inflows were $1.3 billion in March 2026, down from $3.3 billion in March 2025.
- IG Wealth Management saw a 3.5% month-over-month decline in assets under advisement to $162.6 billion.
- Mackenzie Investments reported $1.2 billion in net sales, including $1.2 billion in institutional mandates onboarded in March 2026.
The big picture
IGM Financial's mixed March performance reflects broader challenges in the wealth and asset management sectors, where institutional flows often outpace retail. The company's 14.2% annual AUM growth underscores its scale, but the month-over-month declines in both segments signal potential headwinds in client retention and market volatility. Strategic partnerships and institutional mandates remain key levers for growth.
What we're watching
- Institutional Momentum
- Whether Mackenzie Investments can sustain the pace of institutional mandate growth following the $1.2 billion onboarded in March.
- Retail Market Trends
- How IG Wealth Management will address the month-over-month decline in assets under advisement amid broader retail investor sentiment.
- Competitive Positioning
- The impact of IGM's strategic partnerships with firms like Wealthsimple and ChinaAMC on its long-term market differentiation.
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