IGM Financial Reports Record Net Inflows Amid Mixed AUM Performance…

Event summary

IGM Financial reported $345.7 billion in AUM&A as of September 30, 2026, up 14.2% year-over-year but down slightly from August 2026.
Total consolidated net inflows reached a record $1.1 billion in September 2026, up from $838 million in September 2025.
Mackenzie Investments drove net sales with $1.0 billion, boosted by institutional mandate onboarding totaling $900 million.
IG Wealth Management saw net inflows of $135 million, a decline from $159 million in September 2025.

The big picture

IGM Financial's record net inflows highlight its strength in institutional asset management, but the slight decline in AUM&A and retail segment performance suggest challenges in maintaining growth across all business lines. The company's strategic investments in digital wealth platforms and international asset managers aim to bolster its position in a competitive market, though execution risks remain.

What we're watching

Institutional Growth: Whether Mackenzie Investments can sustain the pace of institutional mandate onboarding to offset retail segment softness.
Retail Segment Pressure: How IG Wealth Management will address declining net inflows amid competitive pressures in the Canadian wealth management space.
Strategic Diversification: The impact of IGM's strategic positions in Rockefeller Capital Management, Wealthsimple, ChinaAMC, and Northleaf Capital on long-term growth.