IGM Financial
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IGM Financial (IGM) investor relations material

IGM Financial Q3 2026 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Q3 2026 earnings summary6 Nov, 2026

Executive summary

  • Adjusted EPS rose 18.9% to a record $1.51; adjusted net earnings increased 16.6% to $351.1 million.

  • AUM and advisement reached $381.7 billion, up 26.1% YoY, with $3.4 billion in net inflows.

  • Consolidated AUM & A including strategic investments reached $645.6 billion, up 14.8% YoY.

  • Momentum spanned wealth management, strategic investments and Mackenzie retail and institutional sales; priorities included capital returns, simplification and AI.

Financial highlights

  • Reported net earnings rose 63.5% to $487.5 million; reported diluted EPS was $2.10, including a $144.0 million after-tax Northleaf step-acquisition gain.

  • IG Wealth adjusted net earnings rose 27.4% to $197.9 million; Mackenzie adjusted net earnings increased 8.4% to $73.9 million.

  • Wealth Management adjusted earnings increased 30.1% to $205.8 million, while Asset Management adjusted earnings declined 1.8% to $108.6 million.

  • Adjusted EBIT increased 17.7% to $495.6 million; revenue was $1,144.0 million, up 17.3% YoY.

Outlook and guidance

  • FY2026 combined operations, support and business development expense growth guidance remains 4%, excluding restructuring and Northleaf consolidation.

  • Simplification actions are expected to generate ~$15 million in 2026 savings for reinvestment in capabilities; milestones remain on track.

  • IG Wealth expects a slight Q4 advisory fee-rate decline as cash moves into long-term solutions, with reversal expected in Q1 2027; Q4 asset-based compensation rate is expected to rise modestly.

  • Mackenzie reported an awarded institutional mandate pipeline of ~$5 billion, expected to fund in coming months, and a strong, high-probability pipeline entering 2027.

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Frequently asked questions

IGM Financial Inc is a Canadian-based wealth and asset management company providing financial advisory, investment management, and retirement planning services. The company operates through brands such as IG Wealth Management and Mackenzie Investments, serving individuals, businesses, and institutions. IGM Financial distributes investment products and advisory services across Canada. The company is headquartered in Winnipeg, Canada, and its shares are listed on the TSX.