WINNIPEG, MB, Oct. 5, 2026 /CNW/ —IGM Financial Inc. (IGM) (TSX: IGM) today reported total assets under management and advisement of $345.7 billion at September 30, 2026, up 14.2% from $302.6 billion at September 30, 2025. Record high total consolidated net inflows were $1.1 billion in September 2026.
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SEPTEMBER HIGHLIGHTS
IGM Financial – Assets under management & advisement of $345.7 billion, compared to $346.1 billion in the prior month. Total net inflows were $1.1 billion, up from net inflows of $838 million in September 2025. Investment fund net sales were $451 million, up from net sales of $396 million in September 2025.
IG Wealth Management (IGWM) – Assets under advisement of $178.0 billion, compared to $178.4 billion in the prior month. Total net inflows were $135 million, compared to net inflows of $159 million in September 2025. Investment fund net sales were $32 million, compared to net sales of $191 million in September 2025. For the month, both gross inflows and gross sales were $1.4 billion.
Mackenzie Investments – Assets under management were $269.5 billion, compared with $270.5 billion in the prior month. Total net sales were $1.0 billion, compared with $679 million in September 2025. Investment fund net sales were $419 million compared with $205 million in September 2025. Results in both the current and prior periods benefited from institutional mandate onboarding(3).
Table 2 – Assets under Management and Advisement(4)
($ millions) (unaudited)
September 2026
August 2026
% Change Last Month
Wealth Management
IG Wealth Management
Assets under management
153,461
153,987
(0.3 %)
Other assets under advisement
24,529
24,436
0.4 %
Assets under advisement
177,990
178,423
(0.2 %)
Non-fee-bearing assets
(3,287)
(3,187)
3.1 %
Assets under advisement excl. non-fee-bearing assets
174,703
175,236
(0.3 %)
Asset Management
Mackenzie Investments
Mutual funds
70,490
70,501
–
ETFs
15,782
15,843
(0.4 %)
Investment funds
86,272
86,344
(0.1 %)
Institutional SMA
21,382
20,627
3.7 %
Sub-advisory to Canada Life
60,053
60,680
(1.0 %)
Total Institutional SMA
81,435
81,307
0.2 %
Total third party assets under management
167,707
167,651
–
Sub-advisory and AUM to Wealth Management
101,766
102,833
(1.0 %)
Total
269,473
270,484
(0.4 %)
ETFs distributed to third parties
15,782
15,843
(0.4 %)
ETFs held within IGM managed products
16,618
16,209
2.5 %
Total ETFs
32,400
32,052
1.1 %
Total
Assets under management
321,168
321,638
(0.1 %)
Other assets under advisement
24,529
24,436
0.4 %
Assets under management and advisement
345,697
346,074
(0.1 %)
Non-fee-bearing assets
(3,287)
(3,187)
3.1 %
Assets under management and advisement
excl. non-fee-bearing
342,410
342,887
(0.1 %)
Table 3 – Average Assets under Management and Advisement(4)
($ millions) (unaudited)
Quarter to date 2026
Wealth Management
IG Wealth Management
Assets under management
153,475
Other assets under advisement
24,174
Assets under advisement
177,649
Non-fee-bearing assets
(2,973)
Assets under advisement
excl. non-fee-bearing assets(2)
174,676
Asset Management
Mackenzie Investments
Mutual funds
70,320
ETFs
15,508
Investment funds
85,828
Institutional SMA
20,394
Sub-advisory to Canada Life
60,562
Total Institutional SMA
80,956
Total third party assets under management
166,784
Sub-advisory and AUM to Wealth Management
102,176
Total
268,960
ETFs distributed to third parties
15,508
ETFs held within IGM managed products
15,533
Total ETFs
31,041
Total
Assets under management
320,259
Other assets under advisement
24,174
Assets under management and advisement
344,433
Non-fee-bearing assets
(2,973)
Assets under management and advisement excl. non-fee-bearing
341,460
1
Excludes sub-advisory to Canada Life and the Wealth Management segment.
2
The figures shown for IG Wealth Management assets under advisement reflect a daily average. For reference, the simple quarterly average excluding non-fee-bearing assets, based on monthly average values, is $174,247 million.
3
Institutional activities during the current and prior periods included the following: – September 2026: Mackenzie onboarded mandates totaling approximately $900 million, including $362 million in investment funds. – September 2025: Mackenzie onboarded a mandate of $532 million.
4
Assets under management and advisement excludes Northleaf.
Glossary of Terms
Assets Under Management and Advisement (AUM&A) represent the consolidated AUM and AUA of IGM Financial’s core businesses IG Wealth Management and Mackenzie Investments. In the Wealth Management segment, AUM is a component part of AUA. All instances where the asset management segment is providing investment management services or distributing its products through the Wealth Management segment are eliminated in our reporting such that there is no double-counting of the same client savings held at IGM Financial’s core businesses.
Assets Under Advisement (AUA) are the key driver of the Wealth Management segment. AUA are savings and investment products held within client accounts of our Wealth Management segment core businesses.
Assets Under Management (AUM) are the key driver of the Asset Management segment. AUM are a secondary driver of revenues and expenses within the Wealth Management segment in relation to its investment management activities. AUM are client assets where we provide investment management services and include investment funds where we are the fund manager, investment advisory mandates to institutions, and other client accounts where we have discretionary portfolio management responsibilities.
Non-fee-bearingassets are institutional client assets held by IG Wealth Management for which the company does not earn ongoing advisory fees under the current service arrangement. These assets are included for reporting completeness but do not contribute to recurring fee revenue.
Mutual fund gross sales and net sales reflect the results of the mutual funds managed by the respective operating companies, and in the case of the Wealth Management segment also include other discretionary portfolio management services provided by the operating companies, including separately managed account programs.
ETFs represent exchange traded funds managed by Mackenzie.
Institutional SMA represents investment advisory and sub-advisory mandates to institutional investors, pension plans and foundations through separately managed accounts.
Other net flows and Other assets under advisement represent financial savings products held within client accounts in the Wealth Management segment that are not invested in products or programs where these operating companies perform investment management activities. These savings products include investment funds managed by third parties, direct investment in equity and fixed income securities and deposit products.
Net flows represent the total net contributions, in cash or in kind, to client accounts at the Wealth Management segment and the overall net sales to the Asset Management segment.
Wealth Management – Reflects the activities of operating companies primarily focused on providing financial planning and related services to Canadian households and represents the operations of IGWM. IGWM is a retail distribution organization that serves Canadian households through their securities dealers, mutual fund dealers and other subsidiaries licensed to distribute financial products and services. The majority of the revenues of this segment are derived from providing financial advice and distributing financial products and services to Canadian households. This segment also includes the investment management activities of these organizations, including mutual fund management and discretionary portfolio management services.
Asset Management – Reflects the activities of operating companies primarily focused on providing investment management services, and represents the operations of Mackenzie Investments. Investment management services are provided to a suite of investment funds that are distributed through third-party dealers and financial advisors, and also through institutional advisory mandates to pension and other institutional investors.
ABOUT IGM FINANCIAL INC.
IGM Financial Inc. (“IGM”, TSX: IGM) is a leading Canadian diversified wealth and asset management organization with approximately $346 billion in total assets under management and advisement as of September 30, 2026. The company is committed to bettering the lives of Canadians by better planning and managing their money. To achieve this, IGM provides a broad range of financial planning and investment management services to help approximately two million Canadians meet their financial goals. IGM’s activities are carried out principally through IG Wealth Management and Mackenzie Investments and are complemented by strategic positions in wealth managers Rockefeller Capital Management and Wealthsimple and asset managers ChinaAMC and Northleaf Capital. These strengthen IGM’s capabilities, reach and diversification. IGM is a member of the Power Corporation group of companies. For more information, visit igmfinancial.com.
