IGM Financial Inc. (TSX: IGM) is a Canadian financial services company, with $133.6 billion in total assets under management as at December 31, 2015. It is a publicly traded subsidiary of Power Corporation of Canada.
Its activities are carried out principally by Investors Group, through a network of approximately 5,300 Consultants, by Mackenzie Financial Corporation through a diversified network of financial advisors, and by Investment Planning Counsel through a network of financial planners. IGM Financial Inc. is a member of the Power Financial Corporation group of companies.
The company was founded in 1926 as Investors Syndicate. It was acquired by Power Financial Corporation, the financial services arm of Power Corporation, in 1986 and changed its name to Investors Group. It merged with Mackenzie in 2001 to form IGM Financial.
The company offers financial planning such as retirement, estate, tax planning, mutual funds and a range of other investment products and financial services. It offers brokerage services through Investors Group Securities Inc. (IGSI), full suite of insurance products, mortgages, and banking.
In October 2008, IGM's Investors Group Inc. was named one of Manitoba's Top Employers, which was announced by the Winnipeg Free Press newspaper.
Investors Group Inc. owns the naming rights to two sports venues located on the University of Manitoba campus in Winnipeg--Investors Group Field, home to the Winnipeg Blue Bombers and Manitoba Bisons, and Investors Group Athletic Centre, home to the Bisons basketball and volleyball programs.
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Company Structure
IGM owns 100% of Investors Group Inc., 100% of Mackenzie Financial Corporation and 97.82% of Investment Planning Counsel Inc.
IGM is 58.4% owned by Power Financial.
Financial Highlights
Total assets under management (at year end) have expanded from $101.7 billion in 2008 to $118.7 billion in 2011.
Operating earnings have increased from $766 million in 2008 to $833 million in 2011.
Dividends per share have also increased from $2.00 in 2008 to $2.10 in 2011.In October 2017, It was reported that IGM Financial Inc.(TSE:IGM)'s share price reached 52-week high at $43.05 during trading.
Source of the article : Wikipedia
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