The company operates in Canada through its subsidiaries IG Wealth Management and Mackenzie Financial Corporation. Power Corporation of Canada, which also holds a majority stake in Great-West Life co, has a majority stake (62%) in IGM. This provides strategic backing and integration opportunities within a larger financial services ecosystem.
Cyborg Score Rationale
IGM is a market-leading Canadian wealth manager with substantial assets under management, diversified revenue streams, and strong institutional backing. However, exposure to market volatility and competitive pressures from digital wealth platforms present headwinds.
Top Insights
Canada's largest nonbank wealth and asset manager with over two million client relationships
Diversified business model spanning financial advisory, asset management, insurance distribution, and brokerage
Significant institutional investor with ~$248B AUM as of Feb 2024; strong fee-generating platform
Recently invested in fintech through Wealthsimple stake (Oct 2025), signaling digital strategy evolution
Named Competitors
Brookfield Asset Management — Global asset management
CI Financial — Canadian wealth and asset management
Raymond James Financial — Financial services and investment banking
Charles Schwab — Digital-first brokerage and wealth management
Recent Developments
(October 2025) Investment in Wealthsimple Technologies for later-stage venture capital
(February 2024) Reported $248 billion in total assets under management and advisement
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