IGM Financial Inc. reported third-quarter net earnings of $298.1 million, up 24.6% from the same quarter of last year, the Winnipeg-based firm announced Thursday.
IG Wealth Management’s adjusted net earnings for the third quarter were $155.3 million, up 23.7% from last year. Wealth management revenues rose to $697 million, compared to $616 million for the same period last year.
Total segregated fund assets were $1.2 billion at Sept. 30, 2025, unchanged from a year earlier. There were 370,000 in-force policies with a total insured value of $107 billion, compared to 372,000 with an insured value of $106 billion at the end of last September.
At the same time, advisory fees climbed to $368.1 million in the third quarter, up 12% from $328.6 million in the same period last year. The increase was primarily attributed to a 13.2% rise in average assets under administration, partially offset by a decrease in the advisory fee rate.
IGM had $302.6 billion in assets under management and advisement, which it says is a record high, up 14.2% from last year’s third quarter. The total AUM of high-net-worth clients with household assets greater than $1 million rose 28.5% from a year ago to $75 billion as of Sept 30. Clients with fewer than household $250,000 in assets accounted for $22.4 billion, down 3.8% from one year ago.
The firm had 1,588 advisor practices that had more than four years of experience at the end of Q3, down from 1,657 at the same time last year. Meanwhile, there were 224 advisors with less than four years of experience.
The advisor practice gross inflows were $2.2 million per practice for the third quarter, compared to $1.8 million in the same period in 2024.