IGM Financial reports record Q4 and full-year earnings

Q4 net earnings were $322.4 million, up 26.6% year over year in the quarter. Earnings per share hit $1.36.

Record annual adjusted net earnings were $1.09 billion, or $4.61 per share, up about 16% year over year. Annual net earnings were $1.1 billion or $4.64 per share, up about 18%.

Assets under management and advisement reached $310.1 billion in Q4 — up nearly 15% year over year. IG Wealth Management had assets under advisement of nearly $159 billion, a roughly 13% year-over-year increase and record quarter-end high.

IGM achieved net inflows of $2.2 billion during the quarter, compared to $244 million one year ago.

“With record levels of client assets and earnings combined with $1 billion in unallocated capital and low debt levels, we enter 2026 focused on returning capital to our shareholders,” James O’Sullivan, president and CEO of IGM Financial Inc., said in a release. “In addition, our strategic position is strong with outstanding companies in the wealth management and asset management industries that will provide ongoing growth and diversification as we look ahead.”

The firm’s interest in Rockefeller Capital Management is currently $1.16 billion, reflecting a fourth-quarter recapitalization transaction that involved several investors. Transaction proceeds of $394.2 million consisted mostly of a return of capital and an equity sale.

“The company’s interest decreased to 17.2% due to the equity sale and adjustment to certain previously issued share-based awards which aligns Rockefeller’s management with long-term equity ownership,” the release said.

IGM remains Rockefeller’s second-largest shareholder.

The firm also announced that its investment in Wealthsimple Financial Corp. was valued at $2.3 billion at the end of the quarter, up from $2.2 billion in the prior quarter due to a $100-million investment.