July 21, 2018 - POW
New! Power Corporation of Canada Q1-2018 Earnings and Price Target .....
July 19, 2018 - GWO
New! Great-West Lifeco Inc. Q1-2018 Earnings & Price Target .....
July 18, 2018 - SLF
Sun Life Financial Inc. Q1-2018 Earings & Price Target .....
July 17, 2018 - MFC
Manulife Financial Corp. Q1-2018 Earnings Update .....
July 15, 2018 - MRG.UN
Morguard North American Residential REIT. Q1-2018 Earnings Update .....
July 14, 2018 - MRT.UN
Morguard REIT Q1-2018 Earnings Update .....
July 13, 2018 - AGF.B
AGF Management Ltd - Q2-2018 Earnings & Price Target Update .....
July 11, 2018 - CIX
CI Financial Inc. Q1-2018 Earnings & Price Target .....
Recommendation Changes
T, ACR.UN, CUF.UN, BLX, EMA, more...

IGM Financial Inc. Q1-2018 Earnings & Price Target

This is only a sample of the article, please login to view the entire article

IGM Financial Inc. (TSX:IGM) is one of Canada's largest financial services companies operating in three segments, Investors Group Inc., Mackenzie Financial Corporation, and the Investment Planning Counsel Inc. Investors Group contribute 65% of revenues, Mackenzie – 30% and Investment Planning Counsel at 5%.

Investors Group, founded in 1926, with over 4,100 representatives has $88B in mutual funds under management. In addition to an exclusive selection of mutual funds, they offer insurance, securities, and mortgage products. Mackenzie Investments founded in 1967, with $64.6B in assets, is an investment management firm providing mutual funds and ETF products. Investment Planning Counsel, founded in 1996, is an independent distributor of financial products, services and advice in Canada. Investment Planning Counsel is a financial planning organization in Canada, with 790 financial advisors and $27.6B in client assets under administration, which includes $5.4B in assets under management.

Power Corp. with $445B in assets is a diversified international management and holding company that holds interests in companies that are active in the financial services, sustainable and renewable energy, asset management, communications and other business sectors in North America, Europe and Asia. Power Corp. (POW) owns 65.5% of Power Financial Corp.(PWF). Power Financial in turn owns 67.7% of Great-West Life(GWO) and 61.5% of IGM Financial Inc. (IGM). IGM Financial owns 100% of Investors Group Inc. and Mackenzie Financial Corp. and 96.9% of Investment Planning Counsel. The investments in Wealthsimple and Portag3 are held jointly with Great-West Life. IGM contributes about 20% of Power Corps. annual earnings.

You must be a member to view the entire article, please subscribe or login

New Issues & Acquisition
July 20, 2018
New! Coverage Universe - Weekly Price Changes July 13-20, 2018
July 13, 2018
Coverage Universe - Weekly Price Changes July 6-13, 2018
July 9, 2018
Atrium Mortgage Investment Corp. 5.5% Convertible Debentures New Issue
July 6, 2018
Coverage Universe - Weekly Price Changes June 29-July 6, 2018
June 29, 2018
Coverage Universe - Weekly Price Changes June 22-29, 2018
June 23, 2018
Coverage Universe - Weekly Price Changes June 15-22, 2018
June 15, 2018
Coverage Universe - Weekly Price Changes June 8-15, 2018
June 13, 2018
Firm Capital Mortgage Investment Trust - New Convertible Debenture