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How Record-High CA$311 Billion AUM and Strong Net Inflows Could Impact IGM Financial (TSX:IGM) Investors

Simply Wall St · 2d ago
  • In November 2025, IGM Financial Inc. reported that its total assets under management and advisement reached a record CA$311.10 billion, up 13.8% year over year, supported by CA$753.00 million of consolidated net inflows across IG Wealth Management and Mackenzie Investments.
  • This record asset base, with both the Wealth Management and Asset Management segments hitting new highs, underscores how broad-based client inflows are reinforcing IGM Financial’s core fee-generating engine.
  • We’ll now examine how record-high assets under management and robust November net inflows affect IGM Financial’s existing investment narrative.

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IGM Financial Investment Narrative Recap

To own IGM Financial, you need to believe that growing, diversified client assets can support resilient fee income and earnings, even if growth is modest. The record CA$311.10 billion in assets and November’s CA$753.00 million net inflows reinforce this core thesis in the near term, although they do not remove the key risk that slower earnings growth versus the broader Canadian market could limit upside if markets or flows soften.

The most relevant recent announcement here is IGM’s Q3 2025 result, which showed higher revenue and earnings versus the prior year, supported by a larger asset base. When you put those improving financials alongside record AUM and broad-based inflows, the short term story hinges on whether IGM can keep translating asset growth into profit growth while managing costs and defending its fee pool.

Yet investors should also be aware that slower expected earnings growth versus the Canadian market could become more important if...

Read the full narrative on IGM Financial (it's free!)

IGM Financial's narrative projects CA$3.9 billion revenue and CA$964.0 million earnings by 2028. This requires a 0.9% yearly revenue decline and about a CA$10 million earnings decrease from CA$974.4 million today.

Uncover how IGM Financial's forecasts yield a CA$61.75 fair value, a 7% upside to its current price.

Exploring Other Perspectives

TSX:IGM Community Fair Values as at Dec 2025
TSX:IGM Community Fair Values as at Dec 2025

Five fair value estimates from the Simply Wall St Community span roughly CA$33.49 to about CA$90.06, showing how far apart individual views can be. You can set those against IGM’s recent record AUM and solid earnings trend, and then decide how that mix of potential and risk might fit with your own expectations for the business.

Explore 5 other fair value estimates on IGM Financial - why the stock might be worth 42% less than the current price!

Build Your Own IGM Financial Narrative

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.