# IG Wealth Management IG Wealth Management is a Bank / Wealth / Trust based in Winnipeg, Canada. ## Overview - **Organization type:** Bank / Wealth / Trust - **Headquarters:** Winnipeg, Canada - **Region:** North America - **Address:** Winnipeg, Manitoba, Canada - **Founded:** 1926 - **Assets under management:** Undisclosed - **Website:** ig.ca - **LinkedIn:** linkedin.com/company/igwealthmanagement ## Regulatory record - **Reports private funds:** No ## About IG Wealth Management was founded in 1926 as Investors Syndicate by A.A. Griffiths, who designed the firm around face-to-face advice delivered through a network of door-to-door subscription salespeople. The model moved Canada's retail investors into pooled funds when investable product was scarce and self-directed brokerage did not exist. Today the firm operates as a wholly owned subsidiary of IGM Financial Inc., itself controlled by Power Corporation of Canada, a conglomerate with deep French-Canadian roots. The Desmarais family retains ultimate voting control through a multi-layered ownership structure that channels influence through Power Corporation and Great-West Lifeco. The firm channels client capital across Canadian equities, US and global equities, fixed income, balanced mandates, and managed portfolios. It does not routinely deploy into private markets or direct co-investments — the book is overwhelmingly long-only public market strategies with asset-allocation tilts driven by the IG Wealth Management Investment Committee. Portfolio managers at sister subsidiary Mackenzie Investments execute most mandates under sub-advisory agreements, creating a closed ecosystem where IG controls the client relationship and Mackenzie manufactures the product. The architecture limits leakage to third-party competitors and centralizes fee capture across the Power Corporation group. IG Wealth Management does not disclose total AUM separately from parent IGM Financial, which reported CAD 247.1 billion in total assets under management and advisement at year-end 2024. IG's share of that pool is not broken out. The advisor force — commonly cited above 3,000 licensed individuals — operates out of regional offices anchored in Winnipeg, Montreal, and Toronto. Adjacent vehicles are limited: IG Wealth Management does not run a philanthropic foundation, a club-deal platform, or a direct co-investment program. The firm's structural extension goes the other direction — IGM Financial's October 2023 strategy update reorganized leadership and tightened the alignment between IG Wealth Management, Mackenzie Investments, and the parent's digital platform ambitions, naming James O'Sullivan as CEO of the combined group. What distinguishes IG is the commercial incentive embedded in its advisory network. Consultants are employees of IG Wealth Management, not independent fiduciaries, and they face a concentrated product shelf — the majority of client assets flow into IG-branded and Mackenzie-managed funds. This vertical integration keeps clients inside the IGM Financial orbit across their lifetime, a model structurally different from Canadian bank-owned dealers that offer third-party funds and from independent firms that lack a captive manufacturing arm. ## Sectors - Wealth Management - Retirement Planning - Insurance ## People - James O'Sullivan — President and Chief Executive Officer ## Questions ### Who runs investment decisions at IG Wealth Management? The IG Wealth Management Investment Committee sets asset-allocation strategy and selects underlying mandates. Portfolio management is largely sub-advised by sister subsidiary Mackenzie Investments under contractual agreements that keep fund manufacturing within the Power Corporation group. James O'Sullivan, CEO since the October 2023 restructuring, oversees the combined IG and Mackenzie businesses. ### Is IG Wealth Management independent or tied to a bank? It is not owned by a bank. IG Wealth Management is a subsidiary of IGM Financial Inc., which is controlled by Power Corporation of Canada. This ownership structure has historically insulated IG from bank-affiliated distribution networks, although the Big Six Canadian banks dominate retail wealth management through their own dealer arms. ### Does IG Wealth Management invest in private equity or venture capital? No, not materially. IG's product shelf is built on public-market mutual funds, balanced portfolios, and insurance-linked solutions. There is no publicly disclosed direct private equity, venture capital, or co-investment program. ### Where does the Desmarais family's influence sit within IG? The Desmarais family does not manage IG day-to-day, but they exercise ultimate voting control through Power Corporation of Canada and Great-West Lifeco. This governance structure has remained intact across generations and shapes long-run capital-allocation decisions at the parent-company level. ### How does IG Wealth Management structure its relationship with Mackenzie Investments? Mackenzie Investments functions as the in-house asset manager for IG. Most IG-branded funds are sub-advised by Mackenzie under formal investment management agreements. The October 2023 reorganization placed both firms under a single CEO, further aligning distribution and manufacturing. ## Related profiles - [Idverde UK Limited Quadron Services Limited Pension & Life Assurance Scheme](https://altss.com/profile/idverde-uk-limited-quadron-services-limited-pension-life-assurance-scheme) - [IJ Group](https://altss.com/profile/ij-group) --- Last updated: 2026-06-03T20:00:00.000Z Canonical page: https://altss.com/profile/ig-wealth-management Maintained by Altss — https://altss.com — methodology: https://altss.com/methodology