# IGM Financial

IGM Financial is an Asset Manager based in Winnipeg, Canada.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** Winnipeg, Canada
- **Region:** North America
- **Address:** Winnipeg, Manitoba, Canada
- **Founded:** 1978
- **Assets under management:** Undisclosed
- **Website:** igmfinancial.com
- **LinkedIn:** https://www.linkedin.com/company/igm-financial-services-inc

## Regulatory record

- **Reports private funds:** No

## About

IGM Financial is a company founded in 1978 in Winnipeg, Canada. It manages and distributes investment funds and other managed asset products. The company offers financial planning services, including retirement, estate, and tax planning, as well as mutual funds and other investment products.

## Sectors

- Generalist

## Offices

- Toronto, Ontario, Canada

## People

- James O'Sullivan — President and Chief Executive Officer
- Keith Potter — Executive Vice President, Finance and Chief Financial Officer

## Questions

### What is the relationship between IGM Financial and Power Corporation?

Power Corporation of Canada is the controlling shareholder of IGM Financial, holding approximately 61% of the voting rights. Power Corporation uses IGM as its primary vehicle for sponsoring, distributing, and manufacturing retail investment products in Canada. This ownership structure links IGM Financial to other Power Corp holdings including Great-West Lifeco and, indirectly, Putnam Investments, creating an integrated financial services ecosystem.

### Who makes the final investment decisions at Mackenzie Investments?

Mackenzie Investments, the manufacturing subsidiary of IGM, operates with its own investment leadership and portfolio management teams. While the firm does not publicly name a single centralized CIO with all-decision authority, each strategy is managed by named portfolio managers. Ultimate business oversight rests with IGM Financial CEO James O'Sullivan and the board, but day-to-day investment decisions are delegated to Mackenzie's specialized asset-class teams.

### How does IGM Financial's distribution model work?

IGM Financial separates product manufacturing from distribution across its two main subsidiaries. IG Wealth Management operates a network of approximately 3,000 financial advisors who distribute both proprietary IG funds and third-party products to retail clients. Mackenzie Investments produces its own mutual funds and ETFs but distributes them primarily through external dealers and institutions, giving IGM a multi-channel reach that covers both captive and open-architecture streams.

### What does IGM's investment in Rockefeller Capital Management represent?

IGM acquired a 20.5% stake in Rockefeller Capital Management, the U.S.-based ultra-high-net-worth advisory and asset management firm, for approximately $622 million in April 2024. The transaction gives IGM a meaningful foothold in the American wealth management market and aligns with the firm's stated strategy of diversifying its distribution footprint beyond Canada. The deal follows similar strategic moves by Canadian financial groups seeking exposure to faster-growing U.S. wealth channels.

### Where does the controlling wealth of IGM Financial originate?

The controlling Desmarais family fortune originated from the consolidation of Canadian bus lines and evolved into Power Corporation, a diversified financial services holding company. The family used Power Corp as the vehicle to acquire and build out life insurance, asset management, and media properties throughout the 20th century. IGM Financial represents the retail mutual-fund leg of that conglomerate, built primarily through the legacy Investors Group platform.

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Last updated: 2026-06-03T20:00:00.000Z

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