Q2 2026 IGM Financial Inc Earnings Call Transcript

Jul 30, 2026 / 12:00 PM GMT

Release Date Price: €51.5 (-1.90%)

Transcript

Key Points

Positve

Adjusted EPS of $1.41 was up 32% year-over-year, driven by higher average AU&A and strong net flows.
IG Wealth Management delivered a record quarter with the eighth consecutive period of positive net flows and record new client inflows.
Mackenzie Investments reported its best second-quarter investment fund net sales in five years, with strong retail momentum.
Strategic investments, including Wealthsimple (AUA up 84% YoY) and Northleaf (20% CAGR), are diversifying growth and adding significant value.
The company returned a record $345 million to shareholders in Q2 through dividends and share repurchases while maintaining financial flexibility.

Negative

The advisory fee rate at IG Wealth decreased by 0.6 basis points due to client cash moving into long-term investments, with further modest declines expected.
Mackenzie's third-party fee rate, excluding Canada Life, decreased by 3.9 basis points due to institutional onboarding and fee changes, with continued pressure anticipated.
China AMC experienced net outflows of 145 billion won in Q2, driven by the national team's reduction of passive ETF holdings, masking underlying positive flows.
The company recorded a restructuring charge in Q2 related to simplifying operations and reinvesting in AI, impacting reported earnings.
Rockefeller's organic growth decelerated in Q2 due to seasonal factors, though inorganic advisor team additions continued.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

IGM.TO - IGM Financial Inc
Q2 2026 IGM Financial Inc Earnings Call
Jul 30, 2026 / 12:00PM GMT

=====================
Presentation
--------------------------------------------------------------------------------
Unidentified_1 [1]
--------------------------------------------------------------------------------
Thank you for standing by. This is a conference operator. Welcome to the IGM Financial Second Quarter 2026 Analyst Call and Webcast. As a reminder, all participants are in listen-only mode and the conference is being recorded.

After the presentation, there will be an opportunity to ask questions. To join the question queue, you may press star then one on your telephone keypad. You'll hear a tone acknowledging your request. Should you need assistance during the conference call, you may reach an operator by pressing star then zero.

I would now like to turn the conference over to Kyle Martins, Senior Vice President, Corporate Development and Investor Relations. Please go ahead.

---------------------------------------

Already have an account? Log in

Get the full story

Subscribe Now

	Access to All Earning Calls and Stock Analysis
	30-Year Financial on one screen
	All-in-one Stock Screener with unlimited filters
	Customizable Stock Dashboard
	Real Time Insider Trading Transactions
	8,000+ Institutional investors’ 13F holdings
	Powerful Excel Add-in and Google sheets Add-on
	All data downloadable
	Quick customer support
	And much more...

7-Day Free Trial · Cancel Anytime

Subscription fee may be tax deductible.

Excellent

4.6 out of 5

Trustpilot

Research Tools

All-In-One Screener Stock Ideas Stock List Guru List Guru Real-Time Picks Insider List Insider Trades Economic Indicators Sector & Industry Performance DCF Calculator Calculators Discussion Board

Product

Pricing Plans Excel Add-In Google Sheets Add-on Data API Stock Comparison Table Manual of Stocks Instant Alerts Mobile App Newsletters Signup 中文

Education

Financial Glossary Tutorials FAQ Buffett Indicator Shiller P/E Yield Curve Today U.S. Inflation Rate Global Market Valuation Fed Net Liquidity Buffett Assets Allocation

Company

About GuruFocus Career Contact Us Advertise Term of Use Privacy Policy Referral Program Partner Program

Survey

We'd love to learn more about your experiences on GuruFocus.com and how we can improve!

Take Survey

Disclaimers

GuruFocus.com is not operated by a broker or a dealer. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The individuals or entities selected as "gurus" may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. Gurus may be added or dropped from the GuruFocus site at any time. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Stock quotes are provided by QuoteMedia, Inc. (CSI). Company fundamental data is provided by Morningstar. Analyst estimates data is sourced from both Refinitiv and Morningstar, with priority given to Refinitiv data. Data is updated daily.