IGM FINANCIAL INC. ANNOUNCES AUGUST 2025 ASSETS UNDER MANAGEMENT & ADVISEMENT AND NET FLOWS

Executive Summary

• IGM Financial Inc. reported record-high total assets under management and advisement (AUM&A) of $292.6 billion as of August 31, 2025, representing a 12.4% increase from $260.4 billion at the same time in 2024.
• The company recorded total consolidated net inflows of $434 million for August 2025, a significant turnaround from the net outflows of $142 million experienced in August 2024.
• Both core business segments, IG Wealth Management and Mackenzie Investments, achieved record highs in their respective metrics, with IG Wealth Management reporting record gross inflows and Mackenzie Investments showing a strong recovery in net sales from redemptions.

Key Details

• Total AUM&A: Reached a record $292.6 billion at August 31, 2025, up from $287.9 billion in July 2025 and $260.4 billion in August 2024.
• Consolidated Net Flows: Total net inflows were $434 million in August 2025, compared to net outflows of $142 million in August 2024.
• IG Wealth Management (Wealth Management Segment):
  • Assets under advisement reached a record $151.0 billion (up from $148.4 billion in July 2025).
  • Total net inflows were $63 million (up from $0 in August 2024).
  • Gross inflows and gross sales each hit record highs of $1.2 billion.
  • Investment fund net sales were $153 million, compared to $31 million in August 2024.
• Mackenzie Investments (Asset Management Segment):
  • Assets under management reached a record $231.5 billion (up from $227.6 billion in July 2025).
  • Total net sales were $371 million, reversing from net redemptions of $142 million in August 2024.
  • Investment fund net sales were $19 million, compared to net redemptions of $92 million in August 2024.
  • Institutional SMA net sales were $351.7 million, including $445 million in previously announced awards from two institutional clients.
• Breakdown of Net Flows (August 2025):
  • IG Wealth Management: Net flows of $63.5 million, driven by $153.0 million in mutual fund net sales and $175.0 million in ETF net creations, offset by $(89.5) million in other net flows.
  • Mackenzie Investments: Net flows of $370.7 million, driven by $351.7 million in Institutional SMA net sales and $19.0 million in investment fund net sales, offset by $(156.0) million in mutual fund net sales.
• Average Assets (Quarter to Date 2025):
  • Total average assets under management and advisement were $288.4 billion.
  • Average assets under management were $271.1 billion.
  • Average assets under advisement were $148.9 billion.