IGM Financial: Is Canada’s Quiet Wealth Machine Fairly Priced?Read More »
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IGM Financial: Is Canada’s Quiet Wealth Machine Fairly Priced?
Views: 125 2026-06-18 IGM Financial Inc. is Canada’s leading independent wealth and asset management company. Its two principal businesses are IG Wealth Management, which serves retail investors through a proprietary advisor network, and Mackenzie Investments, which distributes through third-party dealers. It also holds strategic stakes in Wealthsimple, ChinaAMC, Northleaf Capital, and Rockefeller Capital Management. Fee revenue is largely recurring, tied to assets under management and advisement (AUM/A), which stood at roughly CAD $310 billion at year-end 2025. DCF intrinsic value: CAD $91 per share. Inputs: FY2025 free cash flow of $985M, 5% FCF growth for 10 years, 3% terminal growth …
