Investors Group (now IG Wealth Management)

Office address:  447 Portage Ave, Winnipeg, MB R3B 3H5
Year established: 1926
Company type: wealth management
Employees: 3,300
Expertise: financial services
Parent company: IGM Financial
CEO and key people: Damon Murchison, President and CEO
Financing status: corporation

IG Wealth Management is one of the largest independent wealth management firms in Canada, with more than $110.8 billion in assets under advisement as of December 2022.

The company was founded in 1926 and has a long history of providing financial advice and services to individuals and businesses. IG Wealth Management offers a wide range of products and services, including investment advice, portfolio management, retirement planning, and estate planning.

IG Wealth Management’s mandate is to become Canada’s financial partner of choice.

History of IG Wealth Management

IG Wealth Management was established in 1926 as Investors Group.

The company has achieved significant milestones over the years, starting with introducing the concept of dollar cost averaging in 1955. Then, in 2002, Investors Group launched Canada’s largest tax-advantaged fund structure, Investors Group Corporate Class Inc. And in 2007, the company set a Guiness World Record for collecting 176 tonnes of food for local food banks throughout Canada.

In 2018, Investors Group rebranded to IG Wealth Management. It is now known worldwide by this name.

Products and Services of IG Wealth Management

IG Wealth Management offers a wide range of products and services, including:

  • Investment advice
  • Portfolio management
  • Retirement planning
  • Estate planning
  • Mutual funds
  • Tax planning

The company focuses on high net worth and mass affluent clients.

Culture at IG Wealth Management

IG Wealth Management’s overarching goal is to inspire financial confidence among Canadians. This is the driving force behind its flagship program, Empower Your Tomorrow. Through this program, IG Wealth Management aims to equip Canadians with the tools and resources they need to define their financial future.

Part of these tools and resources include investing in learning and development for IG Wealth Management’s employees. The company also supports an exclusive network of over 3,000 expert advisors across Canada.

Under the IG Wealth Management’s Empower Your Tomorrow Indigenous Commitment, the company has pledged $5 million over the next few years to fund initiatives that support Indigenous communities across Canada.

About IG Wealth Management President and CEO Damon Murchison

Damon Murchison was appointed President and CEO of IG Wealth Management in 2020. Before that, he was with Mackenzie Investments, a subsidiary of IG Wealth Investment’s parent company, IGM Financial.

Murchison has over 25 years’ experience in wealth management, having taken on leadership roles in organizations such as Fidelity Investments and Manulife Financial.

Murchison holds a Bachelor of Arts degree in Economics from Western University and an MBA from the Ivey Business School.

Future at IG Wealth Management

In a 2021 interview, President and CEO Damon Murchison shared what the future would look like for IG Wealth Management. He mentioned five priority areas:

  • tax planning
  • retirement planning
  • estate planning and generational wealth transfer
  • SRI/ESG initiatives
  • community and well-being

He described the last two points as strong focal areas for the company. IG Wealth Management will support clients with pivoting towards the green economy. The company has a role to play too, ensuring transparency and a stronger DEI agenda.

All this goes back to the company’s goal of inspiring financial confidence among Canadians. To paraphrase Murchison, if the company always has the clients’ best interest in mind, they can’t go wrong. This client-centric mindset could only spell continued success for IG Wealth Management.