Winnipeg Free Press
Locally based financial services giant has stellar quarter, embraces continuing transformation
The mutual fund industry is coming off its best quarter ever… ever.
As one of the largest players in the field, Winnipeg-based IGM Financial Inc. has taken full advantage of that industry trend, generating a record-high net inflow of investments of $2.2 billion, record-high assets under management and advisement of $248.5 billion and a 25 per cent increase in earnings per share in the first quarter compared to the year before, in results released Friday.
Considering that across the country many of the things people might normally spend money on have become inaccessible, it might make sense that more are choosing to beef up their retirement savings, and in fact household savings has been one element of the economic affairs of the country that has benefited from the pandemic.
Fiona Collie
Canada’s wealth management fintech space, like a gangling teenager, has undergone a noticeable change in recent years.
Since the launch of robo-advisors in Canada more than five years ago, the fintech space has grown as companies have found their niches either in the B2B or B2C market and hired employees with skills and knowledge of the investment industry.
“I think the bench strength of these companies has improved,” said Rob Baldassare, senior advisor, fintech, with MaRS Discovery District in Toronto. He said fintechs have benefited from both organic growth and hiring employees with experience in financial services institutions.
Winnipeg Free Press
Conquest s financial planning software adopted by IG Wealth with Canada Life on deck
RUTH BONNEVILLE / WINNIPEG FREE PRESS
Mark Evans, head of Winnipeg financial planning software company Conquest Planning Inc. Conquest’s team has grown from 25 to 50 over the past year.
A month before the pandemic was official, Conquest Planning Inc. announced that it had raised $3 million from venture capital funds, including from the Power Corp.-backed Portag3 Ventures.
A month before the pandemic was official, Conquest Planning Inc. announced that it had raised $3 million from venture capital funds, including from the Power Corp.-backed Portag3 Ventures.
Canada Life partners with Conquest Planning, plans to roll out capability this summer newswire.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from newswire.ca Daily Mail and Mail on Sunday newspapers.