CA - IGM Financial Inc. (IGIFF) Q1 2025 Earnings Call Transcript
2025-05-09 10:44:43 ET
IGM Financial Inc. (IGIFF)
Q1 2025 Earnings Conference Call
May 09, 2025, 8:00 AM ET
Company Participants
Kyle Martens - Treasurer and Head of Investor Relations
James O'Sullivan - President and Chief Executive Officer
Damon Murchison - President and Chief Executive Officer of IG Wealth Management
Luke Gould - President and Chief Executive Officer, Mackenzie Investments
Keith Potter - Executive Vice President and Chief Financial Officer
Conference Call Participants
Graham Ryding - TD Securities
Tom MacKinnon - BMO Capital
Jaeme Gloyn - National Bank Financial
Presentation
Operator
Thank you for standing by. This is the conference operator. Welcome to the IGM Financial First Quarter 2025 Analyst Call and Webcast. As a reminder, all participants are in a listen-only mode and the conference is being recorded. After the presentation, there will be an opportunity to ask questions. [Operator Instructions]
I would now like to turn the conference over to Kyle Martens, Head of Investor Relations. Please go ahead.
Kyle Martens
Thank you, Betsy. Good morning, everyone, and welcome to today's call. Joining me here we have James O'Sullivan, President and CEO of IGM Financial; Damon Murchison, President and CEO of IGM Wealth Management; Luke Gould, President and CEO of Mackenzie Investments; and Keith Potter, Executive Vice President and CFO, IGM Financial.
Before we get started, I would like to draw your attention to our cautions concerning forward-looking statements on slide three of the presentation. Slide four and five summarizes non-IFRS financial measures and other financial measures used in the material. And on slide six, we provide a list of documents that are available on our website related to IGM's Q1 results.
That will take us to slide nine and I'll turn it over to James.
James O'Sullivan
All right. Thank you, Kyle, and good morning, everyone.
I think we continue to demonstrate consistent growth during the first quarter, delivering adjusted earnings per share of $1, a first quarter record. Our core businesses, IG Wealth and Mackenzie also ended the quarter with record high client assets, while each of our strategic investments delivered double-digit year-over-year growth. Including strategic investments, our client assets grew by 19% year-over-year, surpassing for the first time $0.5 trillion at the end of the quarter....
IGM Financial Inc. (IGIFF) Q1 2025 Earnings Call Transcript