IGM FINANCIAL (IGM) Stocks
ABOUT IGM FINANCIAL
IGM Financial, Inc. is one of Canada’s leading diversified wealth and asset management companies and its network of advisors offer a variety of personal financial and investment planning services to help more than two million Canadians meet their financial goals. It is a publicly traded subsidiary of Power Corporation of Canada. The company was incorporated in 1978 and has its headquarters in Winnipeg.
The company’s activities are carried out principally through IG Wealth Management, Mackenzie Investments and Investment Planning Counsel, which was founded in 1926 as Investors Syndicate, later acquired by Power Financial Corporation, the financial services arm of Power Corporation.
In 1986 it changed its name to Investors Group and merged with Mackenzie to form IGM Financial Inc.
OVERVIEW OF IGM FINANCIAL
IGM Financial Inc. has more than 3 300 full time employees that provide financial planning such as retirement, estate, tax planning, mutual funds and a range of other investment products and financial services.
The company operates through Investors Group, Mackenzie Investments and Corporate and Other segments. They provide mutual funds, guaranteed investment certificates, insurance products and mortgage loans throughout Canada.
The company also offers financial planning services, estate planning, strategic investment planning tools, mutual funds, a portfolio management programme and separately managed accounts and fee-based brokerage accounts.
VISION & VALUES OF IGM FINANCIAL
- IGM Financial Inc. is committed to improving the financial well-being of Canadians. Its clients are at the center of everything it does, and the company strives to earn their trust every day.
- It is actively engaged in helping to shape the future of the financial services industry in Canada and ensuring clients’ interests are being represented.
- They focus on five goals that are aligned with their business – the eradication of poverty, climate action, gender equality, strong institutions and community partnerships.
- They are committed to increasing the financial literacy of Canadians and promotes it with a sponsorship and community engagement platform launched in 2018.
- IGM Financial Inc. adheres to its value chain to ensure the organisation reaches its goals set to meet the current and future needs of customers and maximises returns, income growth and capital appreciation for shareholders who purchase shares with them.
MARKET PERFORMANCE OF IGM FINANCIAL
IGM Financial Inc.’s shares are traded on the Toronto Stock Exchange (TSX) under the stock symbol IGM listed in the Financial sector.
Highlights of the company’s recent performance in 2019 include net earnings of US Dollar 202.5 million or 85 cents per share compared to US Dollar 198.2 million or 82 cents per share in the third quarter of 2018. Adjusted net earnings were US Dollar 202.5 million or 85 cents per share compared to adjusted net earnings, excluding other items, of US Dollar 222.7 million or 92 cents per share in the third quarter 2018.
Record high quarter end assets under management at September 30, 2019 were US Dollar 162.5 billion, an increase of 1.8% from the prior year driven by favourable investment returns.
Due to IGM Financial Inc.’s continued performance on this market shareholders can buy or sell shares with confidence and expect sound dividends and returns in 2019 and further.
Buy IGM FINANCIAL stocks / shares – A Step by Step Guide how to Buy / Purchase IGM FINANCIAL Stocks or Shares online.
Before buying any stock or share one has to consider a few factors.
STEP 1: PROPER RESEARCH IS ESSENTIAL
Upon deciding you want to buy IGM FINANCIAL Stocks / Shares, it is critical for the serious investor to do proper research into the said company. Its values should align with those of the investor’s current portfolio. An investor needs to familiarise himself with the basics and history of the company, as well as its leadership and performance in the market. Its company reports should also be scrutinized.
Consultation with a brokerage firm can also assist in determining whether investing in a specific company will complement the investor’s current portfolio. The investment “risk ladder”, which identifies asset classes based on their relative riskiness, is another useful tool when determining which company’s stock / share is the best to buy.
STEP 2: CALCULATE THE AMOUNT OF INVESTMENT IN IGM FINANCIAL STOCKS / SHARES
It is important for an investor to monitor his total investment in stock in order to keep his portfolio aligned to his investment strategy. The overall value of his holdings will change with the fluctuation in stock prices, which can throw his portfolio off balance. To determine the amount to invest, multiply the number of shares of each stock by its current market price to determine the total investment in that specific stock. For example, if you own 100 shares of a US Dollar 5 stock, multiply 100 by US Dollar 5 to get US Dollar 500.
STEP 3: DECIDE ON THE STOCK / SHARE ORDER TYPE
Investors can choose from a market order, a limit order, a stop order (also referred to as a stop-loss order) or a buy/sell stop order. It is important to familiarise yourself with each type’s pros and cons before deciding which one will suit your current stock profile best. An investor should be guided in this choice by his investment objective.
STEP 4: OPEN A BROKERAGE ACCOUNT
A brokerage account – also known as taxable investment account – is similar to a retirement account, but more flexible. Where a retirement account has limitations on the amount of money that can be contributed annually, and restrictions on when funds can be withdrawn, a brokerage account is more flexible. The latter has no income or contribution limit and the investor can withdraw his money at any given time. This flexibility, together with its potential investment gains, makes a brokerage account more attractive to serious investors. Brokerage accounts are ideal for goals or savings that are further than five years away, but closer than retirement. It can also supplement an investor’s emergency savings.
STEP 5: COMMIT AND PURCHASE IGM FINANCIAL STOCKS / SHARES
Lastly, commit to the stock. Pro Tip: Monitor the value of your stock to ensure you have a growing stock value and dividend pay-out. Regularly check the share price online to ensure your investment delivers a positive return on investment. You are now a proud owner of IGM FINANCIAL stocks / shares.
5 Questions to ask yourself before purchasing any stocks or shares.
- Is it the best time to buy this stock / share?
- Should I buy IGM FINANCIAL stocks / shares in the current economic climate?
- Can I afford to buy this stock / share?
- What is the forecast of the stock / share growth?
- What is the current price per earning ration on the stock / share?