Accelerating Toward an AI-enabled IGM

Research evidence excerpt

Accelerating Toward an AI-enabled IGM

Canada | Brokers, Asset Mgrs & Exchanges

IGM Financial EquityJuneResearch17, 2026

FLASH NOTEAccelerating Toward an AI-enabled IGM

We are pleased to see IGM lean further into its technology transformation RATING HOLD

by accelerating investments in AI capabilities which will be managed through PRICE C$83.41^

expense reallocation. While near-term cost efficiencies will not hit the bottom PRICE TARGET | % TO PT C$73.00 | -12%

line, we believe these investments will position IGM ahead of its competition on 52W HIGH-LOW C$84.23 - C$42.13

structural efficiency, scalability and product offering over time, supporting its FLOAT (%) | ADV MM (USD) 32.2% | 23.61

higher relative valuation but with limited near term impact. MARKET CAP C$19.5B | $13.9B

TICKER IGM CN

Summary. IGM Financial announced a multi-year initiative to simplify its operating model, reduce ^Prior trading day's closing price unless otherwise noted.

costs, and reinvest in artificial intelligence capabilities as part of its broader transition toward a

more technology-enabled wealth and asset management platform. The program builds on ongoing

modernization efforts and is intended to improve efficiency, strengthen execution, and create

capacity for future growth, while maintaining a human-first, relationship-driven advisory model.

Management emphasized that AI will augment, not replace, advisor-client interactions, with a focus

on enhancing outcomes, productivity, and the client experience.

Implications. The initiative includes organizational restructuring, workflow streamlining, and

targeted workforce actions, including both upskilling existing employees and hiring in key areas

such as AI, data engineering, and governance. IGM expects these actions to generate ~$70M in