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IgM Financial NEWS RELEASE Readers are referred to the disclaimer regarding Forward - Looking Statements , Non - IFRS Financial Measures and Additional IFRS Measures at the end of this Release . IGM FINANCIAL INC . REPORTS RECORD HIGH FIRST QUARTER EARNINGS Winnipeg - May 6 , 2021 : IGM Financial Inc. ( IGM or the Company ) ( TSX : IGM ) today announced earnings results for the first quarter of 2021 . • • IGM HIGHLIGHTS Net earnings of $ 202.2 million or 85 cents per share compared to $ 160.9 million or 68 cents per share in the first quarter 2020. This represents a 25.0 % increase in earnings per share and is the highest first quarter result in the Company's history . Record high first quarter net inflows of $ 2.2 billion , compared to net inflows of $ 821 million in the first quarter of 2020 . Record high assets under management and advisement of $ 248.5 billion , up 3.6 % in the quarter and 47.6 % from March 31 , 2020 ( including $ 30.3 billion in net business acquisitions in 2020 ) . Wealthsimple Financial Corp. ( Wealthsimple ) announcement of a further equity fundraising increasing the value of IGM's investment in Wealthsimple by $ 900 million ( $ 3.78 per IGM share ) to $ 1.45 billion . " Record high client net inflows in the quarter and continued positive investment returns for our clients resulted in all time high assets under management and advisement , " said James O'Sullivan , President and Chief Executive Officer of IGM Financial Inc. “ Our first quarter earnings per share of 85 cents is the highest first quarter result in IGM's history and reflects strong momentum across our businesses . " WEALTH MANAGEMENT Reflects the activities of operating companies that are principally focused on providing financial planning and related services to Canadian households and includes the activities of IG Wealth Management and Investment Planning Counsel . Net earnings in the first quarter of 2021 was $ 114.8 million and represented 56.8 % of IGM's net earnings . This was an increase of 8.7 % compared to the first quarter of 2020 . Record high assets under advisement at March 31 , 2021 of $ 136.9 billion , an increase of 3.2 % from $ 132.6 billion at December 31 , 2020 and an increase of 24.2 % from $ 110.2 billion at March 31 , 2020 . IG Wealth Management Record high assets under advisement at March 31 , 2021 of $ 107.0 billion , an increase of 3.6 % from $ 103.3 billion at December 31 , 2020 and an increase of 24.7 % from $ 85.8 billion at March 31 , 2020 . Highest quarterly net client inflows in over two decades of $ 1.0 billion , an increase of $ 634 million from net client inflows of $ 381 million in the first quarter of 2020 . Record high quarter of gross client inflows of $ 3.6 billion , up 21.0 % from gross inflows of $ 3.0 billion in 2020 . Page | 1 ΙΩΜ IG WEALTH MACKENZIE MANAGEMENT Investments Investment Planning Counsel FINANCIAL SOLUTIONS FOR LIFE