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Financial ● NEWS RELEASE Winnipeg - November 4 , 2021 : IGM Financial Inc. ( IGM or the Company ) ( TSX : IGM ) today announced earnings results for the third quarter of 2021 . 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 EARNINGS IGM HIGHLIGHTS Record high net earnings of $ 270.8 million or $ 1.13 per share up 42 % from the third quarter of 2020 and up 14 % from the second quarter of 2021. Net earnings were up 26 % from adjusted net earnings , excluding other items , ¹ of $ 214.2 million in 2020 . Record high net inflows of $ 1.9 billion , compared to net inflows of $ 408 million in the third quarter of 2020 . Record high third quarter investment fund net sales of $ 1.7 billion , compared to $ 610 million in the third quarter of 2020 . Record high quarter - end assets under management and advisement of $ 265.2 billion , up 1.2 % in the quarter and 35.0 % from September 30 , 2020 ( including $ 30.3 billion in net business acquisitions in 2020 ) . " We continue to see significant momentum across our businesses driving strong financial results for our shareholders , " said James O'Sullivan , President and Chief Executive Officer of IGM Financial Inc. " Our record high third quarter earnings result was driven by record high net flows , strong investment returns for our clients , and strong earnings contribution from our Strategic Investments . " - Net earnings available to common shareholders for the nine months ended September 30 , 2021 were $ 710.4 million or $ 2.97 per share compared to $ 535.3 million or $ 2.25 per share in 2020. Adjusted net earnings available to common shareholders , excluding other items , ¹ for the nine months ended September 30 , 2020 were $ 558.6 million or $ 2.34 per share . 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 . Page 1 Net earnings in the third quarter of 2021 was $ 146.8 million and represented 54.2 % of IGM's net earnings . This was an increase of 21.3 % compared to the third quarter of 2020 . Record high assets under advisement at September 30 , 2021 of $ 145.5 billion , an increase of 1.5 % from $ 143.3 billion at June 30 , 2021 and an increase of 16.4 % from $ 125.0 billion at September 30 , 2020 . IG Wealth Management Record quarter - end high assets under advisement at September 30 , 2021 of $ 114.0 billion , an increase of 1.6 % from $ 112.2 billion at June 30 , 2021 and an increase of 16.8 % from $ 97.5 billion at September 30 , 2020 . Financial IG WEALTH MANAGEMENT MACKENZIE Investments Investment Planning Counsel " FINANCIAL SOLUTIONS FOR LIFE