The insurance-born money manager already had global reach, retirement distribution, and deep private-market roots. Its next act is a practical lesson in filling capability gaps without pretending scale solves everything.
Brad Nathan’s first deal wiped him out. His second act was built on a less cinematic idea: buy sturdy companies from retiring owners, read the balance sheet, and keep the good parts intact.
IGM Financial spent a century turning face-to-face advice into a Canadian institution. Now it is cutting complexity, absorbing a C$95.3 million charge and recycling the savings into AI - a test of whether old trust and new software can compound together.