IGM Financial Inc.

Thank you for standing by. This is the conference operator. Welcome to the IGM Financial Third Quarter 2024 Analyst Call and Webcast. As a reminder, all participants are in a listen-only mode and the conference is being recorded. After the presentation, there will be an opportunity to ask questions. To join the question queue, you may press star then one on your telephone keypad. Should you need assistance during the conference call, You may signal an operator by pressing star then zero. I would now like to turn the conference over to Kyle Martin, Treasurer and Head of Investor Relations. Please go ahead.

Thank you, Betsy, and good morning, everyone, and thank you for joining us for our third quarter earnings call. Joining me on the call today, we have James O'Sullivan, President and CEO of IGM Financial, Damon Murchison, President and CEO of IG Wealth Management, Luke Gould, President and CEO of McKinsey Investments, and Keith Potter, Executive Vice President and CFO of IGIM Financial. Before we get started, I would like to draw your attention to our cautions concerning forward-looking statements on slide three of the presentation. Slides four and five summarize the non-IFRS financial measures and other financial measures used in this material. And on slide six, we provide a list of documents that are available on our website related to our third quarter results.

I'll now turn it over to James. Thank you, Kyle, and good morning, everyone. Turning to slide nine, we continue to execute on our growth strategy across IGM, and we demonstrated great progress during the third quarter. Adjusted earnings per share for the quarter were $1.03, up 12% year over year, and our second best adjusted Q3 EPS on record. Total client assets, including our proportionate share of strategic investments, increased 23% year-over-year to $462 billion at the end of September, with each of the companies achieving all-time record high asset levels. Wealth managers IG Wealth, Wealthsimple, and Rockefeller continue to execute on their strategies to deliver their client value promise acquiring new client relationships and driving scale through asset expansion. Specifically on IG Wealth, I am particularly pleased with the growing evidence that they have successfully pivoted to delivering financial planning and investment management services to high net worth Canadians. Many years of investment are now clearly bearing fruit. Asset managers McKinsey, China AMC, and Norclis continue to drive strong asset growth, leveraging their competitive advantages to deliver relevant investment solutions to retail and institutional clients in Canada and across the globe. Damon and Luke will speak on these points in a moment, while Keith will also speak to how Wealthsimple's ongoing success drove an increase in the fair value of our ownership position in the company. We continue to invest to drive further growth while returning $160 million of capital to our shareholders through our attractive dividend and our share buyback program, which continues to be active. Turning to the current operating environment for our businesses, starting with recent financial market conditions on slide 10, both equity and fixed income markets continued to reflect and support improvements in investor sentiment. Our clients achieved investment returns of over 5% during the quarter. On an LTM basis, our clients experienced an average return of over 20%. This is an important point that emphasizes the value of long-term client relationships centered around financial planning and advice, especially considering the uncertainty that clients faced over that period. Continuing on slide 11, the operating environment in Canada continued to improve during the quarter with positive long-term mutual fund net sales overall. With improving investor sentiment, lower inflation, and moderating interest rates, the macro industry backdrop is likely on the cusp of becoming a tailwind for our Canadian retail-focused businesses after what has been a challenging two-year period. We continue to expect gradual improvement to persist over the coming quarters, provided financial markets remain steady and interest rate cuts continue to alleviate some of the pressure felt by Canadian households over the past two years. On slide 12, you'll see how our year-over-year earnings growth was driven by both the wealth management and asset management segments of 10% and 16% respectively. I want to pause on slide 13 to emphasize the strong double-digit plus asset growth across each of our businesses, which together drove the 23% increase at the consolidated IGM level. Each of our wealth and asset management businesses are executing well and driving growth within their unique industry context, and the horizontal connectivity across these businesses continues to unlock new learnings and opportunities to add value for our clients and other stakeholders. With that, I'll turn the call over to Damon, who will speak to the performance in our Wealth Management segment. Damon.