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Operations at a Glance
Investors Group Inc. is one of Canada’s
premier mutual fund, managed asset and personal financial
services companies. With close to 2.6 million clients and
more than $74 billion in client assets under management and
administration, Investors Group Inc. holds a strong leadership
position in the financial services industry. The Company’s
two operating units, Investors Group and Mackenzie Financial
Corporation, offer their own distinctive products and services
through separate advice channels encompassing over 38,000
consultants and independent financial advisors. Investors
Group Inc. is a member of the Power Financial Corporation
group of companies, and its shares are listed on the Toronto
Stock Exchange (IGI).
2002 Highlights
- Net income available to common shareholders
increased by 26.7% to $491 million.
- Earnings per share increased by 18.5%
over 2001 to $1.85.
- Earnings before interest, taxes, depreciation
and amortization (EBITDA) totalled $1.15 billion for the
year, an increase of 10.2%.
- Over 80% of the $100 million in shareholder
and unitholder targeted synergies between Investors Group
and Mackenzie were achieved by year-end.
- Consolidated non-commission expenses
were reduced by 10.8% from 2001 pro forma levels.
- Combined mutual fund assets under management
were $68.4 billion at December 31, 2002, representing 17.5%
of total industry assets.
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