Goldman expands in Canada via asset management deal with IG

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Photo by Michael Nagle/BloombergThe money management arm of Goldman Sachs Group Inc. is pursuing further expansion in Canada through a new advisory deal with IG Wealth Management.THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLYSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.SUBSCRIBE TO UNLOCK MORE ARTICLESSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.REGISTER / SIGN IN TO UNLOCK MORE ARTICLESCreate an account or sign in to continue with your reading experience.Access articles from across Canada with one account.Share your thoughts and join the conversation in the comments.Enjoy additional articles per month.Get email updates from your favourite authors.THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one accountShare your thoughts and join the conversation in the commentsEnjoy additional articles per monthGet email updates from your favourite authorsSign In or Create an AccountGoldman Sachs Asset Management’s multi-asset solutions team will help manage five IG Wealth portfolios. The products are designed for retail investors seeking a globally diversified approach, the firms said in a news release Tuesday.IG Wealth, a division of Winnipeg-based IGM Financial Inc., has about $178 billion of assets under advisement. Goldman is bringing “world-class institutional investment capabilities” to the portfolios, which include income, balanced and growth equity products, according to Florence Narine, head of investment solutions at IG Wealth.Breaking business news, incisive views, must-reads and market signals. Weekdays by 9 a.m.By signing up you consent to receive the above newsletter from Postmedia Network Inc.A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of Posthaste will soon be in your inbox.We encountered an issue signing you up. Please try againGSAM has been sub-advising National Bank of Canada’s investment division since 2015 and expanded has grown its Canadian business by working with other firms, including Bank of Montreal’s asset management branch and Wellington-Altus Private Wealth Inc.The global firm has also made a bigger push into outsourced chief investment officer services in Canada by winning a deal to manage Bombardier Inc.’s pension plan assets in 2022. Since then, Goldman has also added the Canadian pension assets of United Parcel Service Inc. and Shell PLC, among others.We apologize, but this video has failed to load.This advertisement has not loaded yet.Notice for the Postmedia NetworkThis website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. Read more about cookies here. By continuing to use our site, you agree to our Terms of Use and Privacy Policy.