IG Wealth Management Reviews

Pros

This is a very evolutionary company that is making the right changes at the right time. The amount of training, support and development for the Consultant role is second to absolutely no one in Canada.

Pros

Overall, this is a great place that fosters an entrepreneurial spirit. IG has been great in their education promotion, as well as making sure that the consultant feels valued. They have a benefits package, I opted out of through great west life, they have Share Ownership Plan, and a Participating Investment plan. No micro managing, as long as you are committed to education and obtaining your CFP designation, you will remain in good standing.

Advice to Management

Provide more practical business advice, rather than just a sales process.

Pros

great training and flexxible working hours

Pros

Flexible work environment, pick your own hours

Advice to Management

Modernize admin systems to current standards

Pros

Good training program, no commission ceiling, learn a lot about financial planning.

Pros

Great company will good training and lots of support.

Pros

The culture of financial planning, as opposed to product sales, allow advisors to build a superior advice based business, with compensation and resources in all areas, without referring to other depts. ie. ins done by one dept, lending another and just dealing with investment management - we can build it all and be properly compensated on it all.
The changes over the last couple of years are necessary to stay relevant. Mutual fund sales people who just talk about funds are obsolete........those who don't see this complain as the old way accommodated them.
Too many are unwilling to change and see that IG changes are necessary for the industry and coddling of advisors who simply sit and wait for clients to leave is not permitted at any firm.
We not have immense variety of investment solutions, insurance options, lending support and resources available for complex planning.
If you are willing to learn, continue to educate yourself and provide full spectrum financial planning, you will do extremely well. If you want to work part time and sell mutual funds, go elsewhere.

Advice to Management

Don't pander to lowest common denominator. Provide higher level, complex training.

Pros

good team, interesting project work

Pros

You are in control of your time. Respectable industry to work in. If you have a bit of luck, meet the right people, stay honest and WORK HARD to deserve them as clients; you will do very well! IG offers a sound structure to use, and products to recommend to clients which can make it easier for new consultants to do good for their clients, hence make a good reputation for themselves. Also, the company is making some positive changes to their business model that is benefiting clients. You also have direct access to all product line specialists. You get a coach "Division Director" that shows you how to do this work from a-z. IG bonuses you out A LOT in the first 4 years to help you built your practice... Also IG has no more DSC.

OVERALL SOLID STRUCTURE TO MAKE A CAREER w IG Wealth Management

Advice to Management

1 - IT, sooo bad in ALL aspects.
-The intranet (IGadvantage) is a mess - product info and forms needed to be used with clients can sometimes take 15 minutes just to find....
-Outlook has a 500mb max!!! we live in year 1995?? ... emails should be filed in outlook folders, never ever deleted... this is an easy one to fix as memory is cheap in 2018. upgrade the harddrives on our emails servers, its really not expensive to do...
- Pathway... a failed attempt to integrate all, just doesn't work... way to much input required, and time consuming... ask any consultant without an assistant how many hours in a day they spend in Pathway... you will be shocked. you already know this - money is not made on that computer screen. Time to let go of Pathway. Naviplan is great, not the pathway integration.
Our Overall IT structure desperately needs to be reassessed as it has definitely taken the wrong direction with the years.
2. There is some major inefficiency in our paperwork and workflow... ex look at the paperwork required to open a RESP (excluding grant forms): IG RESP nominee app w PAC = 9 pages including multiple side forms, Mackenzie financial RESP app w PAC = 2 pages total... Lets look at our competitors strength and replicate. specially w the new Mackenzie ownership.
3. HO keeps pushing changes and extra expenses to consultants.. HO needs to start listening to the consultants on what they need to be successful, not the other way around. A culture change is needed at HO and management as it seems HO has a "tone" that consultants work for them (in a way this is true because of the ownership of clients are at HO) but the reality of the structure is that consultants bring the money, right? So lets boost the existing consultants and be attractive for possible future consultants.

I apologize in advance for some negativeness, but i said it like it is. I hope it will be read and taken in consideration and maybe useful to bring positive changes for us in the future.

Pros

flexibility, accountablity, great training and mentorship