IG Private Wealth Management

What IG Private Wealth Management does

IG Private Wealth Management, operating as Dumitru Flanagan & Associates Private Wealth Management, is a Victoria, British Columbia-based financial advisory practice serving affluent Canadian individuals and families. The practice operates within the IG Wealth Management Inc. advisor network, a subsidiary of IGM Financial (TSX: IGM), and is led by advisors Amanda Dumitru and Kate Flanagan with an 18-person staff. It delivers integrated wealth management across ten service lines: retirement planning, tax planning, investment planning, estate planning, insurance planning, business succession planning, cash management, charitable giving, wealth transfer, and post-secondary education planning.

The business model combines advisory and planning fees, AUM-based management fees, product commissions on mutual funds and insurance products distributed through IG Wealth Management Inc. and I.G. Insurance Services Inc., and mortgage referral fees from nesto inc. and Investors Group Trust Co. Ltd. Distribution is high-touch and consultative: scheduled in-person consultations at the Victoria office, Microsoft Teams meetings, and home visits for out-of-town clients. Acquisition is driven primarily by referrals, organic search, and existing client relationships rather than paid marketing. The firm holds no proprietary technology platform; all products and services are distributed through the IG Wealth Management regulatory and product infrastructure, which provides CIRO and CIPF regulatory coverage.

The target market spans three primary personas — pre-retirees and retirees, affluent Canadian women (particularly those navigating divorce or other life transitions), and business owners and entrepreneurs — alongside secondary segments of healthcare professionals, executives, accountants, lawyers, and families. Geographic focus is British Columbia, with home-visit servicing extending reach beyond the immediate Victoria area. Amanda Dumitru's MFA-P (Master Financial Advisor — Philanthropy) designation underwrites a differentiated charitable-giving specialization. Revenue, headcount growth metrics, AUM levels, and financial performance are not publicly disclosed, and there are no indications of AI/ML capability or proprietary technology investment.

Name

IG Private Wealth Management

Legal name

Dumitru Flanagan & Associates Private Wealth Management

Website

https://flanaganandassociates.ca

Company type

Private

Operating status

Operating

Headcount range

11–50 employees

Short description

IG Private Wealth Management is a Victoria, BC-based financial advisory practice operating within the IG Wealth Management Inc. network, providing integrated wealth management across ten planning disciplines to affluent Canadian women, business owners, and retirees.

Ownership category

akta.pro rank

Product category

Private Wealth Management

NAICS

Portfolio Management and Investment Advice (523940)

SIC

Investment Advice (6282)

akta.pro primary industry

Financial Planning & Goals-Based Advice (Mass Affluent) (FSAAAAAF)

akta.pro secondary industries

Retirement & Pension Wealth (401(k)/IRA/SIPP/Superannuation Retail) (FSAAAAAJ), Private Wealth Planning (Tax, Estate & Succession) (FSAAABAE), Private Banking Business Owners & Entrepreneur Solutions (Liquidity Events, Pre-IPO) (FSABADAK), Investor Education, Research & Portfolio Analytics Services (Retail) (FSAAAAAO)

Keywords

• Private wealth management
• Financial planning services
• Retirement planning
• Investment advisory
• Estate planning

Headquarters

HQ city

Victoria

HQ country

Canada

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Advisory/Planning Fees: Fees charged for comprehensive financial planning services including retirement planning, tax planning, investment planning, estate planning, and insurance planning.
2. AUM-Based Management Fees: Ongoing wealth management fees based on assets under management through the IG Wealth Management platform.
3. Product Commissions: Commissions earned on sale of mutual funds, insurance products, and other investment products offered through IG Wealth Management Inc. and I.G. Insurance Services Inc.
4. Mortgage Arrangement Fees: Referral fees from mortgage arrangements through nesto inc. and Investors Group Trust Co. Ltd.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels5 records

Core offering

Dumitru Flanagan & Associates Private Wealth Management delivers comprehensive, integrated financial planning and wealth management advisory services to affluent Canadian individuals and families. The offering bundles ten specialized planning areas — retirement, tax, investment, estate, insurance, business succession, cash management, charitable giving, wealth transfer, and post-secondary education planning — into a single coordinated strategy, distributed through the IG Wealth Management Inc. platform in Victoria, BC.

Product overview

Dumitru Flanagan & Associates Private Wealth Management is a financial advisory firm providing integrated wealth management services. Their offering is structured as a unified advisory service that combines multiple specialized financial planning areas into one cohesive strategy. The core services include Retirement Planning, Tax Planning, Investment Planning, Estate Planning, Insurance Planning, Business Succession Planning, Cash Management, Charitable Giving, Wealth Transfer, and Post-Secondary Education Planning. Tax efficiency is described as built into every financial decision rather than being an afterthought, with services offered through IG Wealth Management Inc.

Differentiator

Problem solved

Functional benefit

Products and services

• Retirement Planning Tax-efficient income stream creation, pension optimization, and structured investment withdrawals for affluent pre-retirees and retirees, designed to help clients avoid outliving their wealth.
• Tax Planning Income-splitting, corporate tax structuring, and investment tax efficiency strategies to minimize client tax burdens across personal and corporate entities.
• Investment Planning Investment strategies balancing growth, risk management, and tax efficiency for long-term wealth positioning, delivered through IG Wealth Management's mutual fund and investment dealer platform.
• Estate Planning Estate plans that minimize tax burdens, simplify probate, and ensure wealth transfer to beneficiaries and causes clients care about.
• Insurance Planning Integration of life, disability, and critical illness insurance into broader financial plans to protect families, businesses, and estates from unexpected financial shocks.
• Business Succession Planning Tax-efficient exit strategies, shareholder agreements, and financial continuity plans for business owners transitioning ownership of their companies.
• Cash Management Liquidity optimization and cash flow strategy for high-income earners and business owners, ensuring every dollar is working at its highest potential.
• Charitable Giving Strategic philanthropy guidance including legacy gifts, tax-efficient donations, donor advised funds, and charitable foundations, supported by the lead advisor's Master Financial Advisor – Philanthropy (MFA-P™) designation.
• Wealth Transfer Intergenerational wealth transition planning including trust structuring, estate tax minimization, and preparing heirs for financial responsibility.
• Post-Secondary Education Planning Education savings strategies maximizing government grants (e.g., RESP optimization), reducing tax burdens, and integrating with broader financial plans.

Named customers4 records

Segments8 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Four partnerships are on record, tiered core and minor.

• IG Wealth Management Inc.coreChannel Partner/ Reseller/ DistributorAs a member of the IG Wealth Management advisor network, Dumitru Flanagan & Associates distributes mutual funds, investment products, and financial planning services through IG Wealth Management's regulatory platform. IG Wealth Management Inc. is a member of CIRO and CIPF, providing regulatory protection and institutional resources to the practice.
• I.G. Insurance Services Inc.coreChannel Partner/ Reseller/ DistributorInsurance products and services are distributed through I.G. Insurance Services Inc. (in Quebec, a Financial Services Firm). Insurance license sponsored by The Canada Life Assurance Company (outside of Quebec), expanding the practice's offerings to include life, disability, and critical illness insurance.
• Investors Group Trust Co. Ltd.minorChannel Partner/ Reseller/ DistributorMortgages offered through Investors Group Trust Co. Ltd., a federally regulated trust company, expanding service offering to include mortgage financing arranged by nesto inc. Licensed across multiple Canadian provinces.
• nesto inc.minorChannel Partner/ Reseller/ DistributorMortgage brokerage services arranged through nesto inc., providing clients access to mortgage products across Canada with licensing in Ontario, Saskatchewan, New Brunswick, Nova Scotia, British Columbia, Alberta, Manitoba, Newfoundland/Labrador, PEI, Yukon, Nunavut, and Northwest Territories.

Scale indicators2 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Other IG Wealth Management Advisor Practices: Independent advisory practices operating under the same IG Wealth Management dealer platform. They compete for the same affluent Canadian client base using the same product shelf, comp grid, and regulatory framework, making them the most direct comparables in terms of business model and unit economics.
• Edward Jones Canada: Branch-based advisor model targeting mass-affluent Canadian households with comprehensive financial planning. Closely comparable in service breadth, client segmentation strategy, and high-touch relationship-based delivery.

Emerging players

• Wealthsimple (Private Wealth): Canadian digital wealth manager now extending into higher-tier private wealth advisory for affluent clients. Overlaps on target segment and uses digital-first delivery, representing the structural fee-compression competitor to traditional advisory practices.
• Wellington-Altus Private Wealth: Fast-growing Canadian independent wealth manager built through advisor team lift-outs. Comparable in advisor-led model and HNW focus, but with national footprint and rapid recent growth via recruitment of breakaway teams.

Broad incumbents

• ScotiaMcLeod: Scotia Bank's wealth advisory division providing portfolio management and financial planning to affluent Canadian families. Comparable target segment and integrated planning value proposition.
• CIBC Wood Gundy: CIBC's full-service wealth advisory arm serving affluent and HNW clients with portfolio management, financial planning, and wealth transfer services. Comparable in offering and Canadian market focus.
• Raymond James (Canada): Independent Canadian wealth manager providing discretionary portfolio management, financial planning, and tax/estate services to affluent households. Comparable integrated offering with an independent-dealer distribution model.
• TD Wealth Financial Planning: Wealth planning arm of TD Bank, offering integrated financial planning, investment management, and estate services to affluent Canadian households. Comparable in offering breadth but operates as a bank-affiliated platform at substantially greater scale.
• RBC Phillips, Hager & North: RBC's private wealth division serving HNW Canadian clients with discretionary portfolio management, tax, and estate services. Comparable client segment and service scope, but with materially larger AUM and institutional infrastructure.
• BMO Nesbitt Burns (Private Wealth): BMO's private wealth advisory platform offering integrated investment, tax, estate, and business-owner planning. Overlaps directly in service offering and business-owner client focus but at greater scale and with bank balance-sheet integration.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/ig-private-wealth-management

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about IG Private Wealth Management