The Globe and Mail reports in its Wednesday edition that IGM Financial chief executive officer James O'Sullivan is focusing on growing the company's two core subsidiaries, IG Wealth Management and Mackenzie Investments. The Globe's Clare O'Hara writes that IGM, a subsidiary of Power Corp. of Canada, has seen its assets under administration, including its strategic investments, increase to more than $400-billion as of Sept. 30 -- a significant boost from $240-billion on the same date in 2020. Mr. O'Sullivan says, "Given the amount of mergers and acquisitions that we've done over the past three years, we feel very strongly that we've repositioned and rebuilt the business for growth in the years ahead." The Globe says much of that growth has stemmed from a flurry of acquisitions that include buying a 20.5-per-cent interest in U.S. wealth giant Rockefeller Capital Management and a 56-per-cent interest in private equity firm Northleaf Capital Partners. IG Wealth and Mackenzie still account for about 75 per cent of IGM's earnings. Even with the "higher growth expectations" of the strategic investments Mr. O'Sullivan has made, he says those two divisions will likely account for almost 70 per cent of earnings in 2028.