IGM Financial Inc. said Thursday that net income for the second quarter jumped 18% while revenue increased almost 14%.

The Winnipeg-based company, also announced that Jim Hunter is retiring as president and CEO of Mackenzie Financial Corp. and will become chairman of Mackenzie Inc.

For the three months ended June 30, IGM reported net income of $152.6 million (or 57¢ a share) vs $129.4 million (49¢ a share) a year ago. Revenue rose to $523.5 million from $460.2 million.

For the six months, earnings were ahead almost 21% to $300.5 million ($1.13 a share), with revenue was up 14% to slightly more than $1.04 billion.

“The second quarter was an eventful one for IGM Financial” said IGM president and CEO Jeffrey Orr. “The company changed its name to better reflect the evolution and current structure of its business, added an additional source of future growth by completing the acquisition of Investment Planning Counsel and delivered strong financial results to shareholders”.

Canada’s largest mutual fund firm said mutual fund assets under management at June 30 jumped 17.4% to $79.7 billion vs $67.9 billion a year ago.

IGM also announced that it was declaring an increase of 2.5¢ cents a share in the quarterly dividend, to 30¢ a share, payable Oct. 29 to shareholders of record on Sept. 30. It also announced a quarterly dividend on a series of preferred shares.

Hunter had been with Mackenzie since 1992 and helped managed the acquisition of Mackenzie by IGM Financial, then Investors Group, in 2001. “During this time, Mackenzie has strengthened its leadership position within the mutual fund industry and enhanced its reputation in Canada for providing innovative and high quality products and services to financial advisors and their clients,” the company said.