Investment Planning Counsel Inc.

Investment Planning Counsel Inc.

April 03, 2006 18:25 ET

Investment Planning Counsel Inc. Reports March 2006 Mutual Fund Sales

TORONTO, ONTARIO--(CCNMatthews - April 3, 2006) - Investment Planning Counsel today reported preliminary mutual fund sales and assets under management for the month ending March 31, 2006 as follows:



---------------------------------------------------------------------
Mutual Fund Sales - Month March 2006 March 2005
---------------------------------------------------------------------
$ millions (unaudited) Sales Redemptions Net Sales Net Sales
---------------------------------------------------------------------
Long Term 38.2 15.7 22.5 28.2
Money Market 3.1 1.0 2.1 1.5
------------------------------------------
Total 41.3 16.7 24.6 29.7
---------------------------------------------------------------------

---------------------------------------------------------------------
Mutual Fund Sales - YTD March 2006 March 2005
---------------------------------------------------------------------
$ millions (unaudited) Sales Redemptions Net Sales Net Sales
---------------------------------------------------------------------
Long Term 113.6 54.3 59.3 79.1
Money Market 7.6 2.7 4.9 3.5
------------------------------------------
Total 121.2 57.0 64.2 82.6
---------------------------------------------------------------------


Mutual fund assets under management were $2.00-billion at March 31, 2006 compared to $1.92-billion at February 28, 2006

Investment Planning Counsel is an integrated wealth management company focused on providing Canadians with financial products, services and advice to help them achieve their financial dreams. Investment Planning Counsel has developed a strategy that marries the needs of the planners with that of the company. Investment Planning Counsel's intent is to be the premier choice among financial planners who are dedicated to serving the needs of their clients. Investment Planning Counsel is a member of the IGM Financial Inc. (TSX:IGM) group of companies.


Contact Information

  • Investment Planning Counsel
    Steve Meehan
    Chief Executive Officer
    (905) 212-9799
    (905) 212-9675 (FAX)
    smeehan@ipcfn.com
    or
    Counsel Wealth Management
    John Croce
    President
    (905) 212-9799
    (905) 212-9798 (FAX)
    jcroce@ipcc.ca