Investment Planning Counsel Inc.

Investment Planning Counsel Inc.

December 01, 2006 17:20 ET

Investment Planning Counsel Inc. Reports November 2006 Mutual Fund Sales

TORONTO, ONTARIO--(CCNMatthews - Dec. 1, 2006) - Counsel Group of Funds, Inc., a division of Investment Planning Counsel, Inc., today reported preliminary mutual fund sales and assets under management for the month ending November 30, 2006 as follows:



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Mutual Fund Sales - Month November 2006 November 2005
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$ millions (unaudited) Sales Redemptions Net Sales(i) Net Sales(i)
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Long Term 28.7 15.5 13.2 14.7

Money Market 2.0 1.2 0.8 1.1
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Total 30.7 16.7 14.0 15.8
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Mutual Fund Sales - YTD November 2006 November 2005
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$ millions (unaudited) Sales Redemptions Net Sales(i) Net Sales(i)
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Long Term 303.2 172.2 131.0 212.3

Money Market 22.1 8.6 13.5 11.9
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Total 325.3 180.8 144.5 224.2
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(i)Net Sales is defined as Sales - Redemptions


Mutual fund assets under management were $2.14-billion at November 30, 2006, compared to $2.09-billion at October 31, 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)
    Email: smeehan@ipcfn.com