Investment Planning Counsel Inc.

Investment Planning Counsel Inc.

November 01, 2006 16:33 ET

Investment Planning Counsel Inc. Reports October 2006 Mutual Fund Sales

TORONTO, ONTARIO--(CCNMatthews - Nov. 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 October 31, 2006 as follows:



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Mutual Fund Sales - Month October 2006 October 2005
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$ millions (unaudited) Sales Redemptions Net Sales Net Sales
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Long Term 23.3 14.9 8.4 19.4

Money Market 2.0 0.6 1.4 2.4
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Total 25.3 15.5 9.8 21.8
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Mutual Fund Sales - YTD October 2006 October 2005
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$ millions (unaudited) Sales Redemptions Net Sales Net Sales
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Long Term 274.5 156.7 117.8 197.6

Money Market 20.2 7.5 12.7 10.7
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Total 294.7 164.2 130.5 208.3
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Mutual fund assets under management were $2.09-billion at October 31, 2006, compared to $2.03-billion at September 30, 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