TORONTO, Feb. 25 /CNW/ - Counsel Portfolio Services Inc. ("Counsel")
today announced a plan to merge Titan Managed Portfolios with
comparable Counsel investment solutions.
The mergers, which have been reviewed and approved by Counsel's
Independent Review Committee, will consolidate each Titan Managed
Portfolio with a corresponding Counsel investment solution that has a
substantially similar investment objective as follows:
Terminating Titan Managed Portfolio
Continuing Counsel investment solution
Titan Money Market Fund
Counsel Money Market
Titan Balanced Income Portfolio
Counsel Conservative Portfolio
Titan Balanced Portfolio
Counsel Balanced Portfolio
Titan Balanced Growth Portfolio
Counsel Balanced Portfolio
Titan Growth Portfolio
Counsel Growth Portfolio
The mergers are expected to take place in the first half of 2011.
Investors in Titan Managed Portfolios will be provided a minimum of 60
days notice prior to the merger.
The planned mergers follow the acquisition of Titan Funds Incorporated
("Titan") by a subsidiary of Investment Planning Counsel Inc. (IPC) on
November 1, 2010. On January 1, 2011, Titan amalgamated with Counsel
and continues to carry on its business as Counsel Portfolio Services
About Counsel Portfolio Services Inc.
Counsel Portfolio Services Inc. is a direct subsidiary of IPC Portfolio
Services Inc., which is an indirect subsidiary of Investment Planning
Counsel Inc. Counsel was formed to support the partnership between
Financial Advisors and their clients by providing comprehensive,
objective portfolio solutions, and exclusively utilizing the strength
and expertise of third-party portfolio managers.
For more information on Counsel investment solutions, please visit our
website at www.counselservices.com.
About Investment Planning Counsel Inc.
Investment Planning Counsel Inc. is an integrated wealth management
company founded in 1996. Investment Planning Counsel was created to
support Advisors in delivering a distinctive client service experience
by providing client-focused advice that helps Canadians live their
dreams. With $17 billion in assets under administration, Investment
Planning Counsel is a member of the IGM Financial Inc. (TSX: IGM) group
of companies. IGM Financial is one of Canada's premier financial
services companies with $131 billion in total assets under management
as of January 31, 2011. For more information, please visit www.ipcc.ca.
Commissions, trailing commissions, management fees and expenses all may
be associated with mutual fund investments. Please read the prospectus
before investing. Mutual funds are not guaranteed, their values change
frequently and past performance may not be repeated.
SOURCE Investment Planning Counsel
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