Counsel appoints PanAgora as asset allocation specialist for Counsel World Managed Portfolio, and revises risk category rating for Counsel Fixed Income

    TORONTO, April 28 /CNW/ - Counsel Wealth Management(R) today announced
the appointment of PanAgora Asset Management Inc. as the global tactical asset
allocation specialist for Counsel World Managed Portfolio. PanAgora, a
Boston-based asset management firm, will replace Credit Suisse Asset
Management LLC effective on or about April 28, 2009.
    Established in 1989, PanAgora is a leader in quantitative structured
investment strategies. The firm's investment philosophy combines the
principles of behavioural finance with the long-term cyclical view of the
market. Using a quantitative management investment approach, PanAgora
identifies opportunities to capitalize on short-term changes within each asset
    Counsel World Managed Portfolio is globally diversified across various
asset classes and managed by nine investment specialists, either directly or
through an underlying mutual fund. Each investment specialist has been
appointed for their individual expertise in a specific geographic market,
asset class and/or investment style. As a Portfolio Service, Counsel monitors
each investment specialist so that they continue to remain the ideal money
manager for the objectives of our mandates.
    Counsel has revised the risk category rating for Counsel Fixed Income
from "low to moderate", to "low", effective immediately. "The revision
reflects reduced volatility in Counsel Fixed Income as the mandate's permitted
exposure to equity-related investments has decreased," says Sam Febbraro,
Counsel's President & CEO.
    "Counsel regularly evaluates the risk profile of all Counsel investment
solutions. These evaluations allow us to determine if the anticipated level of
volatility within a portfolio is consistent with its investment objectives,"
Mr. Febbraro elaborates.

    About Counsel Wealth Management(R)

    Counsel Wealth Management is a wholly-owned investment management firm 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 independent portfolio managers.

    (R) Counsel Wealth Management is a registered trademark of Counsel Group
of Funds Inc.

    Commissions, trailing commissions, management fees and expenses all may
be associated with mutual fund investments and the use of an asset allocation
service. Please read the prospectus of the mutual funds in which investment
may be made under the asset allocation service before investing. Mutual funds
are not guaranteed, their values change frequently and past performance may
not be repeated.

For further information:

For further information: Meredith Adolph, Environics Communications, P:
(416) 969-2809, E:

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