Counsel Wealth Management(R) announces a portfolio sub-advisor change to Counsel Select Small Cap

    TORONTO, July 4 /CNW/ - Counsel Wealth Management (Counsel Group of Funds
Inc. (Counsel)) today announced a portfolio sub-advisor change for Counsel
Select Small Cap.
    Effective August 20, 2008, New York based GLG Inc. (GLG) will become the
international small cap sub-advisor for Counsel Select Small Cap, replacing
Epoch Investment Partners.
    GLG is a wholly-owned subsidiary of GLG Partners, one of the largest
alternative asset managers in the world. It has established a proven track
record in traditional long-only investment strategies.
    Counsel Select Small Cap is a strategic investment with exposure to the
U.S., Canadian and international small cap markets. Its Canadian small cap
component is managed by Howson Tattersall Investment Counsel while the U.S.
component is managed by AIM Funds Management Inc.

    About Counsel Wealth Management(R)

    Counsel Wealth Management is a wholly-owned investment management firm of
Investment Planning Counsel Inc., and manages over $2.26 billion in total
assets as of December 31, 2007. 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: Greg Vallentin, Environics Communications, P:
(416) 969-2728, E:

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