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Investment Planning Counsel completes acquisition of Partners In Planning

Calgary/Toronto, Nov. 1, 2010 /CNW/ - Investment Planning Counsel Inc. ("IPC") and Partners In Planning Financial Group Ltd. ("Partners In Planning") today announced the completion of IPC's purchase of Partners In Planning.

Previously announced on September 10, 2010, the transaction has now received all required approvals. IPC has acquired Partners In Planning, including its subsidiaries, Partners In Planning Financial Services Ltd., a mutual fund and exempt market dealer, and Partners In Planning Insurance Services Inc., a national insurance agency. In a separate and concurrent transaction, a subsidiary of IPC has acquired Titan Funds Incorporated, Manager of Titan Managed Portfolios.

"We are delighted that this transaction has been completed, and we welcome our new colleagues to the IPC family," said Chris Reynolds, President of IPC. "Investment Planning Counsel and Partners In Planning will continue to enjoy a similar culture where independent wealth management professionals can build a better business to meet clients' needs."

"While we focus on Walton's rapidly-growing land-based real estate investing and development business, we are confident that Advisors, Agents and clients will be well served by the transition of Partners In Planning into IPC." said Bill Doherty, CEO of Walton Global Investments Ltd. and previously controlling shareholder of Partners In Planning.
 

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 $12 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 $118 billion in total assets under management as of August 31, 2010. For more information, please visit www.ipcc.ca.
 

About Partners In Planning

Partners In Planning Financial Group Ltd. is one of Canada's largest privately-held financial services organizations, with more than 300 independent Advisors and agents operating more than 100 offices. Partners In Planning Financial Services Ltd. is among Canada's largest national independent mutual fund dealers. For more information, please visit www.partnersinplanning.com.


For media inquiries, please contact:

Meredith Malloch
VP, Marketing & Communications
Phone: 1-877-212-9799 or 905-212-9799
Email: meredith.malloch@ipcc.ca