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Investment Planning Counsel to acquire Titan Funds

Toronto (September 10, 2010): Investment Planning Counsel Inc. (“IPC”) and Titan Funds Incorporated (“Titan Funds”) today announced that a subsidiary of IPC will acquire Titan Funds.  The planned acquisition is associated with IPC’s concurrent announcement that IPC will purchase the shares of Partners In Planning Financial Group Ltd. ("Partners In Planning").

The transaction will be completed as a plan of arrangement under the Business Corporations Act (Ontario), and is subject to regulatory, court and other approvals including the approval of shareholders of Titan Funds and unit holders of Titan Managed Portfolios.

“We are pleased to welcome Titan Funds into the IPC family of portfolio management services, and we look forward to working with our new colleagues and partners once this transaction is completed,” said Chris Reynolds, President of IPC.

“As a member of the Walton Group of Companies, we have developed the Titan brand into a successful fund family,” said Bill Doherty, CEO of Walton Global Investments Ltd., and controlling shareholder of Titan Funds.  “However, we have now made a strategic decision to focus our efforts on Walton’s rapidly-growing core land-based real estate investing and development business.” The Walton Group is one of North America’s leading real estate investment groups.

Information circulars providing details with respect to the transaction will be mailed to shareholders of Titan Funds and unit holders of Titan Managed Portfolios in advance of special meetings to consider the transaction, currently expected to be held in October 2010. If approved by shareholders and unit holders, and assuming the satisfaction of all other conditions, the transaction would be expected to close within a short period following the meetings.
 

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. 
 
About Titan Funds Incorporated

Established in June 2007, Titan Funds offers investment solutions including Titan Managed Portfolios, a suite of structured, optimally-balanced portfolios with a unique active approach to rebalancing that is designed to meet the needs of most investors.  Titan Managed Portfolios are available through Partners In Planning Financial Services Ltd., a subsidiary of Partners In Planning and other selected dealers. To learn more, please visit www.titanfunds.ca.


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