The new investment solutions are added to the firm's IPC Private Wealth Visio Pools
Counsel Portfolio Services is giving Canadian investors two new investment solutions as part of its IPC Private Wealth Visio Pools.
The Toronto-based subsidiary of Investment Planning Counsel Inc. is aiming the new pools at mass affluent investors and will pick a concentrated selection of the global equities that are the ‘best ideas’ of their respective equity managers. There is also a laddered bond strategy for income and stability, and selected ETFs for added diversification.
"The asset allocation for IPC Private Wealth Visio Pools replicates a strategy often used by the ultra-wealthy, said Sam Febbraro, president & CEO, Counsel Portfolio Services. "By combining a concentrated high-conviction equity mandate with laddered bonds and ETFs, we can provide our investors with a similar strategy in a single-ticket portfolio that is easy to explain.”
The new pools - IPC Private Wealth Visio Global Advantage Balanced Pool and IPC Private Wealth Visio Global Opportunities Balanced Pool – will be managed by Mawer Investment Management and EdgePoint Wealth Management, respectively.
"With Mawer and EdgePoint, advisors will have access to two of the country's leading equity money managers, each with compelling investment philosophies and proven long-term track records of success," explained Blair Setford, VP Product Management, Counsel Portfolio Services.
New US growth equity
The firm is also launching Counsel U.S. Growth Equity, a new component fund that will be available on a standalone basis and be an underlying fund for Counsel's turnkey portfolios.
It will be sub-advised by Brown Advisory, based in Baltimore, which along with EdgePoint is a new addition to Counsel’s money manager roster.
"The addition of Brown and EdgePoint, alongside Mawer – a long-standing sub-advisor for Counsel – gives our advisors access to a deep roster of independent investment specialists," added Setford. "Counsel today has 17 third-party money managers, each of whom is carefully selected based on in-depth research, and continuously monitored by our Portfolio Management team to ensure that each money manager is ideal for the strategy they manage.”
Counsel U.S. Growth Equity will be an underlying fund in the following turnkey portfolios:
- IPC Private Wealth Visio Balanced Growth Pool
- Counsel All Equity Portfolio
- Counsel Growth Portfolio
- Counsel Balanced Portfolio
- Counsel Conservative Portfolio
- IPC Focus Conservative Portfolio
- IPC Focus Balanced Portfolio
- IPC Focus Growth Portfolio
- IPC Focus Equity Portfolio
Investors who hold any of these portfolios will automatically gain exposure to the new mandate on or about November 6, 2023.