Counsel Portfolio Services, a subsidiary of Investment Planning Counsel, announced Nov. 9 the launch of IPC Private Wealth Visio Pools.
The following new portfolios are now available for purchase: IPC Private Wealth Visio Income Pool; IPC Private Wealth Visio Balanced Pool; IPC Private Wealth Visio Balanced Growth Pool and IPC Private Wealth Visio Growth Pool.
Counsel Portfolio Services says these Pools offer an investment approach “typically only available to investors in separately managed account programs, using an efficient portfolio design that aims to meet the needs of mass affluent and high net worth investors.”
The North American and U.S. equity components of the IPC Private Wealth Pools will be sub-advised by Sionna Investment Managers and Marsico Capital Management respectively, while the core fixed income strategy will be sub-advised by Mackenzie Investments.
The IPC Private Wealth Visio Pools provide exposure, through their underlying holdings, to a selection of approximately 25-30 Canadian and U.S. equities. The Pools' fixed income component is comprised of a laddered bond strategy that includes a select set of high-quality investment grade bonds to enhance capital preservation, provide regular income, and opportunities for capital gains over time, says Counsel. For added global diversification, these actively-managed strategies are complemented with an allocation to international equity and fixed income ETFs that provide the opportunity for long-term growth through continuous market exposure.
"The concentrated holdings give investors access to these portfolio managers' best investment ideas," said Kevin Hurlburt, Executive Vice-President, Products and Services at Investment Planning Counsel. "Through our enhanced quarterly reporting, it also provides investors with more visibility to their individual holdings and a better understanding of how their money is invested," he added. "Combined with our disciplined portfolio design and manager selection process, this new offering allows us to provide investors the opportunity to access high-conviction strategies through a simple single-solution diversified portfolio."
