LONDON,
ON, Aug. 13, 2024 /CNW/ - Canada Life
Investment Management Ltd. (CLIML) and Counsel Portfolio Services
Inc. (Counsel) today announced the legal amalgamation of CLIML and
Counsel, effective on or about October 1,
2024, subject to customary closing
conditions.
The amalgamated company, to be named Canada Life Investment
Management Ltd., will continue to serve as the manager, trustee,
portfolio manager and promoter of all CLIML and Counsel
funds.
This amalgamation will create a centre of excellence to continue
delivering an industry-leading experience for advisors and their
clients. It will continue a consistent and aligned philosophy of
hiring the best-in-class portfolio managers and
sub-advisors.
The amalgamation will not impact how the CLIML or Counsel
funds are managed.
About Canada Life Investment Management
Ltd.
Canada Life Investment Management Ltd. (CLIML) is an investment
management firm offering wealth management products and services
for individuals, families and business owners. Our funds are
sub-advised by leading asset managers, providing access to
specialized investment expertise from around the world. CLIML is a
subsidiary of The Canada Life Assurance Company and a member of the
Great-West Lifeco Inc. group of companies.
About Counsel Portfolio Services Inc.
Counsel is a subsidiary of Investment Planning Counsel Inc.
("IPC Inc."). Counsel provides comprehensive, objective portfolio
solutions utilizing the strength and expertise of third-party
portfolio managers. Counsel is a subsidiary of The Canada Life
Assurance Company and a member of the Great-West Lifeco Inc. group
of companies.
SOURCE Canada Life Investment Management Ltd. (CLIML)