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Canada Life and Counsel Amalgamate

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Big news in the investment world! Canada Life Investment Management Ltd. (CLIML) and Counsel Portfolio Services Inc. are joining forces in a legal amalgamation that’s set to take effect around October 1, 2024.

After this merger, the new company will still go by the name Canada Life Investment Management Ltd. They’re going to manage all the funds from both CLIML and Counsel, which means customers can expect the same services they’ve always had.

This move aims to create a strong center of excellence, enhancing the experience for financial advisors and their clients. Both companies believe that by combining their resources, they can attract top-notch portfolio managers and sub-advisors.

It’s important to note that this amalgamation won’t change how the funds are managed. So, if you’re a client of either company, there’s no need to worry about any disruptions in your investment journey.

Rachel Adams

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