IPC Financial Network Inc. reports that February Net Sales of its asset management division, Counsel Wealth Management, were $35.3 million.

Assets under management passed the $380 million mark, representing a 20% increase since the beginning of the calendar year.

According to IPC’s CEO, Steve Meehan, a great deal of this growth is coming from the new portfolio series that was launched in late January. “In just over five weeks we have seen more than $40 million of client assets directed to these new portfolio solutions,” says Meehan. “We believe the role of advisors is continuing to expand; Counsel’s approach to product development is allowing our advisors to provide comprehensive financial solutions to our growing client base.”