Counsel Portfolio Services Inc. has retained Acuity Investment Management Inc. to provide portfolio sub-advisory services for Counsel Money Market, the company said Wednesday.

Acuity will replace Cumberland Private Wealth Management Inc. effective February 5.

Counsel also announced that the effective date for the mergers of Counsel Select Canada, Counsel Select America and Counsel Select International into Counsel Canadian Growth, Counsel U.S. Growth, and Counsel International Growth, respectively, will be February 12.

The addition of Counsel Fixed Income, Counsel Canadian Dividend and Counsel International Growth as underlying funds to Counsel Managed Portfolio will also be effective February 12.

Counsel Portfolio Services Inc. is a direct subsidiary of IPC Portfolio Services Inc., which is an indirect subsidiary of Investment Planning Counsel Inc.

IE