(November 26 – 13:45 ET) –
Winnipeg’s Rice Capital
Management Plus Inc. is
reporting its results for the nine
months ended September 30. Rice
cut its losses to $68,000 from
$111,000 in the period last year.

Rice says it now has 38 retail
outlets from Ontario to British
Columbia. Its business plan calls
for another 75 retail outlets and
100 new independent reps over the
next three years.


It intends to establish
strategic partnerships and make
acquisitions which will “encourage
financial institutions to buy a
position in Rice Capital as the
capital strength and stability
provided will ensure additional
resources, services and products
are made available.”

The firm has added four new
partners to its Community Associate
Partners program. Rice Financial
provides its CAPs with contracts,
product suppliers, marketing and
advertising support, training,
technology, and dedicated staff
in support of their administration
and sales activities.

In his letter to shareholders
Rice founder, Tom Rice, writes
that the firm launched a new
staff training program during the
third quarter that is “designed to
better assist our staff and our
sales representatives to provide
clients with even better quality
service and sales support.”

In early October, Rice also
entered a joint venture with the
Horizon Group of insurance brokers.
A Rice advisor was placed in each
of the five Horizon outlets to
offer full access to mutual funds,
GICs and other financial
products.


-IE Staff