More than $17 billion in assets under management; only non-bank in top five
MD Private Investment Counsel (MDPIC), the discretionary investment management arm of MD Physician Services Inc. (MD), remains the largest non-bank-owned private investment counsel firm in Canada—and the only non-bank among the top five firms—according to Investor Economics Fee-based Report, Winter 2014 Edition.
MD had the largest relative growth of assets under management and outperformed the other top five firms with an increase of 15.6% over six months and 28% for the twelve-month period ending December 31, 2013.
“We are very pleased with these results. Discretionary management really resonates with our busy physician clients, since they are able to delegate the day-to-day investment decisions to their MD Portfolio Manager,” said Brian Peters, President and CEO of MD Physician Services Inc. “Trust is of the utmost importance in this kind of relationship; we take this responsibility seriously and manage a client’s savings as if they were our own.”
The results are published in the Winter 2014 Fee-based Report from Canadian financial services research and consulting firm Investor Economics. These results rank the size and growth of private investment counsel firms, excluding deposit-takers’ assets managed for personal trusts.
About MD Private Investment Counsel
MD Private Investment Counsel is the largest non-bank-owned private investment counsel firm in Canada. We manage more than $17 billion* in assets on behalf of our clients.
Watch the latest clip of “Inside MD” to learn more about MD Private Investment Counsel.
* As of June 30, 2014
About MD Physician Services
MD Physician Services, with more than $38 billion in assets under administration, is a wholly-owned subsidiary of the Canadian Medical Association. MD is dedicated to serving physicians and their families. MD Physician Services provides financial products and services, the MD family of mutual funds and private investment counselling services through the MD Group of companies. For a detailed list of these companies, visit md.cma.ca.
Communications Manager, MD Physician Services Inc.