MD Private Investment Counsel Continues to Outperform Canada’s Top Five Banks; MD Private Trust Fastest-Growing Firm for Estate Assets

April 2, 2015

MD Private Investment Counsel (MDPIC), the discretionary investment management arm of MD Financial Management 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, Summer 2014 Edition.

MDPIC outperformed the other firms and had the largest relative growth of assets under management with an increase of 29.3% for the 12 months ended June 2014.

Investor Economics also reported that MD Private Trust moved up two places due to strong relative and absolute growth rates, making it the fastest-growing firm in terms of estate assets.

“We are very pleased with these results. The fact that MD Private Investment Counsel continues to report strong growth is due, in large part, to the value our clients are seeing when they delegate their day-to-day investment decisions to a seasoned MD Portfolio Manager,” said Brian Peters, President and CEO of MD. “In addition, we believe that the growth of MD Private Trust reflects the trust physicians have in our ability to help them achieve their estate planning goals.”

The results are published in the Summer 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.

For more information about MD Private Investment Counsel and MD Private Trust, contact an MD Advisor or call the MD Service Centre at 1 800 267-2332.

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 $19 billion* in assets on behalf of our clients.

About MD Private Trust

MD Private Trust provides peace of mind through customized and tax-efficient estate and trust planning services, including estate settlement, philanthropy and trust administration.

About MD Financial Management

MD Financial Management, with more than $40 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 Financial Management provides financial products and services, the MD Family of Funds and investment counselling services through the MD Group of Companies. For a detailed list of these companies, visit md.cma.ca.

MD Financial Management includes MD Financial Management Inc., MD Management Limited, MD Private Trust Company, MD Life Insurance Company and MD Insurance Agency Limited.

Media Contacts

Maria Grant
Communications Manager, MD Financial Management
maria.grant@cma.ca
613 809-0657

Deborah Thompson
DT Communications
deborah@dt-communications.com
416 918-9551

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