TORONTO, ONTARIO--(Marketwire - Feb. 1, 2011) - Counsel Portfolio Services Inc., a division of Investment Planning Counsel Inc., today reported preliminary mutual fund assets under management for the month ending January 31, 2011. Mutual fund assets under management were $2.73 billion at January 31, 2011 compared with $2.11 billion at January 31, 2010 and $2.69 billion at December 31, 2010.