TORONTO, ONTARIO--(Marketwire - March 1, 2010) - Counsel Portfolio Services Inc., a division of Investment Planning Counsel Inc., today reported preliminary mutual fund sales and assets under management for the month ending February 28, 2010. Mutual fund assets under management were $2.17 billion at February 28, 2010 compared with $1.61 billion at February 28, 2009 and $2.14 at December 31, 2009.