On August 20, 2013, Investment Planning Counsel Inc. (IPC) announced that it had entered into an agreement to purchase the shares of Independent Planning Group Inc. (IPG), a mutual fund dealer. As part of the transaction, IPC will acquire IPG and its affiliates, Virtuco Technologies Inc. and IPG Insurance Inc. The transaction is expected to close in late 2013, subject to regulatory approvals and other conditions. IPC is an integrated wealth management company with $17 billion in assets under administration. Fasken Martineau is counsel to IPC with a team that includes Doug H. Scott, Marvin Mikhail and Nicole Park (mergers and acquisitions), Tracy Hooey (regulatory), and Christopher Steeves (tax).