Providing investors with independent investment advice since 1941

MPL Communications Inc. is Canada’s largest provider of independent investment advice. MPL’s publications include The Investment Reporter, one of the oldest continuously-published investment advisories in North America, and Investor’s Digest of Canada, Canada’s preeminent newspaper for investors.

The company was founded in 1941 by investment adviser George Armstrong, who was determined to supply individual Canadian investors with the information and advice then available only to "insiders". Mr. Armstrong’s investment philosophy — judging a company on its merits, buying undervalued stocks and holding them, building a portfolio for long-term gains — is widely practised today, usually under the heading of "value investing".

To perpetuate his ideas, Mr. Armstrong founded the Investment Planning Committee which continues to meet regularly to assess the investment picture and discuss their "buy-sell" recommendations for Canadian investors.

Over a period of 20 years, from 1984 to 2005, the stock recommendations of this committee had a compound annualized return of 13.4 per cent. Over the same 20 years, the compound annualized return for all Canadian equity mutual funds was 8.7 per cent. These figures come from the leading independent advisory survey service, the Hulbert Financial Digest of Annandale, Va.

Other MPL publications include The MoneyLetter, the Canadian Mutual Fund Adviser, the Money Reporter, The TaxLetter and Blue Book of Stock Reports. MPL is also the Canadian publisher of Louis Rukeyser’s Wall Street, the U.S.’s most widely-circulated investment newsletter.

Through this impressive list of publications, MPL covers every aspect of the investment picture: Canadian and key foreign equities (The Investment Reporter), mutual funds (Canadian Mutual Fund Adviser), income investments (Money Reporter), and quarterly reports on 240 stocks (Blue Book of Stock Reports). Investor’s Digest of Canada takes a comprehensive look at the entire investment scene.

Through its web site, adviceforinvestors.com, MPL is the largest online provider of investment advisory services in Canada. In addition to delivering each of its publications to subscribers electronically, adviceforinvestors.com offers in-depth information and advice on Canadian companies (and key U.S. stocks) as well as the most complete online Portfolio Manager in Canada.

Subscribers are assured of independent, unbiased advice. MPL’s editors have no connection to any brokerages, banks or other financial institutions. There is an exception with Investor’s Digest: while the editorial stance is independent, the newspaper also brings subscribers brokerage reports (and a detailed chart of analysts’ consensus "buy-sell" calls and earnings estimates), interviews with fund managers and articles with guest columnists. In addition, some clearly-indicated articles of adviceforinvestors.com contain advice and recommendations from outside analysts who may have positions in certain stocks discussed.