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For year, I have thought it was better to have a number of good managers rather than a bundle of specific investments. It‘s just more practical. For example, if you have an investment account containing 20 individual stocks, then the firm has to be This also reduces the uncomfortable feeling some investors have that an account is being "churned" just to generate a sales commission for the broker. Whether this is true or perceived â€" it makes for an awkward relationship. There are benefits for the investment firm as well. It standardizes accounts. To me, the largest advantage of a wrap account is to get professional management. The investment world has become too complicated and changes too quickly for an individual to compete on his own. Investors who are active traders are trying to decrease their commission charges. Any switches in a wrap account do not trigger an additional charge. A wrap account allows an individual to pay an annual fee to receive a basket of services. The services can vary, but the prime benefit is that you can remove yourself from the dayâ€"toâ€"day management of your money. The client is happy and so is the investment firm that handles the account. From the client‘s perspective, there are several benefits. ince the market for managed investments has been flooded by investors during the past year, a new option has surfaced. It‘s called a "wrap" account. Wrap‘ accounts can make investing easier It was announced this week that in early April 1994 the firm‘s Metro West Regional Centre will relocate from Mississauga to the Ennisclare Corporation‘s North Service Road Phase I building. The company will occupy 75,000 square feet spread over four floors and bring 300 employees with it. Head office will remain in downtown Toronto. By HOWARD MOZEL Oakville Beaver Staff next year. According to vice president of corporate development and Oakville resident Janice Lawson, the relocation is merely a move and not part of an expansion. Once the firm‘s old lease was about to expire, management took the Insurance company liked transportation links Dominion of Canada General Insurance Company has a long and distinguished past but it will be looking toward the future when it moves to Oakville Peter Watson, MBA, CFP, RFP is president of Peter Watson Investments Limited â€"â€" an Oakville firm specializing in retirement planning, RRSPs, and investment planning. He can be reached at 842â€" 7602. ; My impression of wrap accounts is that they are very similar to owning several mutual funds. It is a similar type of option that is being packaged differently. This popularity is not surprising since mutual funds, which also offer professional management, have been growing exponentially for years. Current assets in mutual funds are $90â€"billion and are expected to reach $350â€"billion by the end of the decade. Wrap accounts in Canada currently account for approximately $1â€"billion, and one prediction is that this figure could grow to $10â€"million by the end of the decade. A wrap account delegates this activity to a single investment product offered by the firm. It also ties the client â€" and the investment advisor for that matter â€" a little closer to the firm because each firm has its own wrap account product. able to provide some information on those stocks. This becomes difficult when the firm has 1,000 clients for whom they have to follow several thousand stocks. This becomes almost unworkable. opportunity to look around and decided Oakville was an ideal place to settle. "We are really looking forward to the move, which was tremendously well received by the employees," said Lawson, who explained that Dominion is a property and casualty insurance company. "‘The Town was very easy to work with and there are many services planned for the future or here already." Lawson said the Ennisclare site in particular was chosen because of its accessibility to public transportation (such as peakâ€"hour bus service to the GO station) as well as to the The stamp launching marks the start of a new series depicting Historic Land Vehicles. Other stamps in the series include: Henry Seth Taylor Steam Buggy, 1867; Russell Model L, 1908; Grayâ€"Dort 25 SM, 1923; McLaughlinâ€"Buick Model 28â€"496, 1928 and Studebaker Champion Deluxe Starlight Coupe, 1950. Canada‘s 1914 Ford Model T is reproduced on the stamp in its unique blue color. U.S. models were black only. More than 750,000 Model T‘s were made in Canada. The stamp set was designed by Tiit Telmet, Joseph Gault and Cameron Wykes all of Toronto. Official First Day Covers bear a Stanstead, Quebec cancellation in honor of its place in history as the town where Canada‘s first car, the Henry Seth Taylor Steam Buggy, made its debut. Donald Lander, chairman of the board, Canada Post Corporation (right) presents enlarged version of stamp depicting the 1914 Model T. The presentation was made on the table used to sign the incorporation of Ford as an automobile company. General Insurance Company The Dominion of Canada General Insurance Company will be joining such other Ennisclare tenants as Investors Group, Protection Mutual and Lincluden Management . A new restaurant seating 100 people is also scheduled open on the main floor around March 1, 1994. With the addition of these two new tenants, Ennisclare‘s Phase I will be 70% leased. Lawson said the company is currently picking out floor layouts and hopes to make the move during the course one, and obviously very busy, weekend. QEW. The Dominion of Canada General Insurance Company was formed in 1887 and boasts as its first president Sir John A. MacDonald, Canada‘s first prime minister. Today, the firm has offices from Vancouver to Halifax and in 1992 was rated the seventh largest property and casualty company in the country. SUNDAY, SEPTEMBER 19, 1993 PAGE 14