About ICMS

Independent Cash Management Solutions

ICMS

Independent Cash Management Solutions Ltd. (“ICMS”) is owned and operated by Paul LeBlanc, a former commercial banker who specialized in cash management and pricing of commercial bank accounts.

  • B.A. Economics – St Francis Xavier University
  • M.A. Economics – McMaster University
  • Prudential Bache Securities 
  • Bank of Montreal Commercial Banking Group

 In 2003 Paul started ICMS, helping small business owners to improve the way that their companies deal with banks for daily banking

  • Paul has evaluated, installed and negotiated pricing for cash management and investment platforms for a wide range of Commercial and Corporate Finance clients, both public and private as well as Not-For-Profit.
  • Throughout his career Paul has always kept the needs of his customers first and foremost in the investment and commercial banking fields.
  • He is enthusiastic about bringing his experience to the bargaining table to help his customers negotiate their best deal possible.

Manulife Bank

High Interest, Low Fee Savings Accounts

ICMS banking clients invest their cash balances with Manulife Bank of Canada. ICMS has an Agency Agreement with – and receives a separate payment from – Manulife Bank of Canada. That means your investment balances will always receive the published rate in full. 

Manulife Bank is a Schedule I federally chartered bank and a wholly‑owned subsidiary of The Manufacturers Life Insurance Company. Established in 1993, it was the first federally regulated bank opened by an insurance company in Canada. Manulife Bank supports the sale of the parent’s core products and distributes its products through a number of channels, including financial advisors, mortgage brokers and deposit brokers.

  • As of March 31, 2024 Manulife Bank has over $29.5 billion in assets and serves clients across Canada in all provinces and territories. With a  high‑quality loan portfolio, the majority of loans being in residential mortgages, Manulife Bank is a profitable and well‑capitalized organization.
  • Manulife Bank Advantage Accounts (both Personal and Business) are high-interest, full-access, low fee chequing accounts that can be used by clients as their primary bank account or linked to existing bank accounts as a savings/investment account.
  • An Advantage Account combines the liquidity of a traditional chequing account with the interest rate of a short-term GIC or money market fund. Advantage Accounts’ features and benefits are unrivaled in the marketplace.

About Manulife Bank

Manulife Bank fact sheet

Manulife Bank’s current rates

Testimonials

I was not interested in changing my current bank, with all the attendant paperwork and drain on time. The Manulife Bank Account offered by ICMS solved a major problem quickly, how to receive interest on cash flow surpluses, while not requiring the changing of banks. Even with small surpluses, IFS has managed to earn well over $15K in interest in just a few years. This revenue would have been non-existent with the current Business Bank account we have. Transfers to and from take about 30 seconds, and are done in one business day.

Don Thorssen President, Innovative Fluid Systems Inc.

Paul LeBlanc was very helpful at a time when we were looking for the best possible rates for short term investments without having to change banks to do it. He was able to enhance our banking experience by setting up our accounts with Manulife quickly and efficiently. He is always available when we have questions and need guidance for banking solutions. He truly understands the banking needs of small to medium size businesses.

Wanda Edwards Controller, McDaniel & Associates Consultants

Given that we were receiving nothing from our regular bank for any of our positive cash balances, signing up with Manulife was an easy decision – we have been using Manulife Bank since 2010 and have been extremely happy with it . The online banking tool makes it very easy to move funds back and forth.

Tony Militano President, Carbon Copy Digital