Foyston Gordon & Payne is expanding its use of the Toogood's solutions with the implementation of Evolution, Toogood's flagship asset management platform for end-to-end portfolio management. Founded in 1980 in Toronto, Foyston Gordon & Payne is a "value style" investment manager for pension plans, foundations, endowments and high net worth individuals in Canada, with multi-billions in assets under management.

Foyston Gordon & Payne has been a Toogood client since 1998, using TiREX, Toogood's turnkey portfolio management solution, for private wealth and independent asset managers. The company's continued growth increased its need for a more comprehensive and robust platform, so Foyston Gordon & Payne decided to migrate to Evolution. Launched in 2005, Evolution has been the natural progression for the majority of Toogood clients, providing an integrated portfolio management, performance measurement and client reporting platform, with portfolio modeling and trade order management as well as enhanced compliance, security and audit trail capabilities.

Davis-Rea Ltd. was founded in 1997 with the merger of two companies that had each been successful for twenty years: D.A.C. Davis Investment Counsel Inc. and Lewis-Rea Ltd. In 2004, Cunningham Investment Counsel merged with Davis-Rea. Davis-Rea primary focus is capital preservation and manages portfolios to achieve superior returns without assuming undue risk. They concentrate on large-cap equities and investment grade debt instruments to ensure quality and liquidity.

Toronto, Ontario (July 31, 2008) – GMP Private Client L.P., a subsidiary of GMP Capital Trust (TSX: GMP.UN), announced today that it has enlisted the services of Toogood Financial Systems to provide an enterprise-wide software solution.  Toogood will be providing to GMP Private Client a robust and leading class financial system for portfolio management, performance measurement, modeling, trade order management, and client reporting.

“We’re extremely excited to have chosen Toogood’s enterprise software solution.  The Toogood application is a feature-rich portfolio management application that will address our requirements for today and beyond,” stated James Werry, Chief Executive Officer, GMP Private Client. “The Toogood portfolio management system further enhances the efficiencies and workflow for GMP, while also contributing to an already powerful desktop solution for our Investment Advisors.”

“We are pleased to have been selected by GMP for our financial systems solutions,” commented Raymond Oh, President, Toogood Financial Systems Inc. “The implementation was extremely smooth and successful allowing both teams to deliver a solution within a very tight timeline.  The dedication and commitment by both parties is a true reflection of both firms’ approach to providing superior services and fostering a strong relationship.”

"Well done!"

"As a leading North American full service investment firm, Raymond James is committed to providing our investment professionals with the quality tools and support they require to deliver premium service levels to help their clients reach their financial goals," says Julian Smith, SVP, Private Client Group of Raymond James. "Toogood offers the flexibility for our FA's to provide customized advice to meet their specific needs. It is an innovative and functionally rich portfolio management solution that can grow to meet our needs as we build our platform of excellence."

"We are very pleased Raymond James selected Toogood as their investment management solution" stated Raymond Oh, President of Toogood Financial Systems. "Realizing that Raymond James conducted a thorough analysis prior to selecting Toogood, it is a testament that our continued commitment to delivering and servicing the needs of our clients will lead to success for both Toogood, Raymond James and for all of our clients."

About Raymond James Ltd.

Raymond James Ltd. is the Canadian arm of Raymond James Financial, Inc. one of North America's leading full service investment dealers. Raymond James was established in 1962 on the principle of always putting the needs of clients first. Today, this principle remains the foundation on which we continue to build our company. This is underscored by the fact that more than one million individuals and families across North America entrust us with more than $175 billion in client assets under administration.

Oh takes over the company's leadership at an exciting time, as Toogood rolls out the next evolution of its asset management technology platform to a number of Canada's leading wealth management organizations.

"Ray brings us 16 years of direct industry and executive leadership experience," said Wong. "His extensive experience with investment management technology will be invaluable as we provide our clients with innovative and functionally rich portfolio system solutions and services."

In his new role, Oh will be responsible for the strategic and operational leadership of Toogood's sales, marketing and services professionals as well as the company's fulfillment and IT operations. He is joined by Toogood experienced management team that includes Pauline Hurtubise of Client Services, Christopher Davis of Software Engineering, Jim Brown of Product Management, and Dr. Darko Dizdar of Configuration Management and Quality Assurance.

Previously Oh served as the Vice President of Product Management at Financial Models Company. He has extensive experience in investment management systems, operations, product design, sales, consulting and applications service outsourcing.

"Toogood's business is expanding and it is vitally important for us to ensure the continued success of all of our clients by maintaining strong relationships with increased number of highly qualified professionals" said Lee Wong, Toogood's chief Executive Officer.

Toogood's new office capacity at Richmond Hill is more than double its previous location at Markham. This new office houses personnel in client service, product management, software engineering and professional services, among others. This new facility will also allow Toogood to expand its business globally, which is to provide sophisticated portfolio accounting and trading applications to wealth managers, program sponsors, fund administrators and global institutional asset managers. Evolution, Toogood's flagship product, has added over 20 new customers in the last 3 years, and is now in test by one of Canada's chartered bank and the industry's premier private banking institution.

"We're very excited about our new space in Richmond Hill, and the facility affords us to grow and continue our excellence in establishing strong relationships with our current and new clients" said Pauline Hurtubise, Toogood's Vice President of Business Services.