We offer discretionary portfolio management to clients looking to delegate the investment process. We seek to serve private individuals and families, as well as corporations, foundations, trusts, charities, and other institutions. We use a long-term, low-turnover, value-oriented investment strategy to invest directly in stocks and bonds. We open and manage separate accounts for each client with an asset mix tailored to their financial goals, risk tolerance, income needs, and tax situation. We strive to deliver high absolute returns over the long term. We provide a personalized, attentive service that always puts customer interests first.

Portfolio managers are specialized firms and professionals who manage investment portfolios on behalf of their clients. They can differ from mass-market advisors or retail brokers because they tend to manage larger amounts of money for fewer clients. This often allows for lower management fee rates and an enhanced level of attention to each client and their portfolio. Portfolio managers are regulated by provincial securities legislation. To be qualified as a portfolio manager, extensive academic and practical investment research experience is required, and high ethical standards must be upheld. By law, portfolio managers owe their clients a fiduciary duty, meaning they must act in the best interests of their clients.

The CFA has become the world’s preeminent investment designation. It demonstrates a commitment to professional ethics and expertise, as well as a broad range of skills needed for the most competitive careers in the investment profession. Charters are only available to individuals that pass three exams, join a local CFA association, complete four years of practical experience, and certify adherence annually to the CFA Institute’s Code of Ethics and Standards of Professional Conduct.

Discretionary portfolio management means the portfolio manager does not require the client’s consent or approval before trading for the client’s account. The portfolio manager has the authority to make day-to-day investment decisions for each client portfolio. Each account is managed according to an Investment Policy Statement which is agreed to and signed by the client. Discretionary portfolio managers have a fiduciary duty to act with care, honesty, and in good faith. They must always act in the best interests of clients. They must clearly communicate any conflicts of interest to clients.

A discretionary portfolio manager is often the preferred choice for high-net-worth clients. Clients may not have the time, interest, or expertise required to manage their portfolio. Some clients do not want the stress or burden of having to make regular investment decisions. They might not want to continuously approve trades recommended by their broker or mutual fund advisor. Clients might prefer to spend time with a portfolio manager discussing strategic issues, instead of individual investments. Some clients prefer portfolio managers because they are fiduciaries, meaning they must act in the best interests of clients. Clients might prefer to deal with a portfolio manager given the high level of experience and education required to obtain registration with provincial securities regulators. Some clients are attracted to the lower fees charged by many discretionary managers compared to some brokers and financial advisors, especially since the portfolio manager’s fees are often tax-deductible. Finally, clients might like that some portfolio managers are independent and unbiased and many do not receive commissions for selling funds.

Erin Greenfield, our portfolio manager, brings many years of institutional investment experience managing global portfolios for one of Canada’s most well-known investment teams. Mr. Greenfield is a driven, passionate investor, who loves his job. He brings the right temperament for investing, a common-sense investment philosophy, experience over several market cycles, and constant focus on the long-term. He relentlessly researches existing and new investments. Our firm is completely independent. We are not selling you products or earning commissions from other firms. You deal directly with the portfolio manager, rather than a stockbroker or an advisor, and your portfolio will be tailored to your specific situation. We have a robust and simple operating structure, with clients at the centre of all decisions.