Investing is a long-term, people-oriented business, and our goal at Pembroke has been to provide clients with stability and consistency that they can rely on during all market periods.
- PEMBROKE
TEAM - INVESTMENT
MANAGERS - BOARDS, COMMITTEES,
AUDITORS, LEGAL
Pembroke Team
Joined: 2022
Location: Montreal
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Joined: 2005
Location: Montreal
Board member of the Tyndale St. George’s Foundation.
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Joined: 2021
Location: Montreal
Member of the Pembroke Management Committee.
Treasurer of the Westmount Soccer Club
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Joined: 2020
Location: Montreal
Joined: 2013
Location: Montreal
Member of the Pembroke Management Committee.
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Joined: 1997
Location: Montreal
Member of the Pembroke Management Committee
Director of the Ste-Justine University Hospital Center and the Jeunes en Tête Foundation.
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Joined: 2019
Location: Montreal
Joined: 2018
Location: Montreal
Dominic is a Portfolio Manager, Private Wealth with overall responsibility for investor relations in Canada.
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Joined: 2005
Location: Montreal
Joined: 2022
Location: Montreal
Joined: 2023
Location: Montreal
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Joined: 2005
Location: Montreal
Governor, Fondation Communautaire Canadienne-Italienne du Québec.
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Joined: 2023
Location: Toronto
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Joined: 2021
Location: Montreal
Joined: 2016
Location: Montreal
Joined: 2014
Location: Montreal
Joined: 2000
Location: Vancouver
Mentor and member of the investment committee for Concordia University’s
Applied Investment Programs.
Joined: 1996
Location: Montreal
Joined: 2023
Location: Toronto
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Joined: 2022
Location: Montreal
Joined: 2021
Location: Montreal
Joined: 1988
Location: Montreal
Joined: 1990
Location: Montreal
Joined: 2023
Location: Montreal
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Joined: 2020
Location: Toronto
Member of the Pembroke Management Committee.
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Joined: 2014
Location: Montreal
Joined: 2021
Location: Montreal
Joined: 2003
Location: Montreal
Joined: 1996
Location: Toronto
Joined: 2011
Location: Arizona
Actively involved with the Artists Relief Fund; and dedicated to organizations helping to protect the McDowell Sonoran Preserve in Scottsdale, AZ.
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Joined: 2022
Location: Montreal
Member of the Corporate Governance and Responsible Investing Committee
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Joined: 2007
Location: Montreal
Joined: 2022
Location: Montreal
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Joined: 2020
Location: Toronto
Joined: 2015
Location: Toronto
Member of the Pembroke Management Committee.
Member of Women in Capital Markets.
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Joined: 1968
Location: Montreal
Joined: 2015
Location: Toronto
Member of the Pembroke Management Committee
Member of the Association of Canadian Compliance Professionals
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Joined: 2014
Location: Montreal
Learn MorePembroke Private Wealth Management offers a range of pooled and mutual funds providing exposure to Canadian, US, and international equities, as well as fixed-income securities. The funds are sub-advised by Pembroke Management Ltd., William Blair Investment Management, LLC and Canso Investment Counsel as detailed below.
SUB-ADVISORS
Pembroke Management
Location: Montreal, Quebec
Manager of:
- Pembroke American Growth Fund Inc.
- Pembroke Canadian Growth Fund
- Pembroke Growth and Income Fund
- Pembroke Money Market Fund
- Pembroke Canadian Growth Pooled Fund
- Pembroke U.S Growth Pooled Fund
- Pembroke Dividend Growth Pooled Fund
- Pembroke Global Balanced Fund
- Pembroke Concentrated Fund
Pembroke Management is an independent, Montreal-based investment firm, established in 1968, that specializes in investing in Canadian and US small and mid cap growth companies. We are research-driven, bottom-up investors and maintain high conviction, fully-invested, low turnover portfolios with high active share. Our business and investment philosophy are rooted in the concept of ownership and aligned interests. We have three generations of partners in place and are the largest non-institutional investors in our own mutual and pooled funds. Pembroke Management is the parent company of Pembroke Private Wealth Management.
Pembroke Management Ltd. – Investment Management Team
Joined: 2005
Location: Montreal
Board member of the Tyndale St. George’s Foundation.
Learn MoreJoined: 1997
Location: Montreal
Member of the Pembroke Management Committee
Director of the Ste-Justine University Hospital Center and the Jeunes en Tête Foundation.
Learn MoreJoined: 2005
Location: Montreal
Joined: 2016
Location: Montreal
Joined: 2014
Location: Montreal
Joined: 2000
Location: Vancouver
Mentor and member of the investment committee for Concordia University’s
Applied Investment Programs.
Joined: 2021
Location: Montreal
Joined: 2003
Location: Montreal
Joined: 1968
Location: Montreal
Joined: 2014
Location: Montreal
Learn MoreLike Pembroke, our external managers are 100% employee-owned, research intensive and committed to long-term financial security for our clients. After extensive due diligence, Pembroke aligns with specialists to offer our clients exposure to asset classes that round out our investment solutions. The international equity fund and fixed income funds managed by Pembroke’s sub-advisors allow our clients to create well balanced portfolios tailored to their specific requirements.
William Blair Investment Management, LLC
Located in Chicago, Illinois, William Blair has managed the Pembroke International Growth Fund since 2001. William Blair is a premier global investment firm with expertise in investment banking, investment management, and private wealth management. They provide advisory services, strategies, and solutions to meet their clients’ evolving needs. As an independent and employee-owned firm, they operate in more than 20 offices worldwide. William Blair was founded in 1935 and has always been passionate about the profession of investment management.
Canso Investment Counsel Ltd.
Located in Richmond Hill, Ontario, Canso has managed the Pembroke Canadian Bond Fund since April 2009 and the Pembroke Corporate Bond Fund since January 2009. Recognized as bond portfolio specialists, Canso’s portfolio managers have a strong background in both public and private corporate debt markets. Their disciplined approach and proprietary research allow them to take advantage of investment opportunities and to avoid overpriced investments. They do not depend on external rating agencies and seek to avoid investment fashions or trends. Canso believes that disciplined investment management, applied consistently over long periods, delivers investment success. The company was founded in 1997.
Board of Directors of Pembroke Management
Joined: 2005
Location: Montreal
Board member of the Tyndale St. George’s Foundation.
Learn MoreJoined: 1997
Location: Montreal
Member of the Pembroke Management Committee
Director of the Ste-Justine University Hospital Center and the Jeunes en Tête Foundation.
Learn MoreJoined: 2016
Location: Montreal
Management Committee members
Joined: 2021
Location: Montreal
Member of the Pembroke Management Committee.
Treasurer of the Westmount Soccer Club
Learn MoreJoined: 2013
Location: Montreal
Member of the Pembroke Management Committee.
Learn MoreJoined: 1997
Location: Montreal
Member of the Pembroke Management Committee
Director of the Ste-Justine University Hospital Center and the Jeunes en Tête Foundation.
Learn MoreJoined: 2020
Location: Toronto
Member of the Pembroke Management Committee.
Learn MoreJoined: 2015
Location: Toronto
Member of the Pembroke Management Committee.
Member of Women in Capital Markets.
Learn MoreJoined: 2015
Location: Toronto
Member of the Pembroke Management Committee
Member of the Association of Canadian Compliance Professionals
Learn MoreCorporate Governance and Responsible Investing Committee
Pembroke believes that companies have a responsibility to act in the long-term interests of their stakeholders to maximize value. As investors with a long-time horizon, we recognize the fundamental importance of environmental, social and governance factors. The firm’s Corporate Governance and Responsible Investing Committee is responsible for putting Pembroke’s stewardship beliefs into practice. The committee includes members from each of the three operating groups and reports directly to Pembroke’s managing partner.
- Andrew Bolton, MBA, CFA, is Vice President, Client Services & Business Development, at Pembroke Management. He joined the firm in 2021 and is based in Montreal.
- Andrew Garschagen, MBA, is a Partner and Portfolio Manager at Pembroke Management Ltd. He joined the firm in 2016 and is based in Montreal. Learn More.
Independent Review Committee
The Independent Review Committees (IRC) is an independent body whose role is to oversee all decisions involving an actual or perceived conflict of interest faced by Pembroke Private Wealth Management in the operation of the mutual funds that the firm offers. The three members of the IRC are:
- Peter M. Blaikie, QC, is a Corporate Director. Mr. Blaikie was the co-founder and a partner at the law firm of Heenan Blaikie LLP from 1973 to 2014. He also served as President of Unican Security Systems between 1993 and 1998 and as a Director of The Pembroke American Growth Fund between 1997 and 2008.
- Marc A. Courtois, MBA, is a Corporate Director. Mr. Courtois held various positions at RBC Capital Markets, including Managing Director between 1980 to 2001. He joined the board of The Pembroke American Growth Fund during 2004 and has served as Chairman since 2015.
- Glen D. Roane, MBA, ICD.D, is a Corporate Director. Mr. Roane was Managing Director and Founding Partner of Lancaster Financial Inc. between 1986 and 1994. He joined the board of The Pembroke American Growth Fund during 2008.
Directors of the Pembroke American Growth Fund Inc.
Unlike most mutual funds that are mutual fund trusts, The Pembroke American Growth Fund is a mutual fund corporation. As such, the Fund has a Board of Directors. The five members of the Board of Directors are:
- A. Ian Aitken, M.S.C., CFA is the President and Chief Executive Officer of Pembroke Private Wealth Management and Managing Partner of Pembroke Management. He joined Pembroke Management in 1987 and has served as President of The Pembroke American Growth Fund since 2007 and as a Director since 2009.
- Caroline S. Miller, CFA, ICD.D, MBA, was Senior Vice President, Managing Editor and Global Macro Strategist at BCA Research from 2012 to 2020. She joined the board of the Pembroke American Growth Fund during 2019.
- Glen D. Roane, MBA, ICD.D, is a Corporate Director. Mr. Roane was Managing Director and Founding Partner of Lancaster Financial Inc. between 1986 and 1994. He joined the board of The Pembroke American Growth Fund during 2008.
- Lloyd M. Segal, MBA, is a serial entrepreneur and corporate director. Mr. Segal served as a management consultant at McKinsey & Co. between 1992 and 1996 before leading several successful companies. He joined the board of The Pembroke American Growth Fund during 2006.
Auditors
- Deloitte LLP
Legal
- Lavery, de Billy
- Torys LLP
Custodial Services for Mutual & Pooled Funds
- RBC Investor Services Trust
Unitholder Accounting
- L&T Infotech Financial Services Technologies Inc.
Policy, Compliance & Registration
Policy Documents
- Proxy Voting Guidelines for Pembroke Management Ltd.
- Pembroke Responsible Investment Policy
- Privacy Policy
Compliance
Pembroke Management Ltd. is an independent, Montreal-based investment firm, that specializes in US-Canadian small & medium capitalization growth companies. Pembroke treats compliance as a core value.
Pembroke Management Ltd. claims compliance with the CFA Institute Asset Manager Code, a voluntary code of conduct and commitment to commonly held ethical principles.
Pembroke Management Ltd. uses the CFA Institute’s Code of Ethics as a guide to set out specific standards of professional conduct. All employees are required to uphold the spirit of this document and confirm their understanding and acceptance of it on an annual basis.
Pembroke Management Ltd. claims compliance with the Global Investment Performance Standards (GIPS®). Prospective clients can obtain a compliant presentation and/or the firm’s list of composite descriptions by contacting Pembroke Management Ltd. through the following representatives:
- Seth Rosenberg
514 848-1991
srosenberg@pml.ca
- Dominic Costantini
514 448-5218
dcostantini@pml.ca
Registration
Canada
Pembroke Management Ltd. is incorporated under the Federal laws of Canada.
Registered in Quebec, Ontario, Alberta, British Columbia and Manitoba as a Portfolio Manager.
United States
Pembroke Management Ltd. is registered as an Investment Advisor with the Securities and Exchange Commission (SEC), CRD Number 155405.
Click here to view Pembroke’s ADV Part 2A brochure filed with the SEC.
Denmark
Pembroke Management Ltd. is registered as an Investment Advisor with the Danish Financial Supervisory Authority.
