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: 1987
Location: Montreal
Member of the Pembroke Management Committee
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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
Member of the Wealth Service Team
Joined: 2013
Location: Montreal
Member of the Pembroke Management Committee.
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Joined: 1997
Location: Montreal
Member of the Pembroke Management Committee
President of the Hermitage Club and Director of the Eric T. Webster Foundation
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Joined: 2019
Location: Montreal
Joined: 2024
Location: Montreal
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Joined: 2018
Location: Montreal
Dominic is a Partner and Portfolio Manager, Private Wealth with overall responsibility for investor relations in Canada.
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Joined: 2005
Location: Montreal
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Joined: 2021
Location: Montreal
Joined: 2016
Location: Montreal
Joined: 2014
Location: Montreal
Joined: 2025
Location: Montreal
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Joined: 2000
Location: Vancouver
Investment Committee Member – Van Berkom Investment Management Program at Concordia University
Research Mentor – University of British Columbia Portfolio Management Foundation
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Joined: 1996
Location: Montreal
Joined: 2025
Location: Toronto
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Joined: 2023
Location: Toronto
Member of the Wealth Service Team
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Joined: 2022
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 : 2024
Location : Montreal
Joined: 2021
Location: Montreal
Member of the Wealth Service Team
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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
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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: 2025
Location: Montreal
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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. and Canso Investment Counsel as detailed below.
SUB-ADVISORS
Pembroke Management
Location: Montreal, Quebec
Manager of:
- Pembroke Money Market Fund
- Pembroke Canadian Balanced Fund
- Pembroke Global Balanced Fund
- Pembroke Canadian All Cap Fund
- Pembroke Canadian Growth Fund
- Pembroke American Growth Fund Inc.
- Pembroke Concentrated Fund
- Pembroke Dividend Growth 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: 1987
Location: Montreal
Member of the Pembroke Management Committee
Learn MoreJoined: 2005
Location: Montreal
Board member of the Tyndale St. George’s Foundation.
Learn MoreJoined: 1997
Location: Montreal
Member of the Pembroke Management Committee
President of the Hermitage Club and Director of the Eric T. Webster Foundation
Learn MoreJoined: 2024
Location: Montreal
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Joined: 2005
Location: Montreal
Learn MoreJoined: 2016
Location: Montreal
Joined: 2014
Location: Montreal
Joined: 2000
Location: Vancouver
Investment Committee Member – Van Berkom Investment Management Program at Concordia University
Research Mentor – University of British Columbia Portfolio Management Foundation
Learn MoreJoined: 2023
Location: Montreal
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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.
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: 1987
Location: Montreal
Member of the Pembroke Management Committee
Learn MoreJoined: 2005
Location: Montreal
Board member of the Tyndale St. George’s Foundation.
Learn MoreJoined: 1997
Location: Montreal
Member of the Pembroke Management Committee
President of the Hermitage Club and Director of the Eric T. Webster Foundation
Learn MoreJoined: 2016
Location: Montreal
Management Committee members
Joined: 1987
Location: Montreal
Member of the Pembroke Management Committee
Learn MoreJoined: 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
President of the Hermitage Club and Director of the Eric T. Webster 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. To learn more.
- Doug Pospisil, CFA, is a Partner and Portfolio Manager at Pembroke Management. He joined the firm in 2003 and is based in Montreal. To learn more.
- Drew Sutherland, CIM®, is a Vice President at Pembroke Private Wealth Management. He joined the firm in 2020 and is based in Toronto. To 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:
- 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.
- Christine Décarie
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 Vice Chair of Pembroke Management. He joined Pembroke Management in 1987 and has served as a Director since 2009.
- J. Matthew Beckerleg, MBA is a Partner and Portfolio Manager. He joined Pembroke in 2005 and covers the Information Technology and Healthcare sectors.
- Jeffrey S.D. Tory, CFA, is the Chair of Pembroke Management. He joined Pembroke in 1987 and has been a passionate supporter of entrepreneurial growth companies for almost 40 years.
- T. John Quinn, MBA, CIM®, is a Partner at Pembroke Private Wealth Management. He joined Pembroke in 1996 and is responsible for managing the Toronto office.
- Dominic M. Costantini, is a Partner and Portfolio Manager, Private Wealth with overall responsibility for investor relations in Canada.
Pembroke American Officers
- J. Matthew Berckerleg, MBA, President and CEO
- Anthony Calzetta, CPA, CA, Vice-President, Finance
- Isabelle Malka, CPA, Secretary – Treasurer
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.
