THE TEAM

Pembroke Team

Pembroke 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

Like 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.

• Pembroke International Growth Fund

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.

• Pembroke Corporate Bond Fund
• Pembroke Canadian Bond Fund

Board of Directors of Pembroke Management

Management Committee members

Asset Allocation Committee

The Committee provides asset allocation advice, sets related guidelines and review decisions that have been made in several multi-asset class strategies managed by Pembroke. Those strategies include the Global Balanced Strategy, the Canadian Balanced Strategy, the Global Equity Strategy and customized strategies that may be provided to clients of Pembroke’s Private Investment Office. The advice is intended to be strategic in nature rather than tactical.

• A. Ian Aitken, M.-S.-C., CFA, is Managing Partner, Director and Portfolio Manager at Pembroke Management, and President, Chief Executive Officer, at Pembroke Private Wealth Management. He joined the firm in 1987 and is based in Montreal. Learn More.
• Joshua Ghoddoussi, CFA, is an Investment Analyst at Pembroke Management. He joined the firm in 2013 and is based in Montreal. Learn More.
• Caroline S. Miller, CFA, ICD. D, MBA (Advisor), is a global investment strategist and corporate director. She 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.
• Guthrie Stewart, ICD. D, LL. B., MBA (Advisor), is a corporate director. He was previously Vice Chair of the Investment Committee and Senior Vice President, Global Head of Private Investments at PSP Investments. Guthrie served on the Board of the Pembroke American Growth Fund from 2003 to 2015, first as a director and then as chair.
• A. Scott Taylor, CFA, is Co-founder and Chairman Emeritus of Pembroke Management. He joined the firm in 1968 and is based in Montreal.

Corporate 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.
• Maggie Pagonis, CPA, CGA, is Director of Finance at Pembroke Management. She joined the firm in 2016 and is based in Montreal.

 

Independent Review Committee