FOR IMMEDIATE RELEASE
The RaeLipskie Partnership Reaches $1 Billion in Assets under Management with the acquisition of FI Capital Ltd.
WATERLOO, ONTARIO – May 4, 2016 – Rae & Lipskie Investment Counsel Inc. (operating as The RaeLipskie Partnership) is pleased to announce the acquisition of FI Capital Ltd., former subsidiary of FaithLife Financial in Waterloo, Ontario. With this acquisition, The RaeLipskie Partnership provides discretionary “fee-only” portfolio management for $1 billion of assets on behalf of institutional and private (retail) clients across Canada.
Founded in 1989, and with 24 employees in offices in Waterloo and Burlington, The RaeLipskie Partnership customizes portfolios of stocks and fixed income securities to meet clients’ varying financial goals.
As one of the largest independent investment management firms in Canada, The RaeLipskie Partnership acts as the money manager for a wide variety of clients including individuals, families, corporations, and not-for-profit organizations including charities, endowments, foundations and faith based organizations.
Brian Lipskie, President and COO of Rae & Lipskie says, “We are very pleased to be acquiring FI Capital Ltd. We appreciate their strong history of serving clients and delivering solid investment returns, which are also the hallmarks of Rae & Lipskie. Together, the two companies will be able to offer stronger and more diversified investment choices and continue to provide exceptional service to FI Capital and Rae & Lipskie’s valued clients. We believe the depth and experience of our combined portfolio management and administrative team will benefit them all.”
FaithLife Financial CEO, Karen Bjerland says, “FaithLife Financial is pleased that Rae & Lipskie will continue to provide the level of service FI Capital clients deserve and have come to expect. Rae & Lipskie is in sound financial condition and has developed a positive reputation as a reliable, service-oriented portfolio manager since opening its doors in 1989. The firm serves both retail and institutional clients, including religious and charitable organizations.”
The RaeLipskie Partnership’s value proposition is similar to that of FI Capital’s with a focus on providing the type and level of service that FI Capital clients have come to expect:
- A service-oriented approach that takes the time to do a thorough needs analysis and then designs a portfolio that meets the needs of the client.
- A total focus on managing clients’ investments and meeting their objectives.
The RaeLipskie Partnership’s people all understand they have a fiduciary duty to always act in the best interests of the firm’s clients.
At The RaeLipskie Partnership, CLIENTS ALWAYS COME FIRST.
For any questions regarding The RaeLipskie Partnership, please contact Jim Harper, Director of Marketing and Client Development, or Sheila Yendt, Manager, Marketing and Client Care, at 519 578 6849 or visit our website at www.raelipskie.com.