GUARDIAN CAPITAL LP

Guardian Capital is a private investment management company based out of Toronto. The company was established by Norman Short, Ralph Horner and Alan Grieve in 1962 as Guardian Management Ltd. The company had its IPO in 1969 on the Toronto Stock Exchange and would change its name to Guardian Capital Group Limited in 1973. Guardian Capital would continue to grow, acquiring Ruggles & Crysdale in 1985 and establishing Guardian Group of Funds (GGOF) Ltd in 1986 to provide open ended mutual fund services. The company would then acquire Fiscal Consultants in 1987, creating a spinoff company Guardian Capital Inc. from the investment management division in the same year. Guardian Capital continued to grow, spinning off companies such as Alexandria Bancorp in 1990 and establishing its private wealth services business under Guardian Global Bancorp in 1992. In 2004, Guardian Capital Inc. would be renamed and restructured to form the current Guardian Capital LP. Guardian Capital LP conducts its research internally, utilizing both bottom up and top down methodologies with a fundamental analysis. The company invests in fixed income and public equity markets on a global scale, emphasizing an investment focus in Canada. Guardian Capital invests most heavily in the finance sector, which alone makes up a third of its total asset allocations, and also invests in the energy, consumer discretionary, materials, information technology, and utilities and telecommunications sectors, among others to a lesser degree, in order of decreasing allocation. The company currently has 62 employees with 25 investment professionals and holds almost $20 billion in total assets under management spread across 367 accounts with all by 91 of the accounts being discretionary, making up a minority $2.1 billion of its assets. Guardian Capital mainly caters to pension and profit sharing plans, which alone makes up almost half of its client base, and also provides services to a variety of other clientele. Its line of mutual funds currently includes its Balanced Income, Growth Equity, and Short Duration Bond funds, among many others.