About
Leadership
Portfolio Management Process
Investment Process
Insights
About

Our mission is to deliver a combination of performance and individual service excellence. We will ensure that each of our clients feels that they have been listened to, has a portfolio encompassing their specific requirements, and experiences performance and service above expectations. The pursuit of performance is not solely measured by capital appreciation. It is qualified by the amount of risk that is required and whether it is consistent with our clients’ tolerances and investment objectives.

About
Overview
Our Vision & Mission
Business Principles
How We Differ
Our Clients
Leadership

Our most significant asset is our people. We are committed to maintaining a culture of creativity, integrity and strong business principles. In a service business, we know that without the best people, we cannot be the most influential wealth management firm.

Leadership
Board of Directors of Cumberland Partners Limited
Management Committee
Investment Management and Research
Portfolio and Client Management
Portfolio Management Process

In simple terms, we are in the business of growing and protecting our clients’ wealth, which means avoiding playing the performance game with its associated risks. We are also committed to providing each client with comprehensive, essential advice.

Portfolio Management Process
Portfolio Management Philosophy
Portfolio Management Process
Investment Process

Our primary goal is to protect and grow the wealth of our clients over time. Our focus on disciplined, fundamental investment research built on a philosophy of value and active risk management is the cornerstone of our approach.

Investment Process
Investment Philosophy
Investment Management Process
Insights

We are constantly developing new insights into the global economy, the current state of the world economies, insights on key issues and impacts on financial markets and for investments. Our goal is to help our clients realize their objectives.

Insights
Chairman’s Commentaries
Strategy Reviews
Investment Insights
Leadership

Portfolio and Client Management

Gerald R. Connor
Chairman and Chief Executive Officer

Mr. Connor has been Chairman and Chief Executive Officer of Cumberland since founding the firm, together with three partners, in 1997. He is responsible for the firm’s overall investment policy, its operations and its strategic direction. He also has responsibility for managing a significant base of clients to which he brings over 40 years of investment experience. Prior to Cumberland, Mr. Connor was a founding partner of Connor, Clark & Company, Connor Clark & Lunn, and 20/20 Investment Management, which collectively managed over $16 billion for high-net-worth clients, pension plans and mutual funds. Before that, he managed discretionary funds at Baker Weeks of Canada and headed the Canadian operations of Francis I. DuPont and Co. Mr. Connor was a director of the Sunnybrook Health Sciences Foundation in Toronto for 14 years, and director of Sunnybrook Health Sciences Centre for 2 years.
Bruce R. Jackson CFA
President and Chief Operating Officer

Mr. Jackson is President of Cumberland, and is responsible for guiding the strategic direction of the firm. Day to day, he has a focus on investment research, portfolio management and client service. Prior to Cumberland, he was a founder and Managing Director of Barrantagh Investment Management Inc. Prior to that; he was one of the founding partners of Griffiths, McBurney & Partners; and Goepel Shields and Partners. He began his career as a research analyst at Wood Gundy. Mr. Jackson brings over 24 years of experience in the investment industry, in capital markets and wealth management for institutions, trusts, foundations, family offices and entrepreneurs in Canada, the United States, and Europe. He is affiliated with the non-profit National Ballet of Canada, Canada’s premier dance company. Mr. Jackson is a director and shareholder of Cumberland Partners Limited, the firm’s parent company.
Alexandra von Schroeter MBA, CFA
Head of Client Portfolio Management, Marketing and New Business, and Portfolio Manager

Ms. von Schroeter is Head of the Client Portfolio Management Group at Cumberland, which consists of 12 Portfolio Managers and investment professionals who have responsibility for delivering Cumberland’s investment mandates to clients. In addition, she has responsibility for the firm’s marketing and new business development initiatives. Since 1999, when she joined Cumberland, Ms. von Schroeter has been managing investment portfolios for a significant base of affluent individuals and families. Prior to Cumberland, Ms. von Schroeter held senior positions at CIBC World Markets and Wood Gundy in Toronto and New York, and Bank of Montreal in Toronto. She brings over 23 years of experience in the investment industry, in capital markets and wealth management, and is affiliated with INSEAD, Europe’s leading international business school, as a trustee for the INSEAD Alumni Fund. Ms. von Schroeter is a director and a shareholder of Cumberland Partners Limited, the firm’s parent company.
John S. Budd FCA
Portfolio Manager

Mr. Budd has been a Portfolio Manager at Cumberland since 2000. He is responsible for managing investment portfolios, on a discretionary basis, for a clientele of affluent individuals, holding companies, trusts, estates and charitable foundations, located in Canada, Bermuda, and Europe. Prior to Cumberland, Mr. Budd was a senior tax partner with Deloitte & Touche, where he served as the national leader of Estate Planning, and spearheaded the development of a national program to help family business owners with strategic planning and succession. He has published numerous articles on investment, tax, and financial planning matters and co-authored The Canadian Guide to Will & Estate Planning in 2001. In 1991, Mr. Budd was named a Fellow of the Institute of Chartered Accountants of Ontario in recognition of his contribution to the CA profession. Mr. Budd is a director and shareholder of Cumberland Partners Limited, the firm’s parent company.
Greg Cassidy BAS, CFA
Portfolio Manager

Mr. Cassidy has been a Portfolio Manager at Cumberland since 1998. His current focus is on the management of investment portfolios for a significant base of clients, and on new business development. Prior to Cumberland, he was a Portfolio Manager at CIBC Trust. Mr. Cassidy brings over 22 years of experience in the investment industry, with extensive experience working with high net worth individuals and families, their trusts and holding companies. He is a shareholder of Cumberland Partners Limited, the firm’s parent company.
Gino Ciavarella

Having joined Cumberland in 2004, Mr. Ciavarella is a seasoned financial industry professional with more than 18 years experience. Prior to Cumberland, Mr. Ciavarella held senior positions with several of Canada’s leading investment dealers and investment management firms. Today, Mr. Ciavarella brings his long experience, solid investment knowledge and a highly responsive client management style to serving our clients’ interests.
Mark Hawman LLB, CFA, CFP
Portfolio Manager

Mr. Hawman has been a Portfolio Manager at Cumberland since 2006. He is responsible for portfolio management and business development. Prior to Cumberland, he spent 9 years at Scotia Cassels Investment Counsel and its predecessor National Trust, and was responsible for managing client portfolios, and estate and trust administration, respectively. He is a member of the Estate Planning Council of Toronto, the Toronto CFA Society and the CD Howe Institute.
Barry Haywood
Portfolio Manager

Mr. Haywood joined Cumberland in 1998. He has been a member of the Toronto investment community since he joined Dominion Securities in 1963. In 1969, he co-founded McEwen Securities and continued there as the member seat holder until joining Connor Clark in 1984. Mr. Haywood is a shareholder of Cumberland Partners Limited, the firm’s parent company.
Scott Luik CFA
Portfolio Manager

Mr. Luik has been a Portfolio Manager at Cumberland since 2003, with a focus on the management of investment portfolios, on a discretionary basis, for a significant base of clients, and on business development. Prior to Cumberland, Mr. Luik was an Investment Counselor and Portfolio Manager with AGF Private Investment Management, and a Portfolio Manager with TD Trust. He began his investment career at TD Asset Management in 1995. Mr. Luik is a shareholder of Cumberland Partners Limited, the firm’s parent company.
Christie Matwee MSc, MBA, CFA
Portfolio Manager

Ms. Matwee is a Portfolio Manager at Cumberland, responsible for overseeing the management of discretionary investment portfolios for clients, along with new business development. Prior to Cumberland, Ms. Matwee was Vice President, Investment Banking at Morgan Stanley in New York where she provided M&A and financing advice to healthcare companies. Prior to that, she worked in Venture Capital and Private Equity at the Ontario Teachers’ Pension Plan. She also worked in the equity research group at Merrill Lynch Canada.
Erin O’Brien MSc., CFA
Portfolio Manager

Ms. O’Brien has been a Portfolio Manager at Cumberland since 2004. She is responsible for managing investment portfolios on a discretionary basis for a clientele of affluent individuals, holding companies, trusts, estates and charitable foundations, in Canada and abroad. Prior to Cumberland, Ms. O’Brien was Vice President, Private Capital Management at Laketon Investment Management, Sales and Marketing Manager at HSBC Securities and Equity Analyst at Canaccord Capital. An active community member, Ms. O’Brien is a director of the Hope for Children Foundation, has served as a Board Member of the Canadian Memorial Chiropractic College and has been a Financial Allocations Committee Panel Member for the United Way. Ms. O’Brien is a shareholder of Cumberland Partners Limited, the firm’s parent company.
Bruce Omand MBA, CIM
Portfolio Manager

Mr. Omand has been a Portfolio Manager at Cumberland since 2002. His responsibilities include portfolio management and business development. Mr. Omand manages portfolios for senior executives, entrepreneurs, medical professionals and retirees in Canada as well as overseas, drawing on over 25 years of experience in investment management and research, sales and management. Prior to Cumberland, he was Director of US Equity Sales for ABN Amro, Vice-President of US Equity Sales for Lehman Brothers in London and a senior institutional equity sales specialist for Wood Gundy (now CIBC World Markets), and Vice-President and Chief Representative for Wood Gundy in Tokyo. Mr. Omand is a shareholder of Cumberland Partners Limited, the firm’s parent company.
Barbara Stewart CFA
Portfolio Manager

Mrs. Stewart has been advising high net worth families for over 14 years, maintaining a highly professional approach to building investment strategies that reflect individual client objectives. Her responsibilities include portfolio management and new business development. Prior to Cumberland, Ms. Stewart worked on the institutional foreign currency-trading desk for BMO Nesbitt Burns. She is a shareholder of Cumberland Partners Limited, the firm’s parent company.
Jeff Turk B Econ, FCSI, CFP
Portfolio Manager

Mr. Turk has been a Portfolio Manager at Cumberland since 2000. His responsibilities include portfolio management and business development. Prior to Cumberland, Mr. Turk helped set up the Investment Specialist Group at CIBC Financial Planning Inc. Prior to that, he worked in the money market, bond and derivatives markets trading rooms for TD Securities in Toronto and Vancouver. Overall, he brings close to 30 years of investment industry experience. Mr. Turk is a shareholder of Cumberland Partners Limited, the firm’s parent company.
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