Our Team

The firm is wholly owned by its four principals. We feel employee ownership fosters a culture of entrepreneurship and a focus on clients’ needs.

In 1995, after a career as a top-ranked analyst for several leading institutional brokerage firms, Rob Richards established a high-quality, discretionary investment advisory service through the auspices of a major Canadian investment dealer. In 1999, the business was spun off to its employees and became an autonomous investment counselor. In the years from 1999 to 2007, the board of the firm was chaired by Dr. Michael Graham.

Rupel Ruparelia joined the firm in 1996. His background in mutual fund administration, equity trading, and research was ideally suited to this partnership.

Richard Tattersall came on board in 2001, bringing his experience as a portfolio manager and his extensive background in corporate finance and credit analysis.

Dennis Ly joined the firm in early 2016 after seven years in various roles at a large financial services company.

Robert F. Richards, BA, MBA, CFA

Chairman

Chairman of Heathbridge Capital Management Ltd., Rob has more than 50 years experience in the investment industry. The first twenty were spent as a top-ranked research analyst, starting in 1970 with Harris and Partners, later absorbed by Dominion Securities. He was a founding partner in McLean McCarthy, a specialty research investment dealer serving the institutional market. This company was taken over by the Deutsche Bank in 1988. He became manager of equity sales and then portfolio manager. For the past thirty-five years, Rob has managed portfolios in accordance with an investment discipline distilled from his decades of observing markets and the portfolio techniques of the most prominent money managers in North America. Through Heathbridge Capital Management Ltd. and its predecessor businesses, he has been implementing the Checkmark Investing™ discipline for its current client base since 1996.

Rob was born and raised in Winnipeg and took his B.A at the University of Manitoba. He received his MBA from the Ivey School of Business at the University of Western Ontario in 1970. He earned his CFA accreditation in 1976.

Rob is married to Penny and has two daughters, Jayne and Kate, and three grandchildren. He serves on the board of Fighting Blindness in Canada and is an active fundraiser, currently for causes related to learning disabilities.

Rupel M. Ruparelia, BA, CFA

President

Rupel has been in the investment industry since 1994. He started in the mutual fund client service of Richardson Greenshields. Rupel joined Rob Richards in early 1996 as Trader and Research Associate.

Rupel graduated from Queen’s University in 1993 with a B.A. in economics. He has completed various industry courses, including the Ivey Executive Program at the University of Western Ontario, and the CFA program in 1999.

Rupel is married to Marcy and has two children.

Richard M. Tattersall, BComm, CFA

Senior Vice-President

Richard first started in the investment industry in the summers of 1986 through 1988 in equity research at Merrill Lynch Canada. He worked for ten years in Citibank Canada’s corporate finance division as a financial analyst and a global relationship manager. In 1993, he initiated coverage of Canadian money managers with an industry study. He was the architect of several mergers and acquisitions of fund managers, working closely with leading industry players.

Pursuing his ambition to become a portfolio manager, Richard joined MD Management in 1999 to manage portfolios and mutual funds for doctors as well as pension funds. He met Rob and Rupel at a number of investment conferences. He was impressed with the Checkmark Investing™ discipline and Heathbridge’s unique method of customizing clients’ portfolios. Heathbridge Capital Management Ltd. welcomed him as a Portfolio Manager in early 2001.

Richard grew up in Toronto and graduated in 1989 with a Bachelor of Commerce from McGill University. He earned his CFA accreditation in 1993.

Richard is married to Alessandra and has three sons. He is an active fundraiser and sports coach.

Dennis Ly, BA, CFP, CFA

Research, Financial Planning

Dennis began his career in the investment industry as a Financial Advisor with Edward Jones. There were many opportunities during his seven-year tenure that allowed him to further his development. In his last role, he was responsible for training Financial Advisors
across Canada.

Dennis was born and raised in the Greater Toronto Area. He graduated from the University of Waterloo in 2009 with Honours in Economics and Business. He has earned the CFP designation and is a CFA charterholder.

After learning about the Checkmark Investing™ discipline and the firm’s passion to help families with their finances, Dennis joined Heathbridge in 2016. He is a member of the portfolio management team and was welcomed as a Principal in 2019.

Dennis and his partner Lucy currently reside in Toronto. He is an avid sports fan and participant.

Portfolio Management Team

Robert Richards, CFA
Portfolio Manager & Analyst

Rupel Ruparelia, CFA
Portfolio Manager & Analyst

Richard Tattersall, CFA
Portfolio Manager & Analyst

Dennis Ly, CFP, CFA
Research / Financial Planning

Danielle Brown, CFP, CFA
Financial Planning

Antonii Cisneros, CFA
Trading

Operation and Administration Team

Sergio Di Vito
Vice President, Operations

Sheila Rody
Office Administrator

Janine Birt
Client Reporting

Rose Minasi
Client Support

Susana Martinez
Client Support

Eileen Firth
Client Support