Who We Are

Partnering For Your Financial Success

Since 2002 we have been serving our Canadian and international clients as an independent asset manager. We implement, continually monitor and update fully custom-made investment strategies for our clients based on their needs, goals, and specific requirements.

As an independent asset manager we offer unbiased portfolio management and advice without the constraints of large, “industrial asset managers” that sell ‘biased’ products. With our extensive know-how, we develop individual and appropriate solutions together with our clients with a focus on direct investment ownership. Our long-term thinking and astute investment approach has allowed us to help our clients prosper for years, building wealth for themselves, their families and estates.

Our investment team has over 45 years of investment and financial market expertise in Canada and around the world. We achieve success for our clients by focusing on above average investment returns while minimizing risk and preserving capital.

Trust, Integrity and Independence.

What We Do

Discretionary Portfolio Management:

We implement individual investment strategies to provide for the client’s objectives and long-term goals.

Our portfolio management services are based on the following principles:

  • Fully custom-made investment strategies
  • Diversified investment approach
  • Continuous portfolio supervision and risk management
  • Excellence in service with direct access to portfolio managers


We maximize our clients’ investment performance through:

  • Optimizing asset allocation strategies
  • Focus on direct investments and cost efficient instruments to avoid multiple fee layers
  • Minimize portfolio turnover to reduce transactions costs


Long Term Planning

We leverage our extensive professional network to offer our clients a suite of planning services including:

  • Estate planning
  • Tax planning
  • Succession planning
  • Foundations and trusts


Canadian Regulatory Update – June 2021

The Ontario Securities Commission and its counter parties have completed a consultation process which continues its focus on Investor Protection for clients. This initiative, “Client Focussed Reforms”, has introduced a number of regulatory changes that require improved transparency to clients on material conflicts of interest disclosures (relationship information disclosures) by investment managers, brokers, dealers, banks, and other investing entities.

The reforms are based on the fundamental concept that clients’ interests come first in their dealings with firms and individuals that are registered to give investment advice and trade in securities. They also require that registrants address material conflicts of interest in the best interest of their clients. Firminvest Asset Management Canada Inc. (FAMCI) and all its investing operations are already in conformance with the proposed changes. As a fiduciary, FAMCI has well-established policies and procedures to put our clients’ interests ahead of FAMCI and its employees’ interests. Client KYC (Know Your Client) information, suitability, and risk profile information are always considered prior to any investment being made on our clients’ behalf. In all situations, FAMCI’s policy is to avoid conflicts in the first place. In the event a situation arises where a real or perceived conflict is identified, the Chief Compliance Officer will immediately review the situation and take the necessary actions to address the conflict to the benefit of our Clients.

If you would like additional information on this important subject and how FAMCI approaches potential or real conflicts of interest, please do not hesitate to contact us.

firm invest canada

Our Know-how

Take advantage of our various backgrounds with over 45 years of know how.

Independent asset management. Experience on your side.

David Ratcliffe

President and Managing Partner, B.Sc, MBA, CFA

David Ratcliffe is a portfolio manager with over 30 years experience in the financial sector including 25 years experience as a portfolio manager.  He has worked as a portfolio manager at Swiss Bank Corp. Canada (now UBS Canada) where he ran the portfolio management division, Darier Hentsch Canada, and for the past 16 years at Hottinger Asset Management Canada where he is president and owner.  

He has a Bachelor of Science degree along with a Masters of Business Administration from the Ivey School of Business (University of Western Ontario) and is a Chartered Financial Analyst. Along with his many years of investing in Canadian and US markets he has also spent time working in Europe giving him a broad base of exposure to North American and European markets.

Ulysse O. Traub

Associate Advising Representative

Ulysse started his financial career over 30 years ago as a bond trader at Swiss Exchange. Thereafter, he joined the institutional asset management group for Pictet and Bank Leu in Zurich and Geneva, where he managed balanced, fixed income and equity mandates for institutional investors and pension funds. In 1998 he joined Schroders, where he was responsible for managing discretionary mandates for international high-net-worth clients. From 2011 until 2017 he worked as Senior Investment Manager at Stonehage Fleming in Zurich before joining the investment boutique Firminvest Ltd as a Partner. In 2018 he became registered in Canada with Firminvest Asset Management Canada Inc.

He graduated with an Executive Master Degree in Financial Consulting from the University of Applied Sciences in St. Gall, is a Chartered Market Technician (CMT) chart holder since 1999. In 2005 he qualified as a Certified Financial Planner (CFP ®). He is fluent in German, French and English.

Contact us

FirmInvest Asset Management Canada is 100% employee owned and is registered with the Ontario, Quebec and British Columbia securities commissions.

    FirmInvest Asset Management Canada Inc.
    Suite 1402
    141 Adelaide Street West
    Toronto, Ontario
    Canada M5H 3L5

    Phone (416) 777-0123
    Fax (416) 777-0308