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About

With a history dating back more than 90 years, we are one of Canada’s original independent investment counselling firms. With a tailor-made approach to portfolio management, our focus is to protect our clients’ capital and grow it intelligently.

Cardinal Point Wealth Management

Independent Investment Counsel

Dorchester Wealth Management operated as an independent investment counsel since its founding in 1928. In 2015, we joined Focus Financial Partners, a leading partnership of international independent wealth management firms.  On March 1, 2025, we joined fellow Focus Financial Partners Inc network firm, Cardinal Point, Focus Partners Canada.  Our firm does not act as a broker or custodian. 

This independence enables us to take an unbiased approach to investment opportunities so that all portfolios are professionally managed according to the objectives of our clients.

 

Registered Portfolio Managers

Providing investment counsel to clients across North America and overseas

With offices in Montreal, Toronto, Calgary and Scottsdale Arizona, we provide investment counsel to clients across North America and overseas.

Cardinal Point is registered as Portfolio Managers with l’Autorité des marchés financiers du Québec and the Securities Commissions of ON, MB, SK, NS, NB, AB, BC, PEI, NL. We are also registered with the Securities and Exchange Commission in the United States (as Registered Investment Adviser).

Dorchester Wealth Management was a member firm of the Portfolio Management Association of Canada

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Cardinal Point Team

The market value of assets currently under management is above $5.1 billion CAD. Our professionals have multifaceted roles within the firm on both the investment side and in client service, allowing for more knowledgeable and robust access to information for our clients.

These professionals are involved in all primary investment research, quantitative and technical analysis, and the screening of sell-side research while ensuring all client needs are addressed in a timely and professional fashion.

Together, we are a progressive team of over 50 professionals with more than

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years of cumulative investment management experience.

Together, we are a progressive team of over 50 professionals with more than

 

0

years of cumulative investment management experience.

Investment Professionals

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Robert Bard, CFA

President, Wealth Management, Montreal Operations

Robert Bard is President of Wealth Management, Montreal Operations at Cardinal Point. Robert is a leader in high-net-worth investment management. As President of Dorchester Wealth Management, a predecessor of Cardinal Point, he was instrumental in establishing the firm’s reputation for delivering quality wealth management solutions to a high-net-worth clientele. Under Robert’s leadership, the firm navigated market shifts and achieved strong organic growth to bring assets under management above $2.0 billion before merging with Cardinal Point. 

 

Robert began his investment career at RBC Dominion Securities in the private wealth management division. He then joined Magna Vista Capital Management, where he played a key role in security analysis, portfolio management, and working with clients. As a Partner of the firm prior to its sale to AGF Management in 2000, Robert continued as a pivotal member of the investment team, advancing to Managing Director in 2005. He joined Dorchester as a Partner in 2009, later becoming majority owner and leading as Managing Partner and ultimately President. During his tenure, he also served as the firm’s Ultimate Designated Person—a critical regulatory designation. 

 

In 2015, under Robert’s leadership, Dorchester became the first Canadian partner firm of Focus Financial Partners, a strategic initiative that provided valuable insights into best practices across multiple investment management firms and geographies (including exposure to the rest of the Cardinal Point team when they joined in 2021). 

 

In March 2025, Robert recognized a unique opportunity to merge with Cardinal Point, another Focus Financial Partners-affiliated firm, and lead the next chapter for his team and clients.  The merger reflects his commitment to integrating innovative strategies with time-tested investment principles—ensuring a comprehensive, client-focused approach that continually raises standards.  With an expanded investment and planning offering from two unified firms, Robert and his team are now ideally positioned to deliver an enhanced suite of tailored solutions that address the evolving financial needs of our individual clients and their families.  

 

Robert earned a BA in Administrative and Commercial Studies from Western University (formerly the University of Western Ontario) in 1992. He is a Certified Investment Manager (CIM), a Fellow of the Canadian Securities Institute (FCSI), and holds the Chartered Financial Analyst (CFA) designation. 

 

Beyond his professional achievements, Robert serves—and has served—as a senior executive and board member for several non-profit organizations. He is an active member of YPO (Young President’s Organization) and YPO Gold, having held roles such as Assistant Learning Officer, Learning Officer, and Chairman for the Quebec Chapter. 

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Isabelle H. Wehrli, MBA

Portfolio Manager & Senior Director of Montreal Operations

Isabelle Wehrli joined Lank, Roberton, Macaulay after earning an MBA from Concordia University. The firm later merged with Hodson, Roberton, Laing, & Co. to form Dorchester, a Cardinal Point predecessor firm, where Isabelle became a Partner in 1992. She played a key role in the merger, integrating operations and implementing innovative systems and technologies.

 

Throughout her career at Dorchester Wealth Management, Isabelle has been pivotal in various key areas, including research, portfolio management, operations, and compliance. She has also served as the firm’s Chief Compliance Officer and Privacy Officer. Following the establishment of Dorchester’s partnership with Focus Financial in 2015, Isabelle was instrumental in the firm’s achievements in portfolio management, finance, and operations, being part of reaching significant milestones such as $2.0 billion in assets under management.

 

Isabelle’s current focus at Cardinal Point is on delivering excellence in portfolio management to all clients and ensuring a smooth transition for Dorchester’s legacy operations.

 

In addition to her professional accomplishments, Isabelle has made significant contributions to the community. She is a past president of l’École Complémentaire Suisse de Montréal and a past president of Royal West Academy H&S, where she demonstrated her leadership and commitment to education and community service.

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Eric Gibouleau, CFA

Senior Director of Active Strategies and Portfolio Manager

Eric Gibouleau is the Senior Director of Active Strategies and a Portfolio Manager at Cardinal Point. Eric joined Dorchester Wealth Management – a predecessor of Cardinal Point – as a Portfolio Manager in 2009. Eric became a Partner in 2015 and assumed his current role as Senior Director of Active Strategies in 2025 when Dorchester and Cardinal Point merged.

 

In his role, Eric drives the investment process for both Fixed Income and Equity strategies. He is also responsible for managing multiple key client relationships.

 

Eric began his career as an equity and options trader at National Bank Financial. In 2002, he joined Magna Vista Capital Management, transitioning from an analytical role to Portfolio Manager and became a key contributor to the firm’s investment process.

 

Eric holds the Chartered Financial Analyst (CFA) designation and earned his Bachelor of Commerce in Finance from McGill University in 2001.

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A. Bruce Gill, MBA

Portfolio Manager

Bruce Gill joined Dorchester Wealth Management (then called Hodgson, Roberton, Laing & Co.) in 1972 after completing a BA from McGill University and an MBA from Western University (formerly University of Western Ontario). At the outset, Bruce began writing the firm’s quarterly economic and market comments, something he has continued to do for the past 53 years. He subsequently became a Portfolio Manager and, in 1976, a Partner of the firm. Bruce continues to act as a Portfolio Manager with Cardinal Point.

Over the years, Bruce developed a particular interest in technical market analysis and he continues to bring this perspective to the firm. Bruce is a member of the CFA Society and has assumed numerous leadership positions in a variety of educational, religious, and athletic organizations. Bruce has also been a soccer referee for the past three decades.

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Jeff MacDonald, CIM

Portfolio Manager

Jeff MacDonald joined Dorchester Wealth Management—a predecessor of Cardinal Point—in 2009. As a Portfolio Manager, he works closely with individuals and families to ensure that their investment portfolios are aligned with their objectives, while coordinating with their other professional advisors to address all facets of their financial needs.

Prior to joining Dorchester, Jeff began his career on the equity trading desk of BMO Nesbitt Burns in Vancouver in 1994. In 1998, he transitioned to Magna Vista Capital Management, where he initially focused on operations and trading before moving into the role of Associate Portfolio Manager. Jeff holds the Chartered Investment Manager (CIM) designation and earned a BA in History from Bishop’s University in 1994.

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Lizabeth Flores

Portfolio Manager

Lizabeth Flores joined Dorchester Wealth Management, a Cardinal Point predecessor firm, in September 2018 as a Portfolio Manager. Having earned a Certificate in Management (Accounting, Economics, and Finance) from McGill University, she began her career as a foreign exchange/precious metals trader at Swiss Bank Corporation Canada (now known as UBS Canada). She later joined Darier Hentsch (which became Lombard Odier Darier Hentsch Private Swiss Bank).

After spending 25 years in Swiss private banking, Liz also gained experience at other firms such as C.F.G. Heward Investment Management Ltd., and Fin-XO Securities Inc. where she served as Vice-President, Portfolio Manager and provided portfolio management and investment counsel to high net-worth clients. Her most recent work experience prior to joining Dorchester, was with National Bank Financial at its Private Wealth Management division. Over her tenure with each firm (totaling over 35 years), she has been involved in discretionary portfolio management, security analysis, and managing key client relationships.

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Robert Hamou, CFA, MBA

Portfolio Manager and Derivatives Advising Representative

Robert Hamou is a Portfolio Manager and Derivatives Advising Representative at Cardinal Point with 25 years of experience in various financial roles including Investment Management, Investment Banking and Corporate Finance.

Robert joined Dorchester Wealth Management; a Cardinal Point predecessor firm, in 2021. Robert works closely with clients and provides disciplined, long-term investment management of their portfolios. He also works on Equity Research from a fundamental and technical analysis perspective.

Robert began his career as an Investment Banker with National Bank Financial in 2000. He later became an Investment Advisor at the same firm from 2006 for ten years. From 2016 onwards, Robert first served as the CFO of a local coffee company and then as Director of Finance for a fast-growing clothing company.

Robert holds the Chartered Financial Analyst (CFA) designation and earned an MBA in Finance from the University of Quebec at Montreal.

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Don Lato

Portfolio Manager

Don Lato started his career in the investment industry at Wood Gundy in 1980 after completing a B.Sc. Pharmacy at the University of Toronto (1976) and an MBA at Western University (formerly University of Western Ontario) (1980).

Don spent most of his investment career as a Financial Advisor at CIBC Wood Gundy and Midland Walwyn Inc. where he was a Vice President and Director while also broadening his investment acumen as an institutional equity salesperson. Don transitioned from CIBC Wood Gundy to join Goodreid Investment Counsel in 2005 as a Portfolio Manager and Director.

Don’s proudest career achievement began in 2012 when he founded Padlock Investment Management, delivering exceptional investment management services to clients throughout Ontario.

Don has built upon his considerable wealth management experience to deliver sensible investment strategies that help grow and protect assets from financial uncertainty. His varied and deep experience within the financial industry has given him unique perspectives into markets. To this end, the synergistic acquisition of Padlock by Dorchester Wealth Management in October 2023 and the merger of Dorchester with Cardinal Point in March 2025, allows clients to benefit from increased depth and bench strength across the combined firm.

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David V. Sheridan

Ambassador

David Sheridan graduated from Concordia University with a degree in Economics before joining Jones Heward & Co. in 1979. At Jones Heward Investment Management Ltd., David provided investment advice to private clients and covered Canadian oil and gas investments as a Portfolio Manager and member of the Investment Policy Committee.

Joining Dorchester Wealth Management, a Cardinal Point predecessor firm in 2001, David was involved in security analysis, investment strategy, and providing discretionary investment management to corporate clients, foundations, and individual investors. Having been a Partner of Dorchester for many years prior to transitioning partially towards retirement, David retains an important role in guiding some relationships.

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Robert J. Craig, CPA

Ambassador

Robert Craig earned his original Chartered Accountant designation at Peat Marwick & Co. (now KPMG) in 1967 before joining the Montreal firm, Investment Secretariat Ltd. as a Portfolio Manager responsible for the mutual fund Dominion Equity Investments. In 1979, when Investment Secretariat was absorbed by Hodgson, Roberton, Laing & Co.—a predecessor of Dorchester Wealth Management — Robert continued to build a distinguished career. Over three decades as a Partner, Robert made solid contributions to the firm’s evolution until his resignation from the Dorchester Partnership on December 31, 2011. He remained a Portfolio Manager for years concentrating on U.S. large cap equity research prior to transitioning partially towards retirement. In March 2025, Dorchester was acquired by Cardinal Point, marking a new chapter in his enduring legacy.

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Brian T. Howard

Ambassador

Brian Howard is a seasoned investment professional whose career spans several decades. A graduate of Loyola College in Montreal, he holds degrees in both Liberal Arts and Commerce. Early in his career, Brian managed institutional and private client portfolios at National Trust, Calvin Bullock, and the Bermuda-based Bank of NT Butterfield. In 1987, he joined Dorchester Wealth Management—a predecessor to Cardinal Point—where he forged long-standing relationships and became a Partner.

Even as he partially transitions toward retirement, Brian remains an invaluable resource at Cardinal Point, serving as a trusted advisor and sounding board on current and prospective investments.

Administrative Team

The Investment Professionals and Cardinal Point clients are supported by a team dedicated to all aspects of compliance, client servicing, and portfolio administration.

Elvira Notz

Senior Accounting Administrator and Client Relationship Specialist

Isabella Leon

Senior Client Relatonship Specialist

Cesar Guardado

Client Relationship Specialist & Special Projects Coordinator

Mihaela Blaga

Client Relationship Specialist

Chantal Cassar

Client Relationship Specialist

Roxana Bandoi

Client Relationship Specialist

Seany Peykarnegar

Receptionist

Maria Bosch

Receptionist

Our Clients

Managing discretionary investment portfolios for private clients and institutional investors

Our portfolio managers work diligently with clients to ensure all receive the personal attention they deserve.

Some of our clients have been with us through two or three family generations. Many have come to us as referrals from existing clients or professional relationships we have developed with accountants, lawyers, and financial planners. We believe our record of client retention and successful referrals is directly attributable to the consistent performance and exceptional personal service provided by our team of investment professionals.

Some of our clients are extremely sophisticated and interested in capital markets and macroeconomic factors, but are simply too busy with family and career to devote the time and resources required to properly manage all their own financial assets.

What all our clients recognize is that independent investment counsel is vital to achieving optimal investment results over the long-term.

Individuals

Retirement Plans

Estates

Trusts

Corporate Accounts

Endowment Funds

Foundations

Our Clients

Managing discretionary investment portfolios for private clients and institutional investors

Our portfolio managers work diligently with clients to ensure all receive the personal attention they deserve.

Some of our clients have been with us through two or three family generations. Many have come to us as referrals from existing clients or professional relationships we have developed with accountants, lawyers, and financial planners. We believe our record of client retention and successful referrals is directly attributable to the consistent performance and exceptional personal service provided by our team of investment professionals.

Some of our clients are extremely sophisticated and interested in capital markets and macroeconomic factors, but are simply too busy with family and career to devote the time and resources required to properly manage all their own financial assets.

What all our clients recognize is that independent investment counsel is vital to achieving optimal investment results over the long-term.

Individuals

Retirement Plans

Estates

Trusts

Corporate Accounts

Endowment Funds

Foundations

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