Our Team

The firm is wholly owned by its five 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, 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 at Richardson Greenshields in the mutual fund area before moving over to their money management arm as a Trader and Research Associate. Rupel left the firm in 1999 to become a portfolio manager and partner at Heathbridge Capital Management Ltd., joining the firm shortly after it started. Heathbridge manages funds for high net worth and institutional clients.

Rupel graduated from Queen’s University in 1993 with a B.A. in Economics. He has completed various industry courses, including the CFA program in 1999 and the Ivey Executive Program at the University of Western Ontario in 2005. He was appointed President of Heathbridge in 2014.

He currently serves as a Trustee for the Foundation at Lakefield College School. He is a member of the Ticker Club and of YPO (The International Young Presidents’ Organization). Past volunteer activities include the Dean’s Advisory Council for Queen’s University, the Continuing Education / Professional Development committee for the Toronto CFA Society, as well as coaching baseball and soccer.

Rupel is married with 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

Chief Investment Officer

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 have one child. 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
Chief Investment Officer

Antonii Cisneros, CFA
VP Trading & Operations

Operation and Administration Team

Nancy Pimentel
Finance Analyst

Janine Birt
Client Reporting

Heli Mehta
Portfolio Administrator

Ife Olowoporoku
Portfolio Administrator

Daria Yurova
Portfolio Administrator

Chris McAuley
Administrative Assistant and Client Support