President Adrian was happy to have attended a performance of the local KW Glee at the Centre in The Square, which he thoroughly enjoyed and highly recommends.

 

Shawky Fahel, is pleased to have been able to attend several of the World Cup Football games but is happy to be back in Canada.

 

Erin Way is delighted to be leaving soon for a birthday trip to Whitehorse and is looking forward to Dog Sledding and the Northern Lights.

 

Louise Gardiner is happy to have read Howard Pell’s Book – Lives Lived, and highly recommends it.

 

The Coldest Night of the Year event is scheduled for Saturday, February 25.  It is a great fellowship event for our club and provides support for the Ray of Hope Organization.  Stay tuned for more details from Josh Graham.

Our program today was a presentation by Robin Stanton and Rick Vandermey from Rae Lipski Partners, entitled Upcoming Economy & Financial Markets.  Robin and Rick were introduced by Ross Newkirk.

 

Robin Stanton, CFA,

 

Robin Stanton joined The RaeLipskie Partnership in 2018. He has extensive experience working with institutional and individual investors to help them achieve their various investment objectives in the public and private markets.

In his prior role as Vice-President at CBRE Caledon Management, Robin worked with the firm’s clients to help them develop and implement their investment programs, while also focusing on marketing strategies to develop new business opportunities. Previously, Robin was Vice President of Investments at AGF Investments where he delivered investment solutions for existing and prospective clients and their advisors in select regions and constituencies in North America.

 

Robin graduated from the University of Toronto and is a CFA Charterholder. Robin is an active volunteer in our local community and serves as a member of the Investment/Pension Committees for the Kitchener-Waterloo Community Foundation, Wilfrid Laurier University and Grand River Hospital.

 

Robin is an avid cyclist and occasional skier and golfer and resides in Kitchener with his wife and daughter.

 

 

Rick Vandermey joined the firm in 2014 after a multi-decade investment management career as Vice President-Portfolio Manager with Legg Mason Canada (and its predecessor companies, Perigee Investment Counsel and Mu-Cana Investment Counsel). Rick grew up and was educated in Kitchener-Waterloo and was based in the local community during his career in the institutional investment management business. During his time in that business, Rick had responsibility for managing some of the company’s largest pension, endowment and foundation client relationships, along with responsibility for Canadian, U.S. and international equity selection, balanced fund management and active asset allocation. 

 

Rick graduated from Wilfrid Laurier University with an Honours Bachelor of Business Administration (BBA) degree and attained his Chartered Financial Analyst (CFA) designation in 1985. At The RaeLipskie Partnership, Rick leads the firm’s investment activities and manages client portfolios.

 

Rick and his wife Trish live in Waterloo. Their two adult children live in Toronto. Summer weekends are generally spent at Rick and Trish’s cottage on Lake Huron. Rick is an active volunteer in the community, giving his time to assist the KW Community Foundation, the KW United Way, Wilfrid Laurier University and the Lyle S. Hallman Foundation. A long-standing volunteer coach for Waterloo Minor Soccer, Rick is also active in the Waterloo Cycling Club.

 

Using a series of charts and graphs Robin reviewed recent financial trends including:

 

Rick then spoke about possible trends for the future.  He believes that, given the current data and past trends a recession is highly probable.  His advice:

President Adrian reminded members about the upcoming visit by the District Governor on Jauary 19th at the Granite Club. Our next meeting will be January 30th at the KW Humane Society - watch  for sign-up details.