About High Rock

High Rock Capital Management

High Rock Capital was formed in 2010 as an Institutional Investment Management company to manage four funds for a division within Scotiabank. In 2015, with the goal of managing our own capital, we formed a Private Client and Special Mandate division and invited family, friends and others to join us. We continue to add families who see the benefit of our transparent fee structure and fiduciary duty that goes above and beyond.

High Rock Capital Management Inc. is a portfolio management company registered with the Ontario Securities Commission (OSC), as well as the British Columbia Securities Commission, to manage client money on a fully-discretionary basis in those provinces.

High Rock has two distinct yet very synergistic divisions:

1. Private Client Wealth Management – for Individuals who want professional, total wealth and portfolio management

2. Special Mandates – we manage several high yield bond and other mandates for corporations, family trusts, endowments, and high net worth, individuals

High Rock is a proud member of the Portfolio Managers Association Of Canada (PMAC) and the Ombudsman for Banking Services and Investments (OBSI).

Our History

2015

Private client division started

Scott Tomenson joins High Rock Capital to start our Private Client Division
2011

First fund managed

First Fund managed for Scotiabank was a C$ High Yield Bond Fund
2012 – Expanding portfolio

Two more funds managed for BNS

Two more Funds managed for Scotiabank that were Latin American related Funds
2014

Fourth fund managed

Fourth Fund managed for Scotiabank was another C$ High Yield Bond Fund
2014

Fourth fund managed

Fourth Fund managed for Scotiabank was another C$ High Yield Bond Fund
2020

Private Client Division turns 5 years old and High Rock Capital turns 10

High Rock Capital Private Client Division turns 5 years old. Dianne Leckie joins High Rock as a Senior Client Service Representative and Compliance Manager Celebrated 10th anniversary as a firm

What makes us different

The High Rock difference
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Annual Wealth Forecast (Financial Plan) to meet goals

A Tactical Model and Special Mandates

Fiduciary Duty beyond typical Standard of Care

Core competency in the complex opaque bond market

Interests truly aligned - we manage our own money the same as client money

Experienced Large-scale Risk Managers - Managed up to $13bln in previous roles

Truly Independent - 100% employee-owned

Complete Fee Transparency

Groundbreaking formulation of Independent Review Committee (IRC)

What we do

Special Mandates
For sophisticated investors with a focus on Credit, including Preferred Shares and High Yield Bonds.
Private Client Wealth Management

Total wealth management for individuals, corporations, and family trusts beginning with a wealth forecast and comprehensive, experienced portfolio management.

Frequently asked questions

What is a Wealth Forecast and why do I need one?
A Wealth Forecast is a Financial Plan and is created to determine a client’s goals (major purchases, education, retirement, estate), the timelines expected to achieve those goals, and the necessary annualized growth target for asset growth required to build the wealth to achieve those goals. The results of the Wealth Forecast form our investment decisions on how much risk a client needs to take to meet their goals. The Wealth Forecast is updated often to keep up with life changes.
High Rock manages money on a Separately Managed Account basis which means it is your portfolio and you always own the securities in it. High Rock cannot take money out of your account as it is held at Raymond James as the custodian, not at High Rock. We never “touch” money. Clients just give us the authority to buy and sell securities in their portfolio. And Raymond James is a member of the Canadian Investor Protection Fund (CIPF) which means that if ever Raymond James becomes insolvent, our client accounts are covered for up to $1mm for each class of accounts: non-registered, registered (RSP, TFSA), and RESP.
Never in a million years will we own a mutual fund. We do use some Exchange Traded Funds (ETF’s) with extremely low-cost fees to gain exposure to global equity markets.

Fees paid to a portfolio manager (for discretionary management) are tax-deductible in non-registered (taxable) accounts. Not so for mutual funds. Fees paid to High Rock are inclusive of all services (including custodial costs to RJCS). High Rock revenues cover all expenses including employee salaries. High Rock employees (including the owners) are not paid commissions.

Knowing exactly what % and what $ amount you are / will be paying for investment services and to whom you are paying them. We fully-disclose our fees in an easy to understand way. 

High Rock’s “Voluntary Code of Conduct” is a signed document by all employees that forms the cornerstone of High Rock’s ethos and our promise to put client interests ahead of our own at all times.

Good examples would be when a mutual fund company pays an advisor to sell its funds (trailer fees) or when Advisors who are paid a commission based on the assets under their administration which puts client’s needs as secondary to their own personal revenue generating activities. High Rock is paid only by our clients.
It is your money and they are your securities at all times so if you ever want to end our relationship, you simply send an email to one of us (we will follow up with a phone call to ensure the email is legitimate) and state that you want no more trades done in your account and you want to transfer out to a bank or dealer. You are always in control of your account.
High Rock is registered with the Ontario Securities Commission (OSC) and the BC Securities Commission to operate as a discretionary Portfolio Manager with a legal fiduciary duty to our clients at all times. The OSC is not a self-regulating organization (like the banks/dealers who are regulated by IIROC) but a government agency reporting to the Minister of Finance for Ontario.
A discretionary portfolio manager has a legal fiduciary duty to the client. An investment advisor only has to ensure suitability of the investment for the client at the point of sale, after which, the client is then liable for the result of the investment. High Rock is a discretionary portfolio manager.

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