CWB Adroit Investment Management

About us

Who we are and how we work

Client handshake

At Adroit, we believe successful money management results from a sound investment philosophy supported by a disciplined investment style.

Learn more about our philosophy, our clients and our investment team.

Integrity

We pride ourselves on building relationships based on honesty and integrity. Part of the way we do this is by adhering to the CFA Institute’s strict and internationally-binding Code of Ethics and Standards of Professional Conduct and by ensuring client assets are held by a third-party custodian.

Trust

We always work hard to earn your trust, through good and bad markets. Our clients rely on us to make discretionary investment decisions and we take that very seriously.

Discipline

Discipline is the foundation of our investment approach and guides every decision we make. We manage risk to preserve your capital base while achieving long-term growth. We ensure that each portfolio is diverse, with a minimum number of quality securities, a maximum in any one holding and investment in a number of major industries.

We know you want us to be disciplined in the way we invest your capital. Our clients come to us for many reasons. They may:

  • require investment advice for lump sum payments such as settlement proceeds (insurance, inheritance, divorce, etc.).
  • have high net worth.
  • own a business and are seeking investment advice for business sale proceeds.
  • be pension funds, foundations, endowment funds, charities or non-profit organizations.

It is important that your portfolio manager is always working with your investment goals in mind. Our portfolio managers are highly educated professionals with specific registrations that allow them to manage funds for clients on a discretionary basis.

Working with you, they put in place rigorous and clear rules to manage your portfolio. These guidelines outline how much investment risk your portfolio is exposed to and your long-term goals. This allows your portfolio manager to make discretionary, day-to-day investment decisions within your guidelines. Regular and comprehensive reporting allows you to closely monitor your portfolio’s performance.

For more information, see our portfolio composition.

Maria K. Holowinsky, CFA

Chief Executive Officer

Portfolio manager – non-Canadian equities

Maria has over 30 years of investment experience and joined Adroit in 1996 as a partner and portfolio manager of the non-Canadian equity portfolio. Previously, she was portfolio manager of foreign and Canadian equities, and member of the Investment Strategy Committee at the Alberta Teacher’s Retirement Fund. Maria is active on various boards in Edmonton and is a founding board member of the PRIME program at the University of Alberta.

Maria earned her CFA designation in 1990 and has a Bachelor of Arts degree (Economics) from the University of Alberta.

Contact: mholowinsky@adroitinvestments.ca

Linnea McKercher, MBA, CFA

Vice President

Portfolio manager – Canadian equities

Linnea joined Adroit in 2002 and is the portfolio manager for the Canadian equity portfolio as well as the Chief Compliance Officer. Her background includes working in the Investment Management Division with Alberta Revenue (now AIMCo.) as an investment intern, an equity trader and equity analyst (1998-2002). Linnea has over 15 years of investment management experience.

Linnea earned her CFA designation in 2001. She received her Master of Business Administration (1998) and Bachelor of Science (1993) degrees from the University of Alberta.

Contact: lmckercher@adroitinvestments.ca

Malcolm J. Jones, MBA, CFA

Vice President

Portfolio manager – fixed income

Malcolm has over 20 years of experience in the investment industry. He joined Adroit in 2005, focusing on the fixed income portfolio. Before that, he worked in the pension investments department of TELUS Corporation, focused on both fixed income and Canadian equity securities.

Malcolm earned his CFA designation in 1996. He received his Master of Business Administration (1994) and Bachelor of Commerce (1988) degrees from the University of Alberta.

Contact: mjones@adroitinvestments.ca

Orest Fialka, P. Geol., CFA

Senior Relationship Manager

Orest recently joined Adroit to help with client relationship responsibilities. Orest has over 20 years of experience in the investment industry that includes working with individual clients and conducting in-depth investment research.

Orest’s previous experience was with Alberta Investment Management Corporation (AIMCo.) where he was a portfolio manager of relationship investments. Prior to that, Orest was an investment executive with Scotia McLeod.

Orest earned his CFA designation in 2003 and Bachelor of Science degree (1986) from the University of Alberta.

Contact: ofialka@adroitinvestments.ca

Orest Fialka

Liliana Tzvetkova, CFA

Equity Analyst

Lilly joined Adroit in April 2014 as an equity analyst. She previously held an equity research associate position at Dundee Capital Markets.

Lilly earned her BCom in Finance from Concordia University, and BSc in Mathematics and Computer Science from Sofia University. She has completed all levels of the CFA program.

Contact: ltzvetkova@adroitinvestments.ca

Liliana Tzvetkova