MacDougall, MacDougall & MacTier Inc. - New prestigious offices for 3Macs to serve clients
Jul 20, 2015, 08:30 ET
MONTRÉAL, July 20, 2015 /CNW Telbec/ - Highlighting its 166 years of experience in investment management, today, independent wealth management firm, MacDougall, MacDougall & MacTier Inc. (3Macs) moved to the 26th floor of 1000 de la Gauchetière Street and into new offices complete with cutting edge technology.
With Black Watch bagpipes welcoming employees to their new home, President & CEO, Randy Ambrosie, expressed his pride in the ambitious undertaking of yet another illustrious phase in the extensive and powerful 3Macs story: "Today is a celebration of our history of success in serving the comprehensive wealth management needs of Canadian families and institutional clients".
It should be noted that the history of the founders of 3Macs is studded with similar opportunities to stop for a few moments and appreciate the trail the company has blazed. 3Macs, which grew and flourished along with Canada itself, has persevered wars, crises and the ups and downs of the market, without losing vision or faith, all while continuing to invest in the local and national economy. Their commitment to wealth management has also been an integral part of helping investors navigate and remain steadfast during these turbulent times.
"Even though we are not in the habit of making a fuss, it must be said that our move this morning to a new locale has certainly created some noise," says Martin Leclerc, Director of the Montréal 3Macs branch. "Therefore, it is only right that we acknowledge the moment, the continued evolution in the quality of our services, as well as the culmination of a technological shift, all of which result in considerable benefit to our clients!" adds Mr. Leclerc.
Delivering comprehensive wealth management has always been an important business endeavour for 3Macs. And this is true, whether in 3Macs new Toronto business centre, which brings together three branches of this Canadian metropolis, or in Montréal, where the firm's roots are firmly planted for MacDougall, MacDougall & MacTier Inc. clients.
A Canadian success story that's been around longer than Confederation, MacDougall, MacDougall & MacTier Inc. (3Macs) is the country's most established wealth management firm. With roots dating back to 1849, 3Macs has remained fiercely independent in its outlook and confident in its convictions. Beginning with the belief that a client's interests are best served through careful analysis of their current situation, future goals and individual circumstances, 3Macs is home to some of Canada's most experienced advisors, who provide custom-tailored solutions and highly personalized wealth management services. As a result of this process, 3Macs' adherence to meeting the specific needs of their clients has created a niche for any investor seeking a more comprehensive approach to wealth management. The fact that these same principles have guided 3Macs' business process over the course of more than 160 years – while remaining ahead of the curve and delivering on clients' goals – speaks volumes. Let us show you how. www.3Macs.com. 3Macs is a member of the Canadian Investor Protection Fund. www.CIPF.ca
Att. Historical Highlights
MacDougall, MacDougall & MacTier Inc.
Established well before Confederation, the firm's origins date back to 1849. In, STAYING CONNECTED, a book written by James Ferrabee and Michael St B. Harrisson to commemorate the 150th Anniversary of MacDougall, MacDougall & MacTier Inc., we see just how much the history of Canada and that of 3Macs is entwined…
- When Donald Lorn MacDougall, the founder of the firm and John Glass become real estate brokers in 1844, Montréal had a population of 40,000, Québec had 35,000, Toronto had 14,000, and New York already boasted a population of 313,000!
- In 1849, Donald Lorn MacDougall joins his brother George Campbell to establish MacDougall Brothers.
- During the 1850s, through insightful investments, Donald Lorn MacDougall plays an important role in helping build the railroad system as well as the marine industry. His foresight helps develop many of the infrastructures that still form the fabric of our nation.
- Donald Lorn MacDougall gets married at 46, in 1857.
- The two MacDougall brothers help establish the Montreal Stock Exchange. In 1874, they become founding members, with Donald Lorn MacDougall serving as founding President.
- Donald dies in 1885 and his brother becomes senior partner in the company, which, by this time, has many family members/owners.
- Not long after, nephew, Hartland B. MacDougall establishes an impressive network of contacts in the worlds of business and sports. The MacDougall family has also become well-known in the military as expert strategists.
- A full back in football, the young Hartland B. goes to Bishop's College. Afterward, he plays on the same hockey team as Percival Molson and with the Montreal Victorias, wins the Stanley Cup four times by the end of the 19th Century.
- In 1914, Hartland B. MacDougall becomes President of the Montreal Stock Exchange, after having already worked at the firm. In 1921, he and Robert E. MacDougall (no relation) establish an important alliance and the firm becomes MacDougall & MacDougall.
- The firm endures wars, the Depression and more, and never stops investing in the local economy and help client navigate turbulent times.
- Throughout their history, the MacDougalls remain inspired by responsible investment management, with a focus on sustainable development, which fits well with their own philosophy. Whenever they have to choose between "small and focussed" or "large and diversified"… there is really no choice at all. The first objective always wins out!
- 1945 is the year that Hartland C. (Tommy) MacDougall (son of Hartland B.) becomes senior partner, and oversees a period of significant growth.
- Son of Tommy, Bart MacDougall joins the firm in 1959. He eventually establishes an office in Toronto.
- The merger with MacTier occurs in 1960. The arrival of Stuart MacTier means a name change to MacDougall, MacDougall & MacTier. Shortly thereafter, the company integrates 10 partners and 25 new employees as part of the merger between the two companies.
- During these years, the company's core values remain the same as those of its original founders: Integrity – Independence – Service – Performance.
- In 1970, Tom Price, nephew of Tommy MacDougall, joins the firm and is appointed as President. At this time, the company has 17 partners and 35 employees.
- The Quebec branch opens in 1975, with the acquisition of Barry & MacManamy. The London, Ontario office opens in 1990.
- Tim, son of Tom Price, becomes President & CEO in 2002, having joined the firm in 1984.
- In 2003, ownership of the company is shared among 175 employees, 25 of which are directors and partners.
- In 2014, 3Macs announces a plan for strategic growth, "with the objective of increasing national presence so that more Canadian investors and institutional clients may leverage and benefit from our 160+ years of experience and expertise." Recent acquisitions, Castellum Capital Management in Ontario and Tycuda Group in British Columbia, are testament to the determination 3Macs brings to achieving its goals to bring comprehensive wealth management to successful Canadian families and entrepreneurs nationwide.
For further information: Source and Press relations: Martin Leclerc, Director, Montréal branch, 3Macs, Tel.: 514 394-3051, [email protected]; More information: Mario Asselin, Cell: 418 657-0287, [email protected]
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