A LIFELONG FRIENDSHIP SINCE 1966
Keith Goddard (left) and Ian Cubitt (right), the founding partners of the Corner Group, met at Yorkshire and Pacific Securities Limited (a former securities firm).
Keith was a salesman and Ian worked in research, and together they realized their potential. In 1966, their partnership was formed with a handshake.
CORNER GROUP ESTABLISHED AT
ODLUM BROWN (1971)
After hearing about Odlum Brown Limited in the 70s, Keith and Ian were the first partnership to join the firm. Committed to a “clients first” philosophy, they began to grow their business from the ground up. During this decade, Keith frequently traveled to Victoria, Campbell River, Quesnel and Powell River to meet with clients.
FIRST RRSP SEMINAR (1972)
Keith had a natural ability to build relationships with his clients for the long-term. As a proponent for financial education and retirement planning, Keith held his first retirement seminar at Capilano College. Over time, he helped retirees from MacMillan Bloedel (Weyerhaeuser) and Canadian Airlines (Air Canada), among many other companies and firms.
THE COMMENT NEWSLETTER (1974)
Focused on market research, industry trends and innovative investment ideas, Ian worked to create the duo's investment philosophy and strategy. After the crash of '74, Ian began writing, The Comment, a market commentary for portfolio managed clients.
Today, the newsletter is co-authored by Ian Cubitt and Mike Henry. This quarterly publication continues to provide clients with insight into the group’s contrarian investment approach through thought-provoking market commentary and investment strategies.
JAN MAGNOLO JOINS THE GROUP (1988)
Jan Magnolo joined Keith and Ian as the third partner. Having joined the firm in 1972 from a trust company, Jan was both experienced and knowledgeable. With the exponential boom of mutual funds in the 90s, Jan specialized in providing mutual funds as an investment option when interest rates tumbled.
A PERIOD OF RISING INTEREST RATES
We saw interest rates rise to over 20% in the 80s. As we believed that interest rates would eventually fall, we invested in 10-year government bonds and long-term government stripped coupons, which were first brought to market at that time, in RRSP accounts. When interest rates decreased, many of our clients benefitted from our strategy.
CELEBRATING 25 YEARS
In 1991, the Corner Group was featured in The Financial Post for its 25th Anniversary. A quote from this article titled, “An enduring partnership,” aptly summarizes the longevity of the team:
"Formal partnerships within brokerage firms are not unusual, but few in Canada have lasted as long as that involving [the] brokers at Odlum Brown Limited, Vancouver... the firm is one of the few Canadian securities firms that may have emerged stronger from the industry turmoil of the past five years."
EXPANDING OUR TEAM OF ADVISORS
Photo circa 2000. Front row (left to right): Keith Goddard, Jan Magnolo, Ian Cubitt
Congratulations to both of you!
Long-term thinking is as much ingrained into our investment philosophy as it is within our client relationships. When Keith retired in 2004, Mike Henry, who had worked along-side Keith for many years, ensured that our clients received the same attention and service excellence as they were accustomed.
When Jan Magnolo retired in 2009, our succession planning led to another smooth transition. Together, Anita Celio, Dan Sambolec and Mike Henry attended to the investment needs of all of Jan’s clients during the recent Financial Crisis, helping them to create and protect their wealth for generations.
EXPANDING OUR TEAM OF ASSISTANTS/ASSOCIATES
From left to right: Matthew MacGrotty (joined in 2014), Pamela Starek (joined in 2016), Rajeena Minhas (joined in 2011), Kyle Thompson (joined in 2014)
The Corner Group is proud to have a knowledgeable and capable team of assistants and associates who provide full-service support. They can help with client account inquiries such as:
- Electronic fund transfers to or from your bank account
(e.g. issuing income payments)
- Registered account/TFSA contributions and withdrawals
- Account documentation, administration, or arranging meeting requests
Please feel free to contact any of them directly for assistance:
▪ Matthew MacGrotty, Investment Associate | Phone: (604) 844-5492
▪ Kyle Thompson, Investment Associate | Phone: (604) 844-5316
▪ Pamela Starek, Investment Assistant | Phone: (604) 844-5321
▪ Rajeena Minhas, Investment Associate, Portfolio Manager |
Phone: (604) 844-5322
CELEBRATING OUR 50TH ANNIVERSARY
The Corner Group has grown to a dedicated team of 10, with over
$1 billion in assets under management.
Investing is forward looking by nature. There are always new financial crises, opportunities and strategies as well as new generations of clients with changing needs – everything from paying for their children’s education, planning for their own retirement or even leaving a legacy. In fact, we work closely with the next generation of our clients who choose to invest their inheritance for the long term.
We appreciate the trust and confidence our clients have placed in us in the last five decades and look forward to assisting them for many years to come.