2018 has been a great one at The RaeLipskie Partnership. Through our professional and personal victories, giving back to our community and having fun around the office, 2018 has been one of our most memorable 12 months. As we approach our 30th year it is time to reflect on the successes and triumphs of 2018.

Giving Back

RaeLipskie places great importance on giving back to our community and 2018 was no different.

In March of this year, RaeLipskie was delighted to help present Stone Soup 4 in partnership with HeartBeatsHate, a pro-diversity, anti-bigotry, and anti-racism movement.The event raised nearly $10,000 in proceeds supporting the Sexual Assault Support Centre of Waterloo Region and the KW Multicultural Centre. We also had a great time sponsoring the Century Challenge Invitational at the Waterloo Tennis Club, featuring some of the best players in SouthWestern Ontario

As always, our charity golf tournament schedule was busy including the Golf Fore KidsAbility Classic, The KW AccessAbility Fourth Annual Golf Tournament and the Swing BIG Golf Classic with Big Brothers Big Sisters of Waterloo Region. We also had the pleasure of sorting 4638 pounds of food at the Food Bank of Waterloo Region. That’s enough food to serve 3623 meals in our community!      

The RaeLipskie Partnership again sponsored the 2nd Annual Flappers and Fedoras Charity Gala Evening at Saint Luke’s Place, benefitting Saint Luke’s Place Long-Term Care Redevelopment Project.

We were also proud to support several local teams throughout the year including the Waterloo Wolves PeeWee White Team.

The RaeLipskie Partnership was honoured to support several organizations throughout the year in addition to the charities listed above including Carizon Family and Community Services, Family and Children’s Services, Christian Horizons, KW Habilitation, KW YWCA, KW Art Gallery, Nature Canada, Sandra Schmirler Foundation, Scouts Canada, The Centre in the Square, St. Mary’s General Hospital Foundation, Vasculitis Foundation Canada and Waterloo Mathematics Charitable Trust Foundation.


Our beloved Jo-Ann Carlisle retired in 2018 after a 23-year career at The RaeLipskie Partnership. Jo-Ann played an integral role at RaeLipskie, managing portfolios for over 100 families. Jo-Ann is now enjoying the Northern life in Manitoulin Island with her husband.

Our own Ken Rae was honoured this year by being included in Wealth Professional Canada’s Hall of Fame magazine issue. “Among this collection of industry veterans, there are a lot of years of experience. None have had quite the career of Ken Rae, however. The Waterloo-based advisor, now chairman and CEO of the RaeLipskie Partnership, made his start in the business in 1963 as an investment assistant at Canada Permanent Trust Company in Toronto. From there, he joined the Mutual Life Insurance Company as an investment analyst, relocating to Kitchener-Waterloo. After serving as investment director with Dominion Life Insurance Company, Rae decided to branch out on his own and set up Advantage Investment Counsel in 1985. That enterprise proved to be a success and was acquired by Michael Lee-Chin in 1987. Rae’s entrepreneurial vigour remained, and in 1988 he founded Kenneth Rae Investment Counsel, which ultimately became Rae and Lipskie Investment Counsel after he forged a partnership with Brian Lipskie. The two men remain at the forefront of the company today, managing approximately $650 million in assets [Ed note: magazine used old figures – our AUM is closer to $1 billion] and specializing in investment management for individuals, trusts, estates, foundations and corporations, with offices in both Waterloo and Burlington, Ontario.”

Annually, we present The RaeLipskie L. F. Gower Award to a member of our staff in recognition of the high standards represented by Lloyd F. Gower. Lloyd’s excellent client service, depth of knowledge in the investment industry, strong ethics, dedication to family and volunteer involvement in Waterloo Region continue to be core values for RaeLipskie. Lloyd Gower played an integral role in the early development of the RaeLipskie Partnership and for that we are forever grateful. The 3rd Annual L. F. Gower Award was presented to exceptional RaeLipskie staffer Leslie Stallard, Client Service Associate. Leslie’s phenomenal work in both the office and the community made her the perfect recipient for this award. In recognition of this achievement, RaeLipskie made a donation in Leslie’s name to KW YWCA and The Linda and Lloyd Gower Fund at Cambridge and North Dumfries Community Foundation. 

Around the Office

As always, we had a wonderful time celebrating Pi Day with the help of our friends at local hotspot Sweet and Savoury Pie Company. We also loved sharing more local favourites on our Facebook and Twitter pages throughout the year.

Olivia Frederick and her fiance continue to help train service dogs, a true labor of love for both of them.

A big congratulations also goes out to Heather Dewar and her husband John for completing the Mississauga Marathon and Half-Marathon earlier this month. Heather completed the 30K Around the Bay this year too!

Derek Rae also jumped into running, completing his first 5km this June at the Waterloo 10km Classic!

We thank all of our clients and supporters for an amazing 2018. We look forward to the future and our 30th anniversary year in 2019.