Investment legend passes away at 86
Leon Frazer & Associates regrets to announce the passing of Canadian financial services legend George Frazer on February 6 at the age of 86. Mr. Frazer was Chairman of the Board of Leon Frazer, and Canada’s longest serving investment manager.
Shortly after WWII, Mr. Frazer joined the firm his father Leon built. He spent the next nearly seven decades shepherding his clients’ assets based on Leon Frazer’s fundamental investment principles: investment in good companies that sustain and increase their dividends over time.
George Frazer never wavered from his goal of always doing what’s right for the client
Mr. Frazer assumed the role of Chairman of Leon Frazer in 1961 after his father passed away. Under his leadership the Leon Frazer team grew from just five investment counselors in 1947, to a team of 35 employees and approximately $2.1 billion in client assets under management today. He and Deputy Chair William Tynkaluk contributed a combined total of 122 years of market experience and institutional memory to the organization.
In 1952, Mr. Frazer co-founded the Investment Counsel Association of Canada (now Portfolio Management Association of Canada), an organization whose current membership is responsible for managing over $750 billion in client assets. For his long service to the financial services industry and his achievements while managing the IA Clarington Canadian Conservative Equity Fund, Mr. Frazer was bestowed the 2006 Career Achievement Award at the Canadian Investment Awards.
“George Frazer is remembered for his great legacy of total commitment to client satisfaction,” noted Mark Arthur, CEO of Leon Frazer. “He never wavered from his goal of always ‘doing what’s right for the client,’ and he always urged his team to stay singularly focused on that principle,” Mr. Arthur added.
Mr. Frazer was an avid sailor for most of his life, and served as a Rotarian for over four decades, active until his passing. He leaves behind his wife, Elizabeth, daughters Anne and Jacqueline, and son, Bruce.
George Frazer’s place in history as a giant of the Canadian investment community is assured. He will be greatly missed by his family, friends, clients and associates.