What Stone Castle does

StoneCastle Investment Management Inc. is a privately held, independent Canadian investment management firm founded in 2008 by Bruce Campbell and headquartered at 1708 Dolphin Avenue, Suite 205, Kelowna, British Columbia. The firm operates with a small team of 1–10 employees and is structured as a partnership with Campbell as President and Portfolio Manager, Richie Donohue as Senior Partner, and Thales Pichelli as Associate Portfolio Manager. StoneCastle manages two complementary products: the StoneCastle Fund, a concentrated all-cap growth mutual fund investing in accelerating companies across Canada and the U.S., and Separately Managed Portfolios, customized stock or bond mandates built to specific client objectives. The firm explicitly restricts distribution to Canadian residents and does not sell to U.S. persons.

The firm's investment process is guided by a proprietary "Offense, Neutral, and Defense" market dashboard that classifies prevailing market conditions into three modes to inform portfolio positioning, combined with disciplined quantitative and technical research. The StoneCastle Fund is offered in three share classes — Class B (STC101P), Class F for Wealth Advisors (STC105P), and an Anchor Class AC75 for investors with CDN $4M+ (STC107P) — each carrying a 2% annual management fee billed monthly and a 20% performance fee on net profits above a high water mark, with a CDN $150,000 minimum account size. Separately Managed Portfolios are priced via tiered annual management fees, available as Registered (RRSP) and Non-Registered Accounts, and custodied at National Bank Financial and Fidelity. Distribution is sales-led: directly through StoneCastle's investor portal, via Fundserv codes accessible to wealth advisors, and through separately managed account mandates.

StoneCastle's go-to-market targets high net worth individual investors, wealth advisors, financial planners, and portfolio managers seeking differentiated growth exposure that does not merely track market indices. Brand and acquisition are supported by recurring media appearances on BNN Bloomberg (Market Call, The Close, Morning Markets), weekly and monthly market updates, monthly webinars, and email communications. Operational infrastructure rests on partnerships with CIBC World Markets (custodian for the pooled fund), Equity Financial Trust Company (trustee), SGGG Fund Services (registrar), Goodman and Associates (auditor), and Pushor Mitchell (legal counsel). The firm is founder-controlled, with no recorded external institutional ownership, M&A activity, or funding rounds.

Name

Stone Castle

Legal name

StoneCastle Investment Management Inc.

Website

https://stonecastlefunds.ca

Company type

Private

Founded year

2008

Operating status

Operating

Headcount range

1–10 employees

Short description

StoneCastle Investment Management is a Kelowna-based Canadian investment firm managing the StoneCastle Fund and Separately Managed Portfolios for high net worth investors and wealth advisors, using a proprietary Offense/Neutral/Defense market dashboard for concentrated all-cap growth investing across Canada and the U.S.

Ownership category

akta.pro rank

Product category

Investment Management

NAICS

Portfolio Management and Investment Advice (52394), Open-End Investment Funds (525910)

SIC

Investment Advice (6282)

akta.pro primary industry

Portfolio Construction & Asset Allocation Advisory (FSAEAAAC)

akta.pro secondary industries

Large-Cap Equity (Active) (FSAAAIAA), Multi-Asset Mutual Funds & UCITS (Balanced/Allocation Funds) (FSAAAJAA)

Keywords

• Investment management services
• Mutual fund management
• Portfolio management
• Wealth advisory services
• Separately managed accounts

Headquarters

HQ city

Kelowna

HQ country

Canada

HQ region

North America

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales

Revenue model

1. Management Fees: The StoneCastle Fund charges an annual management fee of 2%, calculated monthly and deducted from fund assets. This is the primary recurring revenue stream.
2. Performance Fees: The firm charges a 20% performance fee on all net profits above a high water mark. This aligns manager compensation with investor returns and creates upside potential during market gains.
3. Separately Managed Portfolio Fees: Separately Managed Portfolios are charged an annual management fee calculated monthly, tiered based on total assets under management. Additional revenue from customized portfolio solutions for clients with specific investment strategies.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels5 records

Core offering

StoneCastle Investment Management Inc. is a Canadian investment management firm that manages the StoneCastle Fund, a concentrated all-cap growth mutual fund investing in accelerating companies across Canada and the U.S. The firm also offers Separately Managed Portfolios providing customized stock or bond portfolios built to client-specific goals. Investment decisions are guided by a proprietary Offense, Neutral, and Defense market dashboard.

Product overview

StoneCastle Investment Management Inc. is a Canadian investment management firm offering two primary products: the StoneCastle Fund, a concentrated all-cap growth mutual fund focused on accelerating companies in Canada and the U.S., and Separately Managed Portfolios, which provide customized investment solutions for wealth advisors and portfolio managers. The firm uses a proprietary market dashboard system (Offense, Neutral, and Defense) to guide investment decisions.

Differentiator

Problem solved

Functional benefit

Products and services

• StoneCastle Fund The StoneCastle Fund is a concentrated all-cap growth mutual fund of accelerating companies across Canada and the U.S., managed using StoneCastle's proprietary Offense, Neutral, and Defense market dashboard. Available in Class B (STC101P), Class F (STC105P for wealth advisors), and Class AC75 (STC107P for investors with greater than CDN $4 million invested), with a 2% annual management fee and a 20% performance fee on net profits above a high water mark. Minimum account size is CDN $150,000, with a CDN $4 million minimum for Class AC75. The fund is not eligible for RRSP accounts and is not offered to U.S. residents.
• Separately Managed Portfolios Separately Managed Portfolios are customized stock or bond portfolios built to client-specific investment strategies, spanning a spectrum from Income to Growth mandates and tailored to client goals, risk tolerance, return objectives, and investment time horizon. Available as both Registered (RRSP) and Non-Registered Accounts, with tiered annual management fees calculated monthly based on total assets under management. Custody is provided by National Bank Financial and Fidelity.

Quantifiable outcome

• Concentrated portfolio of accelerating companies across Canada and U.S.

Named customers1 record

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Seven partnerships are on record, tiered core and minor.

• CIBC World MarketscoreOthersCIBC World Markets serves as the primary custodian for the StoneCastle Fund, holding and safeguarding fund assets. This is a critical operational partnership ensuring secure asset custody.
• Equity Financial Trust CompanycoreOthersServes as the Trustee for the StoneCastle Fund, providing independent oversight and fiduciary responsibilities for the fund structure.
• SGGG Fund ServicescoreOthersServes as the Registrar for the StoneCastle Fund, handling fund administration, unit registry, and shareholder record-keeping services.
• Goodman and AssociatesminorOthersProvides auditing and accounting services for the StoneCastle Fund. The fund is independently audited annually.
• Pushor MitchellminorOthersLegal counsel for the StoneCastle Fund, providing legal advice and ensuring regulatory compliance.
• National Bank FinancialcoreOthersCustodian for Separately Managed Portfolios alongside Fidelity. Provides secure asset custody for customized portfolio solutions.
• FidelitycoreOthersCustodian for Separately Managed Portfolios alongside National Bank Financial. Provides secure asset custody for customized portfolio solutions.

Scale indicators3 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Sprott Asset Management: Canadian specialty boutique providing actively managed pooled funds distributed via advisor networks - comparable boutique scale, advisor-channel go-to-market, and Canadian HNW wealth management positioning.
• IA Clarington Investments: Canadian-domiciled active manager distributing through advisors and segregated mandates - comparable active-equity product set, advisor channel, and Canadian HNW wealth management focus.
• Canoe Financial: Canadian boutique offering actively managed pooled funds primarily through the advisor channel using Fundserv codes - directly comparable distribution model and HNW Canadian retail/advisor customer base.
• Picton Mahoney Asset Management: Canadian boutique active equity manager with concentrated, alpha-seeking strategies distributed through advisors and Fundserv - directly comparable mandate, channel, and Canadian HNW target customer.
• Ninepoint Partners: Canadian alternative and active equity boutique distributing pooled funds through advisors via Fundserv - comparable boutique model, advisor-channel distribution, and Canadian HNW investor focus.
• Mawer Investment Management: Canadian boutique active multi-cap equity manager serving individual investors and advisors with multi-decade track records - directly comparable owner-operator boutique model and Canadian distribution footprint.
• Leith Wheeler Investment Counsel: Canadian employee-owned boutique offering pooled funds and separately managed portfolios to Canadian HNW clients - closely comparable offering mix, Canadian-only mandate, and concentrated active-equity style.

Broad incumbents

• CI Global Asset Management: Major Canadian asset manager with extensive active equity and balanced pooled-fund line-up distributed through advisors - offers competing Canadian growth funds but at much larger scale and broader portfolio breadth.
• Fiera Capital: Mid-sized Canadian asset manager with broad active equity, fixed income and alternative mandates across retail, advisor and institutional channels - overlapping mandate range but materially larger and more diversified than StoneCastle.
• BMO Global Asset Management: Large Canadian bank-owned asset manager with multi-affiliate active equity boutiques competing for the same advisor-channel shelf space - comparable active growth mandate but materially larger distribution and product breadth.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/in/m-bruce-campbell
• Xx.com/sc_funds

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Stone Castle