Lester Asset Management

Overview

The firm works with private clients, family offices, charitable foundations and institutional investors.¹ Its individual investor groups include high net worth individuals, family offices, trusts and estates.² Institutional clients include foundations, pension funds and non profits.²

Lester Asset Management is registered with the Autorité des marchés financiers in Quebec, the Ontario Securities Commission and the Manitoba Securities Commission as a portfolio manager, investment fund manager and exempt market dealer.¹ In Alberta, it is registered as a portfolio manager.¹ In British Columbia, it is registered as a portfolio manager and exempt market dealer.¹ The company is incorporated under the Canada Business Corporations Act.¹

History

The company began in Montreal in 1987 under the name Murray Lester Investment Counsel.² It adopted the Lester Asset Management name in 2006.² The LAM Canadian Equity Fund began in 2012, and the LAM Canadian Fixed Income Fund followed in 2021.² The Lynx Global Biodiversity Fund was introduced in 2024.²

The firm says it signed the United Nations Principles for Responsible Investment in 2021.² It also says that it joined Nature Action 100 and adopted the Taskforce on Nature related Financial Disclosures in 2024.²

Timeline

1. 1987The company began in Montreal in 1987 under the name Murray Lester Investment Counsel.
2. 2006It adopted the Lester Asset Management name in 2006.
3. 2012The LAM Canadian Equity Fund began in 2012, and the LAM Canadian Fixed Income Fund followed in 2021.
4. 2021The firm says it signed the United Nations Principles for Responsible Investment in 2021.
5. 2024The Lynx Global Biodiversity Fund was introduced in 2024.

Leadership

J. Anthony Boeckh serves as Chairman of the Board and, according to the firm, took that position in June 2017.² He previously chaired, led and edited BCA Research, also known as The Bank Credit Analyst, from 1968 to 2002.² From 1985 to 1999, he was Chairman of Greydanus, Boeckh & Associates.² The website reports that this firm managed C$2 billion in fixed income assets before its sale to Toronto Dominion Bank.² Boeckh holds a PhD in Finance and Economics from The Wharton School at the University of Pennsylvania and a B.Com from the University of Toronto.²

Stephen Takacsy holds the titles President and Chief Executive Officer, Chief Investment Officer and Lead Portfolio Manager, Canadian Equities.² He joined Lester Asset Management as Chief Investment Officer in 2006 and assumed the chief executive role in 2017.² His earlier finance experience included corporate banking at Royal Bank of Canada, investment banking at Richardson Greenshields and service as Senior Vice President and Chief Financial Officer of a Canadian entertainment company.² He holds an MBA in International Finance, a B.Eng from McGill University and Partners, Directors and Officers certification.²

Olivier Tardif Loiselle is Lead Portfolio Manager, Fixed Income, and serves on the Investment Committee.² Before joining the firm, he held credit analyst, trader, senior trader and strategist roles at iA Financial Group.² He holds a B.Com in Finance from Laval University and the Chartered Financial Analyst designation.²

Lorie Haché is Vice President, Office Manager and Senior Manager Client Services, and joined the team in 1995.² Helen Barfurth is Compliance Consultant.² Alexis Tanguay is Research Analyst, Global Equities, and joined the portfolio management team in 2025.² Jennifer McDonald is Research Analyst Intern, Environmental Science, and joined in 2024.² Annika Johnston is Client Service Associate, Dilara Kirac is Portfolio Administration Associate and Ben McAusland is Senior Analyst, Fixed Income and Alternative Strategies.² Each joined in 2026.²

Services

Lester Asset Management works in equities, fixed income securities and global environmental, social and governance focused equities.² Its listed strategies are individual portfolios, the LAM CAD Equity Fund, the LAM CAD Fixed Income Fund and the Lynx Global Biodiversity Fund.² The firm provides portfolio management through separate client accounts.³

LAM acts as investment fund manager and portfolio manager for the LAM Canadian Equity Fund, LAM Canadian Fixed Income Fund and Lynx Global Biodiversity Fund.¹ The LAM Canadian Equity Fund previously used the name Lester Canadian Equity Fund.¹

The firm says external providers handle custody, trading, settlement, legal and administrative work.² Its website names National Bank Independent Network as custodian, The Solution People as fund administrator, Computershare as fund trustee and PSB as auditors.²

What the firm offers

• Investment management
• Trust and fiduciary
• Philanthropy
• Family governance and education
• Administration and bill pay

Client focus

Lester Asset Management serves private clients, family offices, charitable foundations and institutional investors.¹ The firm identifies high net worth individuals, family offices, trusts and estates as individual investor groups.² Its institutional categories are foundations, pension funds and non profits.²

Investment philosophy and approach

The firm says its investment approach covers equities, fixed income securities and global environmental, social and governance focused equities.² It describes responsible investment commitments that include signing the United Nations Principles for Responsible Investment in 2021, joining Nature Action 100 in 2024 and adopting the Taskforce on Nature related Financial Disclosures in 2024.²

Assets and minimums

The firm's 2024 disclosure reports approximately C$320 million in assets under management.¹

FAQs

Related resources

• LocationMultifamily offices in Montreal

  This Montreal focused page helps readers compare local wealth management options and understand the setting in which Lester Asset Management operates. It can support questions about regional experience, independent portfolio management, and services for families or business owners seeking investment, fiduciary, governance, philanthropy, or administrative support.

• GuideMultifamily office services

  This overview explains the range of services a multifamily office may provide beyond investment management. Readers can use it to consider whether Lester Asset Management's stated offerings, including trust and fiduciary work, family education, philanthropy, and bill pay, match the practical needs of their household or enterprise.

• Network siteFamilyOfficeDatabases.com

  FamilyOfficeDatabases.com gives families and business owners a way to research other family offices, investors, and possible professional contacts. Comparing firms by location, client focus, or service area may help a Montreal reader place Lester Asset Management within a broader set of providers for wealth, governance, and administrative needs.

• GuideThe annual MFO review

  The annual MFO review offers a recurring reference for readers tracking developments among multifamily offices. Reviewing its coverage can help a prospective client frame questions about portfolio management, family governance, philanthropy, and operational services when assessing a firm serving clients in Montreal or elsewhere in Canada.

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  Profiles for Northland Wealth Management, Our Family Office Inc., and BC Partners in Planning Ltd. provide similar points of comparison on this site. Reading them may help a family or business owner compare service categories, geographic reach, and stated approaches before deciding which firms merit closer review alongside Lester Asset Management.

Sources

1. LAM Conflicts of Interest Disclosure Statement , accessed 2026-10-23.
2. Lester Asset Management About , accessed 2026-10-23.
3. Client Relationship Disclosure Information , accessed 2026-10-23.

Claim or correct this profile

This profile is a factual summary written in our own words from public sources. It is for information only. It is not an endorsement, rating, ranking or recommendation, and it is not investment advice. MultiFamilyOffices.com is not affiliated with the SEC or with this firm unless stated. Form ADV figures are self-reported by the firm.