Established in 1994, BonaVista Asset Management Ltd. (BonaVista) manages approximately $1 billion in investments. Prior to 1994, the firm was a well-known investment house within Confederation Life Insurance Company that produced some of the top money managers in Canada. In September 2005, BonaVista was acquired by Phillips, Hager & North Investment Management Ltd., itself acquired by Royal Bank of Canada in May 2008. In November 2010, Phillips, Hager & North Investment Management Ltd. amalgamated with RBC Asset Management Inc. to form RBC Global Asset Management Inc. (RBC GAM). BonaVista remains a separate company and is a wholly owned, indirect subsidiary of Royal Bank of Canada.
Located in Toronto, BonaVista serves clients across the country in the pension, foundation and private client markets both directly and through alliances with Great-West Life and London Life, Standard Life, and Sun Life.
BonaVista is registered as a portfolio manager in Alberta, British Columbia, Manitoba, New Brunswick, Nova Scotia, Ontario, Quebec and Saskatchewan; and is also registered as an investment manager and exempt market dealer in Ontario..