A destination practice

 

Our team is high-performing and award-winning, but most of all, we’re united in understanding that this profession allows us to achieve some very special outcomes for our clients and the families we work with.

Michael Yhip

Michael Yhip, CFA

Vice-President, Portfolio Manager & Wealth Advisor

905-764-1544 | Email me

After running a successful hedge fund, Michael realized that investment returns alone did not provide what his clients needed most: “My goal is to grow not just your portfolio, but your personal net worth and the value of your business while making sure that you have a true financial quarterback across a range of critical wealth management needs.” This has been Michael’s aim since he started Michael Yhip Wealth Partners, now an award-winning advisor practice at RBC Dominion Securities.

Michael started his career as an investment banker in the late ‘90s, advising companies and governments on their debt strategy and financing needs. He then went on to build RBC’s national interest rate risk management business for its commercial clients, which helped a significant number of public and private companies access better tools to help them manage their risks. But it’s when he started his own hedge fund–in 2006–that Michael began to recognize his ability to think differently, create value, and solve unprecedented business challenges. In 2011, he won a Morningstar Investment Award in the category of Best Multi-Strategy Hedge Fund for his performance during 2008-2011, one of the most difficult economic climates in recent history. In 2020, and as a Portfolio Manager, he again achieved exemplary investment performance, which his clients attest to Michael’s expert strategizing, execution, and honest communication during this difficult period.

Michael returned to RBC Dominion Securities and became one of the leading advisors in his cohort, earning him RBC’s coveted Donald J. Langill Memorial Award and, with it, the title of 67th President of RBC Dominion Securities’ President’s Club. This is one of the longest-standing awards in the Canadian Wealth Management industry, and past winners of this prestigious award are some of the industry’s most recognized and respected advisors.

The combination of dedicated study, significant practical experience, and continuous learning is what translates to superior outcomes for Michael’s clients. His approach is to start by understanding a client’s journey, building a strategy to secure their wealth, and then managing that wealth at every stage of the journey. He acts as an informed guide and key advisor to business owners with the most complex financial affairs.

Michael graduated from the University of Toronto with a Bachelor of Commerce degree (B.Com - Honors) with a joint specialist in Finance and Economics and is a Chartered Financial Analyst (CFA). Michael was also one of the early graduates of Singularity University (SU), Canada’s executive program that examines how key converging technologies will shape our future and the leadership challenges and opportunities we will face.

Michael and his wife, Meagan, live in Toronto with their two children, Ella and Isadora (Izzy). In his off-hours, he enjoys practising mixed martial arts (Brazilian jiu-jitsu), reading, traveling and cheering passionately for the Toronto Raptors. Michael has been involved with the community through his work raising funds for the Michael Garron Hospital Foundation, the West Park Hospital Foundation, and other charities.

His current passion project is bringing the story of Canadian soccer legend Christine Sinclair, who holds the record for most international goals in the sport, to life through an animated film.

Nick Banfield

Nick Banfield

Associate Wealth Advisor

905-764-3585 | Email me

Louie Chen

Louie Chen

Associate

905-764-3840 | Email me

“His practice is quite differentiated, and he doesn’t seem to think of the value he provides as limited to traditional financial planning and investments.”

 

We create value beyond traditional wealth management in ways our clients – business owners, entrepreneurs, and highly-affluent families – aren’t expecting.

Who we help