Honouring Tim Price
Tim Price (1957 - 2023) – Founder, The Price Group
Tim joined MacDougall, MacDougall & MacTier (3Macs) in 1984, and held management positions in finance and administration before becoming an investment advisor and portfolio manager in 1990. He was elected as a Director of the firm in 1992 and served on the Executive Committee from 1993 to 2016. Between 2002 and 2009 he held the position of President and Chief Executive Officer and was elected Chairman of the Board in February 2009 until 3Macs became a division of Raymond James Ltd. in October 2016. Since then, he served as a Director of Raymond James Ltd. Between 2019 and 2021 he served as Chairman and CEO of Raymond James Trust (Quebec) Ltd.
Tim combined his many strengths to service his clients in the role of Portfolio Manager over more than 30 years. His cautious, thoughtful, and pragmatic approach was appreciated by clients, with an investment philosophy focused on value and dividend growth. Tim founded The Price Group, a decision to take a team-based approach to better meet our clients’ ever-evolving needs. Over the years the team grew, another testament to Tim’s leadership qualities. Nadia joined in 2000, Amanda in 2009, Taylor in 2015, Erica in 2019 and most recently Tim’s son, Tom in 2022.
After a valiant battle with cancer, Tim passed away in December 2023. Tim’s approach and values remain an integral part of The Price Group and will continue to be guiding principles. He was a keen analyst, and loved nothing more than finding overlooked opportunities, a testament to his contrarian style. His investment decisions balanced risk with caution, and considered timing, valuation, dividend growth and long-term potential. Most importantly, Tim valued the relationship he had with each client, and investment selection was tailored to individual needs.
Beyond his work at 3Macs and Raymond James, Tim served on many charitable boards and committees for causes and organizations that were close to his heart including the Investment Industry Association of Canada, the Investment Dealers Association, Bishop’s University, Bishop’s College School, the Black Watch of Canada Foundation, the Elizabeth Greenshields Foundation, the Montreal Children’s Hospital Foundation, City of Westmount and many others. He was an avid sportsman and enjoyed tennis, rackets, golf, and remained a dutiful supporter of the Montreal Canadiens. Above all, Tim cherished relationships with his family, friends, and clients. His presence is sorely missed, and his legacy lives on.