ABOUT US

In 1999, Michael Palmer, then head of research at First Associates brokerage, approached a group of forensic accountants, including Anthony Scilipoti, to write equity research that focused on the accounting at various Canadian public companies. With the markets believing earnings didn’t matter, accountants focused on selling consulting services, and investors caught in the excitement of the dot com boom, the timing could not have been better.  

Within a year, the partners realized that the only way to realize their goal was to form a separate company focused solely on research. With no underwriting biases, no trading constraints, and truth the only focus, Veritas Investment Research Corporation was born.  

The firm has grown rapidly on the back of its bold investment calls. Veritas research has over 40 institutional clients in Canada and the U.S. and is available on an exclusive basis to RBC DS’s wealth management advisors. The firm covers over 100 equities and trusts with a balance of buys and sells.  

Veritas is 100% employee owned and is Canada’s largest independent equity research firm.