Our Company

In 1999, Michael Palmer, then head of research at First Associates, a Toronto-based broker, 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 did not 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.   

Over the past decade, we have built an investment research team that resembles that of a forensic accounting firm: CAs, CPAs, CBVs and industry experts. Members of our team have marked professional exams, taught at the undergraduate, graduate and professional levels, and served on accounting standards and regulatory advisory boards. Veritas is Canada’s only research firm to be certified as a CA training office by the Institute of Chartered Accountants of Canada.  

The firm has grown rapidly on the back of bold investment calls. Veritas’ clients include some of North America’s largest institutional and pension fund managers, wealth management advisors at Royal Bank Dominion Securities and National Bank Financial, and national regulators. Most recently, Veritas was one of seven North American independent research providers selected for the Bloomberg Tradebook platform.