Tracey McGrath CFP
Investment Advisor

Patrick began his career with Investment Planning Counsel in 2002 where he spent six years building his practice. In 2008, he teamed up with Tracey McGrath to create a truly full-service practice. He holds the Certified Financial Planner (CFP) designation and his life insurance† license.

Acting as their clients’ chief financial advisor, Patrick is responsible for conducting investment analysis, creating and presenting investment plans and portfolio construction and monitoring investment performance. Patrick, along with Rosi, manages the day-to-day operations of the practice.

In accordance with The McGrath Tenpenny Wealth Management Group*’s asset-based fee practice, Patrick’s role is to construct client portfolios that match each person’s risk tolerance and retirement objectives while striving to charge lower fees than a typical mutual fund based portfolio. As a Certified Financial Planner (CFP), Patrick understands that risk management is as important as investment returns when managing a client’s investments.

When working with new clients, Patrick creates an Investment Plan that is in line with a client’s retirement goals and risk tolerance. The Investment Plan analyses a new client’s current holdings and then suggests the appropriate strategy for that person’s stage in life. Within the Plan, past rates of return, current yield and geographical asset mix are all illustrated along with the exact fees that a client will pay. It is our goal to be completely transparent and open with our clients around the fees they pay.

Originally from Toronto and a graduate of York University, Patrick currently lives in Mississauga with his wife Terry, daughter Victoria and son Matthew. He keeps busy with his young children’s many activities and enjoys coaching hockey, woodworking and spending time at their cottage in eastern Ontario.

Patrick Tenpenny BA, CFP
Investment Advisor

Patrick began his career with Investment Planning Counsel in 2002 where he spent six years building his practice. In 2008, he teamed up with Tracey McGrath to create a truly full-service practice. He holds the Certified Financial Planner (CFP) designation and his life insurance† license.

Acting as their clients’ chief financial advisor, Patrick is responsible for conducting investment analysis, creating and presenting investment plans and portfolio construction and monitoring investment performance. Patrick, along with Rosi, manages the day-to-day operations of the practice.

In accordance with The McGrath Tenpenny Wealth Management Group*’s asset-based fee practice, Patrick’s role is to construct client portfolios that match each person’s risk tolerance and retirement objectives while striving to charge lower fees than a typical mutual fund based portfolio. As a Certified Financial Planner (CFP), Patrick understands that risk management is as important as investment returns when managing a client’s investments.

When working with new clients, Patrick creates an Investment Plan that is in line with a client’s retirement goals and risk tolerance. The Investment Plan analyses a new client’s current holdings and then suggests the appropriate strategy for that person’s stage in life. Within the Plan, past rates of return, current yield and geographical asset mix are all illustrated along with the exact fees that a client will pay. It is our goal to be completely transparent and open with our clients around the fees they pay.

Originally from Toronto and a graduate of York University, Patrick currently lives in Mississauga with his wife Terry, daughter Victoria and son Matthew. He keeps busy with his young children’s many activities and enjoys coaching hockey, woodworking and spending time at their cottage in eastern Ontario.

Rosi Favaro
Associate, Business Development

With more than 28 years of Investment Industry experience, Rosi is the primary contact person for the McGrath Tenpenny Group and manages the administrative hub, ensuring a high level of client service. Along with her diploma in Business Administration from Conestoga College, Rosi holds the Canadian Securities Course and has her Branch Manger’s designation. Rosi began her career with the Royal Bank in 1987. In 1998 she moved to the Wealth Management side with CIBC Wood Gundy before moving to Macquarie in 2005. After playing a pivotal role in helping the McGrath Tenpenny Group* transition to Macquarie/Richardson GMP in early 2013, Rosi joined the Team as a full-time Associate in July 2014. Entrusted with overseeing the general operations of the Team, Rosi also works closely with Patrick in the area of practice management and supports Tracey in the area of Financial Planning and Insurance. Rosi lives in Burlington with her daughter Amanda and son Justin. In her spare time she enjoys going to the gym, travelling, cooking and working with various charities.

Third-party expertise

To gain the precise expertise we need to manage all aspects of your wealth, we work with a network of carefully selected, third-party professional advisors who provide us with a high level of knowledge and skill on key aspects of your finances.