We are iA Clarington.

And we will be invested in you.

One of Canada’s leading investment management companies, iA Clarington brings clarity, integrity and commitment to a complicated global investment landscape. We offer a wide range of investments to individual investors through their advisors, including actively managed mutual funds, managed portfolio solutions and socially responsible investments.

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Our active philosophy

At iA Clarington, we believe passionately in the value of active management, the investment products we create and the importance of maintaining unwavering attention to both the big picture and the smallest details.

  1. We believe in active management
  2. We believe in active advice
  3. We believe in our portfolio managers

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Our leadership



"Guiding iA Clarington’s growth is our team of dedicated leaders who bring proven depth of expertise, insight and enthusiasm."


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Join our family

We actively support our employees by providing a healthy work environment that respects the unique personalities and contributions each person brings to iA Clarington. If you want to learn more about a career at iA Clarington, please visit:

  Our careers page

Our philosophy

We believe passionately in the value of active management and that investors have the best chance of success when they work with a skilled financial advisor they can trust.

Watch the iA Clarington story


iA Clarington philosophy

  1. We believe in active management.

    In today's global marketplace, shifting investor demand and unprecedented access to information and products have created both new challenges and new opportunities. As a result, we believe that the best investor outcomes will be achieved by being invested – not just in the markets, but also in distinctive, outcome-based product solutions, and in active trust-based relationships with advisors.

    Today, iA Clarington offers a wide range of active management funds, portfolio solutions, socially responsible investments, and Guaranteed Investment Funds. As a member of the Industrial Alliance family, we also bring strength and stability to every decision.

  2. We believe in active advice.

    We firmly believe investors have the best chance of success when they work with a skilled financial advisor they can trust. In a study by The Investment Funds Institute of Canada (IFIC), people who worked with financial advisors had vastly more wealth – 4.2 times the median assets more – than people who didn’t. That’s why we pride ourselves on being a trustworthy advocate for those advisors who want the best for their clients.

  3. We believe in our portfolio managers.

    Rather than having a house view or approach to investing, we believe in partnering with skilled portfolio managers who have their own particular take on how to achieve success for investors. As a result, iA Clarington is home to a number of highly respected portfolio management teams. These experts choose to call us home because they know iA Clarington is where their unique investment personalities can shine brightest for the benefit of investors. And from this we are proud to offer a full lineup of product solutions that span different investment styles, asset classes and regions to help investors reach their goals.

    When choosing portfolio managers, we focus on three key factors:


    Our portfolio managers have a history of skilled security selection that translates into a desired outcome over the long run, including the effective management of overall portfolio risk. Through the years or even decades of experience, they have developed and honed their own process, and  have a unique view of where opportunity can be found and what it looks like.


    Our portfolio managers have the conviction to follow through on an idea, the courage to make choices that are different from the index and their peer group and the humility to make portfolio course corrections when necessary.


    Our portfolio managers have a very individual take on opportunity. They follow companies and markets constantly, using their own distinct process and discipline to identify prospects the market often overlooks. Opportunity also incorporates the portfolio manager’s ability to be flexible. Managing fund size, limiting constraints and having access to investment opportunities or tools that may not be widely available to retail investors are critical components.

    Our portfolio managers use skill, conviction and opportunity in their attempts to deliver results. Those results include whatever investors need to achieve their goals, from higher returns, to a steady flow of income, to reduced risk.


Our leadership

Guiding iA Clarington’s growth is our team of dedicated leaders who bring proven depth of expertise, insight and enthusiasm.

Watch the iA Clarington story





Carl Mustos

“We will be invested in helping our investors reach their financial goals by actively managing their investments, serving as a trustworthy advocate for their advisors and fostering clarity with every interaction.”

Carl began his career in the mutual fund industry in 1993 as an inside wholesaler with Global Strategy. He held senior wholesaling roles in Vancouver and Calgary before returning to Toronto in 2003 with Mackenzie Financial. Prior to his appointment as president at iA Clarington, Carl held the position of senior vice-president and national sales manager at iA Clarington for nearly eight years.

In addition to his infectious laugh, Carl brings to iA Clarington a wealth of experience in mutual funds, managed solutions and other investments. A consummate learner, he holds an MBA specializing in international business from McMaster University and completed a postgraduate fellowship in international studies at the Boeki Kenshu Centre at Shizuoka University in Fujinomiya, Japan.


Nancy Cappadocia

Vice-President, Finance & Chief Financial Officer
“As a member of the Industrial Alliance family, we bring strength and stability to every decision.”

Nancy joined iA Clarington in 2008 and has over 20 years  in the investment management industry experience. Prior to joining iA Clarington, Nancy held progressively more senior roles including chief financial officer and vice-president of finance at Altamira Investment Services. 

Nancy graduated from the University of Toronto with a Bachelor of commerce and then joined the public accounting firm Deloitte and Touche, where she qualified as a Chartered Accountant. She is a member of the Chartered Professional Accountants of Canada. 

Andrew Dalglish

Andrew Dalglish, CPA, CA

Senior Vice-President, Chief Operating  Officer
“At iA Clarington you'll meet real people who will take the time to understand what’s important to you.”

As a highly respected veteran of the financial services industry, Andrew brings over twenty years of leadership experience to iA Clarington. Andrew previously served as CEO of MRS Securities Services and MRS Inc., chair of Winfund Software Corporation, executive vice-president and chief operating officer of Mackenzie Financial Corporation, and various other roles. 

In addition to his great sense of humour and having a CA designation, Andrew brings extensive experience and a unique perspective, having spent a decade at Deloitte & Touche and served as a past director at the Federation of Mutual Fund Dealers, IPC Investment Corporation, FundSERV Inc. (including a term as board chair) and MFDA Investor Protection Corporation. 


Eric Frape

Senior Vice-President, Product & Investments
“We believe passionately in active management and the investment solutions we create”

Eric has over 18 years of industry experience and expertise developing and bringing to market many innovative investment product lines, including closed and open-ended investment funds, managed and structured products and Canada’s first guaranteed life-cycle funds. He is also responsible for overseeing our internal and external portfolio managers and leads our investment oversight committee.

For iA Clarington, Eric focuses on driving a collaborative process to draw on the breadth of insights across the organization to fuel the creation of investment solutions that serve our investors best. In addition to being a CFA charterholder, Eric is a member of the Toronto Society of Financial Analysts and graduated from the University of Western Ontario with an Honours BA in economics.

Our community

For us, being invested means being an active member of our local communities.

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We actively support our local communities by providing donations to various development and support organizations and institutions. Our donation and sponsorship efforts give priority to those that aim to improve quality of life for individuals and encourage development in the areas of health, social services and children’s charities.

iA Clarington has most recently supported a number of charities and worthy causes, including

  • United Way
  • PARTICIPACTION , the Active Healthy Kids Report Card 
  • North York General Hospital Foundation
  • Prosper Canada -  MPower Money Coaching Pilot Program
  • Toronto Branch of the Daily Bread Food Bank
  • The Road Hockey to Conquer Cancer 

Our employees are likewise encouraged to volunteer their time and passion for whichever humanitarian organizations they personally identify with. For some, this means sitting on the board of a charitable, cultural or community organization, or even a hospital or university foundation. Others organize fundraising events or participate in events held to finance charitable projects. We even have an employee-focused donation program that supports those employees who volunteer or who have requested financial support for organizations with which they are involved. 

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