Michel Trépanier, MBA, FCSI®, CIM®

Portfolio Manager, Senior Wealth Manager

T 514-281-7097

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Languages: French, English


In 1984, after completing a master’s degree in business administration at Université Laval, Mr. Trépanier became a professor at the Université du Québec à Chicoutimi, where he taught corporate finance for five years. In 1990, he accepted a management position at the Institute of Canadian Bankers to develop and manage a program of specialized training seminars. Increased interest among bank customers in the Institute’s personal financial planning seminar led him to start his own personal financial planning firm. He worked on an independent basis as a financial planner and financial security advisor until December 2000. 

In January 2001, he joined Desjardins Securities. In 2003, he earned the title of Chartered Investment Manager (CIM®) after completing the training course with honours. 

In 2006, he was received as a Fellow of Canadian Securities Institute. In 2012 he launched his discretionary management program based on strategic index asset allocation.

Mr. Trépanier meets the highest ethical and professional standards.

Michel Trépanier Team

Michel Trépanier Team


Helping individuals and businesses acquire, develop, protect and bequeath their financial wealth.

As part of a consultative approach, we determine our clients’ needs and desires to help them select the financial strategies best suited to their situation. We then implement and coordinate these strategies to help attain various goals so that our clients can fulfil their dreams.

Investment Philosophy

Empirical studies show that asset allocation explains more than 90% of a portfolio’s return and that index management generally provides a higher return over time than traditional active management. In light of these observations, we have developed an asset management methodology based on strategic index asset allocation.

To ensure specific exposure to various financial markets and to different categories and sub-categories of assets, we use exchanged-traded funds (ETFs) that reproduce indices and financial strategies. In this way, we can alter strategic asset allocation quickly and inexpensively, reflecting new macroeconomic outlooks as required. 

To validate or revise our choices in the composition and strategic allocation of index assets, we regularly evaluate a set of macroeconomic, quantitative, qualitative and event-related data.

Portfolio rebalancing based on specific strategic asset allocation parameters leads us to buy eqity ETFs when markets fall below a specific trigger point and, similarly, to sell fixed-income ETFs when markets rise above a trigger point. The idea is to “buy cheap and sell dear.” Our management mechanism leads us in this direction most of the time.

Fixed-income ETFs provide credit risk diversification, maturity diversification and particular sensitivity to changes in interest rates. 

Equity ETFs provide diversification by country or geographic area, by business sector, by market capitalization and by financial strategy.

Benefits that result from our investment strategy:

  • Access to financial markets worldwide and to all asset categories 
  • Strategic asset allocation that maximizes diversification
  • Rebalancing based on specific allocation parameters 
  • Tax efficiency due to low turnover of positions in a portfolio
  • Modest management fees collected by exchange-traded funds
  • Fixed management fees based on assets under management
  • Transparency in operations and costs

As a precaution, we invest in exhchange-tradeed funds (ETFs) that hold the same assets or a wide array of the assets in the index they seek to replicate. We do not invest in synthetic ETFs that get their value from derivatives.

What sets us apart

We combine financial planning with asset management to achieve fuller coordination of our clients’ overall financial strategies at each stage of their lives.

We seek a higher relative return on assets but above all an absolute return that is adequate for our clients to fulfil their dreams and ambitions. Performance goals are not guarantees of performance, however.

Our approach is structured and structure-building.


Reliability, transparency and integrity: We are committed to saying what we do and to doing as we say – always.

Prudence and dynamism: We take a thoughtful approach and dare to do what is needed.

Simplicity: We focus on simplifying financial notions to help clients grasp them.

Service Offer

Our service offer is divided into three parts:

  • financial projection;
  • portfolio management; and
  • financial security management1.

Our financial products encompass all stocks traded on the main North American exchanges and a wide range of insurance brokerage products including annuities as well as life, critical illness and disability insurance

Our discretionary management program, based on strategic index asset allocation, comprises five investment portfolios. Each of them represents a complete management solution that meets the requirements of a given investor profile. Our portfolios are designed to obtain specific exposure to various financial markets and to various categories and sub-catgegories of financial assets.

  1. Through Desjardins Securities Financial Services or the Caisse network. 

Biographies of my colleagues

  • Michel Magny,

    Associate Wealth Management Advisor

    T 514-281-2326

    Languages: French, English

    • Holds a business administration certificate from HEC Montréal
    • Has been a licensed investment advisor since 1988
    • Worked in several major securities firms, including as an investment advisor and trader
    • Has been a key member of the Michel Trépanier team since 2006

    Michel is enthusiastic and experienced, and oversees trading execution and financial market events. He stands out for his trading expertise and commitment to always provide the best possible service to our clients.

  • Marie-Ève Langlois, BBA

    Assistant Wealth Management Advisor

    T 514-281-8274

    Languages: French, English


    • Holds a bachelor of business administration from HEC Montréal
    • Joined Desjardins Securities in 2018, and the Michel Trépanier team in 2020
    • Helps the team with administration, communications and transactions, and prepares financial projections for clients

    Marie-Ève is detail-oriented and has excellent organizational skills, making her a great asset to the team. She is known for her collaboration skills and commitment to clients.

  • Erik-Aubert Lecavalier, M. Sc., CFA

    Assistant Wealth Management Advisor

    T 514-281-1126

    Languages: French, English


    • Holds a Master of Science (MSc) in Management from HEC Montréal and the Chartered Financial Analyst (CFA) designation
    • Has more than 20 years of experience in institutional finance, including 11 years with Caisse de dépôt et placement du Québec in financial analysis and in the trading room
    • Worked in market risk management at Desjardins and analytical support at National Bank
    • Was a real estate investor and rental apartment manager in Montreal for nearly 20 years
    • Taught personal finance and investment courses at HEC Montréal

    Erik joined the Michel Trépanier team in 2023 to pursue his passion for financial markets and wealth management. With his ability to wear several hats, he plays multiple roles within the team in the areas of portfolio analysis and asset allocation. He also helps write financial letters, serves clients and provides administration and compliance support.


Desjardins Securities at Montréal - Le Windsor

1170, Peel Street
Suite 300
Montréal (Québec) H3B 0A9

514-985-7585 Toll-free : 1-866-985-7585Fax : 514-281-4255

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