Cumberland Associates Investment Counsel Inc. (Toronto Ontario)


Cumberland Associates Investment Counsel Inc. is a large advisory firm based in Toronto Ontario. It manages $464.45 million of regulatory assets for 104 client accounts. It has been registered with the SEC as an adviser since 2010.

Cumberland Associates Investment Counsel provides portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, and portfolio management for businesses and institutional clients. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Cumberland Associates Investment Counsel: assets under management

The assets under management (AUM) of Cumberland Associates Investment Counsel Inc. is $464.45 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 4037% since the beginning of its operation, and $446.19 million of the total AUM is attributable to clients outside of the United States.

The firm manages $464.45 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $4.47 million each.

Investments

The firm invests in exchange traded securities the most. They account for 54% of the total AUM. The second-largest asset type is investment grade corporate bonds, which make up 21% of the firm’s portfolio. Investments in non-investment grade corporate bonds form 9% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Cumberland Associates Investment Counsel Inc. for their services and products based on a percentage of assets under management. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Gerald Raymond Connor serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, pooled investment vehicles, and corporations or other businesses. The largest group of clients of Gerald Raymond Connor is pooled investment vehicles with 9 clients and $315.24 million of assets under management. Among the 12 most similar advisory firms, Cumberland Associates Investment Counsel has the 5th highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $464.45 million for 104 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 96% of the firm’s clients are foreign persons or businesses.

Cumberland Associates Investment Counsel doesn't advise any private funds.

Careers at Cumberland Associates Investment Counsel Inc.

The company employs 14 people that are either part- or full-time employees. 86 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There are 4 people with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Gerald Raymond Connor has been acting as President since 1 Feb 2007. Gary Edmond Perron joined the executive team most recently as the Director.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Shirley Hom Secretary-treasurer/chief compliance officer 1 Sep 2004 Other 4391671
Cumberland Partners Ltd. Owner (100%) 1 Jan 2007 75% - 100% bn89405 8221 (cdn)
Gerald Raymond Connor Director 1 Feb 2007 Other 5291666
Michael St. Clair Mcevenue Director 1 Feb 2007 Other 5291667
Thomas Ardagh Starkey Director & chief investment officer 1 Jul 2009 Other 4391715
Bruce Ross Jackson Director 1 Jan 2010 Other 2594762
Michael Allan Robbie Vice president 1 Jun 2010 Other 5816690
Wesley Diong Director 1 Sep 2010 Other 5845800
Sukyong Caroline Yang President 1 Apr 2013 Other 6194420
Charles Robert Sims Director 1 Apr 2016 Other 4309261
Gary Edmond Perron Director 1 May 2018 Other 6943035

Indirect Owners

The SEC currently registers 3 indirect owners.

Name Entity Date acquired Ownership Employer ID
Gerald Raymond Connor Shareholder of common and class a vtg shares 1 Sep 2014 75% - 100% 5291666
The Connor Corporation Class g shareholder 1 Oct 2015 25% - 50% foreign
Cpl Holdings Ltd. Shareholder 1 May 2018 25% - 50% foreign

Based in Toronto Ontario

The principal office where Cumberland Associates Investment Counsel Inc. performs its advisory services is located at 99 Yorkville Avenue, 3 F, Toronto Ontario, M5 R 3 K5, which is also the mailing address of the firm. The firm also has an office outside of the United States.

You can reach the main office by calling the phone number 416-482-5337. The normal business hours are 8:30am - 5:30pm on Monday - Friday. You can find more information about the New York firm at cumberlandcounsel.com/.