Newhaven Asset Management Inc. (Toronto, Ontario)

Name: Newhaven Asset Management Inc.
Address: 141 Adelaide Street West, Toronto, Ontario, M5 H 3 L5
Telephone: 416-815-2277

Newhaven Asset Management Inc. is a mid-sized advisory firm based in Toronto, Ontario. It manages $61.12 million of regulatory assets for 290 client accounts. It has been registered with the SEC as an adviser since 2007.

Newhaven Asset Management provides portfolio management for individuals and small businesses. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Newhaven Asset Management: assets under management

The assets under management (AUM) of Newhaven Asset Management Inc. is $61.12 million. The firm's AUM has gone down by -16% since the beginning of its operation, and $60.36 million of the total AUM is attributable to clients outside of the United States.

The firm manages $54.14 million in discretionary accounts and $6.98 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $197.6 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $435.97 thousand.

Investments

The firm invests in exchange traded securities the most. They account for 81% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 13% of the firm’s portfolio. Investments in investment and business development companies form 4% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Newhaven Asset Management 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 Newhaven Asset Management serves?

The firm provides services to individuals, high net worth individuals, and corporations or other businesses. The largest group of clients of Newhaven Asset Management is high net worth individuals with 21 clients and $41.84 million of assets under management. Among the 4 most similar advisory firms, Newhaven Asset Management has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $61.12 million for 114 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 97% of the firm’s clients are foreign persons or businesses.

Newhaven Asset Management doesn't advise any private funds.

Careers at Newhaven Asset Management Inc.

The company employs 4 people that are either part- or full-time employees. 50 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Trident Advisors Inc.	Shareholder	1 Feb 1999	Other	88983 4826 rc0001
Inc. Cfg Holdings	Shareholder	1 Jun 1999	25% - 50%	86866 5092 rc0001
Gregory Ward Burgess	Director and managing director	1 Oct 2003	Other	2526398
Gregory Ward Burgess	Shareholder	1 Jan 2006	Other	2526398
Stephen T Moore	Director, managing director and chief compliance officer	1 Jan 2006	Other	5098160
Ldi Investments Inc.	Shareholder	1 Jan 2006	75% - 100%	foreign
Ivy Lea Investments Inc.	Shareholder	1 Jan 2006	Other	foreign
Flying Walrus Investments Inc.	Shareholder	1 Jan 2006	Other	foreign
Ryan K Bushell	President and shareholder	1 Dec 2017	Other	6930244

Indirect Owners

The SEC currently registers 8 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Lorna G. Anderson	Shareholder	1 Nov 1982	50% - 75%	5008269
William John Anderson	Shareholder	1 Nov 1982	50% - 75%	2785122
John Paul Sabourin	Sole shareholder	1 Oct 1991	75% - 100%	5075155
Stephen T Moore	Sole shareholder	1 Dec 1994	75% - 100%	5098160
Graham Murray Carter	Sole shareholder	1 Jan 1998	75% - 100%	3245156
Robert Bruce Poile	Shareholder	1 Jun 1998	50% - 75%	1877565
Kerry Blue Investments Ltd.	Shareholder	1 Jun 1998	50% - 75%	10281 9604 rp0001
Walter James Ratcliffe	Sole shareholder	1 Jan 2006	75% - 100%	5008505

Based in Toronto, Ontario

The principal office where Newhaven Asset Management Inc. performs its advisory services is located at 141 Adelaide Street West, Toronto, Ontario, M5 H 3 L5, 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 416-815-2277 or by fax 416-815-2273. The normal business hours are 9:00 a.m. to 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at newhavenam.com.