Cumberland Investment Counsel Inc. is a large advisory firm based in Toronto Ontario. It manages $1.09 billion of regulatory assets for 108 client accounts. It has been registered with the SEC as an adviser since 2018.
Cumberland 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.
The assets under management (AUM) of Cumberland Investment Counsel Inc. is $1.09 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 0% since the beginning of its operation, and $1.07 billion of the total AUM is attributable to clients outside of the United States.
The advisory firm has several streams of revenue. Clients pay Cumberland Investment Counsel Inc. for their services and products based on a percentage of assets under management and performance-based fees. The adviser charges an additional fee when a set benchmark is outperformed. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
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 12 clients and $935.29 million of assets under management. Among the 13 most similar advisory firms, Cumberland Investment Counsel has the 5th highest percentage of pooled investment vehicles out of all clients.
The amount of regulatory assets under management is $1.09 billion for 108 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.
Cumberland Investment Counsel doesn't advise any private funds.
The company employs 21 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 6 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. Craig John Millar joined the executive team most recently as the President.
The principal office where Cumberland 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/.