Burgundy Asset Management Ltd. is a large advisory firm based in Toronto, Ontario. It manages $25.27 billion of regulatory assets for 2,992 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdiction of New York.
Burgundy Asset Management 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 Burgundy Asset Management Ltd. is $25.27 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 1584% since the beginning of its operation, and $21.4 billion of the total AUM is attributable to clients outside of the United States.
The advisory firm has several streams of revenue. Clients pay Burgundy Asset Management Ltd. for their services and products based on a percentage of assets under management and performance-based fees. 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.
The firm provides services to individuals, insurance companies, charitable organizations, other investment advisers, high net worth individuals, pooled investment vehicles, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Burgundy Asset Management is pension and profit sharing plans with 107 clients and $8.16 billion of assets under management. Among the 11 most similar advisory firms, Burgundy Asset Management has the 2nd highest percentage of pension and profit sharing plans out of all clients.
The amount of regulatory assets under management is $25.27 billion for 2,992 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 98% of the firm’s clients are foreign persons or businesses.
Burgundy Asset Management also advises several private funds. Namely, eight other private funds. The minimum investment commitment required of non-related persons ranges from $250,000 to $1,000,000.
The company employs 158 people that are either part- or full-time employees. 36 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.
The principal office where Burgundy Asset Management Ltd. performs its advisory services is located at Bay Wellington Tower, 181 Bay Street, Ste 4510, Toronto, Ontario, M5 J 2 T3, 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) 869-3222 or by fax (416) 869-9036. The normal business hours are 8 am to 5 pm on Monday - Friday. You can find more information about the New York firm at burgundyasset.com and its LinkedIn profile.