Montrusco Bolton Investments Inc. (Montreal)

Name: Montrusco Bolton Investments Inc.
Address: 1501 Mcgill College Avenue, Montreal, H3 A3 M8
Telephone: 514-842-6464

Montrusco Bolton Investments Inc. is a large advisory firm based in Montreal. It manages $3.43 billion of regulatory assets for 129 client accounts. It has been registered with the SEC as an adviser since 2013.

Montrusco Bolton Investments 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.

Montrusco Bolton Investments: assets under management

The assets under management (AUM) of Montrusco Bolton Investments Inc. is $3.43 billion. The firm's AUM has gone down by -39% since the beginning of its operation, and $3.42 billion of the total AUM is attributable to clients outside of the United States.

The firm manages $3.13 billion in discretionary accounts and $294.91 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $29.82 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $12.29 million.

Montrusco Bolton Investments has custody of $668.57 million in cash and securities for 13 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 51% of the total AUM. The second-largest asset type is sovereign bonds, which make up 33% of the firm’s portfolio. Investments in cash and cash equivalents form 11% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Montrusco Bolton Investments 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.

What kind of clients Montrusco Bolton Investments serves?

The firm provides services to insurance companies, investment companies, charitable organizations, high net worth individuals, pooled investment vehicles, banking or thrift institutions, corporations or other businesses, pension and profit sharing plans, and state or municipal government entities. The largest group of clients of Montrusco Bolton Investments is investment companies with 15 clients and $1.38 billion of assets under management. Among the 9 most similar advisory firms, Montrusco Bolton Investments has the highest percentage of investment companies out of all clients.

The amount of regulatory assets under management is $3.43 billion for 129 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 99% of the firm’s clients are foreign persons or businesses.

Montrusco Bolton Investments also advises several private funds. Namely, one private equity fund. The minimum investment commitment required of non-related persons is $150,000 for each fund.

Careers at Montrusco Bolton Investments Inc.

The company employs 34 people that are either part- or full-time employees. 65 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There’s a single person with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates employees in addition to the salary for bringing in new clients. Employees receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Jean Meloche	Vice president	1 Jun 1988	Other	5835170
Sylvain Boule	President, chief executive officer	1 Feb 1992	Other	5823733
Benoit Bourdages	Vice president, operations	1 Jun 1996	Other	5823742
Jocelyn Boisvert	Vice president, compliance and marketing	1 Jul 1997	Other	5823745
Ismael Chiadmi	Senior vice president	1 Aug 1997	Other	5823740
Tim Russell	Vice president	1 Aug 1997	Other	5823764
Ginette Therien	Vice president administration and compliance	1 Dec 1998	Other	5823768
Richard Guay	Senior vice president	1 Sep 2000	Other	5835180
Christian Godin	Senior vice president	1 May 2001	Other	5823736
John Goldsmith	Vice president, deputy head of equities	1 Apr 2004	Other	5823771
Jean David Meloche	Vice president and portfolio manager	1 Jan 2005	Other	5835185
Jean Claude Ayotte	Chief compliance officer, chief financial officer	1 Jun 2005	Other	5823730
Inc. Montrusco Bolton	Shareholder	1 Jul 2005	75% - 100%	103756227 rc0001
Michael Pierre Bouet	Senior analyst	1 Mar 2008	Other	6318017
Fonds De Solidarite Des Travaileurs Du Quebec	Shareholder	1 Nov 2008	25% - 50%	101837920rt0001
Kimberly Melissa Cheong	Senior analyst	1 Oct 2009	Other	6318013
Behrak Shahriari	Portfolio manager	1 Oct 2009	Other	6318012
Amg Canada Holding Corp.	Shareholder	1 Dec 2010	25% - 50%	10057423rc0002
Karl Gauvin	Vice president, corporate development	1 Sep 2012	Other	4629229
Robert Yvon Leblanc	Vice president, business development	1 Dec 2013	Other	6318006
Marc Natal	Vice president, client servicing	1 Feb 2018	Other	6927683
Olivier Barres	Vice president, fixed income	1 Feb 2018	Other	6927688
Giuseppe Dimassimo	Vice president, business development	1 Feb 2018	Other	6927690

Indirect Owners

The SEC currently registers 2 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Amg North America Holding Corp.	Shareholder	1 Jul 2005	75% - 100%	01-0839733
Inc. Affiliated Managers Group	Shareholder	1 Jul 2005	75% - 100%	04-3218510

Based in Montreal

The principal office where Montrusco Bolton Investments Inc. performs its advisory services is located at 1501 Mcgill College Avenue, Montreal, H3 A3 M8, 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 514-842-6464 or by fax 514-282-2503. The normal business hours are 9:00 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at montruscobolton.com and its LinkedIn profile.