Claret Asset Management Corp (Montreal Quebec)

Name: Claret Asset Management Corp
Address: 2000 Mcgill College Ave, Montreal Quebec, H3 A 3 N4
Telephone: 514-842-6110

Claret Asset Management Corp is a large advisory firm based in Montreal Quebec. It manages $1.21 billion of regulatory assets for 3,330 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of California, Florida, Massachusetts, and 3 other states.

Claret Asset Management Corp provides portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, and foundations, holding companies and pension funds. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Claret Asset Management Corp: assets under management

The assets under management (AUM) of Claret Asset Management Corp is $1.21 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 1508% since the beginning of its operation, and $1.17 billion of the total AUM is attributable to clients outside of the United States.

The firm manages $1.21 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $362.06 thousand each.

Investments

The firm invests in exchange traded securities the most. They account for 72% of the total AUM. The second-largest asset type is pooled investment vehicles, which make up 10% of the firm’s portfolio. Investments in cash and cash equivalents form 9% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Claret Asset Management Corp 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 William Kenneth Kovalchuk serves?

The firm provides services to individuals, charitable organizations, other investment advisers, high net worth individuals, and corporations or other businesses. The largest group of clients of William Kenneth Kovalchuk is corporations or other businesses with 266 clients and $413.97 million of assets under management. Among the 7 most similar advisory firms, Claret Asset Management Corp has the highest percentage of corporations or other businesses out of all clients.

The amount of regulatory assets under management is $1.17 billion for 1,670 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.

Claret Asset Management Corp also advises several private funds. Namely, eight other private funds.

Careers at Claret Asset Management Corp

The company employs 36 people that are either part- or full-time employees. 33 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 5 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.

William Kenneth Kovalchuk has been acting as President since 1 Aug 1996. Chi Lai Kwok joined the executive team most recently as the Chief Financial Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Alain Du Chung	Executive vice president	1 Aug 1996	50% - 75%	4372487
William Kenneth Kovalchuk	President/cco	1 Aug 1996	25% - 50%	4372461
Jean Paul Giacometti	Vice-president	1 Oct 2000	Other	4372495
Monique Elizabeth Milford Gravel	Ceo	1 Mar 2017	Other	6882927
Alain Du Chung	Chairman and chief investment officer	1 Apr 2017	50% - 75%	4372487
Chi Lai Kwok	Chief financial officer	1 May 2019	Other	7125884
Kathleen Elizabeth Helen Crochetiere	Chief compliance officer	1 May 2019	Other	7117043

Based in Montreal Quebec

The principal office where Claret Asset Management Corp performs its advisory services is located at 2000 Mcgill College Ave, Montreal Quebec, H3 A 3 N4, 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 514-842-6110 or by fax 514-842-6123. The normal business hours are 9:00 - 5:00 on Monday - Friday. You can find more information about the New York firm at claret.ca and its LinkedIn profile.