Addenda Capital Inc. is a large advisory firm based in Montreal, Quebec. It manages $21.15 billion of regulatory assets for 238 client accounts. It has been registered with the SEC as an adviser since 2005 and has operated in the jurisdictions of Alabama, Arkansas, Delaware, and 6 other states.
Addenda Capital provides portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, publication of newsletters, and educational seminars and workshops. 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 Addenda Capital Inc. is $21.15 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 6% since the beginning of its operation, and $21.14 billion of the total AUM is attributable to clients outside of the United States.
The advisory firm has several streams of revenue. Clients pay Addenda Capital Inc. for their services and products based on a percentage of assets under management, fixed fees, 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 insurance companies, charitable organizations, high net worth individuals, pooled investment vehicles, corporations or other businesses, pension and profit sharing plans, and state or municipal government entities. The largest group of clients of Michel Therien is insurance companies with 17 clients and $7.26 billion of assets under management. Among the 7 most similar advisory firms, Addenda Capital has the highest percentage of insurance companies out of all clients.
The amount of regulatory assets under management is $20.3 billion for 223 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.
Addenda Capital doesn't advise any private funds.
The company employs 131 people that are either part- or full-time employees. 40 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.
Michel Therien has been acting as President since 1 Apr 2008. Yvan Fontaine has served as the Chief Investment Officer since 1 Dec 2000. Karen Sue Ann Higgins joined the executive team most recently as the Director.
The principal office where Addenda Capital Inc. performs its advisory services is located at 800 Rene Levesque Blvd. West, Montreal, Quebec, H3 B 1 X9, 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 514-287-7373 or by fax 514-287-7200. The normal business hours are 8:30 a.m. / 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at addenda-capital.com.