Wavefront Global Asset Management Corp. (Toronto)

Name: Wavefront Global Asset Management Corp.
Address: 36 Toronto Street, Suite 750, Toronto, M5 C 2 C5
Telephone: 647-503-2346

Wavefront Global Asset Management Corp. is an adviser based in Toronto. It manages $549.95 million of regulatory assets for 5 client accounts. It has been registered with the SEC as an adviser since 2017.

Wavefront Global Asset Management Corp provides portfolio management for individuals and small businesses, portfolio management for investment companies, 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.

Wavefront Global Asset Management Corp: assets under management

The assets under management (AUM) of Wavefront Global Asset Management Corp. is $549.95 million. The firm's AUM has grown by 2% since the beginning of its operation, and $539.35 million of the total AUM is attributable to clients outside of the United States.

The firm manages $38.27 million in discretionary accounts and $511.68 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $9.57 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $511.68 million.

Investments

The firm invests in derivatives the most. They account for 100% of the total AUM.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Wavefront Global Asset Management Corp. 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.

What kind of clients Victor (Nmn) Koloshuk serves?

The firm provides services to insurance companies, investment companies, and high net worth individuals. The largest group of clients of Victor (Nmn) Koloshuk is insurance companies with 1 clients and $511.68 million of assets under management. Among the 3 most similar advisory firms, Wavefront Global Asset Management Corp has the highest percentage of insurance companies out of all clients.

The amount of regulatory assets under management is $549.95 million for 5 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 40% of the firm’s clients are foreign persons or businesses.

Wavefront Global Asset Management Corp doesn't advise any private funds.

Careers at Wavefront Global Asset Management Corp.

The company employs 4 people that are either part- or full-time employees. 75 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.

Victor (Nmn) Koloshuk has been acting as President since 1 Dec 2015. Patrick Joseph Macdonald joined the executive team most recently as the President & Chief Executive Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Roland Austrup	Chairman, chief executive officer, chief investment officer and cco	1 Jun 2003	Other	6111473
Robert Koloshuk	Senior strategist and director of trading	1 Jun 2004	Other	6111481
Jovan Lukovich	Portfolio manager	1 May 2009	Other	6894917
Victor (Nmn) Koloshuk	Director	1 Dec 2015	25% - 50%	4406288
Koloshuk Farrugia Corp.	Shareholder	1 Mar 2017	75% - 100%	foreign
Patrick Joseph Macdonald	President & chief executive officer	1 Oct 2017	Other	6754338

Indirect Owners

The SEC currently registers 1 indirect owner.

Name	Entity	Date acquired	Ownership	Employer ID
Victor (Nmn) Koloshuk	Shareholder	1 Jan 1997	25% - 50%	4406288

Based in Toronto

The principal office where Wavefront Global Asset Management Corp. performs its advisory services is located at 36 Toronto Street, Suite 750, Toronto, M5 C 2 C5, 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 647-503-2346. The normal business hours are 8am - 5pm on Monday - Friday. You can find more information about the New York firm at wavefrontgam.com.