Hillsdale Investment Management Inc. (Toronto)

Name: Hillsdale Investment Management Inc.
Address: 1 First Canadian Place, 100 King Street West, Toronto, M5 X 1 E4
Telephone: 416-913-3900

Hillsdale Investment Management Inc. is a large advisory firm based in Toronto. It manages $1.75 billion of regulatory assets for 116 client accounts. It has been registered with the SEC as an adviser since 2005.

Hillsdale Investment 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.

Hillsdale Investment Management: assets under management

The assets under management (AUM) of Hillsdale Investment Management Inc. is $1.75 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 594% since the beginning of its operation, and $1.72 billion of the total AUM is attributable to clients outside of the United States.

The firm manages $1.75 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $15.06 million each.

Hillsdale Investment Management has custody of $409.29 million in cash and securities for 8 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 99% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 1% of the firm’s portfolio.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Hillsdale Investment Management Inc. 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 Eric Weider serves?

The firm provides services to individuals, high net worth individuals, pooled investment vehicles, and state or municipal government entities. The largest group of clients of Eric Weider is pooled investment vehicles with 16 clients and $1.46 billion of assets under management. Among the 12 most similar advisory firms, Hillsdale Investment Management has the 6th lowest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $1.73 billion for 112 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 96% of the firm’s clients are foreign persons or businesses.

Hillsdale Investment Management also advises several private funds. Namely, six hedge funds. The minimum investment commitment required of non-related persons is $50,000 for each fund.

Careers at Hillsdale Investment Management Inc.

The company employs 24 people that are either part- or full-time employees. 50 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 compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Eric Weider has been acting as President since 1 Jan 1996. Ian Dwain Rhoden joined the executive team most recently as the Senior Vice President Finance And Compliance, Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Albert Christopher Guthrie	Chief executive officer	1 Jan 1996	Other	5072310
Eric Weider	Director	1 Jan 1996	Other	5072323
John Frederick Clifford	Director	1 Jan 1996	Other	5072341
Arun Kaul	Chief operating officer	1 Dec 1996	Other	5072317
Weider Health & Fitness	Shareholder	1 Dec 1997	Other	880314801
Guthmore Holdings Limited	Shareholder	1 Jul 2000	25% - 50%	893393546
John David Motherwell	Vice-president	1 Aug 2000	Other	5072332
John Henry Loeprich	Senior vice-president	1 Mar 2001	Other	5072336
Ian Douglas Pember	Coo, svp administration & compliance, chief compliance officer	1 Mar 2003	Other	5072326
Harry Samuel Marmer	Executive vice-president	1 Feb 2008	Other	4742089
Ian Dwain Rhoden	Senior vice-president finance and compliance, chief compliance officer	1 Dec 2017	Other	6925519
Kelly Lynne Reynolds	Senior vice-president trading and operations	1 Dec 2017	Other	6925531

Indirect Owners

The SEC currently registers 5 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Ben Weider	President and shareholder	1 Mar 1984	75% - 100%	5091244
Estate Of Ben Weider	President and shareholder	1 Mar 1984	75% - 100%	5091244
Mle Holdings Company	Shareholder	1 Oct 2003	75% - 100%	888594835
E.U.L.C. Holdings Company	Shareholder	1 Mar 2009	50% - 75%	887488229
Eric Weider	President and shareholder	1 Mar 2009	75% - 100%	5072323

Based in Toronto

The principal office where Hillsdale Investment Management Inc. performs its advisory services is located at 1 First Canadian Place, 100 King Street West, Toronto, M5 X 1 E4, 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 416-913-3900 or by fax 416-913-3901. The normal business hours are 9 a.m. to 5 p.m. on Monday - Friday. You can find more information about the New York firm at hillsdaleinv.com.