Hexavest Inc. (Montreal, Province Quebec)

Hexavest 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.

Hexavest: assets under management

The assets under management (AUM) of Hexavest Inc. is $19.23 billion. The firm's AUM has grown by 29721% since the beginning of its operation, and $15.4 billion of the total AUM is attributable to clients outside of the United States.

The firm manages $19.23 billion in discretionary accounts and $1.07 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $85.86 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $1.07 million.

Investments

The firm invests in exchange traded securities the most. They account for 48% of the total AUM. The second-largest asset type is pooled investment vehicles, which make up 41% of the firm’s portfolio. Investments in investment and business development companies form 6% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Hexavest 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 Denis Rivest serves?

The firm provides services to individuals, insurance companies, investment companies, charitable organizations, high net worth individuals, pooled investment vehicles, corporations or other businesses, pension and profit sharing plans, state or municipal government entities, and sovereign wealth funds and foreign official institutions. The largest group of clients of Denis Rivest is pooled investment vehicles with 24 clients and $10.03 billion of assets under management. Among the 13 most similar advisory firms, Hexavest has the 5th highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $18.86 billion for 177 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 92% of the firm’s clients are foreign persons or businesses.

Hexavest also advises several private funds. Namely, three other private funds. The minimum investment commitment required of non-related persons is $5,000,000 for each fund.

Careers at Hexavest Inc.

The company employs 46 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’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 don’t receive compensation from other entities for client referrals.

Denis Rivest has been acting as President since 1 Apr 2004. Lewis Richard Piantedosi joined the executive team most recently as the Trustee.

Direct owners and executive officers

Indirect Owners

The SEC currently registers 35 indirect owners.

Based in Montreal, Province Quebec

The principal office where Hexavest Inc. performs its advisory services is located at 1250 Rene Levesque West, Montreal, Province Quebec, H3 B 4 W8, 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 514-390-8484 or by fax 514-390-1184. The normal business hours are 8 - 17 on Monday - Friday. You can find more information about the New York firm at hexavest.com.

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