Gavin Management Group, Inc. (Toronto, Ontario)

Name: Gavin Management Group, Inc.
Address: 50 Bay Street, Toronto, Ontario, M5 J 3 A5
Telephone: 416-861-1998

Gavin Management Group, Inc. is an adviser based in Toronto, Ontario. It manages $164.99 million of regulatory assets for 133 client accounts. It has been registered with the SEC as an adviser since 2006 and has operated in the jurisdictions of California, Florida, Minnesota, New York, and Texas.

Gavin Management Group provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and investment consulting. It prepares financial plans for more than 50 clients. On top of advisory services, the firm doesn't engage in other business activities.

Gavin Management Group: assets under management

The assets under management (AUM) of Gavin Management Group, Inc. is $164.99 million. The firm's AUM has grown by 6500% since the beginning of its operation, and $3.76 million of the total AUM is attributable to clients outside of the United States.

The firm manages $159.08 million in discretionary accounts and $5.91 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.25 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $984.85 thousand.

Gavin Management Group has custody of $850 thousand in cash and securities for 31 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 35% of the total AUM. The second-largest asset type is exchange traded securities, which make up 27% of the firm’s portfolio. Investments in pooled investment vehicles form 19% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Gavin Management Group, Inc. for their services and products based on a percentage of assets under management and fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Gavin Management Group serves?

The firm provides services to individuals, high net worth individuals, and pooled investment vehicles. The largest group of clients of Gavin Management Group is high net worth individuals with 33 clients and $136.38 million of assets under management. Among the 7 most similar advisory firms, Gavin Management Group has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $164.25 million for 76 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 14% of the firm’s clients are foreign persons or businesses.

Gavin Management Group also advises several private funds. Namely, one other private fund. The minimum investment commitment required of non-related persons is $250,000 for each fund.

Careers at Gavin Management Group, Inc.

The company employs 5 people that are either part- or full-time employees. 60 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Inc. Tootstay	Shareholder	1 Apr 2006	75% - 100%	foreign entity
Matthew Thomas Bacchiochi	Chief investment officer, chief compliance officer	1 Apr 2006	Other	6038980
Steven J Close	Chief compliance officer	1 Apr 2006	Other	5140084
Steven John Close	Chief compliance officer	1 Apr 2006	Other	5140084
Kevin Matthew Mcmahon	Chief operations officer	1 Jan 2012	Other	6038981

Indirect Owners

The SEC currently registers 1 indirect owner.

Name	Entity	Date acquired	Ownership	Employer ID
Robert Stewart Gavin	Shareholder	1 Apr 2006	75% - 100%	5139937

Based in Toronto, Ontario

The principal office where Gavin Management Group, Inc. performs its advisory services is located at 50 Bay Street, Toronto, Ontario, M5 J 3 A5, which is also the mailing address of the firm. An additional office of the firm is in Tampa, FL. The firm also has an office outside of the United States.

You can reach the main office by calling the phone number 416-861-1998 or by fax 416-861-1914. The normal business hours are 8:30 - 5:00 on Monday - Friday. You can find more information about the New York firm at gavingroup.ca.