Newhaven Asset Management Inc. is a mid-sized advisory firm based in Toronto, Ontario. It manages $61.12 million of regulatory assets for 290 client accounts. It has been registered with the SEC as an adviser since 2007.
Newhaven Asset Management provides portfolio management for individuals and small businesses. 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 Newhaven Asset Management Inc. is $61.12 million. The firm's AUM has gone down by -16% since the beginning of its operation, and $60.36 million of the total AUM is attributable to clients outside of the United States.
The advisory firm has a single stream of revenue. Clients pay Newhaven Asset Management Inc. for their services and products based on a percentage of assets under management. 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 individuals, high net worth individuals, and corporations or other businesses. The largest group of clients of Newhaven Asset Management is high net worth individuals with 21 clients and $41.84 million of assets under management. Among the 4 most similar advisory firms, Newhaven Asset Management has the highest percentage of high net worth individuals out of all clients.
The amount of regulatory assets under management is $61.12 million for 114 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 97% of the firm’s clients are foreign persons or businesses.
Newhaven Asset Management doesn't advise any private funds.
The company employs 4 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 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.
The principal office where Newhaven Asset Management Inc. performs its advisory services is located at 141 Adelaide Street West, Toronto, Ontario, M5 H 3 L5, 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 416-815-2277 or by fax 416-815-2273. The normal business hours are 9:00 a.m. to 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at newhavenam.com.