Cidel Asset Management Inc is a large advisory firm based in Toronto, Ontario. It manages $3.27 billion of regulatory assets for 993 client accounts. It has been registered with the SEC as an adviser since 2017 and has operated in the jurisdictions of California and Florida.
Cidel Asset Management provides portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and see schedule d - miscellaneous. 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 Cidel Asset Management Inc is $3.27 billion. The firm's AUM has gone down by -20% since the beginning of its operation, and $3.24 billion of the total AUM is attributable to clients outside of the United States.
The advisory firm has a single stream of revenue. Clients pay Cidel 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, insurance companies, high net worth individuals, corporations or other businesses, pension and profit sharing plans, and sovereign wealth funds and foreign official institutions. The largest group of clients of Cidel Asset Management is sovereign wealth funds and foreign official institutions with 1 clients and $1.42 billion of assets under management. Among the 12 most similar advisory firms, Cidel Asset Management has the highest percentage of sovereign wealth funds and foreign official institutions out of all clients.
The amount of regulatory assets under management is $3.26 billion for 982 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 100% of the firm’s clients are foreign persons or businesses.
Cidel Asset Management doesn't advise any private funds.
The company employs 63 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 are 16 people 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 Cidel Asset Management Inc performs its advisory services is located at 60 Bloor Street West, Toronto, Ontario, M4 W 3 B8, 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 416 977 6767 or by fax 416 977 7650. The normal business hours are 9:00 - 6:00 p.m. on Monday - Friday. You can find more information about the New York firm at cidel.com.