Heirloom Investment Management LLC (Toronto)


Heirloom Investment Management LLC is a large advisory firm based in Toronto. It manages $149.67 million of regulatory assets for 3 client accounts. It has been registered with the SEC as an adviser since 2015.

Heirloom Investment Management provides financial planning services, portfolio management for individuals and small businesses, and portfolio management for businesses and institutional clients. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Heirloom Investment Management: assets under management

The assets under management (AUM) of Heirloom Investment Management LLC is $149.67 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 18% since the beginning of its operation, and $149.67 million of the total AUM is attributable to clients outside of the United States.

The firm manages $149.67 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $49.89 million each.

Investments

The firm invests in non-exchange traded securities the most. They account for 37% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 27% of the firm’s portfolio. Investments in other assets form 22% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Heirloom Investment Management LLC for their services and products based on a percentage of assets under management, fixed fees, and performance-based 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 Heirloom Investment Management serves?

The only and largest group of clients of Heirloom Investment Management is high net worth individuals with 2 clients and $149.67 million of assets under management. Among the 12 most similar advisory firms, Heirloom Investment Management has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $149.67 million for 2 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.

Heirloom Investment Management doesn't advise any private funds.

Careers at Heirloom Investment Management LLC

The company employs 3 people that are either part- or full-time employees. 67 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
Geoff Dover President, cio, cco 1 Jul 2015 75% - 100% 4223741
Heirloom Holdings Member 1 May 2016 75% - 100% 598434
Omar Faruqui Manager 1 May 2016 Other 6645809
Donna Clare Beasant Chief compliance officer 1 May 2016 Other 5116320
Bvi Owner 1 May 2016 25% - 50% 598439
Douglas Mark Sawatzky Chief compliance officer 1 Sep 2017 Other 6864489

Indirect Owners

The SEC currently registers 8 indirect owners.

Name Entity Date acquired Ownership Employer ID
Geoff John Dover Managing member 1 Jul 2015 50% - 75% 4223741
Heirloom Investment Holdings Bvi Owner 1 May 2016 25% - 50% 598439
Trellisgate Ltd Owner 1 May 2016 50% - 75% 598434
Lanterngrove Ltd Owner 1 May 2016 50% - 75% 598439
Tcci Trustee 1 May 2016 Other g2zb6g.00000.sp.831
Trellisgate Trust Owner 1 May 2016 75% - 100% g2zb6g.00000.sp.831
Lantergrove Trust Owner 1 May 2016 75% - 100% g2zb6g.00000.sp.831
Geoff John Dover Owner 1 May 2016 50% - 75% 4223741

Based in Toronto

The principal office where Heirloom Investment Management LLC performs its advisory services is located at 77 King St W, Toronto, M5 K 1 G8 The mailing address of the firm is 501 Silverside Road, Suite 105, Wilmington, DE 19809. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 302-261-5318. The normal business hours are 6am-8pm on Monday - Friday.