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. 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 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.