K.J. Harrison & Partners (Usa) Inc. (Toronto, On)


K.J. Harrison & Partners (Usa) Inc. is an adviser based in Toronto, On. It manages $10.48 million of regulatory assets for 7 client accounts. It has been registered with the SEC as an adviser since 2016 and has operated in the jurisdiction of Texas.

K.J. Harrison & Partners (Usa) provides financial planning services and 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.

K.J. Harrison & Partners (Usa): assets under management

The assets under management (AUM) of K.J. Harrison & Partners (Usa) Inc. is $10.48 million, all of which is managed in discretionary accounts. The firm's AUM has gone down by -30% since the beginning of its operation, and $117 thousand of the total AUM is attributable to clients outside of the United States.

The firm manages $10.48 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.5 million each.

Investments

The firm invests in cash and cash equivalents the most. They account for 41% of the total AUM. The second-largest asset type is exchange traded securities, which make up 32% of the firm’s portfolio. Investments in investment and business development companies form 17% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay K.J. Harrison & Partners (Usa) 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.

What kind of clients Philip Lieberman serves?

The firm provides services to high net worth individuals and pension and profit sharing plans. The largest group of clients of Philip Lieberman is high net worth individuals with 5 clients and $9.16 million of assets under management. Among the 2 most similar advisory firms, K.J. Harrison & Partners (Usa) has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $10.48 million for 6 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 16% of the firm’s clients are foreign persons or businesses.

K.J. Harrison & Partners (Usa) doesn't advise any private funds.

Careers at K.J. Harrison & Partners (Usa) Inc.

The company employs 8 people that are either part- or full-time employees. 25 percent of the employees work as investment advisers or researchers. 2 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.

Philip Lieberman has been acting as President since 1 May 2017. Michael Jaczko joined the executive team most recently as the Director.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Harrison & Partners Holdings Inc. Corporation 1 Dec 2006 75% - 100% none
Sindy Jagger Chief compliance officer 1 Jan 2016 Other 6631323
Kenneth James Harrison Chairman; director 1 May 2017 Other 6606501
Joel Andrew Bruce Clark Ceo & president; director 1 May 2017 Other 6630992
Christine Fulsang Cfo; director 1 May 2017 Other 6864385
Philip Lieberman Director 1 May 2017 Other 6864428
Sarah Bull Director 1 May 2017 Other 6864430
Peter Barlas Director 1 May 2017 Other 6864433
Michael Jaczko Director 1 May 2018 Other 6973548

Based in Toronto, On

The principal office where K.J. Harrison & Partners (Usa) Inc. performs its advisory services is located at 60 Bedford Road, Toronto, On, M5 R 2 K2, 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 877-583-3320 or by fax 416-867-1470. The normal business hours are 8:30 a.m. - 5:00 p.m. on Monday - Friday.