Goodreid Investment Counsel Corp. is a large advisory firm based in Toronto. It manages $227.3 million of regulatory assets for 244 client accounts. It has been registered with the SEC as an adviser since 2008.
Goodreid Investment Counsel Corp provides portfolio management for individuals and small businesses and portfolio management for businesses and institutional clients. It doesn't provide financial planning services to its clients. On top of advisory services, the firm also engages as portfolio manager.
The assets under management (AUM) of Goodreid Investment Counsel Corp. is $227.3 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 61% since the beginning of its operation, and $221.65 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 Goodreid Investment Counsel Corp. 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 other investment advisers, high net worth individuals, and corporations or other businesses. The largest group of clients of Gordon Alexander Reid is high net worth individuals with 207 clients and $152.89 million of assets under management. Among the 12 most similar advisory firms, Goodreid Investment Counsel Corp has the 6th highest percentage of high net worth individuals out of all clients.
The amount of regulatory assets under management is $227.3 million for 240 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 99% of the firm’s clients are foreign persons or businesses.
Goodreid Investment Counsel Corp doesn't advise any private funds.
The company employs 6 people that are either part- or full-time employees. 100 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 compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.
Gordon Alexander Reid has been acting as President since 1 Feb 2000. Andrew Neil Budd joined the executive team most recently as the Chief Compliance Officer.
The principal office where Goodreid Investment Counsel Corp. performs its advisory services is located at 87 Front Street East, Toronto, M5 E 1 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) 364-0890 or by fax (416) 364-1788. The normal business hours are 8:30am - 5:00pm on Monday - Friday. You can find more information about the New York firm at goodreid.com.