Trapeze Asset Management Inc. (Toronto, Ontario)

Name: Trapeze Asset Management Inc.
Address: 22 St. Clair Avenue East, Toronto, Ontario, M4 T 2 S3
Telephone: 416-861-0774

Trapeze Asset Management Inc. is a mid-sized advisory firm based in Toronto, Ontario. It manages $83.36 million of regulatory assets for 788 client accounts. It has been registered with the SEC as an adviser since 2006 and has operated in the jurisdictions of California, Florida, New York, and Texas.

Trapeze Asset Management provides portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, 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 doesn't engage in other business activities.

Trapeze Asset Management: assets under management

The assets under management (AUM) of Trapeze Asset Management Inc. is $83.36 million. The firm's AUM has gone down by -84% since the beginning of its operation, and $72 million of the total AUM is attributable to clients outside of the United States.

The firm manages $77.21 million in discretionary accounts and $6.15 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $99.76 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $439.46 thousand.

Investments

The firm invests in exchange traded securities the most. They account for 62% of the total AUM. The second-largest asset type is non-exchange traded securities, which make up 15% of the firm’s portfolio. Investments in cash and cash equivalents form 10% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Trapeze Asset Management Inc. for their services and products based on a percentage of assets under management 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 Trapeze Asset Management serves?

The firm provides services to individuals, high net worth individuals, pooled investment vehicles, and corporations or other businesses. The largest group of clients of Trapeze Asset Management is individuals with 645 clients and $40.09 million of assets under management. Among the 4 most similar advisory firms, Trapeze Asset Management has the 2nd highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $83.36 million for 835 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 85% of the firm’s clients are foreign persons or businesses.

Trapeze Asset Management doesn't advise any private funds.

Careers at Trapeze Asset Management Inc.

The company employs 24 people that are either part- or full-time employees. 50 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There’s a single person 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Mohammad Abdul Salam	Chief financial officer	1 Jun 1994	Other	4916890
Randall Dov Abramson	President, chief executive officer, director	1 Sep 1999	Other	4487618
1346049 Ontario Limited	Shareholder	1 Sep 1999	75% - 100%	foreign
Martin Gerald Braun	President, director, shareholder	1 Sep 1999	25% - 50%	4487627
Adam Lyle Abramson	Director, chief compliance officer, vice-president	1 Jan 2002	Other	4535279
Herbert Nnn Abramson	Chairman, director	1 May 2002	Other	4535316
Herbert Abramson	Chairman, director	1 May 2002	Other	4535316
Mohammad Abdul Salam	Chief financial officer	1 Jun 2004	Other	4916890
Bertha Alexandra Hidalgo	Chief financial officer	1 May 2017	Other	6919571

Indirect Owners

The SEC currently registers 1 indirect owner.

Name	Entity	Date acquired	Ownership	Employer ID
Randall Dov Abramson	President, director, shareholder	1 Aug 1999	75% - 100%	4487618

Based in Toronto, Ontario

The principal office where Trapeze Asset Management Inc. performs its advisory services is located at 22 St. Clair Avenue East, Toronto, Ontario, M4 T 2 S3, 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 416-861-0774 or by fax 416-867-9771. The normal business hours are 9am-5pm on Monday - Friday. You can find more information about the New York firm at trapezeasset.com.