Wealhouse Capital Limited Partnership (Toronto, Ontario)

Name: Wealhouse Capital Limited Partnership
Address: 401 Bay Street, Toronto, Ontario, M5 H 2 Y4
Telephone: 416-644-1190

Wealhouse Capital Limited Partnership is an adviser based in Toronto, Ontario. It manages $626.49 million of regulatory assets for 10 client accounts. It has been registered with the SEC as an adviser since 2016.

Wealhouse Capital Limited Partnership provides portfolio management for individuals and small businesses and portfolio management for pooled investment vehicles. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Wealhouse Capital Limited Partnership: assets under management

The assets under management (AUM) of Wealhouse Capital Limited Partnership is $626.49 million, all of which is managed in discretionary accounts. The firm's AUM has gone down by -11% since the beginning of its operation, and $626.49 million of the total AUM is attributable to clients outside of the United States.

The firm manages $626.49 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $62.65 million each.

Investments

The firm invests in other assets the most. They account for 37% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 35% of the firm’s portfolio. Investments in exchange traded securities form 16% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Wealhouse Capital Limited Partnership 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 Wealhouse Capital Limited Partnership serves?

The firm provides services to high net worth individuals and pooled investment vehicles. The largest group of clients of Wealhouse Capital Limited Partnership is high net worth individuals with 4 clients and $355.67 million of assets under management. Among the 7 most similar advisory firms, Wealhouse Capital Limited Partnership has the 3rd lowest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $523.77 million for 8 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.

Wealhouse Capital Limited Partnership doesn't advise any private funds.

Careers at Wealhouse Capital Limited Partnership

The company employs 9 people that are either part- or full-time employees. 44 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.

Scott Andrew Morrison has served as the Chief Investment Officer since 1 Jul 2008. 2543748 Ontario Ltd. joined the executive team most recently as the Shareholder.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
2163167 Ontario Ltd	Limited partner	1 Feb 2008	25% - 50%	foreign
Scott Andrew Morrison	Chief executive officer/chief investment officer	1 Jul 2008	25% - 50%	6614218
Amolino Group Inc.	Limited partner	1 Jan 2011	25% - 50%	foreign
D.K. Consulting Ltd.	Limited partner	1 Jan 2011	Other	foreign
2063225 Ontario Inc.	Limited partner	1 Jan 2011	25% - 50%	foreign
Thomas Alan Moore	Director client services	1 May 2011	Other	6614221
Lydia Suk Man Ching	Chief compliance officer/director of operations	1 Sep 2011	Other	6614219
Wealhouse Management Gp Inc.	General partner	1 Mar 2015	Other	foreign
2543748 Ontario Ltd.	General partner	1 Dec 2016	Other	foreign
2543798 Ontario Ltd.	General partner	1 Dec 2016	Other	foreign

Indirect Owners

The SEC currently registers 9 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Scott Andrew Morrison	Member	1 Feb 2008	75% - 100%	6614218
Dennis Gustav Kavelman	Member	1 Jan 2011	75% - 100%	6614225
James Laurence Balsillie	Shareholder	1 Jan 2011	75% - 100%	1849021
2163167 Ontario Ltd	Shareholder	1 Feb 2015	25% - 50%	foreign
2063225 Ontario Inc.	Shareholder	1 Feb 2015	25% - 50%	foreign
James Laurence Balsillie	Shareholder	1 Jul 2015	75% - 100%	1849021
Amolino Group Inc.	Shareholder	1 Jul 2015	25% - 50%	foreign
Scott Andrew Morrison	Member	1 Dec 2016	75% - 100%	6614218
2543748 Ontario Ltd.	Shareholder	1 Mar 2017	25% - 50%	foreign

Based in Toronto, Ontario

The principal office where Wealhouse Capital Limited Partnership performs its advisory services is located at 401 Bay Street, Toronto, Ontario, M5 H 2 Y4, 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 416-644-1190 or by fax 416-644-3612. The normal business hours are 9:00 a.m. - 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at wealhouse.com/.