Tdam Usa Inc. (Toronto, Ontario)


Tdam Usa Inc. is a large advisory firm based in Toronto, Ontario. It manages $4.79 billion of regulatory assets for 3,158 client accounts. It has been registered with the SEC as an adviser since 2008 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 47 other states.

Tdam U provides portfolio management for individuals and small businesses, portfolio management for investment companies, 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.

Tdam U: assets under management

The assets under management (AUM) of Tdam Usa Inc. is $4.79 billion. The firm's AUM has gone down by -71% since the beginning of its operation, and $125.39 million of the total AUM is attributable to clients outside of the United States.

The firm manages $4.77 billion in discretionary accounts and $20.84 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.51 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $10.42 million.

Investments

The firm invests in government bonds the most. They account for 32% of the total AUM. The second-largest asset type is exchange traded securities, which make up 30% of the firm’s portfolio. Investments in investment grade corporate bonds form 20% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Tdam Usa Inc. for their services and products based on a percentage of assets under management and fixed fees. 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 Peter Scott Mottek serves?

The firm provides services to individuals, insurance companies, investment companies, charitable organizations, high net worth individuals, pooled investment vehicles, corporations or other businesses, pension and profit sharing plans, and state or municipal government entities. The largest group of clients of Peter Scott Mottek is high net worth individuals with 499 clients and $1.82 billion of assets under management. Among the 11 most similar advisory firms, Tdam U has the 3rd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $4.79 billion for 1,807 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 3% of the firm’s clients are foreign persons or businesses.

Tdam U doesn't advise any private funds.

Careers at Tdam Usa Inc.

The company employs 396 people that are either part- or full-time employees. 40 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.

Peter Scott Mottek has been acting as President since 1 Dec 2014. Bruce Cooper has served as the Chief Investment Officer since 1 Jan 2016 and Tim Guest Wiggan is the Chief Executive Officer of Tdam Usa Inc. family office. David Andrew Barnett joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
The Toronto Dominion Bank Direct owner 1 Jun 2005 75% - 100% 13-5640479
Robert Francis Maclellan Chair and director 1 Jun 2005 Other 2301291
Barbara Frank Palk President and director 1 Jun 2005 Other 4392337
Rodney Michael Thorfinnson Director, chief operating officer, chief risk officer 1 Jun 2005 Other 4392339
Satish Chander Rai Vice chair 1 Jun 2005 Other 4391592
William Robert Fulton Director and officer 1 Jun 2005 Other 4865065
Russell Bruce Kenneth Miner Vice chair 1 Jun 2005 Other 4779465
Kevin Leblanc Vice chair 1 Jun 2005 Other 5637177
Malcolm S Lang Chief financial officer and director 1 Dec 2006 Other 5267107
Mark Dennis Bell Director 1 Dec 2006 Other 5267085
Debra Marie Foubert Chief compliance officer 1 Mar 2008 Other 5165826
Maya Gittens Secretary 1 Jun 2008 Other 6011424
Brian Andrew Murdock Chair and director 1 Jun 2009 Other 1029254
Michele Randy Teichner Officer 1 Apr 2010 Other 1246845
Barbara Frank Palk President 1 Apr 2010 Other 4392337
Rodney Michael Thorfinnson Chief operating officer, chief risk officer 1 Apr 2010 Other 4392339
Satish Chander Rai Officer 1 Apr 2010 Other 4391592
William Robert Fulton Officer 1 Apr 2010 Other 4865065
Russell Bruce Kenneth Miner Officer 1 Apr 2010 Other 4779465
Malcolm Sean Lang Chief financial officer 1 Apr 2010 Other 5267107
Mark Dennis Bell Officer 1 Apr 2010 Other 5267085
Kevin Leblanc Officer 1 Apr 2010 Other 5637177
Brian Andrew Murdock Chair of board and chief executive officer 1 Apr 2010 Other 1029254
Benjamin Eggers Chief compliance officer 1 Apr 2010 Other 5779700
Robin Philip Christian Lacey Officer 1 Apr 2010 Other 4449426
David Kelly Officer 1 Apr 2010 Other 6023623
Rodney Michael Thorfinnson Chief administration officer 1 Dec 2010 Other 4392339
Kevin Leblanc Chief operating officer 1 Dec 2010 Other 5637177
Brian Andrew Murdock Chief executive officer 1 Dec 2010 Other 1029254
Kim Stevens Chief financial officer 1 Dec 2010 Other 5884519
Debra Marie Foubert Chief compliance officer 1 Apr 2011 Other 5165826
Kenneth W Marcuse Chief compliance officer 1 Sep 2012 Other 2809471
James David Simmonds Chief compliance officer 1 Dec 2012 Other 6146649
Tim Guest Wiggan Chief executive officer 1 Feb 2013 Other 6163493
Atanaska Novakova Chief financial officer 1 Jun 2013 Other 6221181
Andrew Campbell Chief financial officer 1 Sep 2013 Other 6159344
Andrew Campbell Chief financial officer 1 May 2014 Other 6159344
Paul Alan Orlander Director 1 Sep 2014 Other 6441009
Peter Scott Mottek Director 1 Dec 2014 Other 2639052
Stephen Maxwell Sieger Chief financial officer 1 Apr 2015 Other 6493329
Kevin Lindsey Fein Chief compliance officer 1 Jun 2015 Other 1702993
Glenn S Davis Director 1 Jun 2015 Other 4529663
Paul Robert Walsh Chief compliance officer 1 Oct 2015 Other 3189041
Bruce Cooper Chief investment officer 1 Jan 2016 Other 6609064
Timothy Maurice Thompson Chief operating officer 1 Jan 2016 Other 6712131
Bruce Cooper Chief executive officer & director 1 Oct 2016 Other 6609064
Jason Calvert Director 1 Mar 2017 Other 6827685
Td Bank Us Holding Co Shareholder 1 Jul 2017 75% - 100% 01-0437988
Ioannis George Pavlakos Chief compliance officer 1 Sep 2017 Other 2551948
Sally Chee Ying Chiu Chief financial officer 1 Apr 2018 Other 6941506
David Andrew Barnett Chief compliance officer 1 Jul 2019 Other 2323454
Salma Salman Chief financial officer 1 Jul 2019 Other 7076675

Indirect Owners

The SEC currently registers 2 indirect owners.

Name Entity Date acquired Ownership Employer ID
The Toronto Dominion Bank Direct owner 1 Jul 2017 75% - 100% 13-5640479
Td Group Us Holdings Llc Direct owner 1 Jul 2017 75% - 100% 47-4435262

Based in Toronto, Ontario

The principal office where Tdam Usa Inc. performs its advisory services is located at 161 Bay Street, Toronto, Ontario, M5 J 2 T2, which is also the mailing address of the firm. An additional office of the firm is in New York, NY. The firm also has an office outside of the United States.

You can reach the main office by calling the phone number 866-416-4031 or by fax 416-983-3837. 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 tdamusa.com.