Hillsdale Investment Management Inc. is a large advisory firm based in Toronto. It manages $1.75 billion of regulatory assets for 116 client accounts. It has been registered with the SEC as an adviser since 2005.
Hillsdale Investment 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.
The assets under management (AUM) of Hillsdale Investment Management Inc. is $1.75 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 594% since the beginning of its operation, and $1.72 billion of the total AUM is attributable to clients outside of the United States.
The advisory firm has several streams of revenue. Clients pay Hillsdale Investment 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.
The firm provides services to individuals, high net worth individuals, pooled investment vehicles, and state or municipal government entities. The largest group of clients of Eric Weider is pooled investment vehicles with 16 clients and $1.46 billion of assets under management. Among the 12 most similar advisory firms, Hillsdale Investment Management has the 6th lowest percentage of pooled investment vehicles out of all clients.
The amount of regulatory assets under management is $1.73 billion for 112 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 96% of the firm’s clients are foreign persons or businesses.
Hillsdale Investment Management also advises several private funds. Namely, six hedge funds. The minimum investment commitment required of non-related persons is $50,000 for each fund.
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 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.
Eric Weider has been acting as President since 1 Jan 1996. Ian Dwain Rhoden joined the executive team most recently as the Senior Vice President Finance And Compliance, Chief Compliance Officer.
The principal office where Hillsdale Investment Management Inc. performs its advisory services is located at 1 First Canadian Place, 100 King Street West, Toronto, M5 X 1 E4, 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 416-913-3900 or by fax 416-913-3901. The normal business hours are 9 a.m. to 5 p.m. on Monday - Friday. You can find more information about the New York firm at hillsdaleinv.com.