Giverny Capital Inc. (Montreal)

Name: Giverny Capital Inc.
Address: 759, Square Victoria Street, Suite 105, Montreal, H2 Y 2 J7
Telephone: 514-842-5589

Giverny Capital Inc. is a large advisory firm based in Montreal. It manages $912.24 million of regulatory assets for 2,259 client accounts. It has been registered with the SEC as an adviser since 2004 and has operated in the jurisdictions of California and Florida.

Giverny Capital 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.

Giverny Capital: assets under management

The assets under management (AUM) of Giverny Capital Inc. is $912.24 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 227959% since the beginning of its operation, and $909.48 million of the total AUM is attributable to clients outside of the United States.

The firm manages $912.24 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $403.82 thousand each.

Investments

The firm invests in exchange traded securities the most. They account for 59% of the total AUM. The second-largest asset type is pooled investment vehicles, which make up 40% of the firm’s portfolio. Investments in cash and cash equivalents form 1% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Giverny Capital Inc. 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.

What kind of clients Giverny Capital serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, and corporations or other businesses. The largest group of clients of Giverny Capital is individuals with 1,867 clients and $443.1 million of assets under management. Among the 10 most similar advisory firms, Giverny Capital has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $912.24 million for 2,257 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.

Giverny Capital also advises several private funds. Namely, one other private fund.

Careers at Giverny Capital Inc.

The company employs 14 people that are either part- or full-time employees. 29 percent of the employees work as investment advisers or researchers. 2 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 receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Francois Rochon	Ceo	1 Jan 1998	50% - 75%	4763502
Sonia Carrier	Chief compliance officer	1 Feb 2005	Other	5034687
Musee Giverny Capital Inc.	Shareholder	1 Jan 2007	Other	foreign entity
9186 0841 Quebec Inc.	Shareholder	1 Feb 2008	Other	foreign entity
Karine Primeau	Chief compliance officer	1 Jan 2009	Other	5034687
Jean Philippe Bouchard	Vp and chief compliance officer	1 Jan 2010	Other	5872436
Hms Corporation Inc.	Shareholder	1 Apr 2015	Other	foreign entity
François Campeau	Chief compliance officer	1 Dec 2018	Other	7042138

Indirect Owners

The SEC currently registers 3 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Francois Rochon	Shareholder	1 Jan 2007	75% - 100%	4763502
Jean Philippe Bouchard	Shareholder	1 Aug 2007	75% - 100%	5872436
Marc Séguin	Shareholder	1 Mar 2014	75% - 100%	foreign individual

Based in Montreal

The principal office where Giverny Capital Inc. performs its advisory services is located at 759, Square Victoria Street, Suite 105, Montreal, H2 Y 2 J7, 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 514-842-5589 or by fax 514-842-3532. The normal business hours are 9h00am-5h00pm on Monday - Friday. You can find more information about the New York firm at givernycapital.com.