Portland Investment Counsel Inc. (Burlington, Ontario)

Name: Portland Investment Counsel Inc.
Address: 1375 Kerns Road, Burlington, Ontario, L7 P 4 V7
Telephone: 905-331-4250

Portland Investment Counsel Inc. is a large advisory firm based in Burlington, Ontario. It manages $1.38 billion of regulatory assets for 17 client accounts. It has been registered with the SEC as an adviser since 2009 and has operated in the jurisdictions of California, District of Columbia, Florida, and 3 other states.

Portland Investment Counsel provides portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and portfolio management for canadian investment funds and non-us offering memorandum products. It doesn't provide financial planning services to its clients. On top of advisory services, the firm also engages as mutual fund dealer, investment fund manager.

Portland Investment Counsel: assets under management

The assets under management (AUM) of Portland Investment Counsel Inc. is $1.38 billion, all of which is managed in discretionary accounts. The firm's AUM has gone down by -64% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $1.38 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $81.39 million each.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Portland Investment Counsel 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.

Careers at Portland Investment Counsel Inc.

Barry James Myers has been acting as President since 1 Nov 2009. Nadine Catherine Milne joined the executive team most recently as the Acting Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Michael Anthony Lee Chin	Director and executive chairman	1 Jun 2002	Other	4542514
Victoria Joanne Ringelberg	Director and chief financial officer	1 Jun 2002	Other	4651273
Jonathan Mark Wellum	Director, chief investment officer and chief executive officer	1 Oct 2002	Other	4651276
Vicky Jeanne Edwards	Director,vice-president, general counsel and chief compliance officer	1 Nov 2006	Other	5262865
Aic Limited	Controlling shareholder	1 Nov 2007	75% - 100%	2
Barry James Myers	Director	1 Nov 2009	Other	5743910
Robert Wilfred Almeida	Director and senior vice president	1 Dec 2009	Other	5872924
Kevin James Gould	Chief financial officer	1 Dec 2009	Other	5873734
Victoria Joanne Ringelberg	Chief operating officer	1 May 2010	Other	4651273
Francis Henry Xavier Laferriere	Chief operating officer and senior vice-president	1 Oct 2010	Other	5895830
Nadine Catherine Milne	Acting chief compliance officer	1 Apr 2011	Other	5920286

Indirect Owners

The SEC currently registers 3 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Michael Anthony Lee Chin	Director, president and controlling shareholder	1 Feb 2000	75% - 100%	4542514
Portland Holdings Inc.	Controlling shareholder	1 Mar 2000	75% - 100%	1
Aic Global Holdings Inc. (Formerly Named Aic Limited)	Controlling shareholder	1 Jan 2008	75% - 100%	1

Based in Burlington, Ontario

The principal office where Portland Investment Counsel Inc. performs its advisory services is located at 1375 Kerns Road, Burlington, Ontario, L7 P 4 V7, 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 905-331-4250 or by fax 905-319-4939. The normal business hours are 9am-5pm on Monday - Friday. You can find more information about the New York firm at www.aic.com.