Sprucegrove Investment Management Ltd is a large advisory firm based in Toronto, Ontario. It manages $12.88 billion of regulatory assets for 58 client accounts. It has been registered with the SEC as an adviser since 2001.
Sprucegrove Investment Management 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.
The assets under management (AUM) of Sprucegrove Investment Management Ltd is $12.88 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 148% since the beginning of its operation, and $4.5 billion of the total AUM is attributable to clients outside of the United States.
The advisory firm has a single stream of revenue. Clients pay Sprucegrove Investment Management Ltd 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.
The firm provides services to investment companies, high net worth individuals, pooled investment vehicles, pension and profit sharing plans, and state or municipal government entities. The largest group of clients of Sprucegrove Investment Management is state or municipal government entities with 12 clients and $6.13 billion of assets under management. Among the 9 most similar advisory firms, Sprucegrove Investment Management has the highest percentage of state or municipal government entities out of all clients.
The amount of regulatory assets under management is $10.52 billion for 50 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 48% of the firm’s clients are foreign persons or businesses.
Sprucegrove Investment Management also advises several private funds. Namely, three other private funds. The minimum investment commitment required of non-related persons is $5,000,000 for each fund.
The company employs 40 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.
The principal office where Sprucegrove Investment Management Ltd performs its advisory services is located at 181 University Avenue, Toronto, Ontario, M5 H 3 M7, 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 416-363-5854 or by fax 416-363-6803. The normal business hours are 9:00 am to 5:00 pm on Monday - Friday.