Beutel, Goodman & Company Ltd. (Toronto, Ont.)


Beutel, Goodman & Company Ltd. is a large advisory firm based in Toronto, Ont.. It manages $27.73 billion of regulatory assets for 857 client accounts. It has been registered with the SEC as an adviser since 2005.

Beutel, Goodman & Company provides portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, and sub-advising of certain canadian mutual funds. 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.

Beutel, Goodman & Company: assets under management

The assets under management (AUM) of Beutel, Goodman & Company Ltd. is $27.73 billion. The firm's AUM has grown by 137% since the beginning of its operation, and $27.45 billion of the total AUM is attributable to clients outside of the United States.

The firm manages $24.8 billion in discretionary accounts and $2.92 billion in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $29.35 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $243.5 million.

Investments

The firm invests in exchange traded securities the most. They account for 76% of the total AUM. The second-largest asset type is investment grade corporate bonds, which make up 11% of the firm’s portfolio. Investments in sovereign bonds form 11% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Beutel, Goodman & Company Ltd. for their services and products based on a percentage of assets under management and fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients William Winston Marlowe Ashby serves?

The firm provides services to insurance companies, charitable organizations, other investment advisers, high net worth individuals, corporations or other businesses, pension and profit sharing plans, and state or municipal government entities. The largest group of clients of William Winston Marlowe Ashby is pension and profit sharing plans with 176 clients and $12.02 billion of assets under management. Among the 8 most similar advisory firms, Beutel, Goodman & Company has the 2nd highest percentage of pension and profit sharing plans out of all clients.

The amount of regulatory assets under management is $26.63 billion for 838 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.

Beutel, Goodman & Company doesn't advise any private funds.

Careers at Beutel, Goodman & Company Ltd.

The company employs 91 people that are either part- or full-time employees. 27 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There are 3 people 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.

William Winston Marlowe Ashby has been acting as President since 1 Nov 1986. Young A Jeffrey joined the executive team most recently as the Director, Senior Vice President, Private Client Group.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Gregory Rich Latremoille Director, managing director, private client group 1 Mar 1979 Other 4969004
Greg Rich Latremoille Senior v.p./director 1 Mar 1979 Other 4969004
William Winston Marlowe Ashby President/director/cco 1 Nov 1986 Other 4969000
Mark Douglas Thomson Director, managing director, equities 1 Dec 1989 Other 1279300
Beutel Goodman Shareholder Trust Shareholder 1 Dec 1990 Other t10-0358-37
Lilia Mesina Trustee of beutel goodman voting trust 1 Apr 1994 Other 4969134
Bruce Lethbridge Corneil Director, managing director, fixed income 1 May 1994 Other 4969002
Beutel Goodman Voting Trust Shareholder 1 Jul 1994 25% - 50% na
Inc. First Asset Management Shareholder 1 Dec 1998 25% - 50% 885872390rc0001
Amg Canada Inc. Shareholder 1 Dec 1998 25% - 50% 885872390rc0001
Amg Canada Corp. Shareholder 1 Dec 1998 25% - 50% 885872390rc0001
Michael James Gibson Director, managing director, operations & chief compliance officer 1 Apr 2000 Other 4969001
Michael James Gibson Trustee of beutel goodman shareholder trust 1 Oct 2000 Other 4969001
Amg Canada Corp. Shareholder 1 Jul 2005 25% - 50% 885872390rc0001
Peter Douglas Clarke Director, managing director, marketing/client servicing 1 Jul 2010 Other 5818962
Peter D Clarke Director, managing director 1 Jul 2010 Other 5818962
David Gregoris Director, managing director, fixed income 1 Jul 2015 Other 6626427
Bruce Robert Shewfelt Managing director, marketing & client service 1 Jul 2015 Other 6626434
Jackie Corneil Trustee of beutel goodman voting trust 1 Mar 2016 Other 6766969
Michal Pomotov General counsel & cco 1 Nov 2016 Other 6767499
Young A Jeffrey Director, senior vice president, private client group 1 May 2018 Other 7088581

Indirect Owners

The SEC currently registers 3 indirect owners.

Name Entity Date acquired Ownership Employer ID
Amg North America Hold. Corp. Shareholder 1 Jun 2005 75% - 100% 01-0839733
Inc. Affiliated Managers Group Shareholder 1 Jun 2005 75% - 100% 04-3218510
Amg/Fami Investment Corp. Shareholder 1 Jul 2005 75% - 100% 3102857

Based in Toronto, Ont.

The principal office where Beutel, Goodman & Company Ltd. performs its advisory services is located at 20 Eglinton Avenue West, Toronto, Ont., M4 R 1 K8, 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 416-485-1010 or by fax 416-485-1799. The normal business hours are 8:30 am to 5:00pm on Monday - Friday. You can find more information about the New York firm at beutelgoodman.com.

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