Tricon Capital Gp Inc (Toronto)


Tricon Capital Gp Inc is a large advisory firm based in Toronto. It manages $588.75 million of regulatory assets for 14 client accounts. It has been registered with the SEC as an adviser since 2012.

Tricon Capital Gp provides portfolio management for pooled investment vehicles. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Tricon Capital Gp: assets under management

The assets under management (AUM) of Tricon Capital Gp Inc is $588.75 million, all of which is managed in discretionary accounts. The firm's AUM has gone down by -38% since the beginning of its operation, and $192.03 million of the total AUM is attributable to clients outside of the United States.

The firm manages $588.75 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $42.05 million each.
Tricon Capital Gp has custody of $439.54 million in cash and securities for 14 clients in total but doesn’t act as a qualified custodian.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Tricon Capital Gp 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.

What kind of clients Gary Berman serves?

The only and largest group of clients of Gary Berman is pooled investment vehicles with 14 clients and $588.75 million of assets under management. Among the 12 most similar advisory firms, Tricon Capital Gp has the highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $588.75 million for 14 clients. 64% of the firm’s clients are foreign persons or businesses.

Tricon Capital Gp also advises several private funds. Namely, five real estate funds. The minimum investment commitment required of non-related persons is $150,000 for each fund.

Careers at Tricon Capital Gp Inc

The company employs 57 people that are either part- or full-time employees. 51 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.

Gary Berman has been acting as President since 1 May 2010. Douglas Paul Quesnel joined the executive team most recently as the Chief Accounting Officer.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
David Berman Chief executive officer 1 Dec 1987 Other 6017536
Gary Berman President 1 May 2010 Other 6017546
Glenn Watchorn Co-chief operating officer 1 May 2010 Other 6017549
June Alikhan Chief financial officer and chief compliance officer 1 May 2010 Other 6017552
Gary Ivor Berman President 1 May 2010 Other 2931767
Tricon Capital Group Inc Parent company 1 Mar 2011 75% - 100% 98-0492769
Margaret Mary Whelan Chief financial officer 1 Sep 2013 Other 2919823
June Alikhan Chief financial officer 1 Nov 2014 Other 6017552
David Veneziano General counsel & chief compliance officer 1 Nov 2014 Other 6422288
David Berman Executive chairman 1 Mar 2015 Other 6017536
Gary Ivor Berman President, chief executive officer 1 Mar 2015 Other 2931767
Douglas Paul Quesnel Chief accounting officer 1 Aug 2015 Other 6605224
Wissam Francis Chief financial officer 1 Aug 2015 Other 6122654

Based in Toronto

The principal office where Tricon Capital Gp Inc performs its advisory services is located at 7 St Thomas Street, Suite 801, Toronto, M5 S2 B7, which is also the mailing address of the firm. An additional office of the firm is in San Francisco, CA. The firm also has an office outside of the United States.

You can reach the main office by calling the phone number 416-925-7228 or by fax 416-925-7964. The normal business hours are 9:00am to 5:00pm on Monday - Friday. You can find more information about the New York firm at triconcapital.com.