Richardson Gmp (Usa) Limited (Toronto, Ontario)


Richardson Gmp (Usa) Limited is an adviser based in Toronto, Ontario. It manages $99 million of regulatory assets for 216 client accounts. It has been registered with the SEC as an adviser since 2013 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 26 other states.

Richardson Gmp (Usa) Limited provides portfolio management for individuals and small businesses and selection of other advisers. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Richardson Gmp (Usa) Limited: assets under management

The assets under management (AUM) of Richardson Gmp (Usa) Limited is $99 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 4400% since the beginning of its operation, and $1.08 million of the total AUM is attributable to clients outside of the United States.

The firm manages $99 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $458.33 thousand each.

Investments

The firm invests in non-exchange traded securities the most. They account for 50% of the total AUM. The second-largest asset type is investment grade corporate bonds, which make up 21% of the firm’s portfolio. Investments in cash and cash equivalents form 17% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Richardson Gmp (Usa) Limited 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 Scott Stennett serves?

The firm provides services to individuals, high net worth individuals, and corporations or other businesses. The largest group of clients of Scott Stennett is high net worth individuals with 47 clients and $54.5 million of assets under management. Among the 5 most similar advisory firms, Richardson Gmp (Usa) Limited has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $99 million for 216 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 14% of the firm’s clients are foreign persons or businesses.

Richardson Gmp (Usa) Limited doesn't advise any private funds.

Careers at Richardson Gmp (Usa) Limited

The company employs 4 people that are either part- or full-time employees. No employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There’s a single person 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.

Scott Stennett has been acting as President since 1 Feb 2017. Elliot Muchnik joined the executive team most recently as the Director, Chief Financial Officer And Secretary.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Richardson Gmp Limited Corporation 1 Nov 2012 75% - 100% foreign
Andrew John Marsh Director and chief executive officer 1 Nov 2012 Other 6145853
Elliot Muchnik Chief financial officer 1 Nov 2012 Other 6145854
Dale Patrick Sampson Chief compliance officer 1 Nov 2012 Other 5211263
Leo James Purcell Director 1 Nov 2012 Other 5432220
Daniel David Bowering Chief compliance officer 1 Feb 2014 Other 5491720
Elliot Muchnik Director and secretary 1 May 2014 Other 6145854
James Thomas Lexovsky Chief financial officer 1 May 2014 Other 2835008
Daniel David Bowering Director and chief compliance officer 1 Oct 2014 Other 5491720
Scott Stennett Director 1 Feb 2017 Other 6772393
Paul Curtin Adair Chief compliance officer 1 Feb 2017 Other 6772294
Elliot Muchnik Director, chief financial officer and secretary 1 Mar 2017 Other 6145854

Indirect Owners

The SEC currently registers 5 indirect owners.

Name Entity Date acquired Ownership Employer ID
Rgmp Holdings Corp Shareholder 1 Nov 2012 25% - 50% foreign
Griffiths Mcburney L.P. Shareholder 1 Nov 2012 75% - 100% foreign
Gmp Capital Inc Shareholder 1 Nov 2012 75% - 100% foreign
Richardson Financial Group Limited Shareholder 1 Nov 2012 25% - 50% foreign
Limited James Richardson & Sons Shareholder 1 Nov 2012 75% - 100% foreign

Based in Toronto, Ontario

The principal office where Richardson Gmp (Usa) Limited performs its advisory services is located at 500 145 King Street West, Toronto, Ontario, M5 H 1 J8, 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 1-855-204-7467 or by fax 416-941-0830. The normal business hours are 9-5 on Monday - Friday.