At Avenue, we don’t think investing should look or feel like gambling. That’s why we focus on getting solid returns reliably. That’s why we invest 100% of our own wealth alongside our clients’ wealth, and cut our fees in half if we don’t make a positive return. We’re also committed to doing our own rigorous research—instead of taking someone else’s word for it.
And that’s why we can look our clients in the eye.
(Our performance doesn’t hurt either.)
Minimum relationship of $750k.
Custodian of accounts is NBCN.
Our money is handled exactly like yours.
In the Avenue equity portfolio, if we don’t make you a positive rate of return in a given year, our fees are cut in half the following year.
One direct line to speak to the person actually handling your money.
All senior Portfolio Managers are CFA charterholders. The firm is an independently owned Portfolio Manager registered in Ontario, Alberta, B.C. and Quebec, with oversight by the Securities Commissions in these provinces. In addition, performance is independently examined and verified to make sure we are doing what we say we are doing.
We’re interested in growing your investment wealth, not selling you financial products.
We allocate your assets to meet your individual financial needs.
Inflation is the true destroyer of money over time. Our goal is to get the consistent returns we need and ignore investment fads and relative performance that can easily lead to bad decision- making.
For those who are looking for help putting a financial plan together, we will work with you and build a clear long-term plan with realistic goals that will let you sleep at night.
Need improved tax or legal planning? We don’t do that but we have relationships with some great people.
All our senior Portfolio Managers are CFA charterholders (Chartered Financial Analysts). We have a legal fiduciary duty to represent your best interest. We are not owned or controlled by a larger marketing-focused financial organization.
Avenue Investment Management is an independent Investment Counsellor Portfolio Manager registered in Ontario, Alberta, B.C. and Quebec with oversight by the Securities Commissions in these provinces. (It is important to note that bank-owned brokerage firms are “self-regulated” by an organization called IIROC.)
Your account is held at NBIN (National Bank Independent Network) in your name. All investment accounts are covered by the Canadian Investor Protection Fund (CIPF) in the amount of $1,000,000.
Avenue Investment Management claims compliance with the Global Investment Performance Standards. (GIPS®)
Independent verifiers examine performance results every quarter and annually in accordance with GIPS®. Our performance is comparable on an apples to apples basis to all major money managers in the world that subscribe to this process.
To receive a list of composite description and/ or a presentation that complies with the GIPS® standards, please contact us.
We believe it’s always your money, and you can get it when you need it. We do require 5 days written notice, but there are no fees associated with withdrawals.
We can manage most any type of account for an individual, endowment or corporation. Avenue also has several clients that reside outside of Canada. We just can’t manage US residents’ non-RSP accounts.
We build each client an individual investment strategy, carefully considering how much stock market vs. bond market exposure is appropriate. The selected investments are placed in the right type of accounts (whether registered, non-registered or corporate). And we keep the bond and equity portfolios separate to accurately measure performance.
A long term understanding of risk is the key concept behind our asset allocation decisions. The starting point is that everyone should be 100% invested in the stock market for the long term. However, if you need some of your money to live on in the short term, we like to have 5 to 7 years of fixed income to cover annual income needs. Alternatively, if you’re uncomfortable with the fairly common swings of 20% or more that the stock market naturally produces, we can allocate to bonds (but bond investors should understand that there can be a loss of purchasing power over time.)
Time is a crucial ingredient in our investment strategy. We nurture your returns over time by taking the long view—not with drive-by, short-term investing. (But of course, your money is yours at any time you want or need it back.)
At Avenue we are committed to doing our own research to find investments where we can consistently compound at our target rate of return.
The businesses we invest in need to be profitable, consistent and well-run, with a conservative level of debt. However, there are occasionally special situations where we find undervalued assets or businesses that are in the process of being fixed up.
We have a disciplined approach to valuation. When we find a quality investment and it isn’t trading at a fair price, we simply don’t buy it. At Avenue investing is about patience and knowing that a successful investment starts with buying it at a fair price.
A margin of safety is built-in insurance against uncertainty in the market, at every level of the investment process. We run our own in-depth analyses and research to keep you safe.
The sector: We can own more or less of a given sector based on the overall sector valuation.
One key to investing in Canada is the corporate bond market. Over time, we can capture a higher return than government bonds, but with only a slight incremental risk.
We do not rely on other people’s opinions. We do the credit analysis ourselves. We balance the portfolio with government and provincial bonds when needed.
We like to call it quality investing, by limiting the downside of investments and winning by not losing. A great investment is one we can hold for a long time. However, in the real world, situations change. On average, we hold an investment for about 5 years.
No. We believe regular stocks and bonds can give us the best risk-adjusted rate of return.
The Avenue Equity Portfolio invests primarily in high-quality equity securities of global companies that are publicly traded on stock exchanges in Canada and the United States.
The emphasis of the portfolio is to achieve long-term capital growth but with lower risk or volatility than the stock market indexes.
The Avenue Bond Portfolio invests primarily in Government of Canada bonds, Canadian provincial bonds, corporate debt and money market instruments (such as treasury bills, bankers’ acceptances, and commercial paper).
The emphasis of the portfolio is to achieve steady income with a low risk of capital loss and a low potential for capital gain.
The portfolio may also have exposure to high-yield bonds, convertible bonds, REITs and unit trusts. Exposure to these asset classes will not exceed 20% of the portfolio.
Many Avenue clients have a balance between the Avenue Bond and Equity portfolios. We work with all of our clients to find and maintain the right risk balance between the stability and income of Bonds investments and the dividend and capital gain potential of Equity investments. This is called asset allocation.
We left the big firms so we could do investing differently. For us, that means answering our own phones. Understanding our clients’ lives. Jargon-free explanations. Being straight-forward, straight-shooting. And above all, having a firm that allows and requires us and our interests to always be on the same side as our clients.
Paul is a CFA® charterholder and veteran Portfolio Manager specializing in financial services, technology and telecom investments. He also looks after client relationships and heads up financial planning and modeling individual client risk.
Paul is a CFA® charterholder and veteran Portfolio Manager specializing in bond investing, corporate credit analysis, real estate, utilities and telecom. He also looks after client relationships and is responsible for the firm’s regulatory compliance.
Bill is a CFA® charterholder and veteran Portfolio Manager specializing in resource, utility and infrastructure investments. He also looks after client relationships, with a focus on Western Canada.
Matt is the first point of contact for everyone interested in Avenue. He is an expert in understanding and assessing the vast array of complicated financial products that many people own before becoming an Avenue client. Matt also looks after client relationships and actively participates in Avenue’s investment process.
Stephanie specializes in looking after client relationships and is an expert in retirement planning and asset allocation. She also actively participates in Avenue’s investment process. She has a CIM (Chartered Investment Manager) designation and has worked in the industry since joining Avenue in 2010.
Bryden is a CFA® charterholder and his primary role is in investment research, actively participating in avenue’s investment process and portfolio management. He also looks after client relationships having joined Avenue in 2013.
At Avenue, we’re committed to aligning our interests with those of our clients.
As far as we know, we’re still the only firm in Canada to cut our management fee if we don’t make you money.
There are no additional custodial fees.