Portland Investment Counsel Inc. (Burlington, Ontario)


Portland Investment Counsel Inc. is a large advisory firm based in Burlington, Ontario. It manages $1.38 billion of regulatory assets for 17 client accounts. It has been registered with the SEC as an adviser since 2009 and has operated in the jurisdictions of California, District of Columbia, Florida, and 3 other states.

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Portland Investment Counsel provides portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and portfolio management for canadian investment funds and non-us offering memorandum products. 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.

Portland Investment Counsel: assets under management

The assets under management (AUM) of Portland Investment Counsel Inc. is $1.38 billion, all of which is managed in discretionary accounts. The firm's AUM has gone down by -64% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.


The firm manages $1.38 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $81.39 million each.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Portland Investment Counsel 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.

Careers at Portland Investment Counsel Inc.

Barry James Myers has been acting as President since 1 Nov 2009. Nadine Catherine Milne joined the executive team most recently as the Acting Chief Compliance Officer.

Direct owners and executive officers



Name Entity Date acquired Ownership Employer ID
Michael Anthony Lee Chin Director and executive chairman 1 Jun 2002 Other 4542514
Victoria Joanne Ringelberg Director and chief financial officer 1 Jun 2002 Other 4651273
Jonathan Mark Wellum Director, chief investment officer and chief executive officer 1 Oct 2002 Other 4651276
Vicky Jeanne Edwards Director,vice-president, general counsel and chief compliance officer 1 Nov 2006 Other 5262865
Aic Limited Controlling shareholder 1 Nov 2007 75% - 100% 2
Barry James Myers Director 1 Nov 2009 Other 5743910
Robert Wilfred Almeida Director and senior vice president 1 Dec 2009 Other 5872924
Kevin James Gould Chief financial officer 1 Dec 2009 Other 5873734
Victoria Joanne Ringelberg Chief operating officer 1 May 2010 Other 4651273
Francis Henry Xavier Laferriere Chief operating officer and senior vice-president 1 Oct 2010 Other 5895830
Nadine Catherine Milne Acting chief compliance officer 1 Apr 2011 Other 5920286

Indirect Owners

The SEC currently registers 3 indirect owners.

Name Entity Date acquired Ownership Employer ID
Michael Anthony Lee Chin Director, president and controlling shareholder 1 Feb 2000 75% - 100% 4542514
Portland Holdings Inc. Controlling shareholder 1 Mar 2000 75% - 100% 1
Aic Global Holdings Inc. (Formerly Named Aic Limited) Controlling shareholder 1 Jan 2008 75% - 100% 1

Based in Burlington, Ontario

The principal office where Portland Investment Counsel Inc. performs its advisory services is located at 1375 Kerns Road, Burlington, Ontario, L7 P 4 V7, 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 905-331-4250 or by fax 905-319-4939. The normal business hours are 9am-5pm on Monday - Friday. You can find more information about the New York firm at www.aic.com.