D.A.C. Davis Investment Counsel, Inc. (Toronto, Ontario)

D.A.C. Davis Investment Counsel, Inc. is an adviser based in Toronto, Ontario. It manages $10.6 million of regulatory assets for 25 client accounts. It has been registered with the SEC as an adviser since 2005.

D.A.C. Davis Investment Counsel provides portfolio management for individuals and small businesses. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

D.A.C. Davis Investment Counsel: assets under management

The assets under management (AUM) of D.A.C. Davis Investment Counsel, Inc. is $10.6 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 133% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $10.6 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $423.81 thousand each.

Investments

The firm invests in exchange traded securities the most. They account for 70% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 25% of the firm’s portfolio. Investments in investment grade corporate bonds form 5% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay D.A.C. Davis Investment Counsel, Inc. 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 D.A.C. Davis Investment Counsel serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of D.A.C. Davis Investment Counsel is individuals with 15 clients and $5.81 million of assets under management. Among the 0 most similar advisory firms, D.A.C. Davis Investment Counsel has the 0th lowest percentage of individuals out of all clients.

The amount of regulatory assets under management is $10.6 million for 18 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

D.A.C. Davis Investment Counsel doesn't advise any private funds.

Careers at D.A.C. Davis Investment Counsel, Inc.

The company employs 12 people that are either part- or full-time employees. 42 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Douglas Alfred Clark Davis	President, secretary-treasurer director & cco	1 Oct 1990	Other	4392367
Davis Rea Ltd.	Shareholder	1 Apr 1997	75% - 100%	foreign
David Leonard Rea	Chairman, director	1 Dec 1999	Other	4392393
Andrew Edward Hunter Martyn	Vice-president	1 Dec 1999	Other	4392408
Joy Marilyn Cunningham	Vice-president	1 Aug 2005	Other	5020265
James Edward Houston	Senior vice-president & coo	1 Jun 2007	Other	5370363
Peter Zachary Curry	Assistant vice-president	1 Jun 2007	Other	5370365
Douglas Alfred Clark Davis	Director & vice chairman	1 Dec 2010	Other	4392367
Peter Zachary Curry	Director, senior vice president, chief compliance officer & coo	1 Dec 2010	Other	5370365
John Martin O'connell	Director, chairman, president, secretary & ceo	1 Dec 2010	Other	5874905

Indirect Owners

The SEC currently registers 6 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
The Tiger Trust	Shareholder	1 Dec 1995	75% - 100%	foreign
Janet Mary Davis	Shareholder	1 Dec 1995	50% - 75%	5373487
Derek H.L. Buntain	Trustee	1 Dec 1995	Other	5373489
124658 Canada Inc.	Shareholder	1 Apr 1997	25% - 50%	foreign
Solutions Investment Management Inc.	Shareholder	1 Dec 2010	75% - 100%	foreign
Chartor Holdings Inc.	Shareholder	1 Jan 2013	Other	foreign

Based in Toronto, Ontario

The principal office where D.A.C. Davis Investment Counsel, Inc. performs its advisory services is located at 79 Wellington Street West, Toronto, Ontario, M5 K 1 J3, 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 416-324-2200 or by fax 416-324-2201. The normal business hours are 8:30a.m. to 5:00 p.m. on Monday - Friday.