Where is the Company located?
Evans Investment Counsel is a Canadian company located in downtown Toronto. Our address can be found at contact us.
How long has the Company been in business?
We have been in business for over twenty years.
Who owns the Company?
Evans Investment Counsel is employee owned by five shareholders: Rob Evans, Keith Martin, Don Barber, Daniel Glazerman, and Miriam De Angelis.
How does the Company make money?
Our firm’s income is solely from investment management fees. These fees are charged as a percentage of the value of assets under management in each client’s account. The result is an alignment of our financial interests with those of clients. Please see investment management fees under governance.
Where do the portfolio managers and employees invest their own wealth?
Our portfolio managers and employees all invest alongside clients. Consequently, their personal financial interests are aligned with those of their clients.
How much in assets does the Company manage?
As of December 31, 2012, we managed more than $725 million in assets on behalf of approximately 200 clients.
How many staff are employed at the Company?
There are 11 people employed at Evans Investment Counsel.
What has the Company’s performance been like?
Our composite portfolios have routinely outperformed their benchmarks since 1993, when we began to audit our returns. Over 3, 5, 10 and 15-year periods, we have outperformed our benchmarks, creating considerable wealth for clients. Our performance numbers are GIPS Compliant, and verified by a third party. Please contact us for our Verification and Performance Examination Reports.
Is the Company accepting new clients?
Yes. Please refer to contact us for appropriate e-mail addresses and telephone numbers.
What’s the process for becoming a client?
We meet with you to review your income expectations, define your tolerance for investment risk, and understand your future income requirements. Once we know your expectations, we structure your investments accordingly. We will inform you of your progress on a quarterly and annual basis.
How long does it take to open an account?
The initial interview may take one to three hours. You then complete forms documenting your investment objectives and the accounts you want to open, and authorizing us to make your investment decisions. After that, your account can be opened within 24 to 48 hours following a cash deposit; within two to four weeks for transferring a non-registered account; and in four to six weeks for transferring a registered account, such as a RRIF or RRSP.
What types of accounts can be opened?
A variety of accounts can be opened such as personal (including RRSPs, RRIFs and Tax Free Savings Accounts), corporate, estate and/or trust.
How does one transfer assets to the Company?
Once you have completed the appropriate paperwork, we look after the rest.
How much investment is required?
We require a minimum investment of $1 million.
If one does not personally have $1 million, can the capital of a spouse and/or children be pooled to meet the minimum requirement?
Yes. Families can constitute a single account, or be structured separately. We also offer a pooled fund product to would-be investors with smaller amounts of capital to invest.
What happens if cash is required in a hurry?
If you have a margin account (and we encourage you to do so) and your bank account is set up for electronic fund transfer, we can get cash to you the day after we receive your request. With a margin account you do not have to sell securities and wait three business days for settlement.
What does the Company invest in?
We invest in the publicly traded shares of inefficiently priced companies that have attractive risk/return characteristics. Most are Canadian and American companies, although we also invest in British, European, Japanese and emerging market firms. We also invest in Canadian and U.S. government and corporate bonds, and preferred shares.
How many stocks are held in a typical portfolio?
We invest in a targeted group of companies, typically involving 25-50 stocks.
What sets the Company apart from the competition?
As a smaller firm we pride ourselves on our personalized service. We are able to get to know our clients as people, not as account numbers or asset weightings. If you would like us to deal with your accountant on your behalf, we can do that. If you would like us to make quarterly instalment payments for taxes, we can do that too. And if you ever need to get documentation back to us in a hurry, we will be happy to send a courier to your house to speed things along. Is there something else you are wondering about? Please, just ask.
Can one buy selected stocks of interest?
No. We are discretionary managers and make all decisions on your behalf, based on your investment objectives. However, you can exclude specific stocks or industries from your account, such as tobacco companies or defence stocks.
How do the Company’s fees compare with its competitors?
Our investment management fees are competitive, especially in the context of our investment performance. Please see governance page for investment management fees.