Jarislowsky, Fraser Limited (Montreal Quebec)


Jarislowsky, Fraser Limited is a large advisory firm based in Montreal Quebec. It manages $27.33 billion of regulatory assets for 4,327 client accounts. It has been registered with the SEC as an adviser since 2004 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 49 other states.

Jarislowsky, Fraser Limited provides portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, and portfolio management for businesses and institutional clients. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Jarislowsky, Fraser Limited: assets under management

The assets under management (AUM) of Jarislowsky, Fraser Limited is $27.33 billion, all of which is managed in discretionary accounts. The firm's AUM has gone down by -19% since the beginning of its operation, and $27.18 billion of the total AUM is attributable to clients outside of the United States.

The firm manages $27.33 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $6.32 million each.
Jarislowsky, Fraser Limited has custody of $41.34 million in cash and securities for 4 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 54% of the total AUM. The second-largest asset type is pooled investment vehicles, which make up 33% of the firm’s portfolio. Investments in sovereign bonds form 2% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Jarislowsky, Fraser Limited for their services and products based on a percentage of assets under management and fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Gabriel Pierre Lapointe serves?

The firm provides services to individuals, insurance companies, charitable organizations, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Gabriel Pierre Lapointe is high net worth individuals with 1,975 clients and $6.46 billion of assets under management. Among the 4 most similar advisory firms, Jarislowsky, Fraser Limited has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $23 billion for 4,302 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 98% of the firm’s clients are foreign persons or businesses.

Jarislowsky, Fraser Limited also advises several private funds. Namely, one other private fund. The minimum investment commitment required of non-related persons is $1,000,000 for each fund.

Careers at Jarislowsky, Fraser Limited

The company employs 167 people that are either part- or full-time employees. 26 percent of the employees work as investment advisers or researchers. 2 employees are registered as investment adviser representatives with the state securities authorities.

There are 8 people with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates employees in addition to the salary for bringing in new clients. Employees receive compensation from other entities for client referrals.

Gabriel Pierre Lapointe has been acting as President since 1 Jan 2016. Maxime Menard joined the executive team most recently as the President And Chief Executive Officer.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Stephen Arnold Jarislowsky Chairman of the board 1 Jan 1995 Other 4364012
S.A. Jarislowsky Investments Inc. Corporation 1 Jan 1995 25% - 50% foreign
The Jfl Management Trust Partnership trust 1 Jan 2001 50% - 75% foreign
Erin Patricia O'brien Chief compliance officer 1 Jan 2001 Other 4943519
Gabriel Pierre Lapointe President 1 Jan 2016 Other 4643891
Stephen Arnold Jarislowsky Chairman emeritus 1 Jan 2017 25% - 50% 4364012
10614408 Canada Limited Wholly owned 1 May 2018 75% - 100% foreign
Maxime Menard Director & executive vice president 1 May 2018 Other 4683565
Dana Robyn Banks Chief compliance officer (us) 1 Oct 2018 Other 5470926
Gabriel Pierre Lapointe Head of private wealth management 1 Nov 2018 Other 4643891
Maxime Menard President and chief executive officer 1 Nov 2018 Other 4683565

Indirect Owners

The SEC currently registers 7 indirect owners.

Name Entity Date acquired Ownership Employer ID
Gabriel Pierre Lapointe Trustee 1 Nov 2001 Other 4643891
Leonard Racioppo Trustee 1 Nov 2001 Other 4643886
Marc Wilfrid Trottier Trustee 1 Nov 2001 Other 4643893
Margot Lynn Ritchie Trustee 1 Dec 2012 Other 5964529
Erin Patricia O'brien Trustee 1 Dec 2012 Other 4943519
Dario Mazzarello Trustee 1 May 2016 Other 6653302
The Bank Of Nova Scotia Wholly owned 1 May 2018 75% - 100% 1041839

Based in Montreal Quebec

The principal office where Jarislowsky, Fraser Limited performs its advisory services is located at 1010 Sherbrooke Street West, Montreal Quebec, H3 A 2 R7, 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 514-842-2727 or by fax 514-842-1882. The normal business hours are 8:30am-5:00pm on Monday - Friday. You can find more information about the New York firm at jflglobal.com and its LinkedIn profile.