Frequently Asked Questions
1. Is the Higgins Investment Group Inc. (HIGI) registered with the provincial securities commission?
Yes. Higgins Investment Group is registered with the Ontario Securities Commission as Portfolio Manager and Exempt Market Dealer.
2. Are clients assets held with a third party custodian?
Yes. We have a relationship with a custodian but you may decide to use your own custodian. The custodian holds your investments for safekeeping but does not make any investment decisions. Higgins Investment Group Inc. makes all of the investment decisions. By employing a custodian we ensure your investments are registered in your name – peace of mind.
3. How does the firm describe its style?
HIGI’s primary focus is preservation and growth of your investment portfolio. We employ a bottom-up value style. Bottom-up means we perform detailed analysis of each company in your portfolio, rather than making a call on the entire market. Value means we are concerned about what we are paying for each company rather than “betting” on hope to realize capital gains. Our style takes a longer term view than many other managers. When we purchase a stock we look at the prospects over the next year and four year periods. Mr. Higgins’ historic fund turnover was 25% to 33% per year, which is congruent with our 4 year investment horizon.
HIGI follows the CFA Institute’s Code of Conduct. All clients are treated equally.
5. How often is the firm willing to meet?
We meet with our clients as they require. Typically, we feel a quarterly face to face meeting with periodic contact in between should fulfill most clients’ needs. We meet, at a minimum, annually to review your investment policy to ensure your portfolio reflects your current financial needs and your risk tolerance. Remember, we want you to feel comfortable with us and your portfolio.
“Working with you” is our motto.
6. Fees and how frequently are they charged?
Fees are negotiated base on size of the portfolio and services required. Fees are payable each quarter.
A typical fee would be 1.5% per annum plus custodial costs and HST.
We add value to our clients: