Richmond Equity Management Ltd. (“Richmond”) was created because we believe clients are better served by boutique investment firms with a singular investment focus. By limiting the size of the firm, both in terms of the number of client relationships and assets under management, we provide clients with personal service and better risk adjusted returns.
Larger firms typically have client service teams that are not directly involved with the investment process. In our experience, the relationship with the client was well regarded at these larger firms, but difficult to maintain as they grew. Many past clients have expressed an interest in renewing a direct relationship with their portfolio manager.
The partners of Richmond, Fred Pynn, Mike Quinn, Wendy Adams and Kevin Wolfe worked together in senior positions at Bissett & Associates Investment Management Ltd. and have developed a proven long term Canadian equity investment style.
Richmond Equity Management Ltd. offers clients a pooled fund focusing on Canadian equities, the Richmond Equity Fund. The Fund invests in Canadian equities of all capitalization sizes, micro-, small-, mid- and large- cap, and requires that 90% of the companies held in the portfolio pay a distribution or dividend. The Fund may also have up to 20% invested in US and International equities to provide exposure to industries not well represented in Canada. In todays lower growth and interest rate environment, income distributions are key for any investor. It is our belief that investor returns can be enhanced with a broad capitalization investment approach focused on both yield and total return.