Company Summary
Leon Frazer’s team of 17 investment professionals manages portfolios for private wealth, retail and institutional investment clients.
Industrial Alliance Insurance and Financial Services Inc. (Industrial Alliance) acquired Jovian Capital Corporation, the parent company of Leon Frazer & Associates Inc. on Oct. 1, 2013. Leon Frazer has a long relationship with Industrial Alliance through its management of the flagship IA Clarington Canadian Conservative Equity Fund, which launched in 1950. Founded in 1892, Industrial Alliance is the fourth largest life and health insurance company in Canada. It offers a wide range of life and health insurance products, savings and retirement plans, RRSPs, mutual and segregated funds, securities, auto and home insurance, mortgage loans and other financial products and services in Canada and the United States.
The firm is a founding member of the Portfolio Management Association of Canada.
Source: Leon Frazer & Associates Inc.
Unique Value Proposition
The portfolio management team will take into account a number of quantitative factors when determining Leon Frazer companies.
What is the five-year growth record in terms of cash flow, earnings and dividends?
What is the momentum on an annual basis in cash flow, earnings and dividend growth?
What is the current yield?
What is the company’s earnings variability?
How liquid is the stock?
This disciplined, conservative approach results in a generally low turnover of less than 15% annually in the portfolio.
A number of factors may lead the portfolio management team to sell or reduce a position. For example, changes in the economic environment, the health of the sector in which the company operates, or changes in the company’s strategic direction.
“If a position becomes over-valued we will trim it,” says Douglas Kee, Managing Director and Chief Investment Officer. “But we generally won’t sell it all — that’s part of discipline. If a 5% weighting rises to 6%, we will trim it back to 5%. We will take the money and put in a stock that is undervalued.”
Source: Leon Frazer & Associates Inc.
AUM ($Bil)
1.6
Year Founded
1939
Key Personnel
Mark Arthur, Chief Executive Officer
Dona Eull-Schultz, President, Portfolio Manager
Douglas Kee, Chief Investment Officer
Address
26 Wellington Street East, Suite 800
Toronto, Ontario
M5E 1S2