Kingwest & Company

What Kingwest & Company does

Kingwest & Company is a privately held, Toronto-based investment management firm founded in 1982 by Richard Fogler that manages approximately $1.4 billion in assets using a value-investing strategy focused on North American equities. The firm runs three core mandates — the Kingwest Canadian Equity Portfolio (approximately 25 concentrated Canadian holdings), the Kingwest US Equity Portfolio, and the Kingwest Avenue Portfolio (a North American mandate of approximately 50 holdings) — alongside pooled structures including Kingwest Managed Portfolios and Kingwest Avenue Partners L.P. Investment positions are built around 'defensible franchises mispriced by complexity,' purchased at what managers estimate to be roughly half of intrinsic value and held for 5+ years to enable tax-efficient compounding; the Kingwest Avenue Portfolio is reported to have delivered +2.2% annual excess return over a 30-year window.

The firm serves three customer segments: individual investors meeting the $150,000 regulatory minimum or accredited-investor criteria; institutional clients such as pensions, endowments and foundations seeking differentiated, high-conviction mandates; and financial advisors who access the strategies through the KingwestFunds platform. Distribution is direct and relationship-based — clients work with portfolio managers without intermediaries on the advisory side — while National Bank Independent Network (NBIN) operates as the carrying broker for trade execution, settlement, custody and financing. The team is led by founder and CIO Richard Fogler, Managing Director and Portfolio Manager Tim Regan (MBA, CFA), and co-Portfolio Manager Anthony Visano, supported by a small operational staff.

Revenue is generated through asset-based management fees billed under each client's Investment Management Agreement (Schedule B), with the firm emphasizing alignment — 'We own what you own. Same positions. Same risk. Same reward' — by co-investing partner capital alongside clients and waiving commissions in favor of AUM-based compensation. The firm is registered with the Ontario Securities Commission as an Investment Fund Manager and with CIRO as an Investment Dealer across eight Canadian provinces, and is a member of the Canadian Investor Protection Fund and a Toronto Stock Exchange Participating Organization. Kingwest has no proprietary technology platform and employs no disclosed AI/ML capability, relying instead on four decades of fundamental research and pattern recognition.

Name

Kingwest & Company

Legal name

Kingwest & Company

Website

https://kingwest.com

Company type

Private

Founded year

1982

Operating status

Operating

Headcount range

1–10 employees

Short description

Kingwest & Company is a Toronto-based, privately held investment management firm founded in 1982 that runs concentrated value-investing portfolios in North American equities for high-net-worth individuals, institutions, and financial advisors, managing approximately $1.4 billion in assets under management.

Ownership category

akta.pro rank

Product category

Investment Management

NAICS

Portfolio Management and Investment Advice (523940), Portfolio Management and Investment Advice (52394)

SIC

Investment Advice (6282)

akta.pro primary industry

Business Owner & Executive Financial Planning (FSAEAAAO)

Keywords

• Value investing
• Equity portfolio management
• Discretionary asset management
• Concentrated equity strategies
• Wealth management services

Headquarters

HQ city

Toronto

HQ country

Canada

HQ region

North America

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Marketing or Sales, Operations, Technology or R&D, Others

Revenue model

1. Investment Management Fees: Fee-based compensation structure where managers are compensated solely based on the excellence of investing, not trading activity. Fees are charged as a percentage of assets under management (AUM) based on the Investment Management Agreement Schedule B.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels3 records

Core offering

Kingwest & Company is a Toronto-based independent investment management firm that provides discretionary value-investing portfolio management to individuals, institutions, and financial advisors through concentrated North American equity mandates. The firm manages approximately $1.4B in assets under management across its Kingwest Canadian Equity Portfolio, Kingwest US Equity Portfolio, Kingwest Avenue Portfolio (North American), Kingwest Managed Portfolios (proprietary mutual fund family), and Kingwest Avenue Partners L.P., using a strategy of buying defensible franchises at substantial discounts to estimated value and holding for 5+ years.

Product overview

Kingwest & Company operates as an investment management firm offering a unified platform of proprietary pooled fund products distributed to individuals, institutions, and financial advisors. The core offering consists of three equity portfolio mandates: Kingwest Canadian Equity Portfolio (approximately 25 concentrated Canadian holdings), Kingwest US Equity Portfolio (US-focused equities), and Kingwest Avenue Portfolio (North American mandate with approximately 50 holdings). These portfolios are managed with a value-oriented strategy of buying defensible franchises at substantial discounts to estimated business value and holding for 5+ years. The KingwestFunds platform serves financial advisors seeking differentiated, patient investing for their clients, while institutional and individual clients access the strategies directly.

Differentiator

Problem solved

Functional benefit

Brands

• Kingwest Canadian Equity Portfolio: Concentrated portfolio of approximately 25 Canadian businesses, 4% initial position size, held 5+ years. Invests in durable franchises mispriced by complexity.
• Kingwest US Equity Portfolio
• Kingwest Avenue Portfolio
• Kingwest Managed Portfolios
• Kingwest Avenue Partners L.P.

Products and services

• Kingwest Avenue Portfolio A North American equity portfolio investing in durable franchises mispriced by complexity, managing a high-conviction portfolio of approximately 50 Canadian and US businesses with positions initiated when the business trades at a substantial discount to estimated value. Delivered to individual, institutional, and advisor clients.
• Kingwest Canadian Equity Portfolio A concentrated Canadian equity portfolio of approximately 25 Canadian businesses with 4% initial position size, held for 5+ years, investing in durable franchises when mispriced by complexity. Available to individual, institutional, and advisor clients.
• Kingwest US Equity Portfolio A US-focused equity portfolio investing in durable franchises mispriced by complexity in the US market. Available to individual, institutional, and advisor clients.
• Kingwest Managed Portfolios Proprietary pooled fund products managed by Kingwest & Company, offered on a continuous private placement basis to individual, corporate, institutional, and endowment clients who meet the $150,000 regulatory minimum or accredited investor definition under applicable Canadian securities legislation.
• Kingwest Avenue Partners L.P. Limited partnership pooled fund structure managed by Kingwest & Company, providing investors with access to Kingwest's North American value-investing strategy through a partnership vehicle.
• KingwestFunds Platform A platform offering three focused portfolios (Kingwest Canadian Equity, Kingwest US Equity, and Kingwest Avenue North American mandate) for financial advisors and their clients, providing patient, differentiated investing through concentrated portfolios rather than broad indexing. Advisor liaison: [email protected].

Quantifiable outcome

• +2.2% annual excess return over 30 years (Kingwest Avenue Portfolio)

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

Partnerships

One partnership is on record.

• National Bank Independent Network (NBIN)coreOthersNBIN serves as the carrying broker for Kingwest. NBIN is responsible for trade execution and settlement, custody of cash and securities, preparation of confirmations and account statements, and financing of client account positions. Kingwest (as introducing broker) is responsible for determining suitability and ensuring appropriate supervision for all trading activity.

Scale indicators4 records

Recent moves5 records

Expansion highlights4 records

Direct peers

• Jarislowsky Fraser: Montreal-based Canadian value-oriented equity manager (acquired by Scotiabank) with concentrated North American mandates. Comparable to Kingwest on investment philosophy and institutional client base, though larger and now bank-affiliated.
• Letko, Brosseau & Associates: Montreal-based independent Canadian value manager with diversified equity mandates and a long-term, fundamental-research orientation. Comparable to Kingwest as a private Canadian value boutique serving institutional and private wealth clients.
• Picton Mahoney Asset Management: Toronto-based independent Canadian asset manager offering equity strategies (including concentrated long-only mandates) to advisors and institutions. Comparable via Toronto base, advisor-channel distribution, and active equity product set.
• Burgundy Asset Management: Toronto-based boutique Canadian value equity manager serving institutional, private client, and advisor channels. Comparable by city, value philosophy, multi-channel distribution, and concentrated mandate construction.
• Montrusco Bolton Investments: Montreal-based independent Canadian equity manager running concentrated, value-tilted mandates for institutional and private clients. Directly comparable by mandate style, Canadian focus, and boutique private-firm structure.
• Beutel, Goodman & Company: Toronto-based private investment manager applying a value, fundamental-analysis approach to North American equities. Closely comparable to Kingwest in city, philosophy, client base (institutions and advisors), and long-only concentrated mandate style.
• Mawer Investment Management: Calgary-based Canadian boutique asset manager with a value-oriented, concentrated equity approach serving individuals, institutions and advisors. Most directly comparable Canadian value boutique by philosophy, multi-channel distribution, and long-term performance orientation.
• Van Berkom & Associates: Montreal-based boutique focused on small-cap and Canadian equity value strategies for institutional and high-net-worth clients. Comparable via concentrated, value-driven Canadian equity approach, though oriented toward smaller-cap names than Kingwest.
• Sceptre Investment Counsel: Toronto-based independent Canadian equity manager with a fundamental, long-term approach. Comparable as a small private Canadian boutique competing in similar mandates and client channels to Kingwest.

Broad incumbents

• Fiera Capital: Large Canadian-headquartered multi-affiliate asset manager with active equity strategies including value mandates. Comparable as a Canadian-listed competitor offering equity products to advisors and institutions, though much broader and more diversified than Kingwest.

Market position

Strengths1 record

Weaknesses5 records

Competitive moat4 records

Key risks7 records

Key highlights7 records

Customer concentration

• Xx.com/leadstonegroup

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Kingwest & Company