Newhaven Asset Management

What Newhaven Asset Management does

Newhaven Asset Management Inc. is a Toronto-based, employee-owned Canadian investment management firm founded in 2006 by Stephen T. Moore. The firm provides advisory services exclusively through a separately managed account (SMA) structure, building customized portfolios for high net worth individuals and families across Canada and the United States. Its investment approach is fundamental, centered on identifying high-quality businesses with sustainable and growing dividends, with each portfolio concentrated at 20-30 equities and more than 45% allocated to infrastructure-related holdings (Financials, Utilities, Telecommunications, Consumer Staples, Energy Infrastructure). The firm explicitly emphasizes risk control through security selection rather than asset mix, targeting risk levels comparable to a balanced portfolio but with higher expected returns and lower volatility (dividend-paying equities in the ~10% annual volatility range).

The product set is narrow by design: customized portfolios, ongoing client communication, and cost control. Management fees are capped at 1%, tax-deductible for taxable accounts, and the firm minimizes portfolio turnover to defer capital gains. The six-to-ten-person team comprises five portfolio managers (the founder/executive chairman, the CEO/CCO, and three additional PMs who joined in 2021 and 2023) and an operations manager. Each PM holds the CFA designation and brings 15-40 years of investment industry experience, including prior roles at Burns Fry, TD Securities, Lancaster Financial, a major multinational bank, and other long-tenured Canadian investment managers.

The business model is sales-led and direct: portfolio managers meet each client, construct a personalized portfolio, and maintain ongoing communication. Demand generation relies on earned media thought leadership rather than paid marketing, with regular appearances on BNN Bloomberg, The Globe and Mail, CNBC, Yahoo Finance, Reuters, and CBC. As an independent, owner-operated firm with no disclosed external investors, parent company, or institutional backing, Newhaven's stated differentiators are alignment of interests, personalized service, tax efficiency, and an "exceedingly high" client retention rate.

Name

Newhaven Asset Management

Legal name

Newhaven Asset Management Inc.

Website

https://newhavenam.com

Company type

Private

Founded year

2006

Operating status

Operating

Headcount range

1–10 employees

Short description

Newhaven Asset Management is a Toronto-based, employee-owned Canadian investment management firm that builds customized dividend-focused separately managed accounts for high net worth individuals and families in Canada and the United States.

Ownership category

akta.pro rank

Product category

Wealth Management

NAICS

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

SIC

Investment Advice (6282)

akta.pro primary industry

Institutional Separate Accounts & SMAs (Mandates) (FSAAAGAL)

akta.pro secondary industry

Advisory Portfolio Management (Non-Discretionary) (FSAAABAD)

Keywords

• Separately managed accounts
• Dividend growth investing
• Portfolio management
• Wealth management services
• Investment advisory services

Headquarters

HQ city

Toronto

HQ country

Canada

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

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

Revenue model

1. Management Fees: Newhaven charges management fees for advisory services within a separately managed account structure. Management fees are stated to never exceed 1% and are tax deductible for taxable accounts.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels6 records

Core offering

Newhaven Asset Management is a Canadian investment management firm that provides advisory services exclusively through a separately managed account (SMA) structure. Portfolio Managers construct personalized portfolios composed primarily of high-quality, dividend-paying securities for high net worth individuals and families. The firm emphasizes fundamental investment analysis, security selection, tax efficiency, and capped management fees not exceeding 1%.

Product overview

Newhaven Asset Management Inc. is a Canadian investment management firm providing advisory services exclusively through a separately managed account (SMA) structure. The firm's core offering centers on customized portfolio construction, where Portfolio Managers build personalized portfolios for each client based on their unique financial circumstances and goals. These portfolios are primarily composed of high-quality, dividend-paying Canadian securities, constructed as concentrated holdings of 20-30 equities. The firm emphasizes infrastructure investments (over 45% of equity portfolio) in sectors including Financials, Utilities, Telecommunications, Consumer Staples, and Energy Infrastructure. Additional services include ongoing client communication and cost control through minimized transaction fees and capped management rates.

Differentiator

Problem solved

Functional benefit

Products and services

• Customized Portfolios

Quantifiable outcome

• Portfolio returns of 9.8% year-to-date and 31% over past 12 months as of February 28, 2026
• +3 more outcomes

Named customers3 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators4 records

Recent moves4 records

Expansion highlights3 records

Broad incumbents

• Guardian Capital Group: Toronto-based diversified asset manager offering actively managed equity, fixed income, and balanced strategies to institutional and private wealth clients. Comparable as a Canadian-headquartered, independent-leaning competitor in the HNW/retail channel.
• Fiera Capital: Large independent Canadian asset manager offering diversified equity, fixed income, and alternative strategies across institutional and private wealth channels. Comparable as a Canadian-headquartered competitor serving HNW clients but with significantly broader product breadth and scale.
• CIBC Asset Management: Asset management arm of one of Canada's largest banks, offering broad Canadian and global investment solutions including dividend-equity mandates to HNW and institutional clients. Overlaps with Newhaven on Canadian dividend-equity exposure but at vastly larger scale.
• BMO Global Asset Management: Large bank-owned Canadian asset manager offering dividend, balanced, and multi-asset strategies to retail, HNW, and institutional clients. Comparable on dividend-equity product offering to HNW clients but with significantly broader distribution and scale.

Direct peers

• Steadyhand Investment Funds: Vancouver-based independent Canadian investment firm focused on long-term, conservative portfolio management for individual investors, with a similar philosophy around low-cost, transparent, fundamental investing.
• J. Zechner Associates: Toronto-based independent investment counsel firm providing personalized portfolio management to HNW individuals and families. Directly comparable to Newhaven as a small, independent Toronto-based wealth manager focused on individualized SMA-style portfolios.
• Letko, Brosseau & Associates: Montreal-based independent Canadian investment manager focused on global and Canadian equities for institutional and private clients. Comparable as an employee-owned fundamental boutique serving HNW/institutional capital with a long-term orientation.
• Galibier Capital Management: Canadian boutique specializing in dividend-growth equity investing for individual and institutional clients — directly comparable strategy focus to Newhaven's dividend-grower SMA approach.
• Mawer Investment Management: Calgary-based independent, employee-owned Canadian boutique investment manager offering multi-asset and equity strategies to institutional and HNW clients with a similarly fundamental, long-term orientation. Most directly comparable Canadian boutique by ownership model, philosophy, and target client mix.
• Burgundy Asset Management: Toronto-based independent boutique providing fundamental equity and balanced portfolio management to HNW, family office, and institutional clients. Closely comparable to Newhaven in Canadian boutique structure, fundamental approach, and HNW client focus.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 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 Newhaven Asset Management