by Scott Ronalds
At Steadyhand, investing alongside our clients — or eating our own cooking — is one of our key business tenets. We feel there’s no better way to illustrate a commitment to our investment philosophy and business approach, and ultimately our clients, than to put our money where our mouth is.
We take it a step further by publishing every year the firm’s co-investment levels. To the best of our knowledge, we’re the only firm in Canada that does this.
The latest figures are in and we can report that every employee continues to have a significant portion of their financial assets invested alongside our clients: on average, the team has 92% of our financial assets invested in the Steadyhand funds (as of June 30th). In dollar terms, our employees and families have $43.7 million invested in our funds.
These numbers are worth highlighting because they mean our interests are well aligned — we’re experiencing the same fund performance, client reporting, and fees that you are. Yes, we receive no “insider perks” when it comes to costs. We pay the same fees that you pay and enjoy the same discount program.
Note: For a more thorough overview of co-investment and why it’s important, see our piece Showing you the money.
We're not a bank.
Which means we don't have to communicate like one (phew!). Sign up for our blog to get the straight goods on investing.