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AGF Management Limited (T:AGF.B)

Business Focus: Wealth Management

Sector:  Financials Industry:  Investment Management & Fund Operators
See Regulatory Filings on SEDAR
Company Contact
Address: Toronto-Dominion Bank Tower
66 Wellington Street West
Tel: 1-416-8654203
IR: See website
Key People
Blake C. Goldring
Executive Chairman of the Board
Karrie Van Belle
Chief Marketing and Innovation Officer
Judy G. Goldring
President, Chief Administrative Officer, Director, Head of Global Distribution
Kevin Andrew McCreadie
Chief Executive Officer
William Robert Farquharson
Vice Chairman of the Board
Adrian Basaraba
Chief Financial Officer, Senior Vice President
Chris Jackson
Chief Operating Officer, Senior Vice President, Chief Information Officer
Carol Ferguson
Chief Human Resource Officer
Brian Brennan
Senior Vice President - Head of International Institutional Sales
Florence Narine
Senior Vice President - Head of Canadian Institutional
Business Overview
AGF Management Limited is a diversified global asset management company with retail, institutional, alternative and high-net-worth businesses. The Company offers solutions across four investment management platforms: Fundamental Active Management, Quantitative Solutions, Private Client and Alternative Asset. Its fundamental actively managed platform delivers products to retail, institutional investors and strategic partners. The platform includes a range of equity and fixed income strategies, as well as various centers, including its Global, North American, Fixed Income, and Asset Allocation teams located in Toronto, Dublin and Singapore. Its quantitative solutions platform, known as AGFiQ Asset Management, includes Highstreet Asset Management Inc. (Highstreet), located in London, Ontario, and FFCM, LLC, which is located in Boston. Its private client platform includes Cypress Capital Management Limited and the private client business of Highstreet, located in London, Ontario.
Financial Overview
For the fiscal year ended 30 November 2019, AGF Management Limited revenues decreased 7% to C$393.3M. Net income before extraordinary items decreased 35% to C$47.9M. Revenues reflect Management and advisory fees decrease of 6% to C$386.1M. Net income also reflects Interest on long-term debt and standby f increase of 56% to C$6.8M (expense), Share of profit of associate and joint v decrease of 1% to C$24.9M (income).
Employees: 629 as of Nov 30, 2019
Reporting Currency: Canadian Dollars
Enterprise value: $676.53M as of Nov 30, 2019
Annual revenue (TTM): $393.27M as of Nov 30, 2019
EBITDA (TTM): $39.17M as of Nov 30, 2019
Net annual income (TTM): $47.86M as of Nov 30, 2019
Free cash flow (TTM): $41.06M as of Nov 30, 2019
Net Debt Last Fiscal Year: $134.38M as of Nov 30, 2019
Shares outstanding: 78,280,704 as of Nov 30, 2019
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization