Letko, Brosseau & Associates Inc. (LBA) is a Canadian investment management firm offering discretionary investment management services. LBA uses fundamental analysis, diversification, and careful stock selection. LBA offers various mandates including balanced, global balanced, Canadian balanced, and equity options. LBA also offers financial planning services to Canadian clients, including income projection scenarios.
Fee Structure
Letko, Brosseau & Associates Inc. (LBA) charges a fee based on a percentage of the assets they manage. The fee schedule varies depending on the type of investment and whether you are a U.S. or non-U.S. client. Here's a summary of the fee schedules for U.S. clients:
General (Balanced, Global Balanced, etc.):
- 1.00% on the first US $300,000
- 0.75% on the next US $700,000
- 0.50% on the next US $2,000,000
- 0.25% on the balance
Emerging Markets Equity:
- 1.00% on the first US $300,000
- 0.75% on the next US $24,700,000
- 0.60% on the next US $35,000,000
- 0.50% on the next US $40,000,000
- 0.40% on the balance
Canadian Equity:
- 1.00% on the first US $300,000
- 0.75% on the next US $700,000
- 0.50% on the next US $2,000,000
- 0.30% on the balance
Infrastructure Equity:
- 1.00% on the first US $500,000
- 0.75% on the next US $1,500,000
- 0.50% on the next US $4,000,000
- 0.40% on the balance
These fees may be negotiable in certain circumstances. Portfolios of family members and personal acquaintances of LBA may be managed at a discounted rate.