Highland Consulting Associates International, Inc. ("Highland International") was
incorporated in 2014 and is a wholly owned subsidiary of Highland Consulting Associates,
Inc. (“Highland Consulting”), a registered investment adviser with the U.S. Securities and
Exchange Commission under the Investment Advisers Act of 1940. Highland Consulting and
Highland International have the same principal office and place of business in Cleveland,
Ohio.
Highland International is a registered investment adviser with the U.S. Securities and
Exchange Commission under the Investment Advisers Act of 1940 and registered as an
adviser in the category of portfolio manager with the Ontario Securities Commission.
Highland International was formed to provide investment consulting services to institutional
clients located outside of the United States.
Highland International began conducting business in 2016.
Listed below are Highland International’s principal shareholders (i.e., those individuals
and/or entities controlling 25% or more of this company).
• Highland Consulting Associates, Inc.
In addition, the following identifies entities or individuals that indirectly own 25% or more of
Highland International:
• Highland Consulting Associates, Inc. Employee Stock Ownership Plan
Highland International offers the following advisory services to our clients:
INVESTMENT ADVISORY SERVICES
Highland International provides investment advisory services. We provide continuous advice
to clients regarding investments based on the individual needs of each client. Through
discussions in which goals and objectives based on each client's particular circumstances are
established, we assist the client in developing an investment policy and base our services on
that policy. During our data-gathering process, we help determine each client’s individual
objectives, time horizons, risk tolerance, and liquidity needs. As appropriate, we also review
and discuss a client's prior investment history.
Highland International provides services to clients on a non-discretionary basis. This means
that the firm had no discretion over the specific investments held in client portfolios.
Account supervision is guided by the client's stated objectives (i.e., maximum capital
appreciation, growth, income, or growth and income), as well as tax considerations.
Clients may place restrictions on investments related to certain securities, types of securities,
or industry sectors.
Our investment recommendations are generally limited to mutual funds, ETFs, hedge funds,
private equity funds, venture capital funds, private placements and other money managers.
Highland International may use other securities as well to help diversify a portfolio when
applicable and may include advice regarding
the types of investments held by the various
products mentioned.
Because some types of investments involve certain additional degrees of risk, they will only
be implemented/recommended when consistent with the client's stated investment
objectives, tolerance for risk, liquidity and suitability.
As part of the process, we will assist the client in reviewing and monitoring fees
associated with investments as well as other related costs (e.g. custody).
INSTITUTIONAL RETIREMENT PLAN CONSULTING SERVICES
Highland International provides institutional retirement plan consulting services. The
primary clients for these services will be the plan sponsors of defined benefit and defined
contribution plans, however, we may also offer these services, where appropriate, to other
entities. Highland International provides services to clients on a non-discretionary basis.
This means that the firm had no discretion over the specific investments held in client
portfolios. Institutional Retirement Plan Consulting Services are comprised of three distinct
services. Clients may choose to use any or all of these services.
Investment Policy Preparation:
We will meet with the client to determine an appropriate investment strategy that reflects the
plan sponsor's stated investment objectives for management of the overall plan. Our firm
then assists with the preparation of a written investment policy detailing those objectives,
constraints, etc., including an encompassing policy under which these goals are to be
achieved. The investment policy also lists the criteria for selection of investment vehicles as
well as the procedures and timing interval for monitoring of investment performance.
Selection of Investments:
We will assist the client, where appropriate, in developing an asset allocation or asset
allocation model. We will also review various investment managers and available investment
vehicles to determine which investments are appropriate to implement the client's investment
policy. The number of investments to be recommended will be determined by the client,
based on the investment policy.
Monitoring of Investments:
We monitor client investments continually, based on the procedures and timing intervals
delineated in the investment policy. We monitor the client's portfolio, including individual
managers, and will make recommendations as market factors and the client's needs dictate.
As part of the process, we will assist the client in reviewing and monitoring fees associated
with investments as well as other related costs (e.g. recordkeeping, custody, etc.).
AMOUNT OF ASSETS UNDER MANAGEMENT
As of 12/31/2023, we managed approximately USD $70,673,932.60 in client
assets on a non-discretionary basis.