Total Wealth Solutions
Aligned with your goals.
A portfolio manager committed to your interests.
B-CAP serves the entire spectrum from novice investors to seasoned pros. In fact, many of our earliest customers are themselves investment professionals who entrust us with part of their wealth. Our core focus is portfolio management in a tax-efficient way. We take your entire financial picture in account when managing your wealth. We will also work with professionals such as accountants, lawyers and notaries.
B-CAP is registered as a Portfolio Manager with regulators to serve clients in Quebec, Ontario and British Columbia. We are also registered as a Derivatives Portfolio Manager in Quebec.
We are committed to a transparent, disciplined investment approach:
- ✓ No opaque or complex products
- ✓ No placement commissions
- ✓ A thorough, independent understanding of every investment recommendation
Managed accounts
All accounts are managed on a segregated basis: you can monitor your portfolio’s performance, transactions, and all account activities in real time, at any moment.
With B-CAP, there are no opaque mutual funds, no complex products, no hidden fees, no sales commissions—just clear, responsible, and transparent management of your wealth.
OUR SERVICES
Independent Portfolio Reviews
We offer complimentary second opinions to prospective clients. No sales pitch — just a clear, objective assessment of your current portfolio: asset allocation, costs, risk exposures, tax efficiency, and alignment with your long-term objectives. You will know exactly what you own, why you own it, and where it may fall short.
For families and institutions working with multiple managers, we also provide consolidated oversight. We evaluate each mandate in context, identify overlap or unintended concentration, and ensure managers are complementary — not redundant.
Portfolio transition services
What if you already have an existing portfolio?
We take a measured approach to transitioning your portfolio, in a tax sensitive way. We water the flowers and prune the weeds. Many competitors take a "my way or the highway" approach to your portfolio. Sell all your current holdings may needlessly trigger capital gains taxes. We take a more judicious approach.
Portfolio management services
This is our core service. We are market specialists, managing our own internally developed equity and fixed income strategies. Portfolios are constructed security by security; we do not use mutual funds or packaged products. This structure allows for transparency, cost efficiency, and full alignment in implementation. Most our portfolios are powered by our core equity strategy: Global Quality.
Our investment process
Investing requires intuition, but above all the ability to listen and understand each client’s financial needs. This attention allows us to build personalized portfolios aligned with your objectives and situation.
At the same time, we combine this client-focused approach with cutting-edge technical expertise: full access to Bloomberg, the world’s most recognized financial information platform, used by Mathieu for over 20 years, supplemented by institutional research from several leading firms. Our monitoring covers macroeconomics, corporate news, and financial fundamentals across multiple asset classes.
Human judgment guides our investment process, supported by technology.
B-CAP GLOBAL QUALITY (GQ): Our core strategy
Sustainable Dividend Growth
The B-CAP Global Quality (GQ) investment strategy seeks to achieve long-term capital appreciation by investing directly in the equity securities of publicly listed large-cap companies, carefully selected by the manager.
Portfolio construction is based on a bottom-up approach structured around a quantitative and qualitative analytical framework. In the first stage, an internal quantitative score ranks issuers based on a broad set of financial metrics, including shareholder distribution characteristics (growth, capacity and payout), corporate financial fundamentals (growth and variability), as well as leverage and profitability margins. Informed by this quantitative assessment, the manager then conducts an in-depth qualitative analysis of investment opportunities, focusing in particular on the strength of competitive positioning and the company’s capacity for innovation.
The GQ strategy is implemented with a long-term investment horizon, typically ranging from five to ten years, and focuses on equity securities issued by large-cap companies (minimum market capitalization of USD 5 billion) exhibiting sustained dividend growth potential. This approach is pursued without compromise on quality, incorporating qualitative considerations such as corporate reputation, economic moat, and innovation.
INCOME PORTFOLIOS
One of B-CAP’s defining strengths is our deep expertise in income securities — bonds, preferred shares, and convertibles.
Income investing is popular in Canada. Predictable cash flow is attractive. But as fiduciaries, our role is not to simply deliver income — it is to deliver outcomes. That means being transparent about trade-offs: lower long-term return potential, interest-rate sensitivity, credit risk, and often, less favorable tax treatment.
Fixed income is not a point-and-click market. Unlike equities, most bonds trade over-the-counter. Pricing is opaque. Liquidity varies. Access matters. Successful execution requires institutional-grade data, disciplined credit work, and established dealer relationships. Without that infrastructure, investors often leave yield — or safety — on the table.
At the same time, the search for income has led to a surge of packaged products promising attractive yields, including private credit funds and structured vehicles that can mask risk behind complexity. Yield is easy to advertise. Risk stays beneath the surface.
At B-CAP, we do not chase yield.
We focus on high-quality issuers, disciplined security selection, and thoughtful portfolio construction. Income securities should enhance stability and resilience — not introduce hidden fragility.
FEE STRUCTURE
Transparent, Tiered, and Aligned
Our management fees are simple and clear: they appear directly on your account statements and are calculated on the value of assets under management, excluding cash. We use an easy-to-understand sliding scale. Through our secure client portal, you can access the detailed calculation of your fees as well as your signed management agreement. We pool household accounts together, including personal holding companies, to give you discounted pricing.
Annual Management Fee Schedule
Annual Fee Calculator
Fees are calculated linearly across the defined tiers and exclude applicable sales taxes and separate custody fees.
Note: Custody fees and standard transaction commissions are charged directly by the custodian (e.g., NBIN custody fees typically scale from 0.15% to 0.05% based on AUM). The custodian charges commissions for each trade; however, B-CAP’s low-turnover investment philosophy and disciplined execution aim to ensure these costs remain non-material to overall portfolio performance. Detailed fee terms are set out in client agreements and internal documentation. Sales taxes may apply.
Client Experience Features
Communication & Availability
We pride ourselves on quick responses, regular updates and exceptional availability. Once a year, we conduct a comprehensive update of your financial picture and review of your portfolio. Beyond scheduled reviews, your portfolio manager is directly reachable by phone, email or video conference — no call centers, no layers.
Client portal
Through our secure NDEX portal, you have 24/7 access to a complete view of your holdings, asset allocation, performance measurements, activity records, account statements, and all legal documentation.
Access Client Portal →
Clients also have direct access to their custodian portals (NBIN or Interactive Brokers) for official account statements and tax slips.
Onboarding process
Getting started is straightforward. We begin with a no-obligation introductory conversation to understand your financial situation and objectives. From there, we prepare a personalized investment policy statement, open your accounts with our custodian partners, and — if you have existing holdings — develop a tax-sensitive transition plan. The entire process is typically completed within two weeks. Our onboarding is entirely digital: account opening forms, signatures, and document submission are all handled online. That said, we are always available to guide you through each step personally if you are less familiar with technology — no one is left behind.
Asset security
Assets are held with leading custodians like National Bank Independent Network (NBIN), a member of CIPF. Client funds never pass through B-CAP, providing strict segregation and an additional layer of protection.
Learn more about our service providers and account administration on our Client Information page →
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Bouthillier Capital Inc. (B-CAP) is registered as a Portfolio Manager with the securities regulators in Quebec, Ontario, and British Columbia.