Form CRS – Customer Relationship Summary

JUNE 16 2020

Item 1.
Wealhouse Capital Limited Partnership is registered with the Securities and Exchange Commission (SEC) as an investment adviser. Brokerage and investment advisory services and fees differ, and it is important for you to understand these differences. Free and simple tools are available to research firms and financial professionals at, which also provides educational materials about broker-dealers, investment advisers, and investing.
Item 2.
Relationships and Services
What investment services and advice can you provide me?
We offer investment advisory services to retail investors, including discretionary asset management for high net worth individuals, based on each client’s unique investment needs. Our basic strategy is to exploit market inefficiencies, through buying and selling long and short positions in both equity and debt securities as well as derivatives.

Our investment professionals continuously monitor and review client accounts. More formal reviews may be triggered by material changes in variables such as an account’s individual needs, or the market, political, or economic environment.

Investment Authority
We generally manage client accounts on a discretionary basis, subject to any client-imposed restrictions, which means we have the authority to determine the securities to be bought and sold as well as the amount, without obtaining client consent to specific transactions.

Limited Investment Offering
We do not limit our advice to proprietary products, or a limited menu of products or types of investments.

Account Minimums and Other Requirements
The minimum initial account size for a managed account is USD 1,000,000. This requirement may be waived or modified at our discretion.

Additional information about our services is available on Part 2 of our Form ADV, which is available here.

Conversation Starters
Ask your financial professional:
1. Given my financial situation, should I choose an investment advisory service? Why or why not?
2. How will you choose investments to recommend to me?
3. What is your relevant experience, including your licenses, education and other qualifications? What do these qualifications mean?
Item 3a.
Fees, Costs, Conflicts, and Standard of Conduct
What fees will I pay?
We charge an investment management fee that is typically 2.00% per annum, and is payable monthly in arrears. The fee is calculated as a percentage of the net asset value of each account as of the last day of the preceding month.

We also may charge an annual performance fee or enter into side letter agreements based upon a calculation methodology that is set out in each account’s investment management agreement.

All fees are negotiable only at our discretion.

Our fees are exclusive of brokerage commissions, transaction fees, service provider fees, and other related third-party costs and expenses which will be incurred by each Client.

Additional information about our firm’s fees are included in Item 5 of Part 2 of Form ADV, available here.

You will pay fees and costs whether you make or lose money on your investments. Fees and costs will reduce any amount of money you make on your investments over time. Please make sure you understand what fees and costs you are paying.

Conversation Starter
Ask your financial professional:
Help me understand how these fees and costs might affect my investments. If I give you $10,000 to invest,how much will go to fees and costs, and how much will be invested for me?
Item 3b.
Fees, Costs, Conflicts, and Standard of Conduct
What are your legal obligations to me when acting as my investment adviser? How else does your firm make money and what conflicts of interest do you have?

When we act as your investment adviser, we have to act in your best interest and not put our interest ahead of yours. At the same time, the way we make money creates some conflicts with your interests. You should understand and ask us about these conflicts because they can affect the investment advice we provide to you. Here are some examples to help you understand what this means.

1. Our ability to sometimes receive a performance creates a potential conflict of interest in that it may create an incentive for us to make investments on behalf of certain accounts that are riskier or more speculative than would be the case if all accounts assumed the same fee structure. In addition, since performance-based fees will be calculated on the basis of realized and unrealized gains and losses, such allocation maybe based on gains that some clients might never realize.

2. Some of the broker-dealers that we trade with allocate a portion of the commissions that our clients pay to be used by us to pay for research. These “soft dollar” arrangements help our firm make investment decisions, but they can have the effect of increasing clients’ transaction costs.

Conversation Starter
Ask your financial professional:
How might your conflicts of interest affect me, and how will you address them?

Additional information about conflicts of interest between us and our clients can be found on Part 2 of our Form ADV, which is available here.

How do your financial professionals make money?
Our financial professionals receive a salary and may receive a discretionary bonus. Compensation is set with the intention of attracting and retaining highly qualified professionals. Compensation is based on a variety of factors, including the number, value and complexity of accounts under management, the performance of those accounts, and client satisfaction and retention.
Item 4.
Disciplinary History
Do you or your financial professionals have legal or disciplinary history?
Yes ☐ No ☒
Visit for a free and simple search tool to research us and our financial professionals.

Conversation Starter
Ask your financial professional:
As a financial professional, do you have any disciplinary history? For what type of conduct?
Item 5.
Additional Information
Additional information about our services can be found here. If you have any questions about the contents of this brochure or would like to request a copy of this relationship summary, please contact us at (416) 644-1190.

Conversation Starter
Ask your financial professional:
Who is my primary contact person? Is he or she a representative of an investment-adviser or a broker-dealer?Who can I talk to if I have concerns about how this person is treating me?