Broker-dealer firm · Richmond Hill, Ontario, Canada
Canso Investment Counsel LTD.
SEC-registered investment adviser · CRD 336447 · SEC 801-132893
At a glance
Canso Investment Counsel LTD. is an SEC-registered investment adviser based in Richmond Hill, Ontario, Canada, with $46.6 billion in regulatory assets under management as of its Form ADV filed September 25, 2026. Its largest client group by assets is pooled investment vehicles. By Form ADV it is a broker-dealer firm, ranked 27th of 391 broker-dealer firms and 458th of 17,210 SEC-registered advisers by assets.
Main office 905-881-8853cansofunds.comLinkedInAs filed on Form ADV
- Regulatory AUM
- $47B
- Rank among broker-dealer firms
- #27 of 391
- Rank among all SEC RIAs
- #458 of 17,210
- Clients
- 105
- Accounts
- 105
- Discretionary
- 100% of AUM
- Employees
- 71
- Advisory staff
- 34
- Offices
- 2
Owners and executives on its Form ADV
- Gail R. MudieShareholder (class A and Class B)
- Heather E. Mason-WoodShareholder (class A and Class B), Chief Executive Officer (since 09/2025)
- Vivek VermaShareholder (class A and Class B)
- Brian R. Usher-JonesShareholder (class B)
- Joseph P. MorinShareholder (class B)
- Timothy J. HicksShareholder (class B)
- Moon J. LeeShareholder (class B and Class C)
- Joseph T. McCalmontShareholder (class B and Class C), President (since 09/2025)
- Jeffrey S. CarterShareholder (class B and Class C), Chief Risk Officer (since 12/2024)
- Jason S. BellShareholder (class B and Class C)
- Nicolas I. DesjardinsShareholder (class B and Class C)
- Antonietta BizzottoShareholder (class B and Class C), Chief Legal Officer (since 09/2025)
Custody and brokerage
Broker-dealer
Affiliated broker-dealer
It names affiliated broker-dealers: Jesselton Capital Management Inc., Lysander Funds Limited, PBY Capital Limited and Portfolio Hiway Inc..
- Jesselton Capital Management Inc.
- Lysander Funds Limited
- PBY Capital Limited
- Portfolio Hiway Inc.
Who it serves
| Client type | Clients | Regulatory AUM | Share |
|---|---|---|---|
| Pooled investment vehicles | 65 | $28B | 61% |
| Other investment advisers | 8 | $8.1B | 17% |
| State or municipal government entities | 9 | $3.6B | 8% |
| Pension and profit sharing plans | 9 | $3.0B | 6% |
| Corporations or other businesses | 7 | $2.1B | 4% |
| Investment companies | 1 | $1.2B | 3% |
| Other | 2 | $206M | <1% |
| Charitable organizations | 3 | $154M | <1% |
| Insurance companies | 1 | $102M | <1% |
Disciplinary disclosures
Canso Investment Counsel LTD. reports no disciplinary disclosures in Item 11 of Form ADV. Read the details on the SEC’s adviser search ↗
Services
- Portfolio management for individuals and small businesses
- Portfolio management for pooled investment vehicles
- Portfolio management for businesses and institutions
How it’s paid
- A percentage of assets under management
- Performance-based fees
Form ADV and brochures on the SEC’s adviser search ↗cansofunds.com ↗
AtlasMembers
The full record on Canso Investment Counsel LTD.
Ten years of SEC filings, its owners and contacts, and how it stacks up against its peers. Atlas members see all of it.
- Assets, accounts, clients and staff, 1 years of filings
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- Growth over one, three and five years
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- Rank against 32 peers of its type and size
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- Owners and executives, with titles and stakes
- 17 namedLocked
- Main office, fax and compliance officer
- Locked
- Filing changes this year, with alerts
- 2Locked
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Background
Questions
How much does Canso Investment Counsel LTD. manage?
Canso Investment Counsel LTD. reports $46.6 billion in regulatory assets under management across 105 accounts, 100% of it on a discretionary basis, on its Form ADV filed September 25, 2026.
What kind of firm is Canso Investment Counsel LTD.?
Canso Investment Counsel LTD. is a broker-dealer firm by its Form ADV answers. The firm is itself registered as a broker-dealer as well as an investment adviser.
Who are Canso Investment Counsel LTD.’s clients?
By assets, its largest client types are pooled investment vehicles ($28.2 billion, 65 clients); other investment advisers ($8.1 billion, 8 clients); state or municipal government entities ($3.6 billion, 9 clients).
Does Canso Investment Counsel LTD. have any disciplinary history?
Canso Investment Counsel LTD. reports no disciplinary disclosures in Item 11 of its Form ADV. Check the SEC’s adviser search for the latest record.
Where these numbers come from
Every figure is Canso Investment Counsel LTD.’s own answer on its latest Form ADV, from the SEC’s registered-adviser list as of October 1, 2026: regulatory assets and accounts (Item 5.F), clients by type (5.D), employees (5.A and 5.B), compensation (5.E) and services (5.G). Custodians come from Schedule D 5.K(3) of its latest filing (2026-09-25), which lists those holding 10% or more of separately managed account assets and the amount at each. “Hybrid” means some employees are also registered representatives of a broker-dealer (Item 5.B(2)); affiliated broker-dealers are the related persons it lists in Item 7.A and Schedule D. Firm type comes from its own answers: broker-dealer firms are registered broker-dealers themselves (Item 6.A); private fund advisers manage mostly private funds (Item 7.B, 5.D); wealth managers manage at least half their assets for individuals (5.D). Ranks compare it by regulatory assets with every SEC-registered adviser and with firms of its type. Figures are as of the firm’s last annual update, so they can lag recent deals and market moves. Regulatory AUM counts assets the firm continuously supervises and can differ from what a firm markets.
Not an endorsement or a recommendation. Before hiring any adviser, read its Form ADV Part 2A brochure and check its record on the SEC’s adviser search. How to check a financial advisor →