Private fund adviser · Toronto Ontario, Canada
Cumberland Investment Counsel Inc.
SEC-registered investment adviser · CRD 110887 · SEC 801-41265
At a glance
Cumberland Investment Counsel Inc. is an SEC-registered investment adviser based in Toronto Ontario, Canada, with $1.4 billion in regulatory assets under management as of its Form ADV filed September 29, 2026. Its largest client group by assets is pooled investment vehicles, and it reports 35 individual clients. By Form ADV it is a private fund adviser, ranked 1,988th of 4,686 private fund advisers and 4,438th of 17,210 SEC-registered advisers by assets.
Main office 416-482-5337cumberlandcounsel.comAs filed on Form ADV
- Regulatory AUM
- $1.4B
- Rank among private fund advisers
- #1,988 of 4,686
- Rank among all SEC RIAs
- #4,438 of 17,210
- Individual clients
- 35
- High-net-worth clients
- 12
- Accounts
- 48
- Discretionary
- 100% of AUM
- Employees
- 19
- Advisory staff
- 16
- Offices
- 2
Owners and executives on its Form ADV
- Shirley HomSecretary-Treasurer/chief Compliance Officer
- Charles R. SimsDirector (chair)
- David A. AndersonPresident
- David A. AndersonDirector
- Kimberley G. ThompsonDirector
- Kenneth W. CoxDirector
- Zoheb S. SomaniDirector
Custody and brokerage
2 custodians
- National Bank Financial$39M50%
- Charles Schwab$39M50%
Other RIAs using National Bank FinancialOther multi-custodian RIAs
Broker-dealer
Hybrid RIA
Cumberland Investment Counsel Inc. is a hybrid RIA: 7 of its employees are also registered representatives of a broker-dealer. It names an affiliated broker-dealer: Cumberland Private Wealth Management Inc..
- Cumberland Private Wealth Management Inc.
Who it serves
| Client type | Clients | Regulatory AUM | Share |
|---|---|---|---|
| Pooled investment vehicles | 10 | $1.3B | 94% |
| Individuals | 23 | $39M | 3% |
| High-net-worth individuals | 12 | $32M | 2% |
| Corporations or other businesses | 2 | $4M | <1% |
| Charitable organizations | 1 | $3M | <1% |
Disciplinary disclosures
Cumberland Investment Counsel Inc. answers yes to 1 disclosure item in Item 11 of Form ADV (criminal, regulatory or civil matters involving the firm or its advisory affiliates). 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 ↗cumberlandcounsel.com ↗
AtlasMembers
The full record on Cumberland Investment Counsel Inc.
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, ten years of filings
- Locked
- Growth over one, three and five years
- Locked
- Rank against 2,013 peers of its type and size
- Locked
- Owners and executives, with titles and stakes
- 7 namedLocked
- Main office, fax and compliance officer
- Locked
- Filing changes this year, with alerts
- 2Locked
Free while Atlas launches: create a free account and confirm your email. Every figure comes from SEC filings.
Background
Questions
How much does Cumberland Investment Counsel Inc. manage?
Cumberland Investment Counsel Inc. reports $1.4 billion in regulatory assets under management across 48 accounts, 100% of it on a discretionary basis, on its Form ADV filed September 29, 2026.
What kind of firm is Cumberland Investment Counsel Inc.?
Cumberland Investment Counsel Inc. is a private fund adviser by its Form ADV answers. Private funds are at least half of its business by assets.
Who are Cumberland Investment Counsel Inc.’s clients?
By assets, its largest client types are pooled investment vehicles ($1.3 billion, 10 clients); individuals ($39 million, 23 clients); high-net-worth individuals ($32 million, 12 clients).
Does Cumberland Investment Counsel Inc. have any disciplinary history?
Cumberland Investment Counsel Inc. answers yes to 1 disclosure item in Item 11 of Form ADV, which covers criminal, regulatory and civil matters involving the firm or its advisory affiliates. The details are on the SEC’s adviser search.
Where these numbers come from
Every figure is Cumberland Investment Counsel Inc.’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 (2026-09-29), 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 →