Asset manager · Montreal, Quebec, Canada
Letko, Brosseau & Associates Inc.
SEC-registered investment adviser · CRD 133221 · SEC 801-64074
At a glance
Letko, Brosseau & Associates Inc. is an SEC-registered investment adviser based in Montreal, Quebec, Canada, with $18.8 billion in regulatory assets under management as of its Form ADV filed December 22, 2025. Its largest client group by assets is pension and profit sharing plans, and it reports 1,597 individual clients. By Form ADV it is a asset manager, ranked 379th of 3,218 asset managers and 906th of 17,210 SEC-registered advisers by assets.
Main office 800-307-8557lba.caLinkedInAs filed on Form ADV
- Regulatory AUM
- $19B
- Rank among asset managers
- #379 of 3,218
- Rank among all SEC RIAs
- #906 of 17,210
- Individual clients
- 1,597
- High-net-worth clients
- 571
- Accounts
- 2,186
- Discretionary
- 100% of AUM
- Employees
- 75
- Advisory staff
- 36
- Offices
- 3
Owners and executives on its Form ADV
- Daniel F. BrosseauExecutive Officer & Director
- Robert J. MarienDirector
- Jean A. ElieDirector
- Isabelle M. C. GodinChief Compliance Officer and Chief Financial Officer
- Jean GattusoChairman of the Board of Director
- Nathalie C. Baroux-FrancisciDirector
- David DespresExecutive Vice-President
- Roger A. RenaudDirector
- Colleen M. JohnstonDirector
- Peter LetkoDirector
Custody and brokerage
Who it serves
| Client type | Clients | Regulatory AUM | Share |
|---|---|---|---|
| Pension and profit sharing plans | 91 | $6.0B | 32% |
| Pooled investment vehicles | 29 | $5.0B | 26% |
| Corporations or other businesses | 379 | $3.4B | 18% |
| High-net-worth individuals | 571 | $2.1B | 11% |
| Charitable organizations | 90 | $1.8B | 10% |
| Individuals | 1,026 | $600M | 3% |
Private funds
Letko, Brosseau & Associates Inc. reports 7 private funds with $1.8B in gross assets: other private funds (Form ADV Item 7.B).
Disciplinary disclosures
Letko, Brosseau & Associates Inc. reports no disciplinary disclosures in Item 11 of Form ADV. Read the details on the SEC’s adviser search ↗
Services
- Financial planning
- 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
Form ADV and brochures on the SEC’s adviser search ↗lba.ca ↗
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Background
Questions
How much does Letko, Brosseau & Associates Inc. manage?
Letko, Brosseau & Associates Inc. reports $18.8 billion in regulatory assets under management across 2,186 accounts, 100% of it on a discretionary basis, on its Form ADV filed December 22, 2025.
What kind of firm is Letko, Brosseau & Associates Inc.?
Letko, Brosseau & Associates Inc. is a asset manager by its Form ADV answers. Most of its assets are managed for funds, institutions or other businesses rather than individuals.
Who are Letko, Brosseau & Associates Inc.’s clients?
By assets, its largest client types are pension and profit sharing plans ($6.0 billion, 91 clients); pooled investment vehicles ($5.0 billion, 29 clients); corporations or other businesses ($3.4 billion, 379 clients).
Does Letko, Brosseau & Associates Inc. manage private funds?
Yes. It reports 7 private funds with $1.8 billion in gross assets, including other private funds.
Does Letko, Brosseau & Associates Inc. have any disciplinary history?
Letko, Brosseau & Associates Inc. 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 Letko, Brosseau & Associates 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 (2025-12-22), 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 →