Private fund adviser · Toronto, Ontario, Canada
Northleaf Capital Advisors LTD.
SEC-registered investment adviser · CRD 145014 · SEC 801-68391
At a glance
Northleaf Capital Advisors LTD. is an SEC-registered investment adviser based in Toronto, Ontario, Canada, with $585 million in regulatory assets under management as of its Form ADV filed July 31, 2026. Its largest client group by assets is pooled investment vehicles. By Form ADV it is a private fund adviser, ranked 2,848th of 4,686 private fund advisers and 7,189th of 17,210 SEC-registered advisers by assets.
Main office 866-964-4141northleafcapital.comLinkedInAs filed on Form ADV
- Regulatory AUM
- $585M
- Rank among private fund advisers
- #2,848 of 4,686
- Rank among all SEC RIAs
- #7,189 of 17,210
- Clients
- 4
- Accounts
- 4
- Discretionary
- 100% of AUM
- Employees
- 156
- Advisory staff
- 70
- Offices
- 1
Owners and executives on its Form ADV
- Stuart D. WaughManaging Director and Managing Partner/director
- Michael W. FloodManaging Director/director
- Jeffrey E. PentlandManaging Director/director
- Katherine M. GurneyGeneral Counsel, Chief Compliance Officer & Secretary
- Jeffrey T. LucassenChief Financial Officer
Custody and brokerage
2 custodians
- Northleaf Capital PartnersAffiliate of the firm$21M97%
- TD Bank$1M3%
Other RIAs using Northleaf Capital PartnersOther multi-custodian RIAs
Broker-dealer
Hybrid RIA
Northleaf Capital Advisors LTD. is a hybrid RIA: 3 of its employees are also registered representatives of a broker-dealer. It names affiliated broker-dealers: IPC Investment Corporation, IPC Securities Corporation, Investors Group Financial Services Inc. and Investors Group Securities Inc..
- IPC Investment Corporation
- IPC Securities Corporation
- Investors Group Financial Services Inc.
- Investors Group Securities Inc.
Who it serves
| Client type | Clients | Regulatory AUM | Share |
|---|---|---|---|
| Pooled investment vehicles | 3 | $563M | 96% |
| Other | 1 | $22M | 4% |
Private funds
Northleaf Capital Advisors LTD. reports 3 private funds with $559M in gross assets: private equity funds, other private funds (Form ADV Item 7.B).
Disciplinary disclosures
Northleaf Capital Advisors LTD. answers yes to 2 disclosure items 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 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 ↗northleafcapital.com ↗
AtlasMembers
The full record on Northleaf Capital Advisors 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, ten years of filings
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- Growth over one, three and five years
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- Rank against 2,288 peers of its type and size
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- Owners and executives, with titles and stakes
- 5 namedLocked
- Main office, fax and compliance officer
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- Filing changes this year, with alerts
- 2Locked
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Background
Questions
How much does Northleaf Capital Advisors LTD. manage?
Northleaf Capital Advisors LTD. reports $585 million in regulatory assets under management across 4 accounts, 100% of it on a discretionary basis, on its Form ADV filed July 31, 2026.
What kind of firm is Northleaf Capital Advisors LTD.?
Northleaf Capital Advisors LTD. is a private fund adviser by its Form ADV answers. Private funds are at least half of its business by assets.
Who are Northleaf Capital Advisors LTD.’s clients?
By assets, its largest client types are pooled investment vehicles ($563 million, 3 clients); other ($22 million, 1 clients).
Does Northleaf Capital Advisors LTD. manage private funds?
Yes. It reports 3 private funds with $559 million in gross assets, including private equity funds, other private funds.
Does Northleaf Capital Advisors LTD. have any disciplinary history?
Northleaf Capital Advisors LTD. answers yes to 2 disclosure items 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 Northleaf Capital Advisors 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 (2026-07-31), 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 →