Clients
Beutel, Goodman & serves 1,847 clients, 1,480 of them high-net-worth individuals. The average client has about $20 million with the firm, and high-net-worth clients hold 9% of its $36.1 billion in assets.
- High-net-worth individuals1,480 clients9%
- Investment companies1 clients3%
- Pension and profit-sharing plans155 clients33%
- Charitable organizations34 clients3%
- State or municipal government entities22 clients10%
- OtherOther investment advisers, Insurance companies, Corporations and other businesses, Other42%
Show client breakdownHide client breakdown
| Client type | Clients | Regulatory AUM | Share | Avg. per client |
|---|---|---|---|---|
| High-net-worth individuals | 1,480 | $3,159,500,000 | 8.7% | $2.13M |
| Investment companies | 1 | $1,255,000,000 | 3.5% | $1.25B |
| Pension and profit-sharing plans | 155 | $11,918,500,000 | 33.0% | $76.9M |
| Charitable organizations | 34 | $1,045,000,000 | 2.9% | $30.7M |
| State or municipal government entities | 22 | $3,457,000,000 | 9.6% | $157.1M |
| Other investment advisers | 47 | $5,725,000,000 | 15.9% | $121.8M |
| Insurance companies | 9 | $1,303,000,000 | 3.6% | $144.8M |
| Corporations and other businesses | 82 | $6,972,000,000 | 19.3% | $85.0M |
| Other | 17 | $1,274,000,000 | 3.5% | $74.9M |
| Total | 1,847 | $36,109,000,000 | 100% | $19.6M |
- Clients
- 1,480
- Regulatory AUM
- $3,159,500,000
- Share
- 8.7%
- Avg. per client
- $2.13M
- Clients
- 1
- Regulatory AUM
- $1,255,000,000
- Share
- 3.5%
- Avg. per client
- $1.25B
- Clients
- 155
- Regulatory AUM
- $11,918,500,000
- Share
- 33.0%
- Avg. per client
- $76.9M
- Clients
- 34
- Regulatory AUM
- $1,045,000,000
- Share
- 2.9%
- Avg. per client
- $30.7M
- Clients
- 22
- Regulatory AUM
- $3,457,000,000
- Share
- 9.6%
- Avg. per client
- $157.1M
- Clients
- 47
- Regulatory AUM
- $5,725,000,000
- Share
- 15.9%
- Avg. per client
- $121.8M
- Clients
- 9
- Regulatory AUM
- $1,303,000,000
- Share
- 3.6%
- Avg. per client
- $144.8M
- Clients
- 82
- Regulatory AUM
- $6,972,000,000
- Share
- 19.3%
- Avg. per client
- $85.0M
- Clients
- 17
- Regulatory AUM
- $1,274,000,000
- Share
- 3.5%
- Avg. per client
- $74.9M
Total
- Clients
- 1,847
- Regulatory AUM
- $36,109,000,000
- Share
- 100%
- Avg. per client
- $19.6M
What it does
Beutel, Goodman & provides portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled vehicles, portfolio management for institutions and other activities. It is paid through a percentage of assets and fixed fees.
Beutel, Goodman & provided financial planning to 0 clients last fiscal year and advises no private funds.
80.7% of assets ($29.14B across 1,765 accounts) are managed with discretion; $6.97B across 82 accounts are not. $6.97B sits in a wrap fee program the firm both sponsors and manages. 93% of clients are outside the U.S., and 0 clients received advice without assets under management last fiscal year.
What the accounts hold
- Stocks44%
- Funds39%
- Bonds14%
- Sovereign bonds8%
- Investment grade corporate bonds6%
- Cash3%
Custodians
Beutel, Goodman &’s client accounts are held mainly at RBC, with 43% of managed assets, and CIBC Mellon Global Securities Services, with 24%. Beutel, Goodman & does not have custody of client assets.
- RBCRBC · Toronto · $15.60B43%
- CIBC Mellon Global Securities ServicesCIBC Mellon Global Securities Services Company · Toronto · $8.57B24%
- All other custodians$11.94B33%
Ownership and leadership
Beutel Goodman Voting Trust owns 25% to 50% of Beutel, Goodman &.
- Owns 25% to 50% of Beutel, Goodman & Company LTD.
Beutel Goodman Voting Trust
Control person · since July 1994
- Owns 25% to 50% of Beutel, Goodman & Company LTD.
Amg Canada Corp.
Control person · since July 2005
- Owns 25% to 50% of Beutel, Goodman & Company LTD.
Amg/Fami Investment Corp.
since July 2005
- Owns 25% to 50% of Beutel, Goodman & Company LTD.
Amg North America Hold. Corp.
since June 2005
- Owns 25% to 50% of Beutel, Goodman & Company LTD.
Affiliated Managers Group, Inc.
since June 2005
Leadership
- Stephen ArpinDirector, Managing Director, Head of Canadian Equities
- Rui CardosoDirector, Managing Director, Head of Global Equities
- Jackie CorneilTrustee of Beutel Goodman Voting Trust
- Jackie CorneilDirector, Managing Director, Head of Finance & Administration
- Young JeffreyDirector, Managing Director, Head of Private Client Group
- Young JeffreyTrustee of BG Shareholders Trust
- Michal PomotovGeneral Counsel & CCO
Staff
- 128 employees
- 41 in advisory functions
- 3 soliciting firms
Fees
Beutel, Goodman & is paid through a percentage of assets under management and fixed fees (other than subscription fees).
Beutel, Goodman &’s fee rates are not included in this profile. Find its brochure on the SEC’s site.
Offices and registrations
Besides its headquarters, Beutel, Goodman & has 0 offices, with 1 listed address with no US state reported.
Other business names
Beutel, Goodman & has reported 1 other business name to the SEC.
- Beutel Goodman Investment Counsel
Registration details
- Legal name
- Beutel, Goodman & Company LTD.
- Headquarters
- 20 Eglinton Avenue West, Suite 2000, Toronto, Ont., Canada M4R 1K8
- Phone
- 416-485-1010
- Website
- www.beutelgoodman.com
- SEC file
- 801-64420
- Structure
- corporation organized in Canada
- Fiscal year end
- December
This directory does not report disciplinary history, for any firm or individual, in either direction. The SEC publishes the complete record, including any disciplinary events, and it is the authoritative place to check one. See this firm's record on adviserinfo.sec.gov
Common questions
How many clients does Beutel, Goodman & have?
Beutel, Goodman & has 1,847 clients and manages $36.1 billion for them, as of March 2026. They include 1,480 high-net-worth individuals, 155 pension and profit-sharing plans and 82 corporations and other businesses.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 30 March 2026
What services does Beutel, Goodman & offer?
Beutel, Goodman & provides portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled vehicles, portfolio management for institutions and other activities.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
Which custodians does Beutel, Goodman & use?
Beutel, Goodman &’s separately managed account assets are held at RBC (Toronto), with $15,599,130,208 and CIBC Mellon Global Securities Services Company (Toronto), with $8,569,406,286. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 30 March 2026
How many financial advisors does Beutel, Goodman & have?
Beutel, Goodman & has 0 investment adviser representatives registered with state securities authorities, out of 128 employees, and 41 perform investment advisory functions. None are registered representatives of a broker-dealer or licensed insurance agents.
Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file
What does Beutel, Goodman & invest in?
At the end of its last fiscal year, Beutel, Goodman &’s separately managed accounts held 44% exchange-traded equities, 39% pooled vehicles (private funds and similar), 8% sovereign bonds, 6% investment grade corporate bonds and 3% cash and equivalents. It advises no private funds of its own.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Beutel, Goodman &?
Beutel, Goodman &’s direct owners are Beutel Goodman Voting Trust, Amg Canada Corp., Amg/Fami Investment Corp., Amg North America Hold. Corp. and Affiliated Managers Group, Inc., each holding 50% or less.
Source: Form ADV Part 1A, Schedules A and B, filed 30 March 2026
How does Beutel, Goodman & get paid?
Beutel, Goodman & is paid through a percentage of assets under management and fixed fees. Its Form ADV lists no commissions or performance-based fees among how it is paid.
Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file