Clients
Burgundy Asset Management serves 3,334 clients, 1,583 of them high-net-worth individuals. The average client has about $5.7 million with the firm, and high-net-worth clients hold 50% of its $19.1 billion in assets.
- Individuals1,423 clients3%
- High-net-worth individuals1,583 clients50%
- Pooled investment vehicles5 clients7%
- Pension and profit-sharing plans70 clients18%
- Charitable organizations221 clients13%
- OtherOther investment advisers, Corporations and other businesses, Insurance companies10%
Show client breakdownHide client breakdown
| Client type | Clients | Regulatory AUM | Share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 1,423 | $521,897,181 | 2.7% | $367K |
| High-net-worth individuals | 1,583 | $9,632,911,868 | 50.5% | $6.09M |
| Pooled investment vehicles | 5 | $1,362,861,103 | 7.1% | $272.6M |
| Pension and profit-sharing plans | 70 | $3,351,258,327 | 17.6% | $47.9M |
| Charitable organizations | 221 | $2,408,835,054 | 12.6% | $10.9M |
| Other investment advisers | Not reported | $889,299,030 | 4.7% | — |
| Insurance companies | 4 | $155,561,839 | 0.8% | $38.9M |
| Corporations and other businesses | 28 | $770,443,137 | 4.0% | $27.5M |
| Total | 3,334 | $19,093,067,539 | 100% | $5.73M |
- Clients
- 1,423
- Regulatory AUM
- $521,897,181
- Share
- 2.7%
- Avg. per client
- $367K
- Clients
- 1,583
- Regulatory AUM
- $9,632,911,868
- Share
- 50.5%
- Avg. per client
- $6.09M
- Clients
- 5
- Regulatory AUM
- $1,362,861,103
- Share
- 7.1%
- Avg. per client
- $272.6M
- Clients
- 70
- Regulatory AUM
- $3,351,258,327
- Share
- 17.6%
- Avg. per client
- $47.9M
- Clients
- 221
- Regulatory AUM
- $2,408,835,054
- Share
- 12.6%
- Avg. per client
- $10.9M
- Clients
- Not reported
- Regulatory AUM
- $889,299,030
- Share
- 4.7%
- Avg. per client
- —
- Clients
- 4
- Regulatory AUM
- $155,561,839
- Share
- 0.8%
- Avg. per client
- $38.9M
- Clients
- 28
- Regulatory AUM
- $770,443,137
- Share
- 4.0%
- Avg. per client
- $27.5M
Total
- Clients
- 3,334
- Regulatory AUM
- $19,093,067,539
- Share
- 100%
- Avg. per client
- $5.73M
What it does
Burgundy Asset Management provides portfolio management for individuals and small businesses, portfolio management for pooled vehicles and portfolio management for institutions. It is paid through a percentage of assets and performance-based fees.
Burgundy Asset Management advises 5 private funds.
100.0% of assets ($19.09B across 3,335 accounts) are managed with discretion. 98% of clients are outside the U.S., and 0 clients received advice without assets under management last fiscal year.
What the accounts hold
- Stocks89%
- Bonds9%
- Investment grade corporate bonds7%
- Sovereign bonds1%
- High-yield corporate bonds1%
- Cash2%
Custodians
Burgundy Asset Management’s client accounts are held mainly at RBC Investor Services Trust, with 63% of managed assets, and The Northern Trust, with 19%. Burgundy Asset Management has custody of $1.36B for 5 clients.
- RBC Investor Services TrustRBC Investor Services Trust · Toronto, on · $12.02B63%
- The Northern TrustThe Northern Trust Company · Chicago, IL · $3.54B19%
- All other custodians$3.53B18%
Ownership and leadership
1001271606 Ontario Inc. owns 75% or more of Burgundy Asset Management, and Robert Sankey is its CEO.
- Owns 75% or more of Burgundy Asset Management LTD.
1001271606 Ontario Inc.
Control person · since November 2025
- Owns 75% or more of 1001271606 Ontario Inc.
Bank of Montreal
Control person · since November 2025
Leadership
- Robert SankeyDirector and Officer, Chief Executive Officer
- Julie CordeiroOfficer and Senior Vice President, Chief Administrative Officer
- Mark KeilOfficer and Vice President, Chief Financial Officer
- Karen MintzOfficer and Vice President, Chief Compliance Officer & Associate General Counsel
- Bill BamberDirector
- Kevin BarnesDirector
- Amanda CustodioDirector
- Andrew IuOfficer and Chief Investment Officer
- Rohit ThomasDirector
Staff
- 140 employees
- 49 in advisory functions
Fees
Burgundy Asset Management is paid through a percentage of assets under management and performance-based fees.
Burgundy Asset Management’s fee rates are not included in this profile. Find its brochure on the SEC’s site.
Offices and registrations
Besides its headquarters, Burgundy Asset Management has 2 offices, with 1 listed address with no US state reported.
Other business names
Burgundy Asset Management has reported 2 other business names to the SEC.
- Bmo Burgundy
- Bmo Burgundy Asset Management
Registration details
- Legal name
- Burgundy Asset Management LTD.
- Headquarters
- Bay Wellington Tower, 181 Bay Street, Ste 4510, Toronto, Ontario, Canada M5J 2T3
- Phone
- 416-869-3222
- Website
- www.burgundyasset.com
- SEC file
- 801-60503
- Structure
- corporation organized in Canada
- Fiscal year end
- October
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 Burgundy Asset Management have?
Burgundy Asset Management has 3,334 clients and manages $19.1 billion for them, as of January 2026. They include 1,583 high-net-worth individuals, 1,423 other individuals and 221 charitable organizations.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 28 January 2026
What services does Burgundy Asset Management offer?
Burgundy Asset Management provides portfolio management for individuals and small businesses, portfolio management for pooled vehicles and portfolio management for institutions.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
Which custodians does Burgundy Asset Management use?
Burgundy Asset Management’s separately managed account assets are held at RBC Investor Services Trust (Toronto, on), with $12,017,755,601 and The Northern Trust Company (Chicago, IL), with $3,544,873,959. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 28 January 2026
How many financial advisors does Burgundy Asset Management have?
Burgundy Asset Management has 0 investment adviser representatives registered with state securities authorities, out of 140 employees, and 49 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 Burgundy Asset Management invest in?
At the end of its last fiscal year, Burgundy Asset Management’s separately managed accounts held 89% exchange-traded equities, 7% investment grade corporate bonds, 2% cash and equivalents, 1% sovereign bonds and 1% high-yield corporate bonds. It advises 5 private funds.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Burgundy Asset Management?
Burgundy Asset Management is owned through a holding company by Bank of Montreal. Its direct owner is 1001271606 Ontario Inc. (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 28 January 2026
How does Burgundy Asset Management get paid?
Burgundy Asset Management is paid through a percentage of assets under management and performance-based fees. Its Form ADV lists no commissions among how it is paid.
Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file