{"url":"https://nivawealth.com/firms/canso-investment-counsel-336447","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/336447","regulatoryAum":46645743893,"crd":"336447","secFileNumber":"801-132893","legalName":"Canso Investment Counsel LTD.","displayName":"Canso Investment Counsel","website":null,"linkedinUrl":"https://ca.linkedin.com/company/canso-investment-counsel-ltd-","founded":null,"organization":"corporation organized in Canada","fiscalYearEnd":"June","headquarters":{"street":"100 York Boulevard, Suite 550","city":"Richmond Hill, Ontario","state":"","stateName":"","country":"Canada","postalCode":"L4B1J8"},"tradeNames":[],"registration":{"secApproved":"30 May 2025","noticeFilings":null,"latestNoticeFiling":null},"staff":{"employees":71,"advisory":34,"brokerDealerReps":0,"insuranceAgents":0,"promoters":0},"aum":{"discretionary":46645743893,"discretionaryAccounts":105,"nonDiscretionary":0,"nonDiscretionaryAccounts":0,"wrapProgram":null,"nonUsClientsPct":100,"nonAumClients":0},"clientTypes":[{"label":"Investment companies","clients":1,"regulatoryAum":1215255665},{"label":"Pooled investment vehicles","clients":65,"regulatoryAum":28227282570},{"label":"Pension and profit-sharing plans","clients":9,"regulatoryAum":2971656630},{"label":"Charitable organizations","clients":3,"regulatoryAum":154488563},{"label":"State or municipal government entities","clients":9,"regulatoryAum":3617948140},{"label":"Other investment advisers","clients":8,"regulatoryAum":8088713795},{"label":"Insurance companies","clients":1,"regulatoryAum":101831356},{"label":"Corporations and other businesses","clients":7,"regulatoryAum":2062314687},{"label":"Other","clients":2,"regulatoryAum":206252487}],"fees":[],"feeNotes":[],"custodians":[{"name":"RBC Investor Services Trust","shortName":"RBC Investor Services Trust","location":"Toronto, Ontario","smaAssets":4040563363},{"name":"CIBC Mellon Trust Company","shortName":"CIBC Mellon Trust","location":"Toronto/Mississauga, Ontario","smaAssets":5531660491},{"name":"State Street Bank and Trust Company","shortName":"State Street Bank and Trust","location":"Boston, MA","smaAssets":6713222811}],"custodyNote":"Canso Investment Counsel does not have custody of client assets.","otherCustodians":[],"leadership":[{"name":"Heather Mason-Wood","title":"Shareholder (class A and Class B), Chief Executive Officer (since 09/2025)","crd":"8082782"},{"name":"Joseph McCalmont","title":"Shareholder (class B and Class C), President (since 09/2025)","crd":"8082834"},{"name":"Shirley Sumsion","title":"Chief Financial Officer and Direct Shareholder","crd":"8085703"},{"name":"Jeffrey Tang","title":"Shareholder (class B and Class C), Chief Compliance Officer (since 09/2024)","crd":"8082847"},{"name":"Antonietta Bizzotto","title":"Shareholder (class B and Class C), Chief Legal Officer (since 09/2025)","crd":"8082846"},{"name":"John Carswell","title":"Executive Chair","crd":"8082867"},{"name":"Jeffrey Carter","title":"Shareholder (class B and Class C), Chief Risk Officer (since 12/2024)","crd":"4237945"},{"name":"Gail Mudie","title":"Shareholder (class A and Class B)","crd":"8082778"},{"name":"Vivek Verma","title":"Shareholder (class A and Class B)","crd":"8082803"},{"name":"Brian Usher-Jones","title":"Shareholder (class B)","crd":"8082805"},{"name":"Joseph Morin","title":"Shareholder (class B)","crd":"8082806"},{"name":"Timothy Hicks","title":"Shareholder (class B)","crd":"8082810"},{"name":"Moon Lee","title":"Shareholder (class B and Class C)","crd":"8082832"},{"name":"Jason Bell","title":"Shareholder (class B and Class C)","crd":"8082843"},{"name":"Nicolas Desjardins","title":"Shareholder (class B and Class C)","crd":"8082844"},{"name":"Jason Davis","title":"Shareholder (class B and Class C)","crd":"8082848"},{"name":"John Laing","title":"Shareholder (class B and Class C)","crd":"8350446"}],"ownership":[{"label":"Grip Asset Management Limited","detail":"Shareholder (class a) in the 50% to 75% ownership band and a control person, since July 2010."},{"label":"Grip Investments Limited","detail":"Shareholder (class a and class b) in the 10% to 25% ownership band and a control person, since June 1997. Also a shareholder (class a) - voting class of Grip Asset Management Limited in the 75% or more band and a control person, since July 2010."},{"label":"Gail Mudie","detail":"Shareholder (class a and class b) in the 10% to 25% ownership band, since February 1999."},{"label":"Heather Mason-Wood","detail":"Shareholder (class a and class b), chief executive officer (since 09/2025) in the 10% to 25% ownership band and a control person, since June 2004."},{"label":"Vivek Verma","detail":"Shareholder (class a and class b) in the 10% to 25% ownership band, since May 2008."},{"label":"Brian Usher-Jones","detail":"Shareholder (class b) in the 10% to 25% ownership band, since January 2011."},{"label":"Joseph Morin","detail":"Shareholder (class b) in the 5% to 10% ownership band, since January 2011."},{"label":"Timothy Hicks","detail":"Shareholder (class b) in the 5% to 10% ownership band, since September 2011."},{"label":"Moon Lee","detail":"Shareholder (class b and class c) in the 5% to 10% ownership band, since April 2017."},{"label":"Joseph McCalmont","detail":"Shareholder (class b and class c), president (since 09/2025) in the 5% to 10% ownership band and a control person, since April 2017."},{"label":"Jeffrey Carter","detail":"Shareholder (class b and class c), chief risk officer (since 12/2024) in the 5% to 10% ownership band and a control person, since April 2017."},{"label":"Jason Bell","detail":"Shareholder (class b and class c) in the 5% to 10% ownership band, since June 2017."},{"label":"Nicolas Desjardins","detail":"Shareholder (class b and class c) in the 5% to 10% ownership band, since April 2018."},{"label":"Jason Davis","detail":"Shareholder (class b and class c) in the 5% to 10% ownership band, since December 2020."},{"label":"John Laing","detail":"Shareholder (class b and class c) in the 5% to 10% ownership band, since March 2015."},{"label":"Carswell Family Trust","detail":"Indirect owner: shareholder (class b) - subordinated voting class of Grip Asset Management Limited and a control person, since July 2010. Also shareholder (class c) - subordinated voting class of Grip Investments Limited and a control person, since July 2010.","parent":"Grip Asset Management Limited"},{"label":"Kim Carswell","detail":"Indirect owner: shareholder (class a) - non-voting class of Grip Investments Limited, since July 2010. Also vice-president and secretary of Grip Asset Management Limited and a control person, since July 2010. Also vice-president and secretary of Grip Investments Limited and a control person, since July 2010. Also trustee of Carswell Family Trust and a control person, since July 2010.","parent":"Grip Investments Limited"},{"label":"John Carswell","detail":"Indirect owner: a shareholder (class b) - voting class of Grip Investments Limited in the 75% or more band and a control person, since July 2010. Also president of Grip Asset Management Limited and a control person, since July 2010. Also president of Grip Investments Limited and a control person, since July 2010. Also trustee of Carswell Family Trust and a control person, since July 2010.","parent":"Grip Investments Limited"},{"label":"Natalie Carswell","detail":"Indirect owner: vice-president of Grip Asset Management Limited and a control person, since July 2010. Also vice-president of Grip Investments Limited and a control person, since July 2010.","parent":"Grip Asset Management Limited"},{"label":"Brenda Burns","detail":"Indirect owner: trustee of Carswell Family Trust and a control person, since July 2010.","parent":"Carswell Family Trust"}],"branchOffices":null,"filedOffices":{"otherThanPrincipal":1,"privateResidences":0},"listedOfficeAddresses":1,"officesByState":[],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"19058818853","stateRegisteredReps":0,"otherAdviserReps":0,"compensation":["A percentage of assets under management","Performance-based fees"],"activities":["Portfolio management for individuals and/or small businesses","Portfolio management for pooled investment vehicles (other than investment companies)","Portfolio management for businesses (other than small businesses) or institutional clients"],"financialPlanningClients":null,"assetMix":[{"label":"Exchange-traded equity securities","percent":1},{"label":"U.S. government/agency bonds","percent":4},{"label":"Sovereign bonds","percent":25},{"label":"Investment grade corporate bonds","percent":65},{"label":"Non-investment grade corporate bonds","percent":5}],"privateFunds":0},"sources":{"adv1FilingDate":"25 September 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/336447/PDF/336447.pdf","brochureDate":null,"brochureUrl":null,"iapdCompiledDate":null,"retrievedDate":"15 October 2026","retrievedOn":"2026-10-15","adv1Pages":{},"brochurePages":{}},"otherBusiness":[],"faq":[{"question":"How many clients does Canso Investment Counsel have?","answer":"Canso Investment Counsel has 105 clients and manages $46.6 billion for them, as of September 2026. They include 65 pooled investment vehicles, 9 pension and profit-sharing plans and 9 state or municipal government entities.","source":"Form ADV Part 1A, Items 5.D and 5.F, filed 25 September 2026","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does Canso Investment Counsel offer?","answer":"Canso Investment Counsel 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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Which custodians does Canso Investment Counsel use?","answer":"Canso Investment Counsel’s separately managed account assets are held at State Street Bank and Trust Company (Boston, MA), with $6,713,222,811, CIBC Mellon Trust Company (Toronto/Mississauga, Ontario), with $5,531,660,491 and RBC Investor Services Trust (Toronto, Ontario), with $4,040,563,363. Only custodians holding at least a tenth of those assets are named.","source":"Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 25 September 2026","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does Canso Investment Counsel have?","answer":"Canso Investment Counsel has 0 investment adviser representatives registered with state securities authorities, out of 71 employees, and 34 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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What does Canso Investment Counsel invest in?","answer":"At the end of its last fiscal year, Canso Investment Counsel’s separately managed accounts held 65% investment grade corporate bonds, 25% sovereign bonds, 5% high-yield corporate bonds, 4% U.S. government and agency bonds and 1% exchange-traded equities. 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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Who owns Canso Investment Counsel?","answer":"Canso Investment Counsel is owned through holding companies by John Carswell. Its direct owners are Grip Asset Management Limited (50% to 75%), Grip Investments Limited (10% to 25%), Gail Mudie (10% to 25%), Heather Mason-Wood (10% to 25%), Vivek Verma (10% to 25%), Brian Usher-Jones (10% to 25%), Joseph Morin (5% to 10%), Timothy Hicks (5% to 10%), Moon Lee (5% to 10%), Joseph McCalmont (5% to 10%), Jeffrey Carter (5% to 10%), Jason Bell (5% to 10%), Nicolas Desjardins (5% to 10%), Jason Davis (5% to 10%) and John Laing (5% to 10%).","source":"Form ADV Part 1A, Schedules A and B, filed 25 September 2026","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does Canso Investment Counsel get paid?","answer":"Canso Investment Counsel 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","sourceRef":{"doc":"adv1","section":"employees"}}],"holdings":null,"notice":"Compiled from public SEC Form ADV filings on the dates in `sources`. Facts as filed; not a rating, ranking, or recommendation. Niva Wealth is not affiliated with this firm. Disciplinary history is deliberately not included here or on the page; the SEC publishes the complete record at the `iapdUrl` above."}