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CIBC Asset Management

SEC-registered adviser since 1974Toronto, on, CanadaCRD 106508

$162.8B
AUM
10,439
Clients
See fees
Fee
333
Advisory staff

From Form ADV filed 21 September 2026 · data retrieved 15 October 2026SEC record

CIBC Asset Management is an investment adviser headquartered in Toronto, on, Canada, and registered with the SEC since 1974. Its clients include investment companies, other investment advisers, and pension and profit-sharing plans. High-net-worth individuals account for 3% of its regulatory assets under management.

Its services include financial planning, portfolio management for individuals and small businesses, portfolio management for pooled vehicles, portfolio management for institutions, and selecting other managers. Fee arrangements include a percentage of assets under management and performance-based fees. Canadian Imperial Bank of Commerce owns 75% or more of CIBC Asset Management, and Eric Belanger is its CEO.

Clients

CIBC Asset Management serves 10,439 clients, 7,903 of them high-net-worth individuals. The average client has about $16 million with the firm, and high-net-worth clients hold 3% of its $162.8 billion in assets.

Regulatory assets by client type
  • High-net-worth individuals7,903 clients3%
  • Investment companies245 clients58%
  • Pooled investment vehicles37 clients3%
  • Pension and profit-sharing plans47 clients8%
  • Charitable organizations139 clients6%
  • OtherOther investment advisers, State or municipal government entities, Insurance companies, Corporations and other businesses, Other23%
Show client breakdown
High-net-worth individuals
Clients
7,903
Regulatory AUM
$4,487,160,091
Share
2.8%
Avg. per client
$568K
Investment companies
Clients
245
Regulatory AUM
$93,646,101,030
Share
57.5%
Avg. per client
$382.2M
Pooled investment vehicles
Clients
37
Regulatory AUM
$4,302,385,248
Share
2.6%
Avg. per client
$116.3M
Pension and profit-sharing plans
Clients
47
Regulatory AUM
$13,391,769,929
Share
8.2%
Avg. per client
$284.9M
Charitable organizations
Clients
139
Regulatory AUM
$9,371,640,346
Share
5.8%
Avg. per client
$67.4M
State or municipal government entities
Clients
5
Regulatory AUM
$74,851,938
Share
0.0%
Avg. per client
$15.0M
Other investment advisers
Clients
75
Regulatory AUM
$34,417,479,895
Share
21.1%
Avg. per client
$458.9M
Insurance companies
Clients
12
Regulatory AUM
$561,509,388
Share
0.3%
Avg. per client
$46.8M
Corporations and other businesses
Clients
1,958
Regulatory AUM
$1,442,382,439
Share
0.9%
Avg. per client
$737K
Other
Clients
18
Regulatory AUM
$1,149,559,350
Share
0.7%
Avg. per client
$63.9M

Total

Clients
10,439
Regulatory AUM
$162,844,839,654
Share
100%
Avg. per client
$15.6M

What it does

CIBC Asset Management provides financial planning, portfolio management for individuals and small businesses, portfolio management for pooled vehicles, portfolio management for institutions and selecting other managers. It is paid through a percentage of assets and performance-based fees.

CIBC Asset Management provided financial planning to 101–250 clients last fiscal year and advises 156 private funds.

98.2% of assets ($159.95B across 21,684 accounts) are managed with discretion; $2.90B across 59 accounts are not. 99% of clients are outside the U.S., and 631 clients received advice without assets under management last fiscal year.

What the accounts hold

Separately managed account assets by class, year end
  • Stocks36%
  • Bonds49%
    • Sovereign bonds25%
    • Investment grade corporate bonds23%
    • High-yield corporate bonds1%
  • Cash6%
  • Other9%
    • Derivatives9%

Custodians

CIBC Asset Management’s client accounts are held mainly at CIBC Mellon Trust, with 20% of managed assets, and RBC Investor Services, with 3%. CIBC Asset Management has custody of client assets.

Managed account assets by custodian
  • CIBC Mellon TrustCIBC Mellon Trust Company · Toronto, Ontario · $32.83B20%
  • RBC Investor ServicesRBC Investor Services LTD. · Toronto, Ontario · $5.00B3%
  • All other custodians$125.02B77%

Ownership and leadership

Canadian Imperial Bank of Commerce owns 75% or more of CIBC Asset Management, and Eric Belanger is its CEO.

Who owns the firm
CIBC Asset Management Inc.· the adviser

  • Canadian Imperial Bank of Commerce

    Control person · since October 2001

    Owns 75% or more of CIBC Asset Management Inc.

Leadership

  • Eric Belanger
    President and Chief Executive Officer
  • Elena Tomasone
    Vice President, Retail Credit Adjudication
  • Winnie Wakayama
    Chief Financial Officer
  • Saher Kazmi
    Chief Compliance Officer
  • Nicholas Ameduri
    Director
  • Robert Cancelli
    Director
  • Steven De Luca
    Director
  • Bradley Finch
    Director
  • Eve Jedrzejewska
    Chief Administrative Officer
  • Meric Koksal
    Chair of the Board
  • Frank Vivacqua
    Director

Staff

  • 478 employees
  • 333 in advisory functions
  • 2 state-registered reps
  • 6 soliciting firms

Reported holdings

CIBC Asset Management’s reported 13F holdings total $45.61B across 1,428 positions, and the ten largest make up 27.1% of it.

$45.61B
Reported 13F value
1,428
Positions
27.1%
In the 10 largest
+11.5%
Value vs. prior quarter
Ten largest positions, share of reported value
  1. Royal BK Cda4.6%
  2. Nvidia Corporation3.6%
  3. Toronto Dominion BK Ont3.4%
  4. Apple Inc.3.2%
  5. Bank Montreal Medium2.6%
  6. Microsoft Corp.2.1%
  7. Bank Nova Scotia B C2.1%
  8. Canadian Imperial Bank OF CO1.9%
  9. Amazon Com Inc.1.8%
  10. Canadian Natl RY CO1.8%

Together, the ten largest are 27.1% of reported value.

The 50 largest positions and quarterly changesQuarter ended 30 June 2026 · filed 3 August 2026

A 13F covers only exchange-traded long positions the firm holds with discretion, so this $45.61B is not its $162.84B in regulatory assets and does not represent any individual client's portfolio.

Fees

CIBC Asset Management is paid through a percentage of assets under management and performance-based fees.

Brochure fee details have not yet been processed for this profile. Find its brochure on the SEC’s site.

Offices and registrations

Besides its headquarters, CIBC Asset Management has 18 offices, with 1 listed address with no US state reported.

Other business names

CIBC Asset Management has reported 1 other business name to the SEC.

  • CIBC Private Investment Counsel

Registration details

Legal name
CIBC Asset Management Inc.
Headquarters
81 Bay Street, 20th Floor, Toronto, on, Canada M5J 0E7
Phone
877-363-5620
Website
www.cibc.com/en/private-wealth.html
SEC file
801-9707
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 CIBC Asset Management have?

CIBC Asset Management has 10,439 clients and manages $162.8 billion for them, as of September 2026. They include 7,903 high-net-worth individuals, 1,958 corporations and other businesses and 245 investment companies.

Source: Form ADV Part 1A, Items 5.D and 5.F, filed 21 September 2026

What services does CIBC Asset Management offer?

CIBC Asset Management provides financial planning, portfolio management for individuals and small businesses, portfolio management for pooled vehicles, portfolio management for institutions and selecting other managers.

Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file

Which custodians does CIBC Asset Management use?

CIBC Asset Management’s separately managed account assets are held at CIBC Mellon Trust Company (Toronto, Ontario), with $32,826,884,967 and RBC Investor Services LTD. (Toronto, Ontario), with $4,999,280,569. Only custodians holding at least a tenth of those assets are named.

Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 21 September 2026

How many financial advisors does CIBC Asset Management have?

CIBC Asset Management has 2 investment adviser representatives registered with state securities authorities, out of 478 employees, and 333 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 CIBC Asset Management invest in?

At the end of its last fiscal year, CIBC Asset Management’s separately managed accounts held 36% exchange-traded equities, 25% sovereign bonds, 23% investment grade corporate bonds, 9% derivatives, 6% cash and equivalents and 1% high-yield corporate bonds. It advises 156 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 CIBC Asset Management?

CIBC Asset Management’s direct owner is Canadian Imperial Bank of Commerce (75% or more).

Source: Form ADV Part 1A, Schedules A and B, filed 21 September 2026

How does CIBC Asset Management get paid?

CIBC 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

Sources

  1. Form ADV Part 1A, amendment filed 21 September 2026. Items 1, 5, 9, 11 and Schedules A, B and D.
  2. IAPD firm record, CRD 106508.
  3. Form 13F-HR, filed 3 August 2026 for the quarter ended 30 June 2026.

Retrieved 15 October 2026. All are published by the SEC and may have been amended since.

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This profile is compiled from public regulatory filings and is provided for informational purposes only. Niva Wealth is not affiliated with CIBC Asset Management Inc. and makes no representation about the quality of its services. Figures reflect the filing dates shown and may have changed. Ownership percentages are the bands reported to the SEC, not exact figures.