Cidel Asset Management provides portfolio management for individuals and small businesses, portfolio management for pooled vehicles, and portfolio management for institutions.
Cidel Asset Management reports 1,547 clients. They include 788 individual clients, 386 high-net-worth individuals, and 204 corporations and other businesses. Of its assets, 95.6% ($4.59B across 1,486 accounts) are managed with discretion; $211M across 64 accounts are not. Of its clients, 99% are outside the U.S.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 51% | 5% |
| High-net-worth individuals | 25% | 25% |
| Pension and profit-sharing plans | <1% | 2% |
| Insurance companies | Fewer than 5 | <1% |
| Corporations and other businesses | 13% | 41% |
| Other client typesOther | 10% | 27% |
Client shares use reported counts. Client types without a reported count are excluded from that total.
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 788 | $261M | 5.4% | $331K |
| High-net-worth individuals | 386 | $1.2B | 24.9% | $3.1M |
| Pension and profit-sharing plans | 8 | $78.9M | 1.6% | $9.87M |
| Insurance companies | Fewer than 5 | $3.49M | 0.1% | — |
| Corporations and other businesses | 204 | $1.99B | 41.4% | $9.75M |
| Other | 161 | $1.27B | 26.5% | $7.9M |
| Total | 1,547 | $4.8B | 100% | — |
- Clients
- 788
- Regulatory AUM
- $261M
- AUM share
- 5.4%
- Avg. per client
- $331K
- Clients
- 386
- Regulatory AUM
- $1.2B
- AUM share
- 24.9%
- Avg. per client
- $3.1M
- Clients
- 8
- Regulatory AUM
- $78.9M
- AUM share
- 1.6%
- Avg. per client
- $9.87M
- Clients
- Fewer than 5
- Regulatory AUM
- $3.49M
- AUM share
- 0.1%
- Avg. per client
- —
- Clients
- 204
- Regulatory AUM
- $1.99B
- AUM share
- 41.4%
- Avg. per client
- $9.75M
- Clients
- 161
- Regulatory AUM
- $1.27B
- AUM share
- 26.5%
- Avg. per client
- $7.9M
Total
- Clients
- 1,547
- Regulatory AUM
- $4.8B
- AUM share
- 100%
- Avg. per client
- —
- Clients outside the U.S.
- 99%
- Clients advised without assets under management last fiscal year
- 0
- Private funds advised
- 0
Cidel Asset Management is paid through a percentage of assets under management; its fees and minimums are set out in its brochures on the SEC website.
Cidel Bank Canada owns 75% or more of Cidel Asset Management and is in turn owned by Cidel Bank & Trust Inc. (75% or more). The leadership team of Cidel Asset Management includes Chief Compliance Officer Bryan Tamblyn. It has 73 employees, 32 of them in advisory roles.
Leadership
- Bryan TamblynChief Compliance Officer
- Paul BuchananCFO
- Bradley GibbertSenior VP
- Arthur HeinmaaInvestment Committee Member/CIO/Executive Committee
- Tammy MeinsteinCorporate Secretary
- Ron PattonDirector
- Henry PerrenChairman
- James PorterExecutive VP
- Criag RimerSigning Officer
- Hilton SacksExecutive VP
- Christopher ShawVP
Staff
- 73 employees
- 32 in advisory functions
- 12 soliciting firms
- Owns 75% or more of Cidel Asset Management Inc
Cidel Bank Canada
Control person · since December 2016
- Owns 75% or more of Cidel Bank Canada
Cidel Bank & Trust Inc.
Control person · since December 2016
Cidel Asset Management’s regulatory assets grew from $4.07B (March 2021) to $4.8B (March 2026); clients rose from 1,057 to 1,547 and employees from 65 to 73.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| March 2026 | $4.8B | 1,547 | 73 | 1 |
| March 2025 | $4.25B | 1,431 | 73 | 1 |
| March 2024 | $5.19B | 1,378 | 70 | 1 |
| March 2023 | $4.36B | 1,297 | 70 | 1 |
| March 2022 | $5.21B | 1,262 | 67 | 1 |
| March 2021 | $4.07B | 1,057 | 65 | 1 |
Besides its headquarters, Cidel Asset Management has 0 offices, with 1 listed address with no US state reported.
Contact and registration details
- Legal name
- Cidel Asset Management Inc
- Headquarters
- 60 Bloor Street West, 9th Floor, Toronto, Ontario, Canada M4W 3B8
- Website
- Not reported
- Phone
- 416-977-6767
- @cidel-financial-group
- SEC file
- 801-80326
- Structure
- corporation organized in Canada
- Fiscal year end
- December
Cidel Asset Management uses Cidel Trust Company Canada ($3.39B, 70%), Royal Bank of Canada ($742M, 15%) and State Street ($503M, 10%), among others, as custodians for its separately managed accounts. Cidel Asset Management does not have custody of client assets.
- Cidel Trust Company CanadaCidel Trust Company Canada · Calgary, Alberta · $3.39B70%
- National Bank Independent NetworkNational Bank Independent Network · Toronto, Ontario · $144M3%
- State StreetState Street Corporation · Boston, MA · $503M10%
- Royal Bank of CanadaRoyal Bank of Canada · Toronto, Ontario · $742M15%
- OtherAviso Wealth, Northern Trust1%
At year end, Cidel Asset Management’s separately managed accounts were largely in funds (45%) and stocks (42%).
What the accounts hold
- Stocks42%
- Exchange-traded equities40%
- Non-exchange-traded equities2%
- Funds45%
- Registered funds44%
- Pooled vehicles1%
- Bonds8%
- Cash4%
- Other1%
- Private loans and warrants, real estate, and private equity1%
How many clients does Cidel Asset Management have?
Cidel Asset Management has 1,547 clients and manages $4.8 billion for them, as of March 2026. They include 788 individual clients, 386 high-net-worth individuals, and 204 corporations and other businesses.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 27 March 2026
What services does Cidel Asset Management offer?
Cidel 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 Cidel Asset Management use?
Cidel Asset Management’s separately managed account assets are held at Cidel Trust Company Canada (Calgary, Alberta), with $3.39B, Royal Bank of Canada (Toronto, Ontario), with $742M, State Street Corporation (Boston, MA), with $503M, National Bank Independent Network (Toronto, Ontario), with $144M, Northern Trust (Basel), with $14.7M and Aviso Wealth (Vancouver), with $13.5M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 27 March 2026
How many financial advisors does Cidel Asset Management have?
Cidel Asset Management has 0 investment adviser representatives registered with state securities authorities, out of 73 employees, and 32 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 Cidel Asset Management invest in?
At the end of its last fiscal year, Cidel Asset Management’s separately managed accounts held 44% registered funds (mutual funds, ETFs, BDCs), 40% exchange-traded equities, 8% investment grade corporate bonds, 4% cash and equivalents, 2% non-exchange-traded equities, 1% pooled vehicles (private funds and similar) and 1% other. The 1% other category is described as: Private Loans and Warrants, Real Estate, and Private Equity.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Cidel Asset Management?
Cidel Asset Management is owned through a holding company by Cidel Bank & Trust Inc. Its direct owner is Cidel Bank Canada (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 27 March 2026
How does Cidel Asset Management get paid?
Cidel Asset Management is paid through a percentage of assets under management. 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
How do I contact Cidel Asset Management?
Cidel Asset Management’s main office is at 60 Bloor Street West, 9th Floor, Toronto, Ontario, Canada M4W 3B8. Its phone number is 416-977-6767.