{"url":"https://nivawealth.com/firms/cidel-asset-management-172640","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/172640","regulatoryAum":4802310706,"crd":"172640","history":[{"filedOn":"2021-03-31","regulatoryAum":4067351871,"clients":1057,"employees":65,"offices":1},{"filedOn":"2022-03-29","regulatoryAum":5214209500,"clients":1262,"employees":67,"offices":1},{"filedOn":"2023-03-30","regulatoryAum":4362376000,"clients":1297,"employees":70,"offices":1},{"filedOn":"2024-03-27","regulatoryAum":5188569240,"clients":1378,"employees":70,"offices":1},{"filedOn":"2025-03-25","regulatoryAum":4251037312,"clients":1431,"employees":73,"offices":1},{"filedOn":"2026-03-27","regulatoryAum":4802310706,"clients":1547,"employees":73,"offices":1}],"secFileNumber":"801-80326","legalName":"Cidel Asset Management Inc","displayName":"Cidel Asset Management","slug":"cidel-asset-management-172640","website":null,"classification":{"segment":"institutions","segmentLabel":"Institutional","type":"institutional_asset_manager","typeLabel":"Asset manager","feeDisclosure":"payment_only"},"linkedinUrl":"https://www.linkedin.com/company/cidel-financial-group/","founded":null,"organization":"corporation organized in Canada","fiscalYearEnd":"December","headquarters":{"street":"60 Bloor Street West, 9th Floor","city":"Toronto, Ontario","state":"","stateName":"","country":"Canada","postalCode":"M4W 3B8"},"tradeNames":[],"registration":{"secApproved":"15 September 2014","noticeFilings":null,"latestNoticeFiling":null},"wealthAumPerClient":1242569.094548552,"staff":{"employees":73,"advisory":32,"brokerDealerReps":0,"insuranceAgents":0,"promoters":12},"aum":{"regulatory":4802310706,"discretionary":4591206264,"discretionaryAccounts":1486,"nonDiscretionary":211104442,"nonDiscretionaryAccounts":64,"wrapProgram":null,"nonUsClientsPct":99,"nonAumClients":0},"clientTypes":[{"label":"Individuals (other than HNW)","clients":788,"regulatoryAum":261210561},{"label":"High-net-worth individuals","clients":386,"regulatoryAum":1197565556},{"label":"Pension and profit-sharing plans","clients":8,"regulatoryAum":78945180},{"label":"Insurance companies","clients":null,"fewerThan5":true,"regulatoryAum":3486501},{"label":"Corporations and other businesses","clients":204,"regulatoryAum":1988467656},{"label":"Other","clients":161,"regulatoryAum":1272635252}],"feePrograms":[],"brochureCoverage":{"scope":"known_documents","status":"not_processed","checkedAt":null,"documents":[]},"custodians":[{"name":"Cidel Trust Company Canada","shortName":"Cidel Trust Company Canada","location":"Calgary, Alberta","smaAssets":3385229150},{"name":"National Bank Independent Network","shortName":"National Bank Independent Network","location":"Toronto, Ontario","smaAssets":143919988},{"name":"State Street Corporation","shortName":"State Street","location":"Boston, MA","smaAssets":503326128},{"name":"Royal Bank of Canada","shortName":"Royal Bank of Canada","location":"Toronto, Ontario","smaAssets":741654987},{"name":"Aviso Wealth","shortName":"Aviso Wealth","location":"Vancouver","smaAssets":13509372},{"name":"Northern Trust","shortName":"Northern Trust","location":"Basel","smaAssets":14671081}],"custodyNote":"Cidel Asset Management does not have custody of client assets.","otherCustodians":[],"leadership":[{"name":"Bryan Tamblyn","title":"Chief Compliance Officer","crd":"7246458"},{"name":"Paul Buchanan","title":"CFO","crd":"7719844"},{"name":"Bradley Gibbert","title":"Senior VP","crd":"6772613"},{"name":"Arthur Heinmaa","title":"Investment Committee Member/CIO/Executive Committee","crd":"6385994"},{"name":"Tammy Meinstein","title":"Corporate Secretary","crd":"7719852"},{"name":"Ron Patton","title":"Director","crd":"7719855"},{"name":"Henry Perren","title":"Chairman","crd":"7719812"},{"name":"James Porter","title":"Executive VP","crd":"6385724"},{"name":"Criag Rimer","title":"Signing Officer","crd":"7893855"},{"name":"Hilton Sacks","title":"Executive VP","crd":"7719840"},{"name":"Christopher Shaw","title":"VP","crd":"7719850"}],"ownership":[{"label":"Cidel Bank Canada","detail":"Owner in the 75% or more ownership band and a control person, since December 2016."},{"label":"Cidel Bank & Trust Inc.","detail":"Indirect owner: a owner of Cidel Bank Canada in the 75% or more band and a control person, since December 2016.","parent":"Cidel Bank Canada"}],"branchOffices":null,"filedOffices":{"otherThanPrincipal":0,"privateResidences":0},"listedOfficeAddresses":1,"foreignOffices":[],"officesByState":[],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"416-977-6767","stateRegisteredReps":0,"otherAdviserReps":0,"compensation":["A percentage of assets under management"],"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","Other"],"financialPlanningClients":null,"assetMix":[{"label":"Exchange-traded equity securities","percent":40},{"label":"Non-exchange-traded equity securities","percent":2},{"label":"Investment grade corporate bonds","percent":8},{"label":"Securities issued by registered investment companies or business development companies","percent":44},{"label":"Securities issued by pooled investment vehicles (other than registered investment companies)","percent":1},{"label":"Cash and cash equivalents","percent":4},{"label":"Other","percent":1,"detail":"Private Loans and Warrants, Real Estate, and Private Equity"}],"privateFunds":0},"sources":{"adv1FilingDate":"27 March 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/172640/PDF/172640.pdf","brochureDate":null,"brochureUrl":null,"iapdCompiledDate":null,"retrievedDate":"15 October 2026","retrievedOn":"2026-10-15","updatedOn":"2026-10-21","holdingsUpdatedOn":"2026-10-21","adv1Pages":{},"brochurePages":{}},"otherBusiness":[],"faq":[{"question":"How many clients does Cidel Asset Management have?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does Cidel Asset Management offer?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Which custodians does Cidel Asset Management use?","answer":"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","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does Cidel Asset Management have?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What does Cidel Asset Management invest in?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Who owns Cidel Asset Management?","answer":"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","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does Cidel Asset Management get paid?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How do I contact Cidel Asset Management?","answer":"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.","source":"Form ADV Part 1A, Item 1.F, filed 27 March 2026","sourceRef":{"doc":"adv1","section":"offices"}}],"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 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."}