Guardian Partners provides portfolio management for individuals and small businesses, portfolio management for pooled vehicles, portfolio management for institutions, and selecting other managers.
Guardian Partners reports 3,051 clients. They include 2,174 individual clients, 522 high-net-worth individuals, and 310 corporations and other businesses. Of its assets, 100.0% ($3.29B across 3,089 accounts) are managed with discretion. Of its clients, 99% are outside the U.S. It advised 90 clients without assets under management last fiscal year.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 71% | 21% |
| High-net-worth individuals | 17% | 41% |
| Pooled investment vehicles | <1% | 10% |
| Pension and profit-sharing plans | <1% | <1% |
| Charitable organizations | <1% | <1% |
| Other client typesOther investment advisers; Corporations and other businesses | 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) | 2,174 | $703M | 21.3% | $323K |
| High-net-worth individuals | 522 | $1.34B | 40.8% | $2.57M |
| Pooled investment vehicles | 4 | $313M | 9.5% | $78.3M |
| Pension and profit-sharing plans | 22 | $21M | 0.6% | $957K |
| Charitable organizations | 19 | $26.9M | 0.8% | $1.42M |
| Other investment advisers | Fewer than 5 | $19.3M | 0.6% | — |
| Corporations and other businesses | 310 | $868M | 26.4% | $2.8M |
| Total | 3,051 | $3.29B | 100% | — |
- Clients
- 2,174
- Regulatory AUM
- $703M
- AUM share
- 21.3%
- Avg. per client
- $323K
- Clients
- 522
- Regulatory AUM
- $1.34B
- AUM share
- 40.8%
- Avg. per client
- $2.57M
- Clients
- 4
- Regulatory AUM
- $313M
- AUM share
- 9.5%
- Avg. per client
- $78.3M
- Clients
- 22
- Regulatory AUM
- $21M
- AUM share
- 0.6%
- Avg. per client
- $957K
- Clients
- 19
- Regulatory AUM
- $26.9M
- AUM share
- 0.8%
- Avg. per client
- $1.42M
- Clients
- Fewer than 5
- Regulatory AUM
- $19.3M
- AUM share
- 0.6%
- Avg. per client
- —
- Clients
- 310
- Regulatory AUM
- $868M
- AUM share
- 26.4%
- Avg. per client
- $2.8M
Total
- Clients
- 3,051
- Regulatory AUM
- $3.29B
- AUM share
- 100%
- Avg. per client
- —
- Clients outside the U.S.
- 99%
- Clients advised without assets under management last fiscal year
- 90
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 0
Guardian Partners is paid through a percentage of assets under management. The reviewed brochures do not disclose an asset-based fee rate. Read the SEC-filed brochure. The brochure also prices one other service, listed under fee details.
Fee details and sources
Other fees
- Performance Reporting
- Where GP provides regular performance reporting on accounts outside its management services, a fee of 0.05% a year of account value applies, subject to a per-account minimum.
Guardian Capital Group Limited owns 75% or more of Guardian Partners and is in turn owned by Desjardins Global Asset Management Inc. (75% or more). The leadership team of Guardian Partners includes President Anthony Messina, Chief Financial Officer Francis Mercuri and Chief Compliance Officer Margo Forster Pazienza. It has 76 employees, 30 of them in advisory roles.
Leadership
- Anthony MessinaPresident
- Francis MercuriChief Financial Officer
- Margo Forster PazienzaChief Compliance Officer
- Andrew ChristodoulouDirector
- George MavroudisDirector
- Matthew TurnerDirector
- Matthew TurnerGeneral Counsel, Secretary
- Donald YiDirector
Investment adviser representatives
6 representatives listed in the SEC register as of 9 October 2026.
- John Matthew Baker
- Mark Bodnar
- Thierry Michael Di Nallo
- Alexandra Jane Evans
- Jessi Johnathon Hilton
- Christie Frances Rose
Staff
- 76 employees
- 30 in advisory functions
- 6 state-registered reps
- 67 soliciting firms
- Owns 75% or more of Guardian Partners Inc.
Guardian Capital Group Limited
Control person · since March 2021
- Owns 75% or more of Guardian Capital Group Limited
Desjardins Global Asset Management Inc.
Control person · since March 2026
- Owns 75% or more of Desjardins Global Asset Management Inc.
Desjardins Financial Corporation Inc.
Control person · since March 2026
- Owns 75% or more of Desjardins Financial Corporation Inc.
Desjardins Financial Holdings Inc.
Control person · since March 2026
- Owns 75% or more of Desjardins Financial Holdings Inc.
Federation Des Caisses Desjardins Du Quebec
Control person · since March 2026
- Owns 25% to 50% of Guardian Partners Inc.
Andrew Christodoulou
Control person · since December 2024
Guardian Partners’ regulatory assets grew from $2.93B (March 2025) to $3.29B (March 2026); clients fell from 3,479 to 3,051 and employees rose from 59 to 76.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| March 2026 | $3.29B | 3,051 | 76 | 3 |
| March 2025 | $2.93B | 3,479 | 59 | 3 |
Besides its headquarters, Guardian Partners has 2 offices, with 3 listed addresses outside the U.S..
International offices
- 355 BURRARD ST, VANCOUVER, V6C 2G8, Canada
- 640 5TH AVENUE SW, CALGARY, T2P 3G4, Canada
Contact and registration details
- Legal name
- Guardian Partners Inc.
- Headquarters
- Commerce Court West, 199 Bay Street,, Suite 2700, Toronto, Ontario, Canada M5L 1E8
- Website
- guardiancapital.com
- Phone
- 416-840-8001
- SEC file
- 801-131497
- Structure
- corporation organized in Canada
- Fiscal year end
- December
Guardian Partners uses National Bank Independent Network ($2.81B, 90%) and CIBC Mellon Trust ($313M, 10%) as custodians for its separately managed accounts. Guardian Partners does not have custody of client assets.
- CIBC Mellon TrustCIBC Mellon Trust Company · Toronto · $313M10%
- National Bank Independent NetworkNational Bank Independent Network · Toronto · $2.81B90%
At year end, Guardian Partners’ separately managed accounts were mostly in stocks (50%) and funds (33%).
What the accounts hold
- Stocks50%
- Funds33%
- Pooled vehicles32%
- Registered funds1%
- Bonds10%
- Cash7%
How many clients does Guardian Partners have?
Guardian Partners has 3,051 clients and manages $3.29 billion for them, as of March 2026. They include 2,174 individual clients, 522 high-net-worth individuals, and 310 corporations and other businesses.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 31 March 2026
What services does Guardian Partners offer?
Guardian Partners provides 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 Guardian Partners use?
Guardian Partners’ separately managed account assets are held at National Bank Independent Network (Toronto), with $2.81B and CIBC Mellon Trust Company (Toronto), with $313M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 31 March 2026
How many financial advisors does Guardian Partners have?
Guardian Partners has 6 investment adviser representatives registered with state securities authorities, out of 76 employees, and 30 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 Guardian Partners invest in?
At the end of its last fiscal year, Guardian Partners’ separately managed accounts held 50% exchange-traded equities, 32% pooled vehicles (private funds and similar), 10% investment grade corporate bonds, 7% cash and equivalents and 1% registered funds (mutual funds, ETFs, BDCs).
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Guardian Partners?
Guardian Partners is owned through a chain of holding companies by Federation Des Caisses Desjardins Du Quebec. Its direct owners are Guardian Capital Group Limited (75% or more) and Andrew Christodoulou (25% to 50%).
Source: Form ADV Part 1A, Schedules A and B, filed 31 March 2026
How does Guardian Partners get paid?
Guardian Partners 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 Guardian Partners?
Guardian Partners’ main office is at Commerce Court West, 199 Bay Street,, Suite 2700, Toronto, Ontario, Canada M5L 1E8. Its phone number is 416-840-8001. Its website is guardiancapital.com.