Lorne Steinberg Wealth Management provides financial planning, portfolio management for individuals and small businesses, portfolio management for pooled vehicles, and portfolio management for institutions. Financial planning was provided to 51–100 clients last fiscal year.
Lorne Steinberg Wealth Management reports 1,047 clients. They include 740 individual clients, 304 high-net-worth individuals and 3 pooled investment vehicles. Of its assets, 100.0% ($814M across 2,586 accounts) are managed with discretion. Of its clients, 96% are outside the U.S.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 71% | 5% |
| High-net-worth individuals | 29% | 49% |
| Pooled investment vehicles | <1% | 46% |
| Charitable organizations | Fewer than 5 | <1% |
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) | 740 | $37.3M | 4.6% | $50.4K |
| High-net-worth individuals | 304 | $401M | 49.2% | $1.32M |
| Pooled investment vehicles | 3 | $376M | 46.2% | $125M |
| Charitable organizations | Fewer than 5 | $495K | 0.1% | — |
| Total | 1,047 | $814M | 100% | — |
- Clients
- 740
- Regulatory AUM
- $37.3M
- AUM share
- 4.6%
- Avg. per client
- $50.4K
- Clients
- 304
- Regulatory AUM
- $401M
- AUM share
- 49.2%
- Avg. per client
- $1.32M
- Clients
- 3
- Regulatory AUM
- $376M
- AUM share
- 46.2%
- Avg. per client
- $125M
- Clients
- Fewer than 5
- Regulatory AUM
- $495K
- AUM share
- 0.1%
- Avg. per client
- —
Total
- Clients
- 1,047
- Regulatory AUM
- $814M
- AUM share
- 100%
- Avg. per client
- —
- Clients outside the U.S.
- 96%
- Clients advised without assets under management last fiscal year
- 0
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 51–100
Lorne Steinberg Wealth Management charges 0.50%–1.50% a year for its Separately Managed Account Fees. The fee is billed in arrears, is negotiable and requires an account of at least $250,000.
Fee details and sources
Lorne Steinberg owns 50% to 75% of Lorne Steinberg Wealth Management. Lorne Steinberg is CEO; the leadership team includes President Liam Card and Chief Compliance Officer Geoffrey Smith. It has 16 employees, 11 of them in advisory roles.
Leadership
- Lorne SteinbergChief Executive Officer
- Liam CardPresident
- Geoffrey SmithChief Compliance Officer
Staff
- 16 employees
- 11 in advisory functions
- Owns 50% to 75% of Lorne Steinberg Wealth Management Inc.
Lorne Steinberg
Control person · since April 2009
- Owns 25% to 50% of Lorne Steinberg Wealth Management Inc.
The 2019 Lorne Steinberg Family Trust
Control person · since September 2019
Geoffrey Smith
Trustee · Control person · since July 2019
- Owns 10% to 25% of Lorne Steinberg Wealth Management Inc.
Liam Card
Control person · since January 2025
Lorne Steinberg Wealth Management’s regulatory assets grew 1.7× from $466M (March 2021) to $814M (March 2026); clients rose from 808 to 1,047 and employees from 12 to 16.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| March 2026 | $814M | 1,047 | 16 | 3 |
| March 2025 | $654M | 993 | 16 | 3 |
| March 2024 | $593M | 924 | 15 | 2 |
| March 2023 | $489M | 858 | 14 | 2 |
| April 2022 | $578M | 837 | 12 | 2 |
| March 2021 | $466M | 808 | 12 | 2 |
Besides its headquarters, Lorne Steinberg Wealth Management has 2 offices, with 3 listed addresses outside the U.S..
International offices
- 36 TORONTO STREET, TORONTO, ONTARIO, M5C 2C5, Canada
- 380 WELLINGTON STREET, TOWER B, LONDON, N6A5B5, Canada
Contact and registration details
- Legal name
- Lorne Steinberg Wealth Management Inc.
- Headquarters
- 1000 De La Gauchetiere St W, Suite 3310, Montreal, Quebec, Canada H3B 4W5
- Website
- steinbergwealth.com
- Phone
- 514-876-9888
- SEC file
- 801-113179
- Structure
- corporation organized in Canada
- Fiscal year end
- December
Lorne Steinberg Wealth Management uses National Bank Independent Network ($793M) as custodian for its separately managed accounts. Lorne Steinberg Wealth Management does not have custody of client assets.
- National Bank Independent NetworkNational Bank Independent Network · Toronto · $793M100%
At year end, Lorne Steinberg Wealth Management’s separately managed accounts were largely in funds (47%) and stocks (37%). Its reported 13F holdings for the quarter ended 30 June 2026 total $487M across 72 positions; the largest are Royal Bank Of Canada (5.6%), Alphabet Inc.. Class A (4.6%) and Toronto Dominion Bank (4.1%).
What the accounts hold
- Stocks37%
- Funds47%
- Bonds10%
- Investment grade corporate bonds8%
- Sovereign bonds2%
- Cash5%
- Other1%
- Canadian mutual funds1%
Reported 13F holdings
- $487M
- Reported 13F value
- 72
- Positions
- 35.7%
- In the 10 largest
- +15.3%
- Value vs. prior quarter
- Royal Bank Of Canada5.6%
- Alphabet Inc.. Class A4.6%
- Toronto Dominion Bank4.1%
- Bank Of Montreal3.7%
- Cdn Imperial Bank Of Commerce3.5%
- Taiwan Semiconductor Mfg ADR · Sponsored ADR3.0%
- Cdn National Railway2.9%
- TC Energy Corp..2.8%
- Cdn Pacific KC Railway Ltd2.8%
- Microsoft Corp.2.8%
Together, the ten largest are 35.7% of reported value.
How many clients does Lorne Steinberg Wealth Management have?
Lorne Steinberg Wealth Management has 1,047 clients and manages $814 million for them, as of March 2026. They include 740 individual clients, 304 high-net-worth individuals and 3 pooled investment vehicles.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 27 March 2026
What services does Lorne Steinberg Wealth Management offer?
Lorne Steinberg Wealth Management provides financial planning, 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
How much does Lorne Steinberg Wealth Management charge?
Lorne Steinberg Wealth Management charges 0.50%–1.50% a year for its Separately Managed Account Fees. The fee is billed in arrears, is negotiable and requires an account of at least $250,000.
Which custodians does Lorne Steinberg Wealth Management use?
Lorne Steinberg Wealth Management’s separately managed account assets are held at National Bank Independent Network (Toronto), with $793M. 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 Lorne Steinberg Wealth Management have?
Lorne Steinberg Wealth Management has 0 investment adviser representatives registered with state securities authorities, out of 16 employees, and 11 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 Lorne Steinberg Wealth Management invest in?
At the end of its last fiscal year, Lorne Steinberg Wealth Management’s separately managed accounts held 47% pooled vehicles (private funds and similar), 37% exchange-traded equities, 8% investment grade corporate bonds, 5% cash and equivalents, 2% sovereign bonds and 1% other. The 1% other category is described as: Canadian Mutual Funds.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Does Lorne Steinberg Wealth Management have a minimum investment?
Yes, Lorne Steinberg Wealth Management’s minimum account size for its Separately Managed Account Fees is $250K.
Who owns Lorne Steinberg Wealth Management?
Lorne Steinberg Wealth Management’s direct owners are Lorne Steinberg (50% to 75%), Liam Card (10% to 25%) and the 2019 Lorne Steinberg Family Trust (25% to 50%).
Source: Form ADV Part 1A, Schedules A and B, filed 27 March 2026
How does Lorne Steinberg Wealth Management get paid?
Lorne Steinberg Wealth 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
How do I contact Lorne Steinberg Wealth Management?
Lorne Steinberg Wealth Management’s main office is at 1000 De La Gauchetiere St W, Suite 3310, Montreal, Quebec, Canada H3B 4W5. Its phone number is 514-876-9888. Its website is steinbergwealth.com.