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Mackenzie Financial

SEC-registered adviser since 1985Toronto, Ontario, CanadaCRD 110338

$194.9B
AUM
484
Clients
See fees
Fee
107
Advisory staff

From Form ADV filed 30 March 2026 · data retrieved 15 October 2026SEC record

Mackenzie Financial is an investment adviser headquartered in Toronto, Ontario, Canada, and registered with the SEC since 1985. Its clients include pooled investment vehicles, insurance companies, and pension and profit-sharing plans.

Its services include 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. Mackenzie Inc. owns 75% or more of Mackenzie Financial, and Joseph Gould is its CEO.

Clients

Mackenzie Financial serves 484 clients, 477 of them pooled investment vehicles. The average client has about $403 million with the firm.

Regulatory assets by client type
  • Pooled investment vehicles477 clients84%
  • Insurance companies15%
  • OtherPension and profit-sharing plans, Charitable organizations, State or municipal government entities, Other1%
Show client breakdown
Pooled investment vehicles
Clients
477
Regulatory AUM
$163,234,644,933
Share
83.8%
Avg. per client
$342.2M
Pension and profit-sharing plans
Clients
7
Regulatory AUM
$2,426,715,801
Share
1.2%
Avg. per client
$346.7M
Charitable organizations
Clients
Not reported
Regulatory AUM
$5,043,146
Share
0.0%
Avg. per client
—
State or municipal government entities
Clients
Not reported
Regulatory AUM
$2,362,814
Share
0.0%
Avg. per client
—
Insurance companies
Clients
Not reported
Regulatory AUM
$29,113,693,723
Share
14.9%
Avg. per client
—
Other
Clients
Not reported
Regulatory AUM
$94,397,224
Share
0.0%
Avg. per client
—

Total

Clients
484
Regulatory AUM
$194,876,857,641
Share
100%
Avg. per client
$402.6M

What it does

Mackenzie Financial provides 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.

Mackenzie Financial provided financial planning to 0 clients last fiscal year and advises 2 private funds.

100.0% of assets ($194.88B across 685 accounts) are managed with discretion. 99% of clients are outside the U.S., and 10 clients received advice without assets under management last fiscal year.

What the accounts hold

Separately managed account assets by class, year end
  • Stocks65%
  • Bonds21%
    • Investment grade corporate bonds12%
    • Sovereign bonds8%
    • U.S. government and agency bonds1%
  • Cash10%
  • Other4%
    • Fund of fund investments4%

Custodians

Mackenzie Financial’s client accounts are held mainly at CIBC Mellon Global Securities, with 21% of managed assets, and RBC Investors Services, with 0%. Mackenzie Financial has custody of client assets.

Managed account assets by custodian
  • CIBC Mellon Global SecuritiesCIBC Mellon Global Securities Company · Toronto · $41.12B21%
  • OtherRBC Investors Services, All other custodians79%

Ownership and leadership

Mackenzie Inc. owns 75% or more of Mackenzie Financial, and Joseph Gould is its CEO.

Who owns the firm
Mackenzie Financial Corporation· the adviser

  • Mackenzie Inc.

    Control person · since January 2003

    Owns 75% or more of Mackenzie Financial Corporation

  • Gregory Fleming

    Trustee of Gould, Joseph, Luke Gregoire · Control person · since February 2024

Leadership

  • Joseph Gould
    Director, Chariman President and Chief Executive Officer
  • Kristin Ashcroft
    Director and Executive Vice-President, Products and Solutions
  • Christopher Boyle
    Senior Vice President, Institutional
  • Samuel Burns
    Executive Vice-President, Chief Information Officer
  • Gary Chateram
    Senior Vice-President, Co-Head of Retail
  • Rhonda Goldberg
    Executive Vice-President, General Counsel
  • Douglas Milne
    Executive Vice-President, Chief Marketing Strategy Officer
  • Keith Potter
    Executive Vice-President and Chief Financial Officer
  • Cynthia Reiter Currie
    Executive Vice-President, Chief Human Resources Officer
  • Theodoros Rountes
    Vice-President, Fund Services and Chief Financial Officer, Funds
  • Gillian Seidler
    Vice-President, Chief Compliance Officer
  • Naomi Bartlett
    Director
  • Karen Gavan
    Director
  • Steven Locke
    Chief Investment Officer, Fixed Income and Multi-Asset Strategies
  • Lesley Marks
    Chief Investment Officer, Equities
  • Nancy McCuaig
    Director and Chief Operations Officer
  • Nicholas Westlind
    Director

Staff

  • 1,362 employees
  • 107 in advisory functions
  • 11 broker-dealer reps
  • 1 soliciting firm

Reported holdings

Mackenzie Financial’s reported 13F holdings total $99.96B across 1,554 positions, and the ten largest make up 27.8% of it.

$99.96B
Reported 13F value
1,554
Positions
27.8%
In the 10 largest
+19.9%
Value vs. prior quarter
Ten largest positions, share of reported value
  1. Royal Bank Of Canada5.5%
  2. Toronto-dominion Bank/the3.9%
  3. Nvidia Corp.2.9%
  4. State Street Corp. · Etp2.6%
  5. Apple Inc.2.6%
  6. Bank Of Montreal2.1%
  7. Alphabet Inc.2.1%
  8. Canadian Pacific Kansas City L2.1%
  9. Microsoft Corp.2.0%
  10. Agnico Eagle Mines Ltd2.0%

Together, the ten largest are 27.8% of reported value.

The 50 largest positions and quarterly changesQuarter ended 30 June 2026 · filed 13 August 2026

A 13F covers only exchange-traded long positions the firm holds with discretion, so this $99.96B is not its $194.88B in regulatory assets and does not represent any individual client's portfolio.

Fees

Mackenzie Financial is paid through a percentage of assets under management and performance-based fees.

Mackenzie Financial’s fee rates are not included in this profile. Find its brochure on the SEC’s site.

Offices and registrations

Besides its headquarters, Mackenzie Financial has 7 offices, with 1 listed address with no US state reported.

Other business names

Mackenzie Financial has reported 1 other business name to the SEC.

  • Mackenzie Investments

Registration details

Legal name
Mackenzie Financial Corporation
Headquarters
180 Queen Street West, Toronto, Ontario, Canada M5V 3K1
Phone
416-967-2323
Website
Not reported
SEC file
801-25226
Structure
corporation organized in Canada
Fiscal year end
December

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 Mackenzie Financial have?

Mackenzie Financial has 484 clients and manages $194.9 billion for them, as of March 2026. They include 477 pooled investment vehicles and 7 pension and profit-sharing plans.

Source: Form ADV Part 1A, Items 5.D and 5.F, filed 30 March 2026

What services does Mackenzie Financial offer?

Mackenzie Financial 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 Mackenzie Financial use?

Mackenzie Financial’s separately managed account assets are held at CIBC Mellon Global Securities Company (Toronto), with $41,121,254,741 and RBC Investors Services (Toronto), with $652,341,844. Only custodians holding at least a tenth of those assets are named.

Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 30 March 2026

How many financial advisors does Mackenzie Financial have?

Mackenzie Financial has 0 investment adviser representatives registered with state securities authorities, out of 1,362 employees, and 107 perform investment advisory functions. 11 are registered representatives of a broker-dealer and 0 are 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 Mackenzie Financial invest in?

At the end of its last fiscal year, Mackenzie Financial’s separately managed accounts held 65% exchange-traded equities, 12% investment grade corporate bonds, 10% cash and equivalents, 8% sovereign bonds, 4% fund of fund investments and 1% U.S. government and agency bonds. It advises 2 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 Mackenzie Financial?

Mackenzie Financial’s direct owner is Mackenzie Inc. (75% or more).

Source: Form ADV Part 1A, Schedules A and B, filed 30 March 2026

How does Mackenzie Financial get paid?

Mackenzie Financial 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 30 March 2026. Items 1, 5, 9, 11 and Schedules A, B and D.
  2. IAPD firm record, CRD 110338.
  3. Form 13F-HR, filed 13 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 Mackenzie Financial Corporation 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.