{"url":"https://nivawealth.com/firms/pinestone-asset-management-317431","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/317431","regulatoryAum":54134531229,"crd":"317431","secFileNumber":"801-122764","legalName":"Pinestone Asset Management Inc.","displayName":"Pinestone Asset Management","website":null,"linkedinUrl":"https://linkedin.com/company/pinestoneam/","founded":null,"organization":"corporation organized in Canada","fiscalYearEnd":"December","headquarters":{"street":"1981 McGill College, Suite 1600","city":"Montreal, Quebec","state":"","stateName":"","country":"Canada","postalCode":"H3A 2Y1"},"tradeNames":["Gestion D'Actifs Pinestone Inc."],"registration":{"secApproved":"20 December 2021","noticeFilings":0,"latestNoticeFiling":null,"inventory":{"sourceUrl":"https://reports.adviserinfo.sec.gov/reports/CompilationReports/IA_FIRM_SEC_Feed_10_15_2026.xml.gz","sourceAsOf":"2026-10-15","retrievedAt":"2026-10-16T03:16:53.781384+00:00","noticeFilings":[],"registrationStatus":[{"status":"Approved","jurisdiction":"SEC","effectiveDate":"2021-12-20"}]}},"staff":{"employees":46,"advisory":13,"brokerDealerReps":0,"insuranceAgents":0,"promoters":0},"aum":{"discretionary":50496900365,"discretionaryAccounts":88,"nonDiscretionary":3637630864,"nonDiscretionaryAccounts":11,"wrapProgram":null,"nonUsClientsPct":68,"nonAumClients":22},"clientTypes":[{"label":"Investment companies","clients":7,"regulatoryAum":3770574490},{"label":"Pooled investment vehicles","clients":49,"regulatoryAum":35404195311},{"label":"Pension and profit-sharing plans","clients":12,"regulatoryAum":4752290920},{"label":"Charitable organizations","clients":null,"fewerThan5":true,"regulatoryAum":13725724},{"label":"State or municipal government entities","clients":8,"regulatoryAum":4253008034},{"label":"Other investment advisers","clients":10,"regulatoryAum":4312635979},{"label":"Corporations and other businesses","clients":null,"fewerThan5":true,"regulatoryAum":291505371},{"label":"Other","clients":9,"regulatoryAum":1336595400}],"fees":[],"feeNotes":[],"feePrograms":[],"brochureCoverage":{"scope":"known_documents","status":"not_processed","checkedAt":null,"documents":[]},"custodians":[{"name":"State Street Trust Company Canada","shortName":"State Street Trust Company Canada","location":"Montreal","smaAssets":2662852216},{"name":"State Street Trust Company","shortName":"State Street Trust","location":"Boston, MA","smaAssets":2662341235},{"name":"Bank of New York Mellon Trust Company","shortName":"Bank of New York Mellon Trust","location":"New York, NY","smaAssets":2875009451},{"name":"Brown Brother Harriman & Co.","shortName":"Brown Brother Harriman &","location":"New York, NY","smaAssets":1792286816}],"custodyNote":"Pinestone Asset Management has custody of $878.2M for 19 clients.","otherCustodians":[],"leadership":[{"name":"Nadim Rizk","title":"Chief Executive Officer, Chief Investment Officer, Shareholder, President, Director","crd":"7458830"},{"name":"Audrey Huot","title":"Chief Financial Officer","crd":"7483482"},{"name":"Claudia Gourde","title":"Chief Operating Officer & Chief Legal Officer","crd":"5866950"},{"name":"David Doumani","title":"Chief Compliance Officer & Chief Risk Officer","crd":"7002753"}],"ownership":[{"label":"Nadim Rizk","detail":"Chief executive officer, chief investment officer, shareholder, president, director in the 75% or more ownership band and a control person, since March 2021."}],"branchOffices":null,"filedOffices":{"otherThanPrincipal":0,"privateResidences":0},"listedOfficeAddresses":1,"foreignOffices":[],"officesByState":[],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"438-793-0444","stateRegisteredReps":0,"otherAdviserReps":0,"compensation":["A percentage of assets under management","Performance-based fees","Other"],"activities":["Portfolio management for investment companies","Portfolio management for pooled investment vehicles (other than investment companies)","Portfolio management for businesses (other than small businesses) or institutional clients"],"financialPlanningClients":null,"assetMix":[{"label":"Exchange-traded equity securities","percent":99},{"label":"Cash and cash equivalents","percent":1}],"privateFunds":2},"sources":{"adv1FilingDate":"30 March 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/317431/PDF/317431.pdf","brochureDate":null,"brochureUrl":null,"iapdCompiledDate":null,"retrievedDate":"15 October 2026","retrievedOn":"2026-10-15","adv1Pages":{},"brochurePages":{}},"otherBusiness":[],"faq":[{"question":"How many clients does Pinestone Asset Management have?","answer":"Pinestone Asset Management has at least 95 clients and manages $54.1 billion for them, as of March 2026. They include 49 pooled investment vehicles, 12 pension and profit-sharing plans and 10 other investment advisers.","source":"Form ADV Part 1A, Items 5.D and 5.F, filed 30 March 2026","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does Pinestone Asset Management offer?","answer":"Pinestone Asset Management provides portfolio management for investment companies, 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 Pinestone Asset Management use?","answer":"Pinestone Asset Management’s separately managed account assets are held at Bank of New York Mellon Trust Company (New York, NY), with $2,875,009,451, State Street Trust Company Canada (Montreal), with $2,662,852,216, State Street Trust Company (Boston, MA), with $2,662,341,235 and Brown Brother Harriman & Co. (New York, NY), with $1,792,286,816. 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","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does Pinestone Asset Management have?","answer":"Pinestone Asset Management has 0 investment adviser representatives registered with state securities authorities, out of 46 employees, and 13 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 Pinestone Asset Management invest in?","answer":"At the end of its last fiscal year, Pinestone Asset Management’s separately managed accounts held 99% exchange-traded equities and 1% cash and equivalents. 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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Who owns Pinestone Asset Management?","answer":"Pinestone Asset Management’s direct owner is Nadim Rizk (75% or more).","source":"Form ADV Part 1A, Schedules A and B, filed 30 March 2026","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does Pinestone Asset Management get paid?","answer":"Pinestone Asset Management is paid through a percentage of assets under management, performance-based fees and other arrangements. 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","sourceRef":{"doc":"adv1","section":"employees"}}],"holdings":{"url":"https://nivawealth.com/firms/pinestone-asset-management-317431/holdings","form":"13F-HR","periodOfReport":"2026-06-30","filedOn":"2026-07-13","filingIndexUrl":"https://www.sec.gov/Archives/edgar/data/1904893/000117266126002596/0001172661-26-002596-index.html","totalValue":16190525118,"positionCount":44,"top10Share":0.6313912961127466,"top10":[{"issuer":"TAIWAN SEMICONDUCTOR MANUFAC","titleOfClass":"SPONSORED ADS","cusip":"874039100","value":2368744335,"shares":4959994,"shareType":"SH","priorValue":1787553408,"priorShares":5288479},{"issuer":"ALPHABET INC","titleOfClass":"CAP STK CL A","cusip":"02079K305","value":1646696991,"shares":4607821,"shareType":"SH","priorValue":1488064050,"priorShares":5174795},{"issuer":"MOODYS 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Facts as filed; not a rating, ranking, or recommendation. Niva Wealth 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."}