{
  "crd_number": 120836,
  "slug": "1832-asset-management-u-s-inc-toronto-ontario-120836",
  "primary_business_name": "1832 ASSET MANAGEMENT U.S. INC.",
  "legal_name": "1832 ASSET MANAGEMENT U.S. INC.",
  "dbas": [
    "JARISLOWSKY FRASER GLOBAL INVESTMENT MANAGEMENT",
    "PRIVATE INVESTMENT COUNSEL",
    "SCOTIA GLOBAL ASSET MANAGEMENT",
    "SCOTIA JARISLOWSKY FRASER",
    "SCOTIA WEALTH MANAGEMENT"
  ],
  "city": "Toronto, Ontario",
  "state": null,
  "country": "Canada",
  "cbsa_code": null,
  "metro": null,
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "2002-06-14",
  "years_registered": 24,
  "period": "2026-10-01",
  "filing_date": "2026-09-04",
  "carried_forward": false,
  "raum_total": 1427489393.0,
  "raum_discretionary": 1427489393.0,
  "raum_non_discretionary": 0.0,
  "raum_band": "1b_5b",
  "raum_band_label": "$1 billion to $5 billion",
  "total_employees": 251,
  "advisory_employees": 113,
  "client_count_bucket": "fewer_than_5_in_some_types",
  "clients_by_type": {
    "charitable": {
      "raum": null,
      "count": 0
    },
    "individuals": {
      "raum": 80363767.0,
      "count": 152
    },
    "banking_thrift": {
      "raum": null,
      "count": 0
    },
    "state_municipal": {
      "raum": null,
      "count": 0
    },
    "insurance_companies": {
      "raum": null,
      "count": 0
    },
    "investment_companies": {
      "raum": 342380850.0,
      "count": 1
    },
    "pension_profit_sharing": {
      "raum": 196126872.0,
      "count": null,
      "fewer_than_5": true
    },
    "other_investment_advisers": {
      "raum": null,
      "count": 0
    },
    "high_net_worth_individuals": {
      "raum": 601491687.0,
      "count": 127
    },
    "pooled_investment_vehicles": {
      "raum": 25896630.0,
      "count": 1
    },
    "corporations_other_businesses": {
      "raum": 181229587.0,
      "count": 15
    },
    "sovereign_wealth_foreign_official": {
      "raum": null,
      "count": 0
    }
  },
  "compensation_types": [
    "percentage_of_aum",
    "performance_based"
  ],
  "advisory_activities": [
    "portfolio_management_businesses_institutional",
    "portfolio_management_individuals",
    "portfolio_management_investment_companies"
  ],
  "wrap_fee_participant": true,
  "disclosure_yes_count": 7,
  "states_registered": [
    "AZ",
    "CA",
    "CO",
    "CT",
    "DC",
    "DE",
    "FL",
    "GA",
    "HI",
    "IL",
    "IN",
    "LA",
    "MA",
    "MD",
    "ME",
    "MI",
    "MN",
    "MO",
    "MS",
    "MT",
    "NC",
    "ND",
    "NH",
    "NJ",
    "NV",
    "NY",
    "OH",
    "OR",
    "PA",
    "PR",
    "SC",
    "SD",
    "TN",
    "TX",
    "UT",
    "VA",
    "VI",
    "VT",
    "WA"
  ],
  "websites": [
    "https://jflglobal.com/en-us/home"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/120836",
  "disclosure_items": [
    {
      "item": "11.A(2)",
      "question": "In the past ten years, has the firm or an advisory affiliate been charged with a felony?"
    },
    {
      "item": "11.C(1)",
      "question": "Has the SEC or the CFTC ever found that the firm or an advisory affiliate made a false statement or omission?"
    },
    {
      "item": "11.C(2)",
      "question": "Has the SEC or the CFTC ever found that the firm or an advisory affiliate was involved in a violation of SEC or CFTC regulations or statutes?"
    },
    {
      "item": "11.C(4)",
      "question": "Has the SEC or the CFTC ever entered an order against the firm or an advisory affiliate in connection with investment-related activity?"
    },
    {
      "item": "11.C(5)",
      "question": "Has the SEC or the CFTC ever imposed a civil money penalty on the firm or an advisory affiliate, or ordered the firm or an advisory affiliate to cease and desist from an activity?"
    },
    {
      "item": "11.D(1)",
      "question": "Has another federal regulator, a state regulator, or a foreign financial regulator ever found that the firm or an advisory affiliate made a false statement or omission, or was dishonest, unfair, or unethical?"
    },
    {
      "item": "11.E(2)",
      "question": "Has a self-regulatory organization or a commodities exchange ever found that the firm or an advisory affiliate was involved in a violation of its rules, other than a minor rule violation under a plan the SEC approved?"
    }
  ],
  "city_as_filed": "TORONTO, ONTARIO",
  "url": "https://advisorcensus.com/firm/1832-asset-management-u-s-inc-toronto-ontario-120836",
  "display_name": "1832 Asset Management U.S. Inc.",
  "summary": "1832 Asset Management U.S. Inc. is an SEC-registered investment advisory firm in Toronto, Ontario, Canada, registered since 2002, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated September 4, 2026.",
  "citation": "AdvisorCensus. 1832 Asset Management U.S. Inc. (CRD 120836): Form ADV filing data as of October 2026.",
  "registration_type_label": "SEC-registered investment adviser",
  "compensation_labels": [
    "A percentage of assets under your management",
    "Performance-based fees"
  ],
  "advisory_activity_labels": [
    "Portfolio management for individuals and/or small businesses",
    "Portfolio management for investment companies (and business development companies)",
    "Portfolio management for businesses (other than small businesses) or institutional clients"
  ],
  "quick_answers": [
    {
      "q": "How is 1832 Asset Management U.S. Inc. compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), 1832 Asset Management U.S. Inc. reports these compensation arrangements: a percentage of assets under its management; performance-based fees."
    },
    {
      "q": "Where is 1832 Asset Management U.S. Inc. located?",
      "a": "1832 Asset Management U.S. Inc.'s principal office is in Toronto, Ontario, Canada, according to its Form ADV; the October 2026 filing also lists 26 other offices (Schedule D, Section 1.F)."
    },
    {
      "q": "Is 1832 Asset Management U.S. Inc. registered with the SEC or a state?",
      "a": "1832 Asset Management U.S. Inc. is an SEC-registered investment advisory firm, registered since 2002. Status as filed: Approved. CRD 120836."
    },
    {
      "q": "How much does 1832 Asset Management U.S. Inc. manage?",
      "a": "1832 Asset Management U.S. Inc. reports $1,427,489,393 in regulatory assets under management in its Form ADV filing dated September 4, 2026 (100% discretionary)."
    },
    {
      "q": "How have 1832 Asset Management U.S. Inc.'s assets and staff changed since 2021?",
      "a": "In the Form ADV data for 1832 Asset Management U.S. Inc.: Regulatory assets under management: $664,211,962 in the October 2021 data and $1,427,489,393 in the October 2026 data, up 115%. Total employees: 27 in October 2021 and 251 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does 1832 Asset Management U.S. Inc. serve?",
      "a": "By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (152); high net worth individuals (127); corporations or other businesses not listed above (15)."
    },
    {
      "q": "Which custodians does 1832 Asset Management U.S. Inc. use?",
      "a": "1832 Asset Management U.S. Inc.'s most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Scotiatrust (affiliated with the firm) as a custodian holding 10% or more of its separately managed account assets."
    },
    {
      "q": "Does 1832 Asset Management U.S. Inc. report any disciplinary disclosures?",
      "a": "Reports 7 disclosure items on Form ADV Item 11: yes answers to 1 question about criminal matters and 6 questions about regulatory matters (11.A(2), 11.C(1), 11.C(2), 11.C(4), 11.C(5), 11.D(1), 11.E(2)). Each question covers the firm and its advisory affiliates, and one event can produce several yes answers. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/120836"
    },
    {
      "q": "What changed in 1832 Asset Management U.S. Inc.'s recent Form ADV filings?",
      "a": "In the October 2026 filing data: Item 11 disclosure answers changed: 7 yes answers, previously 6 (now yes: 11.E(2))."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 664211962.0,
      "total_employees": 27,
      "filing_date": "2021-01-28"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 776526583.0,
      "total_employees": 39,
      "filing_date": "2022-03-01"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 756537718.0,
      "total_employees": 39,
      "filing_date": "2023-06-30"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 787175523.0,
      "total_employees": 43,
      "filing_date": "2024-01-26"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 922252042.0,
      "total_employees": 59,
      "filing_date": "2025-05-16"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 1427489393.0,
      "total_employees": 251,
      "filing_date": "2026-09-04"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-10-01",
      "period_label": "October 2026",
      "notes": [
        "Item 11 disclosure answers changed: 7 yes answers, previously 6 (now yes: 11.E(2))."
      ]
    },
    {
      "period": "2026-06-01",
      "period_label": "June 2026",
      "notes": [
        "Registered or notice-filed in IN, ME, ND."
      ]
    },
    {
      "period": "2026-01-01",
      "period_label": "January 2026",
      "notes": [
        "Added the business name Scotia Jarislowsky Fraser.",
        "Added the business name Scotia Global Asset Management.",
        "Added the business name Jarislowsky Fraser Global Investment Management.",
        "Employees performing advisory functions went from 77 to 113.",
        "Regulatory assets under management went from $922,252,042 to $1,427,489,393 (+55%).",
        "Added an office in Calgary, Alberta.",
        "Added an office in Halifax, Nova Scotia.",
        "Added an office in Montreal, Quebec.",
        "Added an office in Toronto, Ontario.",
        "Added an office in Vancouver, British Columbia.",
        "Added an office in Westmount, Quebec.",
        "Registered or notice-filed in DE, HI, MS, MT, VA."
      ]
    },
    {
      "period": "2025-12-01",
      "period_label": "December 2025",
      "notes": [
        "Item 11 disclosure answers changed: 6 yes answers, previously 5 (now yes: 11.D(1)).",
        "Employees performing advisory functions went from 23 to 77."
      ]
    },
    {
      "period": "2025-11-01",
      "period_label": "November 2025",
      "notes": [
        "Changed its office addresses in Edmonton, Alberta.",
        "Changed its office addresses in Toronto, Ontario.",
        "Added an office in Barrie, Ontario.",
        "Added an office in Burlington, Ontario.",
        "Added an office in Kanata, Ontario.",
        "Added an office in Kelowna, British Columbia.",
        "Added an office in Markham, Ontario.",
        "Added an office in Mississauga, Ontario.",
        "Added an office in New Glasgow, Nova Scotia.",
        "Added an office in Saint John, New Brunswick.",
        "Added an office in Saskatoon, Saskatchewan.",
        "Added an office in Victoria, British Columbia.",
        "Added an office in Waterloo, Ontario.",
        "Added an office in West Vancouver, British Columbia.",
        "Added an office in Whitby, Ontario.",
        "Added an office in White Rock, British Columbia."
      ]
    }
  ],
  "fees_from_brochure": {
    "source": "Form ADV Part 2A brochure dated August 20, 2026",
    "provided_by_the_firm": false,
    "tiers": [],
    "flat_rate": null,
    "stated_range": null,
    "stated_maximum": null,
    "account_minimum": null,
    "account_minimum_may_be_waived": false,
    "minimum_annual_fee": "$10,000",
    "planning_fees": [],
    "figures": [
      {
        "label": "Minimum annual fee",
        "statements": [
          "Minimum annual fee: $10,000"
        ],
        "quotes": [
          "The Advisor’s Fees for Portfolio Management Services are based on the Current Tier Schedule: Minimum fee: $10,000"
        ]
      }
    ],
    "values": {
      "tiers": [],
      "range_pct": null,
      "max_pct": null,
      "account_minimum": null,
      "minimum_annual_fee": 10000.0,
      "planning": []
    },
    "quotes": [
      "The Advisor’s Fees for Portfolio Management Services are based on the Current Tier Schedule: Minimum fee: $10,000"
    ],
    "note": "As stated in the firm's brochure; fees can differ by service and may be negotiable."
  },
  "custodians": [
    {
      "name": "Scotiatrust",
      "name_as_filed": "SCOTIATRUST",
      "affiliated": true
    }
  ],
  "custodians_note": "Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.",
  "markdown_url": "https://advisorcensus.com/firm/1832-asset-management-u-s-inc-toronto-ontario-120836.md",
  "clients": [
    {
      "type": "individuals",
      "label": "Individuals (other than high net worth individuals)",
      "count": 152,
      "fewer_than_5": false,
      "raum": 80363767.0
    },
    {
      "type": "high_net_worth_individuals",
      "label": "High net worth individuals",
      "count": 127,
      "fewer_than_5": false,
      "raum": 601491687.0
    },
    {
      "type": "banking_thrift",
      "label": "Banking or thrift institutions",
      "count": 0,
      "fewer_than_5": false,
      "raum": null
    },
    {
      "type": "investment_companies",
      "label": "Investment companies",
      "count": 1,
      "fewer_than_5": false,
      "raum": 342380850.0
    },
    {
      "type": "pooled_investment_vehicles",
      "label": "Pooled investment vehicles (other than investment companies and business development companies)",
      "count": 1,
      "fewer_than_5": false,
      "raum": 25896630.0
    },
    {
      "type": "pension_profit_sharing",
      "label": "Pension and profit sharing plans (but not the plan participants or government pension plans)",
      "count": null,
      "fewer_than_5": true,
      "raum": 196126872.0
    },
    {
      "type": "charitable",
      "label": "Charitable organizations",
      "count": 0,
      "fewer_than_5": false,
      "raum": null
    },
    {
      "type": "state_municipal",
      "label": "State or municipal government entities (including government pension plans)",
      "count": 0,
      "fewer_than_5": false,
      "raum": null
    },
    {
      "type": "other_investment_advisers",
      "label": "Other investment advisers",
      "count": 0,
      "fewer_than_5": false,
      "raum": null
    },
    {
      "type": "insurance_companies",
      "label": "Insurance companies",
      "count": 0,
      "fewer_than_5": false,
      "raum": null
    },
    {
      "type": "sovereign_wealth_foreign_official",
      "label": "Sovereign wealth funds and foreign official institutions",
      "count": 0,
      "fewer_than_5": false,
      "raum": null
    },
    {
      "type": "corporations_other_businesses",
      "label": "Corporations or other businesses not listed above",
      "count": 15,
      "fewer_than_5": false,
      "raum": 181229587.0
    }
  ],
  "disclosure_line": "Reports 7 disclosure items on Form ADV Item 11.",
  "indexable": true,
  "suppressed": false,
  "claimed": false,
  "enhanced": false,
  "provided_by_the_firm": null,
  "source": {
    "name": "Form ADV",
    "as_of": "2026-10-01",
    "iapd_url": "https://adviserinfo.sec.gov/firm/summary/120836",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}