AdvisorCensus / Financial advisors / Addenda Capital
Addenda Capital is an SEC-registered investment advisory firm in Montreal, Quebec, Canada, registered since 2005, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated March 30, 2026.
Quick answers
From the filingHow is Addenda Capital compensated?
On its Form ADV (Item 5.E, October 2026), Addenda Capital reports these compensation arrangements: a percentage of assets under its management; fixed fees (other than subscription fees); performance-based fees. The amounts are in Item 5 of its Form ADV Part 2A brochure.
Where is Addenda Capital located?
Addenda Capital's principal office is in Montreal, Quebec, Canada, according to its Form ADV; the April 2026 filing also lists 3 other offices (Schedule D, Section 1.F).
Is Addenda Capital registered with the SEC or a state?
Addenda Capital is an SEC-registered investment advisory firm, registered since 2005. Status as filed: Approved. CRD 137034.
How much does Addenda Capital manage?
Addenda Capital reports $29,022,731,837 in regulatory assets under management in its Form ADV filing dated March 30, 2026 (100% discretionary).
How have Addenda Capital's assets and staff changed since 2021?
In the Form ADV data for Addenda Capital: Regulatory assets under management: $27,925,018,909 in the October 2021 data and $29,022,731,837 in the October 2026 data, up 4%. Total employees: 143 in October 2021 and 163 in October 2026. Assets under management move with markets as well as with clients coming and going.
What types of clients does Addenda Capital serve?
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (220); high net worth individuals (30); insurance companies (25).
Which custodians does Addenda Capital use?
Addenda Capital's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists CIBC Mellon Trust Company and RBC Investor Services (Rbcis) as custodians holding 10% or more of its separately managed account assets.
Does Addenda Capital report any disciplinary disclosures?
Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/137034
What changed in Addenda Capital's recent Form ADV filings?
In the April 2026 filing data: Regulatory assets under management went from $26,172,191,035 to $29,022,731,837 (+11%). Employees performing advisory functions went from 65 to 60. Updated its list of owners and control persons (Schedule A).
From the Form ADV filing
Every figure below is as the firm filed it with regulators, as of October 2026.
How the firm is compensated
Item 5.E- A percentage of assets under your management
- Fixed fees (other than subscription fees)
- Performance-based fees
Item 5.E lists how the firm is compensated for its advice; Items 5.B, 6.A, and 7.A show whether its people or related companies can also earn commissions. Percentage of assets, fixed, hourly, subscription, and performance-based fees come from clients (a performance-based fee depends on investment results); commissions come with a sale or a trade, often from the company behind the product. How fees, commissions, and other arrangements differ
Fees and minimums
Form ADV Part 2AThe brochure lists different fees for different services or strategies. See the firm's brochure (dated March 30, 2026) for its fees and any account minimum, on the SEC's IAPD site.
Regulatory assets under management
Item 5.F$29,022,731,837 as of October 2026, filing dated March 30, 2026.
A measure of scale, not skill or returns. Discretionary means the firm decides trades; non-discretionary means clients approve each one. What assets under management means
Who the firm serves
Item 5.DA firm with no individual clients is an institutional manager even if it manages billions; the mix tells you whom the practice is built around.
Advisory services
Item 5.G- Portfolio management for individuals and/or small businesses
- Portfolio management for pooled investment vehicles (other than investment companies)
- Portfolio management for businesses (other than small businesses) or institutional clients
- Publication of periodicals or newsletters
- Educational seminars/workshops
Registration and firm details
Items 1, 2, 5- Legal name
- Addenda Capital Inc.
- Registration
- SEC-registered investment adviser. Status as filed: Approved.
- Registered since
- 2005 (20 years)
- Employees
- Total: 163. Performing investment advisory functions: 60.
- Wrap fee program participation
- No.
- Custodians (Schedule D, Section 5.K(3))
-
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.
- Other offices (Schedule D, Section 1.F)
-
3 other offices, as of the April 2026 filing
- States registered or notice-filed
-
9 states or jurisdictions
SEC-registered investment advisers are examined by the SEC. SEC, state, and exempt registration
Disclosures
Item 11None Reports no disclosure items on Form ADV Item 11. View on IAPD.
Item 11 asks about criminal, regulatory, and civil events involving the firm and its advisory personnel. The detail of each yes answer is on the IAPD record. Reading a firm's disclosures
Assets and staff over time
Items 5.A, 5.F| Data period | Assets under management | Employees | Filing dated |
|---|---|---|---|
| October 2026 | $29,022,731,837 | 163 | March 30, 2026 |
| October 2025 | $26,172,191,035 | 184 | March 28, 2025 |
| October 2024 | $25,243,269,090 | 179 | September 23, 2024 |
| October 2023 | $24,221,422,601 | 164 | March 30, 2023 |
| October 2022 | $29,066,849,567 | 147 | March 30, 2022 |
| October 2021 | $27,925,018,909 | 143 | March 30, 2021 |
Regulatory assets under management: $27,925,018,909 in the October 2021 data and $29,022,731,837 in the October 2026 data, up 4%.
Total employees: 143 in October 2021 and 163 in October 2026.
As filed in each year's data for the same month. Assets under management move with markets as well as with clients coming and going; they measure scale, not skill or returns. Most firms update these figures once a year.
Changes in the filing
Last 12 months- April 2026
- Regulatory assets under management went from $26,172,191,035 to $29,022,731,837 (+11%).
- Employees performing advisory functions went from 65 to 60.
- Updated its list of owners and control persons (Schedule A).
Compared month to month from the SEC's monthly adviser data and the state compilation feed. Owners and control persons are summarized, never named.
Websites listed on Form ADV
Item 1.ISource: Form ADV, as of October 2026. Values appear as filed; a value the firm did not report is shown as "Not reported."
Cite this page
AdvisorCensus. Addenda Capital (CRD 137034): Form ADV filing data as of October 2026. https://advisorcensus.com/firm/addenda-capital-montreal-quebec-137034