# Beutel, Goodman & Company Ltd.

> Beutel, Goodman & Company Ltd. is an SEC-registered investment advisory firm in Toronto, Ont., Canada, registered since 2005, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated March 30, 2026.

- CRD: 135829
- Filed as: BEUTEL, GOODMAN & COMPANY LTD.
- Also doing business as: BEUTEL GOODMAN INVESTMENT COUNSEL
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Toronto, Ont., Canada
- Filing period: October 2026
- Form ADV filing dated: March 30, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/135829
- AdvisorCensus page: https://advisorcensus.com/firm/beutel-goodman-and-company-ltd-toronto-ont-135829

## Quick answers

**How is Beutel, Goodman & Company Ltd. compensated?**
On its Form ADV (Item 5.E, October 2026), Beutel, Goodman & Company Ltd. reports these compensation arrangements: a percentage of assets under its management; fixed fees (other than subscription fees). The amounts are in Item 5 of its Form ADV Part 2A brochure.

**Where is Beutel, Goodman & Company Ltd. located?**
Beutel, Goodman & Company Ltd.'s principal office is in Toronto, Ont., Canada, according to its Form ADV.

**Is Beutel, Goodman & Company Ltd. registered with the SEC or a state?**
Beutel, Goodman & Company Ltd. is an SEC-registered investment advisory firm, registered since 2005. Status as filed: Approved. CRD 135829.

**How much does Beutel, Goodman & Company Ltd. manage?**
Beutel, Goodman & Company Ltd. reports $36,109,000,000 in regulatory assets under management in its Form ADV filing dated March 30, 2026 (81% discretionary).

**How have Beutel, Goodman & Company Ltd.'s assets and staff changed since 2021?**
In the Form ADV data for Beutel, Goodman & Company Ltd.: Regulatory assets under management: $32,468,000,000 in the October 2021 data and $36,109,000,000 in the October 2026 data, up 11%. Total employees: 94 in October 2021 and 128 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Beutel, Goodman & Company Ltd. serve?**
By number of clients on Form ADV Item 5.D: high net worth individuals (1,480); pension and profit sharing plans (but not the plan participants or government pension plans) (155); corporations or other businesses not listed above (82).

**Which custodians does Beutel, Goodman & Company Ltd. use?**
Beutel, Goodman & Company Ltd.'s most recent Form ADV filing (Schedule D, Section 5.K(3)) lists CIBC Mellon and RBC Royal Bank as custodians holding 10% or more of its separately managed account assets.

**Does Beutel, Goodman & Company Ltd. 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/135829

**What changed in Beutel, Goodman & Company Ltd.'s recent Form ADV filings?**
In the April 2026 filing data: Employees performing advisory functions went from 36 to 41.

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Fixed fees (other than subscription fees)

### Custodians (Schedule D, Section 5.K(3))
- CIBC Mellon
- RBC Royal Bank

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.

### Regulatory assets under management (Item 5.F)
- Total: $36,109,000,000
- Discretionary: $29,137,000,000
- Non-discretionary: $6,972,000,000

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| High net worth individuals | 1,480 | $3,159,500,000 |
| Investment companies | 1 | $1,255,000,000 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 155 | $11,918,500,000 |
| Charitable organizations | 34 | $1,045,000,000 |
| State or municipal government entities (including government pension plans) | 22 | $3,457,000,000 |
| Other investment advisers | 47 | $5,725,000,000 |
| Insurance companies | 9 | $1,303,000,000 |
| Corporations or other businesses not listed above | 82 | $6,972,000,000 |
| Other | 17 | $1,274,000,000 |

### Advisory services (Item 5.G)
- Portfolio management for individuals and/or small businesses
- Portfolio management for investment companies (and business development companies)
- Portfolio management for pooled investment vehicles (other than investment companies)
- Portfolio management for businesses (other than small businesses) or institutional clients
- Other

### Firm details
- Registered since: 2005 (21 years)
- Employees: 128 total, 41 performing advisory functions
- Wrap fee program participation: Yes
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- [beutelgoodman.com](https://beutelgoodman.com)
- LinkedIn @beutel-goodman

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $32,468,000,000 | 94 | March 31, 2021 |
| October 2022 | $36,453,000,000 | 98 | March 29, 2022 |
| October 2023 | $32,181,000,000 | 110 | March 31, 2023 |
| October 2024 | $35,879,000,000 | 117 | March 27, 2024 |
| October 2025 | $36,295,000,000 | 123 | March 31, 2025 |
| October 2026 | $36,109,000,000 | 128 | March 30, 2026 |

Regulatory assets under management: $32,468,000,000 in the October 2021 data and $36,109,000,000 in the October 2026 data, up 11%.
Total employees: 94 in October 2021 and 128 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Employees performing advisory functions went from 36 to 41.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Beutel, Goodman & Company Ltd. (CRD 135829): Form ADV filing data as of October 2026.