# BMO Nesbitt Burns Securities Ltd.

> BMO Nesbitt Burns Securities Ltd. is an SEC-registered investment advisory firm in Toronto, Ontario, Canada, registered since 2016, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated September 8, 2026.

- CRD: 281337
- Filed as: BMO NESBITT BURNS SECURITIES LTD.
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Toronto, Ontario, Canada
- Filing period: October 2026
- Form ADV filing dated: September 8, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/281337
- AdvisorCensus page: https://advisorcensus.com/firm/bmo-nesbitt-burns-securities-ltd-toronto-ontario-281337

## Quick answers

**How is BMO Nesbitt Burns Securities Ltd. compensated?**
On its Form ADV (Item 5.E, October 2026), BMO Nesbitt Burns Securities Ltd. reports these compensation arrangements: a percentage of assets under its management. The amounts are in Item 5 of its Form ADV Part 2A brochure.

**Where is BMO Nesbitt Burns Securities Ltd. located?**
BMO Nesbitt Burns Securities Ltd.'s principal office is in Toronto, Ontario, Canada, according to its Form ADV; the October 2026 filing also lists 29 other offices (Schedule D, Section 1.F).

**Is BMO Nesbitt Burns Securities Ltd. registered with the SEC or a state?**
BMO Nesbitt Burns Securities Ltd. is an SEC-registered investment advisory firm, registered since 2016. Status as filed: Approved. CRD 281337.

**How much does BMO Nesbitt Burns Securities Ltd. manage?**
BMO Nesbitt Burns Securities Ltd. reports $1,197,584,310 in regulatory assets under management in its Form ADV filing dated September 8, 2026 (100% discretionary).

**How have BMO Nesbitt Burns Securities Ltd.'s assets and staff changed since 2021?**
In the Form ADV data for BMO Nesbitt Burns Securities Ltd.: Regulatory assets under management: $434,143,222 in the October 2021 data and $1,197,584,310 in the October 2026 data, up 176%. Total employees: 241 in October 2021 and 303 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does BMO Nesbitt Burns Securities Ltd. serve?**
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (674); high net worth individuals (412).

**Does BMO Nesbitt Burns Securities Ltd. report any disciplinary disclosures?**
Reports 6 disclosure items on Form ADV Item 11: yes answers to 11.C(2) (SEC or CFTC finding of a violation), 11.C(4) (SEC or CFTC order), 11.C(5) (SEC or CFTC civil money penalty or cease-and-desist order), 11.D(2) (another regulator's finding of a violation), 11.D(4) (another regulator's order in the past ten years), and 11.E(2) (self-regulatory organization's finding of a rule violation). 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/281337

**What changed in BMO Nesbitt Burns Securities Ltd.'s recent Form ADV filings?**
In the February 2026 filing data: Employees performing advisory functions went from 199 to 216. Regulatory assets under management went from $932,018,173 to $1,197,584,310 (+28%). Registered or notice-filed in MD, WI.

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management

### Regulatory assets under management (Item 5.F)
- Total: $1,197,584,310
- Discretionary: $1,197,584,310
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 674 | $96,842,195 |
| High net worth individuals | 412 | $1,100,742,115 |
| Banking or thrift institutions | 0 | Not reported |
| Investment companies | 0 | Not reported |
| Business development companies | 0 | Not reported |
| Pooled investment vehicles (other than investment companies and business development companies) | 0 | Not reported |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 0 | Not reported |
| Charitable organizations | 0 | Not reported |
| State or municipal government entities (including government pension plans) | 0 | Not reported |
| Other investment advisers | 0 | Not reported |
| Insurance companies | 0 | Not reported |
| Sovereign wealth funds and foreign official institutions | 0 | Not reported |
| Corporations or other businesses not listed above | 0 | Not reported |
| Other | 0 | Not reported |

### Advisory services (Item 5.G)
- Financial planning services
- Portfolio management for individuals and/or small businesses
- Portfolio management for businesses (other than small businesses) or institutional clients

### Firm details
- Registered since: 2016 (10 years)
- Employees: 303 total, 216 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: AZ, CA, CO, CT, DC, DE, FL, GA, HI, IL, IN, LA, MA, MD, MI, MN, MO, MT, NC, NH, NJ, NM, NV, NY, OH, OR, PA, SC, TN, TX, UT, VA, VT, WA, WI
- Disclosures (Item 11): Reports 6 disclosure items on Form ADV Item 11.

### Item 11 questions answered yes
- 11.C(2): 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?
- 11.C(4): Has the SEC or the CFTC ever entered an order against the firm or an advisory affiliate in connection with investment-related activity?
- 11.C(5): 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?
- 11.D(2): Has another federal regulator, a state regulator, or a foreign financial regulator ever found that the firm or an advisory affiliate was involved in a violation of investment-related regulations or statutes?
- 11.D(4): In the past ten years, has another federal regulator, a state regulator, or a foreign financial regulator entered an order against the firm or an advisory affiliate in connection with investment-related activity?
- 11.E(2): 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?

Each question covers the firm and its advisory affiliates: its current employees other than clerical staff, its officers, partners, and directors, and anyone who controls the firm or is controlled by it. One event can produce yes answers to several questions. SEC-registered advisers and exempt reporting advisers may leave out events more than ten years old, and may answer 11.A(2) and 11.B(2) for pending charges only. The detail of each yes answer is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/281337

### Other offices (Schedule D, Section 1.F), as of the October 2026 filing
- Belleville
- Bridgewater
- Brossard, Quebec
- Burlington, On
- Calgary
- Collingwood
- Cornwall
- Edmonton
- Halifax
- Kamloops
- Laval
- London
- Moncton
- Montreal
- Newmarket
- Oakville
- Ottawa
- Pointe Claire
- Quebec
- Regina
- St. Catharines, On
- Toronto
- Toronto, On
- Vancouver
- Victoria
- Waterloo
- White Rock
- Windsor
- Winnipeg

### Websites listed on Form ADV (Item 1.I)
- uswealth.bmo.com/nesbitt-burns-securities-limited-disclosures

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $434,143,222 | 241 | September 28, 2021 |
| October 2022 | $579,452,972 | 260 | September 7, 2022 |
| October 2023 | $554,223,936 | 269 | September 8, 2023 |
| October 2024 | $660,911,210 | 267 | September 19, 2024 |
| October 2025 | $932,018,173 | 277 | July 2, 2025 |
| October 2026 | $1,197,584,310 | 303 | September 8, 2026 |

Regulatory assets under management: $434,143,222 in the October 2021 data and $1,197,584,310 in the October 2026 data, up 176%.
Total employees: 241 in October 2021 and 303 in October 2026.

## Changes in the filing (last 12 months)

### February 2026
- Employees performing advisory functions went from 199 to 216.
- Regulatory assets under management went from $932,018,173 to $1,197,584,310 (+28%).
- Registered or notice-filed in MD, WI.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. BMO Nesbitt Burns Securities Ltd. (CRD 281337): Form ADV filing data as of October 2026.