# Dubeau Capital USA Inc.

> Dubeau Capital USA Inc. is an SEC-registered investment advisory firm in Quebec City, Quebec, Canada, registered since 2021, reporting $25 million to $100 million in regulatory assets under management in its Form ADV filing dated December 15, 2025.

- CRD: 119222
- Filed as: DUBEAU CAPITAL USA INC.
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Quebec City, Quebec, Canada
- Filing period: October 2026
- Form ADV filing dated: December 15, 2025
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/119222
- AdvisorCensus page: https://advisorcensus.com/firm/dubeau-capital-usa-inc-quebec-city-quebec-119222

## Quick answers

**How is Dubeau Capital USA Inc. compensated?**
On its Form ADV (Item 5.E, October 2026), Dubeau Capital USA Inc. reports these compensation arrangements: a percentage of assets under its management.

**Where is Dubeau Capital USA Inc. located?**
Dubeau Capital USA Inc.'s principal office is in Quebec City, Quebec, Canada, according to its Form ADV.

**Is Dubeau Capital USA Inc. registered with the SEC or a state?**
Dubeau Capital USA Inc. is an SEC-registered investment advisory firm, registered since 2021. Status as filed: Approved. CRD 119222.

**How much does Dubeau Capital USA Inc. manage?**
Dubeau Capital USA Inc. reports $47,887,720 in regulatory assets under management in its Form ADV filing dated December 15, 2025 (100% discretionary).

**How have Dubeau Capital USA Inc.'s assets and staff changed since 2021?**
In the Form ADV data for Dubeau Capital USA Inc.: Regulatory assets under management: $29,110,000 in the October 2021 data and $47,887,720 in the October 2026 data, up 65%. Total employees: 6 in October 2021 and 6 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Dubeau Capital USA Inc. serve?**
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (6); high net worth individuals (5).

**Which custodians does Dubeau Capital USA Inc. use?**
Dubeau Capital USA Inc.'s most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Interactive Brokers LLC as a custodian holding 10% or more of its separately managed account assets.

**Does Dubeau Capital USA Inc. 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/119222

**Does Dubeau Capital USA Inc. state an account minimum?**
Its Form ADV Part 2A brochure dated December 15, 2025 says: "Dubeau Capital requires a minimum $250,000 per household account balance for our investment management service."

**What changed in Dubeau Capital USA Inc.'s recent Form ADV filings?**
In the January 2026 filing data: Regulatory assets under management went from $35,998,400 to $47,887,720 (+33%).

## From the Form ADV filing

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

### Fees and minimums (Form ADV Part 2A brochure dated December 15, 2025)

- Account minimum: $250,000

> Dubeau Capital requires a minimum $250,000 per household account balance for our investment management service.

As stated in the firm's brochure. Fees can differ by service and may be negotiable.

### Custodians (Schedule D, Section 5.K(3))
- Interactive Brokers LLC

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: $47,887,720
- Discretionary: $47,887,720
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 6 | $46,547,190 |
| High net worth individuals | 5 | $1,340,530 |

### Advisory services (Item 5.G)
- Portfolio management for individuals and/or small businesses

### Firm details
- Registered since: 2021 (5 years)
- Employees: 6 total, 4 performing advisory functions
- Wrap fee program participation: No
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $29,110,000 | 6 | July 2, 2021 |
| October 2022 | $28,406,000 | 6 | November 2, 2021 |
| October 2023 | $27,046,000 | 6 | December 13, 2022 |
| October 2024 | $28,326,000 | 6 | November 28, 2023 |
| October 2025 | $35,998,400 | 6 | November 12, 2024 |
| October 2026 | $47,887,720 | 6 | December 15, 2025 |

Regulatory assets under management: $29,110,000 in the October 2021 data and $47,887,720 in the October 2026 data, up 65%.
Total employees: 6 in October 2021 and 6 in October 2026.

## Changes in the filing (last 12 months)

### January 2026
- Regulatory assets under management went from $35,998,400 to $47,887,720 (+33%).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Dubeau Capital USA Inc. (CRD 119222): Form ADV filing data as of October 2026.