AdvisorCensus / Financial advisors / Formula Growth Limited
Formula Growth Limited is an SEC-registered investment advisory firm in Montreal, Canada, registered since 2017, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated April 10, 2026.
Quick answers
From the filingHow is Formula Growth Limited compensated?
On its Form ADV (Item 5.E, October 2026), Formula Growth Limited reports these compensation arrangements: a percentage of assets under its management; performance-based fees. The amounts are in Item 5 of its Form ADV Part 2A brochure.
Where is Formula Growth Limited located?
Formula Growth Limited's principal office is in Montreal, Canada, according to its Form ADV; the May 2026 filing also lists 1 other office (Schedule D, Section 1.F).
Is Formula Growth Limited registered with the SEC or a state?
Formula Growth Limited is an SEC-registered investment advisory firm, registered since 2017. Status as filed: Approved. CRD 163245.
How much does Formula Growth Limited manage?
Formula Growth Limited reports $343,483,208 in regulatory assets under management in its Form ADV filing dated April 10, 2026 (100% discretionary).
How have Formula Growth Limited's assets and staff changed since 2021?
In the Form ADV data for Formula Growth Limited: Regulatory assets under management: $1,402,976,686 in the October 2021 data and $343,483,208 in the October 2026 data, down 76%. Total employees: 13 in October 2021 and 15 in October 2026. Assets under management move with markets as well as with clients coming and going.
What types of clients does Formula Growth Limited serve?
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (7).
Does Formula Growth Limited 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/163245
What changed in Formula Growth Limited's recent Form ADV filings?
In the May 2026 filing data: Item 11 disclosure answers changed: 0 yes answers, previously 3 (now no: 11.C(2), 11.C(4), 11.C(5)).
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
- 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 2ASee the firm's brochure (dated April 10, 2026) for its fees and any account minimum, on the SEC's IAPD site.
Regulatory assets under management
Item 5.F$343,483,208 as of October 2026, filing dated April 10, 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 pooled investment vehicles (other than investment companies)
Registration and firm details
Items 1, 2, 5- Also doing business as
- FORMULA GROWTH MANAGEMENT CORP
- Registration
- SEC-registered investment adviser. Status as filed: Approved.
- Registered since
- 2017 (9 years)
- Employees
- Total: 15. Performing investment advisory functions: 7.
- Wrap fee program participation
- No.
- Other offices (Schedule D, Section 1.F)
-
1 other office, as of the May 2026 filing
- States registered or notice-filed
- Not reported.
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 | $343,483,208 | 15 | April 10, 2026 |
| October 2025 | $369,236,154 | 15 | March 28, 2025 |
| October 2024 | $416,811,015 | 16 | March 28, 2024 |
| October 2023 | $583,746,920 | 17 | March 30, 2023 |
| October 2022 | $1,108,496,412 | 17 | March 30, 2022 |
| October 2021 | $1,402,976,686 | 13 | March 26, 2021 |
Regulatory assets under management: $1,402,976,686 in the October 2021 data and $343,483,208 in the October 2026 data, down 76%.
Total employees: 13 in October 2021 and 15 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- May 2026
- Item 11 disclosure answers changed: 0 yes answers, previously 3 (now no: 11.C(2), 11.C(4), 11.C(5)).
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. Formula Growth Limited (CRD 163245): Form ADV filing data as of October 2026. https://advisorcensus.com/firm/formula-growth-limited-montreal-163245