{ "crd_number": 163245, "slug": "formula-growth-limited-montreal-163245", "primary_business_name": "FORMULA GROWTH LIMITED", "legal_name": "FORMULA GROWTH LIMITED", "dbas": [ "FORMULA GROWTH MANAGEMENT CORP" ], "city": "Montreal", "state": null, "country": "Canada", "cbsa_code": null, "metro": null, "registration_type": "sec", "registration_status": "Approved", "registration_date": "2017-04-21", "years_registered": 9, "period": "2026-10-01", "filing_date": "2026-04-10", "carried_forward": false, "raum_total": 343483208.0, "raum_discretionary": 343483208.0, "raum_non_discretionary": 0.0, "raum_band": "100m_500m", "raum_band_label": "$100 million to $500 million", "total_employees": 15, "advisory_employees": 7, "client_count_bucket": null, "clients_by_type": { "pooled_investment_vehicles": { "raum": 343483208.0, "count": 7 } }, "compensation_types": [ "percentage_of_aum", "performance_based" ], "advisory_activities": [ "portfolio_management_pooled_vehicles" ], "wrap_fee_participant": false, "disclosure_yes_count": 0, "states_registered": [], "websites": [ "https://ca.linkedin.com/company/formula-growth-ltd", "https://formulagrowth.ca", "https://formulagrowth.com" ], "iapd_url": "https://adviserinfo.sec.gov/firm/summary/163245", "city_as_filed": "MONTREAL", "url": "https://advisorcensus.com/firm/formula-growth-limited-montreal-163245", "display_name": "Formula Growth Limited", "summary": "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.", "citation": "AdvisorCensus. Formula Growth Limited (CRD 163245): Form ADV filing data as of October 2026.", "registration_type_label": "SEC-registered investment adviser", "compensation_labels": [ "A percentage of assets under your management", "Performance-based fees" ], "advisory_activity_labels": [ "Portfolio management for pooled investment vehicles (other than investment companies)" ], "quick_answers": [ { "q": "How is Formula Growth Limited compensated?", "a": "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." }, { "q": "Where is Formula Growth Limited located?", "a": "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)." }, { "q": "Is Formula Growth Limited registered with the SEC or a state?", "a": "Formula Growth Limited is an SEC-registered investment advisory firm, registered since 2017. Status as filed: Approved. CRD 163245." }, { "q": "How much does Formula Growth Limited manage?", "a": "Formula Growth Limited reports $343,483,208 in regulatory assets under management in its Form ADV filing dated April 10, 2026 (100% discretionary)." }, { "q": "How have Formula Growth Limited's assets and staff changed since 2021?", "a": "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." }, { "q": "What types of clients does Formula Growth Limited serve?", "a": "By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (7)." }, { "q": "Does Formula Growth Limited report any disciplinary disclosures?", "a": "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" }, { "q": "What changed in Formula Growth Limited's recent Form ADV filings?", "a": "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))." } ], "filing_history": [ { "period": "2021-10-01", "regulatory_assets_under_management": 1402976686.0, "total_employees": 13, "filing_date": "2021-03-26" }, { "period": "2022-10-01", "regulatory_assets_under_management": 1108496412.0, "total_employees": 17, "filing_date": "2022-03-30" }, { "period": "2023-10-01", "regulatory_assets_under_management": 583746920.0, "total_employees": 17, "filing_date": "2023-03-30" }, { "period": "2024-10-01", "regulatory_assets_under_management": 416811015.0, "total_employees": 16, "filing_date": "2024-03-28" }, { "period": "2025-10-01", "regulatory_assets_under_management": 369236154.0, "total_employees": 15, "filing_date": "2025-03-28" }, { "period": "2026-10-01", "regulatory_assets_under_management": 343483208.0, "total_employees": 15, "filing_date": "2026-04-10" } ], "recent_changes": [ { "period": "2026-05-01", "period_label": "May 2026", "notes": [ "Item 11 disclosure answers changed: 0 yes answers, previously 3 (now no: 11.C(2), 11.C(4), 11.C(5))." ] } ], "fees_from_brochure": null, "custodians": [], "custodians_note": null, "markdown_url": "https://advisorcensus.com/firm/formula-growth-limited-montreal-163245.md", "clients": [ { "type": "pooled_investment_vehicles", "label": "Pooled investment vehicles (other than investment companies and business development companies)", "count": 7, "fewer_than_5": false, "raum": 343483208.0 } ], "disclosure_line": "Reports no disclosure items on Form ADV Item 11.", "disclosure_items": [], "indexable": true, "suppressed": false, "claimed": false, "enhanced": false, "provided_by_the_firm": null, "source": { "name": "Form ADV", "as_of": "2026-10-01", "iapd_url": "https://adviserinfo.sec.gov/firm/summary/163245", "operator": "BH Monitor Services, LLC", "license": "https://creativecommons.org/licenses/by/4.0/", "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data" } }