{ "crd_number": 161512, "slug": "global-alpha-capital-management-ltd-montreal-qc-161512", "primary_business_name": "GLOBAL ALPHA CAPITAL MANAGEMENT LTD.", "legal_name": "GLOBAL ALPHA CAPITAL MANAGEMENT LTD.", "dbas": [], "city": "Montreal, Qc", "state": null, "country": "Canada", "cbsa_code": null, "metro": null, "registration_type": "sec", "registration_status": "Approved", "registration_date": "2012-04-20", "years_registered": 14, "period": "2026-10-01", "filing_date": "2026-06-26", "carried_forward": false, "raum_total": 6342626341.0, "raum_discretionary": 6336219198.0, "raum_non_discretionary": 6407143.0, "raum_band": "over_5b", "raum_band_label": "Over $5 billion", "total_employees": 24, "advisory_employees": 21, "client_count_bucket": "fewer_than_5_in_some_types", "clients_by_type": { "other": { "raum": 72162563.0, "count": 6, "description": "NON-PROFIT & MODEL PORTFOLIOS" }, "charitable": { "raum": 7692122.0, "count": null, "fewer_than_5": true }, "state_municipal": { "raum": 1413959131.0, "count": 8 }, "insurance_companies": { "raum": 405020664.0, "count": 19 }, "pension_profit_sharing": { "raum": 1404163699.0, "count": 34 }, "other_investment_advisers": { "raum": 1337149484.0, "count": 12 }, "pooled_investment_vehicles": { "raum": 1087569399.0, "count": 1 }, "corporations_other_businesses": { "raum": 614909279.0, "count": 57 } }, "compensation_types": [ "percentage_of_aum", "performance_based" ], "advisory_activities": [ "portfolio_management_businesses_institutional", "portfolio_management_individuals", "portfolio_management_pooled_vehicles" ], "wrap_fee_participant": true, "disclosure_yes_count": 1, "states_registered": [], "websites": [ "https://cclgroup.com/globalalpha/en", "https://linkedin.com/company/global-alpha-capital-management-ltd" ], "iapd_url": "https://adviserinfo.sec.gov/firm/summary/161512", "disclosure_items": [ { "item": "11.D(2)", "question": "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?" } ], "city_as_filed": "MONTREAL, QC", "url": "https://advisorcensus.com/firm/global-alpha-capital-management-ltd-montreal-qc-161512", "display_name": "Global Alpha Capital Management Ltd.", "summary": "Global Alpha Capital Management Ltd. is an SEC-registered investment advisory firm in Montreal, Qc, Canada, registered since 2012, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated June 26, 2026.", "citation": "AdvisorCensus. Global Alpha Capital Management Ltd. (CRD 161512): 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 individuals and/or small businesses", "Portfolio management for pooled investment vehicles (other than investment companies)", "Portfolio management for businesses (other than small businesses) or institutional clients" ], "quick_answers": [ { "q": "How is Global Alpha Capital Management Ltd. compensated?", "a": "On its Form ADV (Item 5.E, October 2026), Global Alpha Capital Management Ltd. reports these compensation arrangements: a percentage of assets under its management; performance-based fees." }, { "q": "Where is Global Alpha Capital Management Ltd. located?", "a": "Global Alpha Capital Management Ltd.'s principal office is in Montreal, Qc, Canada, according to its Form ADV; the July 2026 filing also lists 1 other office (Schedule D, Section 1.F)." }, { "q": "Is Global Alpha Capital Management Ltd. registered with the SEC or a state?", "a": "Global Alpha Capital Management Ltd. is an SEC-registered investment advisory firm, registered since 2012. Status as filed: Approved. CRD 161512." }, { "q": "How much does Global Alpha Capital Management Ltd. manage?", "a": "Global Alpha Capital Management Ltd. reports $6,342,626,341 in regulatory assets under management in its Form ADV filing dated June 26, 2026 (100% discretionary)." }, { "q": "How have Global Alpha Capital Management Ltd.'s assets and staff changed since 2021?", "a": "In the Form ADV data for Global Alpha Capital Management Ltd.: Regulatory assets under management: $4,137,601,922 in the October 2021 data and $6,342,626,341 in the October 2026 data, up 53%. Total employees: 15 in October 2021 and 24 in October 2026. Assets under management move with markets as well as with clients coming and going." }, { "q": "What types of clients does Global Alpha Capital Management Ltd. serve?", "a": "By number of clients on Form ADV Item 5.D: corporations or other businesses not listed above (57); pension and profit sharing plans (but not the plan participants or government pension plans) (34); insurance companies (19)." }, { "q": "Which custodians does Global Alpha Capital Management Ltd. use?", "a": "Global Alpha Capital Management Ltd.'s most recent Form ADV filing (Schedule D, Section 5.K(3)) lists BNY Mellon, CIBC Mellon Global Securities Services Company, Desjardins, JP Morgan Chase Bank, Northern Trust Company and RBC IST as custodians holding 10% or more of its separately managed account assets." }, { "q": "Does Global Alpha Capital Management Ltd. report any disciplinary disclosures?", "a": "Reports 1 disclosure item on Form ADV Item 11: yes answers to 11.D(2) (another regulator's finding of a 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/161512" }, { "q": "What changed in Global Alpha Capital Management Ltd.'s recent Form ADV filings?", "a": "In the July 2026 filing data: Updated its list of owners and control persons (Schedule A)." } ], "filing_history": [ { "period": "2021-10-01", "regulatory_assets_under_management": 4137601922.0, "total_employees": 15, "filing_date": "2021-03-31" }, { "period": "2022-10-01", "regulatory_assets_under_management": 5958240465.0, "total_employees": 19, "filing_date": "2022-03-31" }, { "period": "2023-10-01", "regulatory_assets_under_management": 5963677573.0, "total_employees": 20, "filing_date": "2023-03-31" }, { "period": "2024-10-01", "regulatory_assets_under_management": 6542963033.0, "total_employees": 22, "filing_date": "2024-03-28" }, { "period": "2025-10-01", "regulatory_assets_under_management": 6030037376.0, "total_employees": 25, "filing_date": "2025-07-15" }, { "period": "2026-10-01", "regulatory_assets_under_management": 6342626341.0, "total_employees": 24, "filing_date": "2026-06-26" } ], "recent_changes": [ { "period": "2026-07-01", "period_label": "July 2026", "notes": [ "Updated its list of owners and control persons (Schedule A)." ] }, { "period": "2026-04-01", "period_label": "April 2026", "notes": [ "Employees performing advisory functions went from 22 to 21." ] } ], "fees_from_brochure": { "source": "Form ADV Part 2A brochure dated March 31, 2026", "provided_by_the_firm": false, "tiers": [], "flat_rate": null, "stated_range": null, "stated_maximum": null, "account_minimum": null, "account_minimum_may_be_waived": false, "minimum_annual_fee": "None", "planning_fees": [], "figures": [ { "label": "Minimum annual fee", "statements": [ "Minimum annual fee: None" ], "quotes": [ "There is no minimum annual fee charged." ] } ], "values": { "tiers": [], "range_pct": null, "max_pct": null, "account_minimum": null, "minimum_annual_fee": 0.0, "planning": [] }, "quotes": [ "There is no minimum annual fee charged." ], "note": "As stated in the firm's brochure; fees can differ by service and may be negotiable." }, "custodians": [ { "name": "BNY Mellon", "name_as_filed": "BNY MELLON", "affiliated": false }, { "name": "CIBC Mellon Global Securities Services Company", "name_as_filed": "CIBC MELLON GLOBAL SECURITIES SERVICES COMPANY", "affiliated": false }, { "name": "Desjardins", "name_as_filed": "DESJARDINS", "affiliated": false }, { "name": "JP Morgan Chase Bank", "name_as_filed": "JP MORGAN CHASE BANK", "affiliated": false }, { "name": "Northern Trust Company", "name_as_filed": "NORTHERN TRUST COMPANY", "affiliated": false }, { "name": "RBC IST", "name_as_filed": "RBC IST", "affiliated": false } ], "custodians_note": "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.", "markdown_url": "https://advisorcensus.com/firm/global-alpha-capital-management-ltd-montreal-qc-161512.md", "clients": [ { "type": "pooled_investment_vehicles", "label": "Pooled investment vehicles (other than investment companies and business development companies)", "count": 1, "fewer_than_5": false, "raum": 1087569399.0 }, { "type": "pension_profit_sharing", "label": "Pension and profit sharing plans (but not the plan participants or government pension plans)", "count": 34, "fewer_than_5": false, "raum": 1404163699.0 }, { "type": "charitable", "label": "Charitable organizations", "count": null, "fewer_than_5": true, "raum": 7692122.0 }, { "type": "state_municipal", "label": "State or municipal government entities (including government pension plans)", "count": 8, "fewer_than_5": false, "raum": 1413959131.0 }, { "type": "other_investment_advisers", "label": "Other investment advisers", "count": 12, "fewer_than_5": false, "raum": 1337149484.0 }, { "type": "insurance_companies", "label": "Insurance companies", "count": 19, "fewer_than_5": false, "raum": 405020664.0 }, { "type": "corporations_other_businesses", "label": "Corporations or other businesses not listed above", "count": 57, "fewer_than_5": false, "raum": 614909279.0 }, { "type": "other", "label": "Other", "count": 6, "fewer_than_5": false, "raum": 72162563.0 } ], "disclosure_line": "Reports 1 disclosure item on Form ADV Item 11.", "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/161512", "operator": "BH Monitor Services, LLC", "license": "https://creativecommons.org/licenses/by/4.0/", "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data" } }