# Guardian Capital LP

> Guardian Capital LP is an SEC-registered investment advisory firm in Toronto, Ontario, Canada, registered since 1998, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated September 9, 2026.

- CRD: 105078
- Filed as: GUARDIAN CAPITAL LP
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Toronto, Ontario, Canada
- Filing period: October 2026
- Form ADV filing dated: September 9, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/105078
- AdvisorCensus page: https://advisorcensus.com/firm/guardian-capital-lp-toronto-ontario-105078

## Quick answers

**How is Guardian Capital LP compensated?**
On its Form ADV (Item 5.E, October 2026), Guardian Capital LP 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 Guardian Capital LP located?**
Guardian Capital LP's principal office is in Toronto, Ontario, Canada, according to its Form ADV.

**Is Guardian Capital LP registered with the SEC or a state?**
Guardian Capital LP is an SEC-registered investment advisory firm, registered since 1998. Status as filed: Approved. CRD 105078.

**How much does Guardian Capital LP manage?**
Guardian Capital LP reports $10,679,458,174 in regulatory assets under management in its Form ADV filing dated September 9, 2026 (100% discretionary).

**How have Guardian Capital LP's assets and staff changed since 2021?**
In the Form ADV data for Guardian Capital LP: Regulatory assets under management: $13,268,696,774 in the October 2021 data and $10,679,458,174 in the October 2026 data, down 20%. Total employees: 69 in October 2021 and 90 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Guardian Capital LP serve?**
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (73); pension and profit sharing plans (but not the plan participants or government pension plans) (21); charitable organizations (16).

**Which custodians does Guardian Capital LP use?**
Guardian Capital LP's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists CIBC Mellon Trust Company and RBC Investor & Treasury Services as custodians holding 10% or more of its separately managed account assets.

**Does Guardian Capital LP report any disciplinary disclosures?**
Reports 1 disclosure item on Form ADV Item 11: yes answers to 11.H(2) (pending civil proceeding). 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/105078

**What changed in Guardian Capital LP's recent Form ADV filings?**
In the October 2026 filing data: Updated its list of owners and control persons (Schedule A).

## From the Form ADV filing

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

### Custodians (Schedule D, Section 5.K(3))
- CIBC Mellon Trust Company
- RBC Investor & Treasury Services

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: $10,679,458,174
- Discretionary: $10,679,458,174
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | Fewer than 5 | $0 |
| High net worth individuals | Fewer than 5 | $0 |
| Banking or thrift institutions | Fewer than 5 | $0 |
| Investment companies | 2 | $53,966,957 |
| Business development companies | 0 | $0 |
| Pooled investment vehicles (other than investment companies and business development companies) | 73 | $6,664,157,248 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 21 | $1,090,916,773 |
| Charitable organizations | 16 | $160,044,691 |
| State or municipal government entities (including government pension plans) | 7 | $1,410,296,746 |
| Other investment advisers | 4 | $228,906,119 |
| Insurance companies | 6 | $339,878,783 |
| Sovereign wealth funds and foreign official institutions | 0 | $0 |
| Corporations or other businesses not listed above | 8 | $571,381,563 |
| Other | 6 | $159,909,294 |

### Advisory services (Item 5.G)
- Portfolio management for individuals and/or small businesses
- Portfolio management for investment companies (and business development companies)
- Portfolio management for pooled investment vehicles (other than investment companies)
- Portfolio management for businesses (other than small businesses) or institutional clients
- Selection of other advisers (including private fund managers)

### Firm details
- Registered since: 1998 (27 years)
- Employees: 90 total, 38 performing advisory functions
- Wrap fee program participation: Yes
- Disclosures (Item 11): Reports 1 disclosure item on Form ADV Item 11.

### Item 11 questions answered yes
- 11.H(2): Is the firm or an advisory affiliate now the subject of a civil proceeding that could result in a yes answer to any part of 11.H(1)?

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/105078

### Websites listed on Form ADV (Item 1.I)
- guardiancapital.com
- guardiancapital.com/investmentsolutions
- guardiancapitalfunds.com

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $13,268,696,774 | 69 | March 31, 2021 |
| October 2022 | $15,652,448,560 | 78 | March 31, 2022 |
| October 2023 | $11,646,070,728 | 71 | June 26, 2023 |
| October 2024 | $11,647,004,242 | 75 | June 25, 2024 |
| October 2025 | $10,204,500,782 | 77 | March 31, 2025 |
| October 2026 | $10,679,458,174 | 90 | September 9, 2026 |

Regulatory assets under management: $13,268,696,774 in the October 2021 data and $10,679,458,174 in the October 2026 data, down 20%.
Total employees: 69 in October 2021 and 90 in October 2026.

## Changes in the filing (last 12 months)

### October 2026
- Updated its list of owners and control persons (Schedule A).

### August 2026
- Updated its list of owners and control persons (Schedule A).

### April 2026
- Item 11 disclosure answers changed: 1 yes answer, previously 0 (now yes: 11.H(2)).
- Employees performing advisory functions went from 33 to 38.
- Updated its list of owners and control persons (Schedule A).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Guardian Capital LP (CRD 105078): Form ADV filing data as of October 2026.