# Mackenzie Investments

> Mackenzie Investments is an SEC-registered investment advisory firm in Toronto, Ontario, Canada, registered since 1985, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated March 30, 2026.

- CRD: 110338
- Filed as: MACKENZIE INVESTMENTS
- Legal name: Mackenzie Financial Corporation
- Also doing business as: MACKENZIE INVESTMENTS
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Toronto, Ontario, Canada
- Filing period: October 2026
- Form ADV filing dated: March 30, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/110338
- AdvisorCensus page: https://advisorcensus.com/firm/mackenzie-investments-toronto-ontario-110338

## Quick answers

**How is Mackenzie Investments compensated?**
On its Form ADV (Item 5.E, October 2026), Mackenzie Investments 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 Mackenzie Investments located?**
Mackenzie Investments' principal office is in Toronto, Ontario, Canada, according to its Form ADV; the April 2026 filing also lists 6 other offices (Schedule D, Section 1.F).

**Is Mackenzie Investments registered with the SEC or a state?**
Mackenzie Investments is an SEC-registered investment advisory firm, registered since 1985. Status as filed: Approved. CRD 110338.

**How much does Mackenzie Investments manage?**
Mackenzie Investments reports $194,876,857,641 in regulatory assets under management in its Form ADV filing dated March 30, 2026 (100% discretionary).

**How have Mackenzie Investments' assets and staff changed since 2021?**
In the Form ADV data for Mackenzie Investments: Regulatory assets under management: $141,727,338,126 in the October 2021 data and $194,876,857,641 in the October 2026 data, up 38%. Total employees: 1,125 in October 2021 and 1,362 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Mackenzie Investments serve?**
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (477); pension and profit sharing plans (but not the plan participants or government pension plans) (7).

**Which custodians does Mackenzie Investments use?**
Mackenzie Investments' most recent Form ADV filing (Schedule D, Section 5.K(3)) lists CIBC Mellon and RBC Investors Services as custodians holding 10% or more of its separately managed account assets.

**Does Mackenzie Investments report any disciplinary disclosures?**
Reports 2 disclosure items on Form ADV Item 11: yes answers to 11.D(2) (another regulator's finding of a violation) and 11.D(4) (another regulator's order in the past ten years). 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/110338

**What changed in Mackenzie Investments' recent Form ADV filings?**
In the April 2026 filing data: Employees performing advisory functions went from 105 to 107. Regulatory assets under management went from $162,350,347,836 to $194,876,857,641 (+20%). Changed its office addresses in Montreal.

## 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
- RBC Investors 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: $194,876,857,641
- Discretionary: $194,876,857,641
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Pooled investment vehicles (other than investment companies and business development companies) | 477 | $163,234,644,933 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 7 | $2,426,715,801 |
| Charitable organizations | Fewer than 5 | $5,043,146 |
| State or municipal government entities (including government pension plans) | Fewer than 5 | $2,362,814 |
| Other investment advisers | Fewer than 5 | $0 |
| Insurance companies | Fewer than 5 | $29,113,693,723 |
| Other | Fewer than 5 | $94,397,224 |

### Advisory services (Item 5.G)
- 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
- Selection of other advisers (including private fund managers)

### Firm details
- Registered since: 1985 (41 years)
- Employees: 1,362 total, 107 performing advisory functions
- Wrap fee program participation: No
- Disclosures (Item 11): Reports 2 disclosure items on Form ADV Item 11.

### Item 11 questions answered yes
- 11.D(2): 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?
- 11.D(4): In the past ten years, has another federal regulator, a state regulator, or a foreign financial regulator entered an order against the firm or an advisory affiliate in connection with investment-related activity?

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/110338

### Other offices (Schedule D, Section 1.F), as of the April 2026 filing
- Calgary
- Montreal
- North Vancouver
- Toronto
- Vancouver
- Winnipeg

### Websites listed on Form ADV (Item 1.I)
- mackenzieinvestments.com
- Facebook @MACKENZIEINVEST
- Instagram @MACKENZIEINVEST
- LinkedIn @MACKENZIE-INVESTMENTS
- X @MACKENZIEINVEST
- YouTube @UC7NYXTLDD7RLDUHBGVSGXXG

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $141,727,338,126 | 1,125 | March 31, 2021 |
| October 2022 | $162,381,902,362 | 1,358 | March 30, 2022 |
| October 2023 | $132,464,462,494 | 1,970 | March 30, 2023 |
| October 2024 | $158,220,261,356 | 1,496 | March 28, 2024 |
| October 2025 | $162,350,347,836 | 1,323 | March 28, 2025 |
| October 2026 | $194,876,857,641 | 1,362 | March 30, 2026 |

Regulatory assets under management: $141,727,338,126 in the October 2021 data and $194,876,857,641 in the October 2026 data, up 38%.
Total employees: 1,125 in October 2021 and 1,362 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Employees performing advisory functions went from 105 to 107.
- Regulatory assets under management went from $162,350,347,836 to $194,876,857,641 (+20%).
- Changed its office addresses in Montreal.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Mackenzie Investments (CRD 110338): Form ADV filing data as of October 2026.