AdvisorCensus / Financial advisors / Macnicol & Associates Asset Management US LLC
Macnicol & Associates Asset Management US LLC
Filed as MACNICOL & ASSOCIATES ASSET MANAGEMENT US LLC
Macnicol & Associates Asset Management US LLC is an SEC-registered investment advisory firm in Toronto, Ontario, Canada, registered since 2021, with no regulatory assets under management reported in its Form ADV filing dated March 27, 2026.
Quick answers
From the filingHow is Macnicol & Associates Asset Management US LLC compensated?
On its Form ADV (Item 5.E, October 2026), Macnicol & Associates Asset Management US LLC reports these compensation arrangements: a percentage of assets under its management.
How much does Macnicol & Associates Asset Management US LLC charge?
Its Form ADV Part 2A brochure dated March 27, 2026 states: Up to $2,000,000: 1.5% a year; $2,000,000 to $4,000,000: 1.125% a year; $4,000,000 to $7,000,000: 0.75% a year; $7,000,000 to $10,000,000: 0.5% a year; Above $10,000,000: 0.4% a year. Fees can differ by service and may be negotiable; the brochure is the complete statement.
Where is Macnicol & Associates Asset Management US LLC located?
Macnicol & Associates Asset Management US LLC's principal office is in Toronto, Ontario, Canada, according to its Form ADV; the April 2026 filing also lists 1 other office (Schedule D, Section 1.F).
Is Macnicol & Associates Asset Management US LLC registered with the SEC or a state?
Macnicol & Associates Asset Management US LLC is an SEC-registered investment advisory firm, registered since 2021. Status as filed: Approved. CRD 313998.
How have Macnicol & Associates Asset Management US LLC's assets and staff changed since 2022?
In the Form ADV data for Macnicol & Associates Asset Management US LLC: Total employees: 2 in October 2022 and 1 in October 2026. Assets under management move with markets as well as with clients coming and going.
Does Macnicol & Associates Asset Management US LLC 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/313998
Does Macnicol & Associates Asset Management US LLC state an account minimum?
Its Form ADV Part 2A brochure dated March 27, 2026 says: "Generally, we require a minimum of $ 1,000,000 to establish an advisory relationship. At our sole discretion, we may waive this requirement."
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
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 2A| Assets | Annual rate |
|---|---|
| Up to $2,000,000 | 1.5% |
| $2,000,000 to $4,000,000 | 1.125% |
| $4,000,000 to $7,000,000 | 0.75% |
| $7,000,000 to $10,000,000 | 0.5% |
| Above $10,000,000 | 0.4% |
The brochure's wording
For portfolio management services, MacNicol & Associates charges an annual fee based on a percentage of assets under management. Fees are based on the following fee schedule:
First $2 million 1.50%
Next $2 million 1.125%
Next $3 million 0.75%
Next $3 million 0.50%
Over $10 million 0.40%
Account minimum: $1,000,000 (the brochure says it may be waived or negotiated)
The brochure's wording
Generally, we require a minimum of $ 1,000,000 to establish an advisory relationship. At our sole discretion, we may waive this requirement.
As stated in the firm's Form ADV Part 2A brochure dated March 27, 2026. Fees can differ by service and may be negotiable; the brochure is the complete statement. Read the brochure on the SEC's IAPD site
Regulatory assets under management
Item 5.FNot reported.
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 individuals and/or small businesses
- Portfolio management for businesses (other than small businesses) or institutional clients
Registration and firm details
Items 1, 2, 5- Registration
- SEC-registered investment adviser. Status as filed: Approved.
- Registered since
- 2021 (4 years)
- Employees
- Total: 1. Performing investment advisory functions: 1.
- Wrap fee program participation
- No.
- Other offices (Schedule D, Section 1.F)
-
1 other office, as of the April 2026 filing
- States registered or notice-filed
-
1 state or jurisdiction
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 | Not reported | 1 | March 27, 2026 |
| October 2025 | Not reported | 1 | February 10, 2025 |
| October 2024 | Not reported | 1 | April 24, 2024 |
| October 2023 | Not reported | 1 | June 8, 2023 |
| October 2022 | $0 | 2 | March 9, 2022 |
Total employees: 2 in October 2022 and 1 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 monthsNo changes to these filed facts in the last 12 months of filing data.
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. Macnicol & Associates Asset Management US LLC (CRD 313998): Form ADV filing data as of October 2026. https://advisorcensus.com/firm/macnicol-and-associates-asset-management-us-llc-toronto-ontario-313998