{
  "crd_number": 313998,
  "slug": "macnicol-and-associates-asset-management-us-llc-toronto-ontario-313998",
  "primary_business_name": "MACNICOL & ASSOCIATES ASSET MANAGEMENT US LLC",
  "legal_name": "MACNICOL & ASSOCIATES ASSET MANAGEMENT US LLC",
  "dbas": [],
  "city": "Toronto, Ontario",
  "state": null,
  "country": "Canada",
  "cbsa_code": null,
  "metro": null,
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "2021-10-04",
  "years_registered": 4,
  "period": "2026-10-01",
  "filing_date": "2026-03-27",
  "carried_forward": false,
  "raum_total": null,
  "raum_discretionary": null,
  "raum_non_discretionary": null,
  "raum_band": "not_reported",
  "raum_band_label": "Not reported",
  "total_employees": 1,
  "advisory_employees": 1,
  "client_count_bucket": null,
  "clients_by_type": {
    "other": {
      "raum": 0.0,
      "count": 0
    },
    "charitable": {
      "raum": 0.0,
      "count": 0
    },
    "individuals": {
      "raum": 0.0,
      "count": 0
    },
    "banking_thrift": {
      "raum": 0.0,
      "count": 0
    },
    "state_municipal": {
      "raum": 0.0,
      "count": 0
    },
    "insurance_companies": {
      "raum": 0.0,
      "count": 0
    },
    "investment_companies": {
      "raum": 0.0,
      "count": 0
    },
    "pension_profit_sharing": {
      "raum": 0.0,
      "count": 0
    },
    "other_investment_advisers": {
      "raum": 0.0,
      "count": 0
    },
    "high_net_worth_individuals": {
      "raum": 0.0,
      "count": 0
    },
    "pooled_investment_vehicles": {
      "raum": 0.0,
      "count": 0
    },
    "corporations_other_businesses": {
      "raum": 0.0,
      "count": 0
    },
    "business_development_companies": {
      "raum": 0.0,
      "count": 0
    },
    "sovereign_wealth_foreign_official": {
      "raum": 0.0,
      "count": 0
    }
  },
  "compensation_types": [
    "percentage_of_aum"
  ],
  "advisory_activities": [
    "portfolio_management_businesses_institutional",
    "portfolio_management_individuals"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 0,
  "states_registered": [
    "FL"
  ],
  "websites": [
    "https://instagram.com/macnicolasset",
    "https://linkedin.com/company/macnicol-&-associates-asset-management",
    "https://macnicol.com",
    "https://macnicolasset.com",
    "https://x.com/MacNicol_Asset"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/313998",
  "city_as_filed": "TORONTO, ONTARIO",
  "url": "https://advisorcensus.com/firm/macnicol-and-associates-asset-management-us-llc-toronto-ontario-313998",
  "display_name": "Macnicol & Associates Asset Management US LLC",
  "summary": "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.",
  "citation": "AdvisorCensus. Macnicol & Associates Asset Management US LLC (CRD 313998): Form ADV filing data as of October 2026.",
  "registration_type_label": "SEC-registered investment adviser",
  "compensation_labels": [
    "A percentage of assets under your management"
  ],
  "advisory_activity_labels": [
    "Portfolio management for individuals and/or small businesses",
    "Portfolio management for businesses (other than small businesses) or institutional clients"
  ],
  "quick_answers": [
    {
      "q": "How is Macnicol & Associates Asset Management US LLC compensated?",
      "a": "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."
    },
    {
      "q": "How much does Macnicol & Associates Asset Management US LLC charge?",
      "a": "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."
    },
    {
      "q": "Where is Macnicol & Associates Asset Management US LLC located?",
      "a": "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)."
    },
    {
      "q": "Is Macnicol & Associates Asset Management US LLC registered with the SEC or a state?",
      "a": "Macnicol & Associates Asset Management US LLC is an SEC-registered investment advisory firm, registered since 2021. Status as filed: Approved. CRD 313998."
    },
    {
      "q": "How have Macnicol & Associates Asset Management US LLC's assets and staff changed since 2022?",
      "a": "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."
    },
    {
      "q": "Does Macnicol & Associates Asset Management US LLC 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/313998"
    },
    {
      "q": "Does Macnicol & Associates Asset Management US LLC state an account minimum?",
      "a": "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.\""
    }
  ],
  "filing_history": [
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 0.0,
      "total_employees": 2,
      "filing_date": "2022-03-09"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": null,
      "total_employees": 1,
      "filing_date": "2023-06-08"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": null,
      "total_employees": 1,
      "filing_date": "2024-04-24"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": null,
      "total_employees": 1,
      "filing_date": "2025-02-10"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": null,
      "total_employees": 1,
      "filing_date": "2026-03-27"
    }
  ],
  "recent_changes": [],
  "fees_from_brochure": {
    "source": "Form ADV Part 2A brochure dated March 27, 2026",
    "provided_by_the_firm": false,
    "tiers": [
      {
        "band": "Up to $2,000,000",
        "rate": "1.5%"
      },
      {
        "band": "$2,000,000 to $4,000,000",
        "rate": "1.125%"
      },
      {
        "band": "$4,000,000 to $7,000,000",
        "rate": "0.75%"
      },
      {
        "band": "$7,000,000 to $10,000,000",
        "rate": "0.5%"
      },
      {
        "band": "Above $10,000,000",
        "rate": "0.4%"
      }
    ],
    "flat_rate": null,
    "stated_range": null,
    "stated_maximum": null,
    "account_minimum": "$1,000,000",
    "account_minimum_may_be_waived": true,
    "minimum_annual_fee": null,
    "planning_fees": [],
    "figures": [
      {
        "label": "Fee schedule",
        "statements": [
          "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"
        ],
        "quotes": [
          "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%"
        ]
      },
      {
        "label": "Account minimum",
        "statements": [
          "Account minimum: $1,000,000 (the brochure says it may be waived or negotiated)"
        ],
        "quotes": [
          "Generally, we require a minimum of $ 1,000,000 to establish an advisory relationship. At our sole discretion, we may waive this requirement."
        ]
      }
    ],
    "values": {
      "tiers": [
        {
          "min": 0.0,
          "max": 2000000.0,
          "rate_pct": 1.5
        },
        {
          "min": 2000000.0,
          "max": 4000000.0,
          "rate_pct": 1.125
        },
        {
          "min": 4000000.0,
          "max": 7000000.0,
          "rate_pct": 0.75
        },
        {
          "min": 7000000.0,
          "max": 10000000.0,
          "rate_pct": 0.5
        },
        {
          "min": 10000000.0,
          "max": null,
          "rate_pct": 0.4
        }
      ],
      "range_pct": null,
      "max_pct": null,
      "account_minimum": 1000000.0,
      "minimum_annual_fee": null,
      "planning": []
    },
    "quotes": [
      "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%",
      "Generally, we require a minimum of $ 1,000,000 to establish an advisory relationship. At our sole discretion, we may waive this requirement."
    ],
    "note": "As stated in the firm's brochure; fees can differ by service and may be negotiable."
  },
  "custodians": [],
  "custodians_note": null,
  "markdown_url": "https://advisorcensus.com/firm/macnicol-and-associates-asset-management-us-llc-toronto-ontario-313998.md",
  "clients": [
    {
      "type": "individuals",
      "label": "Individuals (other than high net worth individuals)",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "high_net_worth_individuals",
      "label": "High net worth individuals",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "banking_thrift",
      "label": "Banking or thrift institutions",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "investment_companies",
      "label": "Investment companies",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "business_development_companies",
      "label": "Business development companies",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "pooled_investment_vehicles",
      "label": "Pooled investment vehicles (other than investment companies and business development companies)",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "pension_profit_sharing",
      "label": "Pension and profit sharing plans (but not the plan participants or government pension plans)",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "charitable",
      "label": "Charitable organizations",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "state_municipal",
      "label": "State or municipal government entities (including government pension plans)",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "other_investment_advisers",
      "label": "Other investment advisers",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "insurance_companies",
      "label": "Insurance companies",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "sovereign_wealth_foreign_official",
      "label": "Sovereign wealth funds and foreign official institutions",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "corporations_other_businesses",
      "label": "Corporations or other businesses not listed above",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "other",
      "label": "Other",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    }
  ],
  "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/313998",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}