# Marnoa Private Wealth Counsel Ltd.

> Marnoa Private Wealth Counsel Ltd. is an SEC-registered investment advisory firm in Waterloo,ontario, Canada, registered since 2024, reporting under $25 million in regulatory assets under management in its Form ADV filing dated March 17, 2026.

- CRD: 332639
- Filed as: MARNOA PRIVATE WEALTH COUNSEL LTD.
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Waterloo,ontario, Canada
- Filing period: October 2026
- Form ADV filing dated: March 17, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/332639
- AdvisorCensus page: https://advisorcensus.com/firm/marnoa-private-wealth-counsel-ltd-waterloo-ontario-332639

## Quick answers

**How is Marnoa Private Wealth Counsel Ltd. compensated?**
On its Form ADV (Item 5.E, October 2026), Marnoa Private Wealth Counsel Ltd. reports these compensation arrangements: a percentage of assets under its management.

**How much does Marnoa Private Wealth Counsel Ltd. charge?**
Its Form ADV Part 2A brochure dated March 17, 2026 states: Up to $500,000: 1.5% a year; $500,001 to $3,000,000: 0.85% a year; Above $3,000,001: 0.75% a year. Fees can differ by service and may be negotiable; the brochure is the complete statement.

**Where is Marnoa Private Wealth Counsel Ltd. located?**
Marnoa Private Wealth Counsel Ltd.'s principal office is in Waterloo,ontario, Canada, according to its Form ADV.

**Is Marnoa Private Wealth Counsel Ltd. registered with the SEC or a state?**
Marnoa Private Wealth Counsel Ltd. is an SEC-registered investment advisory firm, registered since 2024. Status as filed: Approved. CRD 332639.

**How much does Marnoa Private Wealth Counsel Ltd. manage?**
Marnoa Private Wealth Counsel Ltd. reports $19,273,422 in regulatory assets under management in its Form ADV filing dated March 17, 2026 (100% discretionary).

**How have Marnoa Private Wealth Counsel Ltd.'s assets and staff changed since 2025?**
In the Form ADV data for Marnoa Private Wealth Counsel Ltd.: Regulatory assets under management: $1,400,000 in the October 2025 data and $19,273,422 in the October 2026 data, up 1277%. Total employees: 4 in October 2025 and 3 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Marnoa Private Wealth Counsel Ltd. serve?**
By number of clients on Form ADV Item 5.D: high net worth individuals (51); individuals (other than high net worth individuals) (8).

**Which custodians does Marnoa Private Wealth Counsel Ltd. use?**
Marnoa Private Wealth Counsel Ltd.'s most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Pershing LLC as a custodian holding 10% or more of its separately managed account assets.

**Does Marnoa Private Wealth Counsel Ltd. 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/332639

**Does Marnoa Private Wealth Counsel Ltd. state an account minimum?**
Its Form ADV Part 2A brochure dated March 17, 2026 says: "Our Firm typically requires a minimum account size of $100,000 for advisory accounts. However, sometimes, at our sole discretion, we may accept smaller accounts based on various criteria, such as anticipated future assets, related accounts, and other individual Client circumstances."

**What changed in Marnoa Private Wealth Counsel Ltd.'s recent Form ADV filings?**
In the February 2026 filing data: Regulatory assets under management went from $1,400,000 to $19,273,422 (+1277%). 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

### Fees and minimums (Form ADV Part 2A brochure dated March 17, 2026)

- Up to $500,000: 1.5% a year
- $500,001 to $3,000,000: 0.85% a year
- Above $3,000,001: 0.75% a year

> Our Firm offers investment management services for an annual fee based on the amount of assets under management as follows. Assets Under Management Annual Fee $0 - $500,000 1.50% $500,001 - $3,000,000 0.85% Over $3,000,000 0.75%

- Account minimum: $100,000 (the brochure says it may be waived or negotiated)

> Our Firm typically requires a minimum account size of $100,000 for advisory accounts. However, sometimes, at our sole discretion, we may accept smaller accounts based on various criteria, such as anticipated future assets, related accounts, and other individual Client circumstances.

As stated in the firm's brochure. Fees can differ by service and may be negotiable.

### Custodians (Schedule D, Section 5.K(3))
- Pershing LLC

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: $19,273,422
- Discretionary: $19,273,422
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 8 | $1,773,422 |
| High net worth individuals | 51 | $17,500,000 |

### Advisory services (Item 5.G)
- Portfolio management for individuals and/or small businesses

### Firm details
- Registered since: 2024 (1 year)
- Employees: 3 total, 3 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: TX
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- [marnoa.ca](https://marnoa.ca)
- LinkedIn @marnoa

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2025 | $1,400,000 | 4 | March 31, 2025 |
| October 2026 | $19,273,422 | 3 | March 17, 2026 |

Regulatory assets under management: $1,400,000 in the October 2025 data and $19,273,422 in the October 2026 data, up 1277%.
Total employees: 4 in October 2025 and 3 in October 2026.

## Changes in the filing (last 12 months)

### February 2026
- Regulatory assets under management went from $1,400,000 to $19,273,422 (+1277%).
- Updated its list of owners and control persons (Schedule A).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Marnoa Private Wealth Counsel Ltd. (CRD 332639): Form ADV filing data as of October 2026.