# Mawer Investment Management Ltd.

> Mawer Investment Management Ltd. is an SEC-registered investment advisory firm in Calgary, Alberta, Canada, registered since 2012, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated March 30, 2026.

- CRD: 159100
- Filed as: MAWER INVESTMENT MANAGEMENT LTD.
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Calgary, Alberta, Canada
- Filing period: October 2026
- Form ADV filing dated: March 30, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/159100
- AdvisorCensus page: https://advisorcensus.com/firm/mawer-investment-management-ltd-calgary-alberta-159100

## Quick answers

**How is Mawer Investment Management Ltd. compensated?**
On its Form ADV (Item 5.E, October 2026), Mawer Investment Management Ltd. 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 Mawer Investment Management Ltd. located?**
Mawer Investment Management Ltd.'s principal office is in Calgary, Alberta, Canada, according to its Form ADV; the April 2026 filing also lists 2 other offices (Schedule D, Section 1.F).

**Is Mawer Investment Management Ltd. registered with the SEC or a state?**
Mawer Investment Management Ltd. is an SEC-registered investment advisory firm, registered since 2012. Status as filed: Approved. CRD 159100.

**How much does Mawer Investment Management Ltd. manage?**
Mawer Investment Management Ltd. reports $40,940,394,256 in regulatory assets under management in its Form ADV filing dated March 30, 2026 (98% discretionary).

**How have Mawer Investment Management Ltd.'s assets and staff changed since 2021?**
In the Form ADV data for Mawer Investment Management Ltd.: Regulatory assets under management: $53,605,457,874 in the October 2021 data and $40,940,394,256 in the October 2026 data, down 24%. Total employees: 206 in October 2021 and 278 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Mawer Investment Management Ltd. serve?**
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (4,222); corporations or other businesses not listed above (761); high net worth individuals (738).

**Does Mawer Investment Management 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/159100

**What changed in Mawer Investment Management Ltd.'s recent Form ADV filings?**
In the April 2026 filing data: Employees performing advisory functions went from 86 to 87. Regulatory assets under management went from $45,910,863,723 to $40,940,394,256 (-11%). 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

### Regulatory assets under management (Item 5.F)
- Total: $40,940,394,256
- Discretionary: $40,297,322,533
- Non-discretionary: $643,071,723

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 4,222 | $2,453,669,272 |
| High net worth individuals | 738 | $3,107,128,639 |
| Investment companies | 1 | $226,996,023 |
| Pooled investment vehicles (other than investment companies and business development companies) | 83 | $19,957,554,921 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 90 | $4,992,402,384 |
| Charitable organizations | 171 | $2,987,802,366 |
| State or municipal government entities (including government pension plans) | 7 | $1,939,905,364 |
| Other investment advisers | 1 | $306,473,353 |
| Sovereign wealth funds and foreign official institutions | 1 | $694,222,449 |
| Corporations or other businesses not listed above | 761 | $4,274,239,485 |

### Advisory services (Item 5.G)
- Financial planning services
- 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
- Publication of periodicals or newsletters
- Educational seminars/workshops

### Firm details
- Registered since: 2012 (14 years)
- Employees: 278 total, 87 performing advisory functions
- Wrap fee program participation: Yes
- States registered or notice-filed: PR, TX
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Other offices (Schedule D, Section 1.F), as of the April 2026 filing
- Singapore
- Toronto, Ontario

### Websites listed on Form ADV (Item 1.I)
- [mawer.com](https://mawer.com)
- Facebook @Mawerinv
- Instagram @mawerinvestmentmanagement
- LinkedIn @MAWER-INVESTMENT-MANAGEMENT
- YouTube @MawerInvestmentManagementLtdCalgary

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $53,605,457,874 | 206 | March 31, 2021 |
| October 2022 | $66,416,598,035 | 205 | April 28, 2022 |
| October 2023 | $46,113,030,228 | 219 | May 1, 2023 |
| October 2024 | $49,565,578,549 | 240 | March 29, 2024 |
| October 2025 | $45,910,863,723 | 261 | March 31, 2025 |
| October 2026 | $40,940,394,256 | 278 | March 30, 2026 |

Regulatory assets under management: $53,605,457,874 in the October 2021 data and $40,940,394,256 in the October 2026 data, down 24%.
Total employees: 206 in October 2021 and 278 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Employees performing advisory functions went from 86 to 87.
- Regulatory assets under management went from $45,910,863,723 to $40,940,394,256 (-11%).
- Updated its list of owners and control persons (Schedule A).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Mawer Investment Management Ltd. (CRD 159100): Form ADV filing data as of October 2026.