Natwealth Management

• A percentage of assets under your management
• Other

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

The brochure lists different fees for different services or strategies. See the firm's brochure (dated December 9, 2025) for its fees and any account minimum, on the SEC's IAPD site.

$115,028,401 as of October 2026, filing dated September 29, 2026.

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

A firm with no individual clients is an institutional manager even if it manages billions; the mix tells you whom the practice is built around.

• Portfolio management for individuals and/or small businesses
• Other

Legal name

Natwealth Management (USA) Inc

Also doing business as

NATWEALTH

Registration

SEC-registered investment adviser. Status as filed: Approved.

Registered since

2020 (6 years)

Employees

Total: 129. Performing investment advisory functions: 109.

Wrap fee program participation

No.

Custodians (Schedule D, Section 5.K(3))

Pershing Advisor Solutions 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.

Other offices (Schedule D, Section 1.F)

11 other offices, as of the October 2026 filing

Calgary, AlbertaDuncan, British-ColumbiaMontrealMontreal, QuebecOttawa, OntarioQuebec, QuebecRichmond Hill, OntarioRimouski, QuebecSaint-Georges, QuebecToronto, OntarioWindsor, Ontario

States registered or notice-filed

12 states or jurisdictions

AZCAFLGALAMINJNYPATNTXWA

SEC-registered investment advisers are examined by the SEC. SEC, state, and exempt registration

None 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

Regulatory assets under management: $0 in the October 2021 data and $115,028,401 in the October 2026 data.

Total employees: 26 in October 2021 and 129 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.

1. October 2026
   • Added an office in Windsor, Ontario.
   • No longer lists an office in Brossard, Quebec.
   • No longer lists an office in Kelowna, British-Columbia.
   • No longer lists an office in Oakville, Ontario.
   • No longer lists an office in Vancouver, British Columbia.
   • No longer lists an office in Waterloo, Ontario.
   • Registered or notice-filed in MI, NJ, PA, TN.
   • Updated its list of owners and control persons (Schedule A).
2. January 2026
   • Added the business name Natwealth.
   • Employees performing advisory functions went from 118 to 109.
   • Regulatory assets under management went from $93,795,138 to $115,028,401 (+23%).
   • Changed its office addresses in Montreal.
   • No longer lists an office in Granby, Quebec.
   • No longer lists an office in London, Ontario.
   • No longer registered or notice-filed in IL.
3. December 2025
   • Employees performing advisory functions went from 121 to 118.
4. November 2025
   • Changed its office addresses in Quebec, Quebec.
   • Added an office in Montreal.
   • No longer lists an office in Chicoutimi, Quebec.
   • No longer lists an office in Joliette, Quebec.

Compared month to month from the SEC's monthly adviser data and the state compilation feed. Owners and control persons are summarized, never named.