{
  "crd_number": 310098,
  "slug": "natwealth-management-montreal-310098",
  "primary_business_name": "NATWEALTH MANAGEMENT",
  "legal_name": "NATWEALTH MANAGEMENT (USA) INC",
  "dbas": [
    "NATWEALTH"
  ],
  "city": "Montreal",
  "state": null,
  "country": "Canada",
  "cbsa_code": null,
  "metro": null,
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "2020-09-30",
  "years_registered": 6,
  "period": "2026-10-01",
  "filing_date": "2026-09-29",
  "carried_forward": false,
  "raum_total": 115028401.0,
  "raum_discretionary": 113745041.0,
  "raum_non_discretionary": 1283360.0,
  "raum_band": "100m_500m",
  "raum_band_label": "$100 million to $500 million",
  "total_employees": 129,
  "advisory_employees": 109,
  "client_count_bucket": "fewer_than_5_in_some_types",
  "clients_by_type": {
    "other": {
      "raum": 1283360.0,
      "count": null,
      "description": "MANAGED BY A THIRD PARTY - BNY MELLON ADVISORS INC.",
      "fewer_than_5": true
    },
    "charitable": {
      "raum": 0.0,
      "count": null,
      "fewer_than_5": true
    },
    "individuals": {
      "raum": 17736719.0,
      "count": 53
    },
    "banking_thrift": {
      "raum": 0.0,
      "count": null,
      "fewer_than_5": true
    },
    "state_municipal": {
      "raum": 0.0,
      "count": null,
      "fewer_than_5": true
    },
    "insurance_companies": {
      "raum": 0.0,
      "count": null,
      "fewer_than_5": true
    },
    "investment_companies": {
      "raum": 0.0,
      "count": 40
    },
    "pension_profit_sharing": {
      "raum": 0.0,
      "count": null,
      "fewer_than_5": true
    },
    "other_investment_advisers": {
      "raum": 0.0,
      "count": null,
      "fewer_than_5": true
    },
    "high_net_worth_individuals": {
      "raum": 89650481.0,
      "count": 44
    },
    "pooled_investment_vehicles": {
      "raum": 0.0,
      "count": null
    },
    "corporations_other_businesses": {
      "raum": 6357841.0,
      "count": 3
    },
    "business_development_companies": {
      "raum": 0.0,
      "count": null
    },
    "sovereign_wealth_foreign_official": {
      "raum": 0.0,
      "count": null,
      "fewer_than_5": true
    }
  },
  "compensation_types": [
    "other",
    "percentage_of_aum"
  ],
  "advisory_activities": [
    "other",
    "portfolio_management_individuals"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 0,
  "states_registered": [
    "AZ",
    "CA",
    "FL",
    "GA",
    "LA",
    "MI",
    "NJ",
    "NY",
    "PA",
    "TN",
    "TX",
    "WA"
  ],
  "websites": [
    "https://nbfwm.ca/natwealth.html"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/310098",
  "city_as_filed": "MONTREAL",
  "url": "https://advisorcensus.com/firm/natwealth-management-montreal-310098",
  "display_name": "Natwealth Management",
  "summary": "Natwealth Management is an SEC-registered investment advisory firm in Montreal, Canada, registered since 2020, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated September 29, 2026.",
  "citation": "AdvisorCensus. Natwealth Management (CRD 310098): Form ADV filing data as of October 2026.",
  "registration_type_label": "SEC-registered investment adviser",
  "compensation_labels": [
    "A percentage of assets under your management",
    "Other"
  ],
  "advisory_activity_labels": [
    "Portfolio management for individuals and/or small businesses",
    "Other"
  ],
  "quick_answers": [
    {
      "q": "How is Natwealth Management compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Natwealth Management reports these compensation arrangements: a percentage of assets under its management; other. The amounts are in Item 5 of its Form ADV Part 2A brochure."
    },
    {
      "q": "Where is Natwealth Management located?",
      "a": "Natwealth Management's principal office is in Montreal, Canada, according to its Form ADV; the October 2026 filing also lists 11 other offices (Schedule D, Section 1.F)."
    },
    {
      "q": "Is Natwealth Management registered with the SEC or a state?",
      "a": "Natwealth Management is an SEC-registered investment advisory firm, registered since 2020. Status as filed: Approved. CRD 310098."
    },
    {
      "q": "How much does Natwealth Management manage?",
      "a": "Natwealth Management reports $115,028,401 in regulatory assets under management in its Form ADV filing dated September 29, 2026 (99% discretionary)."
    },
    {
      "q": "How have Natwealth Management's assets and staff changed since 2021?",
      "a": "In the Form ADV data for Natwealth Management: 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. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does Natwealth Management serve?",
      "a": "By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (53); high net worth individuals (44); investment companies (40)."
    },
    {
      "q": "Which custodians does Natwealth Management use?",
      "a": "Natwealth Management's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Pershing Advisor Solutions LLC as a custodian holding 10% or more of its separately managed account assets."
    },
    {
      "q": "Does Natwealth Management 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/310098"
    },
    {
      "q": "What changed in Natwealth Management's recent Form ADV filings?",
      "a": "In the October 2026 filing data: 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)."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 0.0,
      "total_employees": 26,
      "filing_date": "2021-08-31"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 16649566.0,
      "total_employees": 35,
      "filing_date": "2022-08-26"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 33001568.0,
      "total_employees": 47,
      "filing_date": "2023-09-12"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 67621913.0,
      "total_employees": 136,
      "filing_date": "2024-08-20"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 93795138.0,
      "total_employees": 174,
      "filing_date": "2025-06-12"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 115028401.0,
      "total_employees": 129,
      "filing_date": "2026-09-29"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-10-01",
      "period_label": "October 2026",
      "notes": [
        "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)."
      ]
    },
    {
      "period": "2026-01-01",
      "period_label": "January 2026",
      "notes": [
        "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."
      ]
    },
    {
      "period": "2025-12-01",
      "period_label": "December 2025",
      "notes": [
        "Employees performing advisory functions went from 121 to 118."
      ]
    },
    {
      "period": "2025-11-01",
      "period_label": "November 2025",
      "notes": [
        "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."
      ]
    }
  ],
  "fees_from_brochure": null,
  "custodians": [
    {
      "name": "Pershing Advisor Solutions LLC",
      "name_as_filed": "PERSHING ADVISOR SOLUTIONS LLC",
      "affiliated": false
    }
  ],
  "custodians_note": "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.",
  "markdown_url": "https://advisorcensus.com/firm/natwealth-management-montreal-310098.md",
  "clients": [
    {
      "type": "individuals",
      "label": "Individuals (other than high net worth individuals)",
      "count": 53,
      "fewer_than_5": false,
      "raum": 17736719.0
    },
    {
      "type": "high_net_worth_individuals",
      "label": "High net worth individuals",
      "count": 44,
      "fewer_than_5": false,
      "raum": 89650481.0
    },
    {
      "type": "banking_thrift",
      "label": "Banking or thrift institutions",
      "count": null,
      "fewer_than_5": true,
      "raum": 0.0
    },
    {
      "type": "investment_companies",
      "label": "Investment companies",
      "count": 40,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "business_development_companies",
      "label": "Business development companies",
      "count": null,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "pooled_investment_vehicles",
      "label": "Pooled investment vehicles (other than investment companies and business development companies)",
      "count": null,
      "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": null,
      "fewer_than_5": true,
      "raum": 0.0
    },
    {
      "type": "charitable",
      "label": "Charitable organizations",
      "count": null,
      "fewer_than_5": true,
      "raum": 0.0
    },
    {
      "type": "state_municipal",
      "label": "State or municipal government entities (including government pension plans)",
      "count": null,
      "fewer_than_5": true,
      "raum": 0.0
    },
    {
      "type": "other_investment_advisers",
      "label": "Other investment advisers",
      "count": null,
      "fewer_than_5": true,
      "raum": 0.0
    },
    {
      "type": "insurance_companies",
      "label": "Insurance companies",
      "count": null,
      "fewer_than_5": true,
      "raum": 0.0
    },
    {
      "type": "sovereign_wealth_foreign_official",
      "label": "Sovereign wealth funds and foreign official institutions",
      "count": null,
      "fewer_than_5": true,
      "raum": 0.0
    },
    {
      "type": "corporations_other_businesses",
      "label": "Corporations or other businesses not listed above",
      "count": 3,
      "fewer_than_5": false,
      "raum": 6357841.0
    },
    {
      "type": "other",
      "label": "Other",
      "count": null,
      "fewer_than_5": true,
      "raum": 1283360.0
    }
  ],
  "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/310098",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}