# Natwealth Management

> 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.

- CRD: 310098
- Filed as: NATWEALTH MANAGEMENT
- Legal name: Natwealth Management (USA) Inc
- Also doing business as: NATWEALTH
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Montreal, Canada
- Filing period: October 2026
- Form ADV filing dated: September 29, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/310098
- AdvisorCensus page: https://advisorcensus.com/firm/natwealth-management-montreal-310098

## Quick answers

**How is Natwealth Management compensated?**
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.

**Where is Natwealth Management located?**
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).

**Is Natwealth Management registered with the SEC or a state?**
Natwealth Management is an SEC-registered investment advisory firm, registered since 2020. Status as filed: Approved. CRD 310098.

**How much does Natwealth Management manage?**
Natwealth Management reports $115,028,401 in regulatory assets under management in its Form ADV filing dated September 29, 2026 (99% discretionary).

**How have Natwealth Management's assets and staff changed since 2021?**
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.

**What types of clients does Natwealth Management serve?**
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).

**Which custodians does Natwealth Management use?**
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.

**Does Natwealth Management 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/310098

**What changed in Natwealth Management's recent Form ADV filings?**
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).

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Other

### 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.

### Regulatory assets under management (Item 5.F)
- Total: $115,028,401
- Discretionary: $113,745,041
- Non-discretionary: $1,283,360

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 53 | $17,736,719 |
| High net worth individuals | 44 | $89,650,481 |
| Banking or thrift institutions | Fewer than 5 | $0 |
| Investment companies | 40 | $0 |
| Business development companies | Not reported | $0 |
| Pooled investment vehicles (other than investment companies and business development companies) | Not reported | $0 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | Fewer than 5 | $0 |
| Charitable organizations | Fewer than 5 | $0 |
| State or municipal government entities (including government pension plans) | Fewer than 5 | $0 |
| Other investment advisers | Fewer than 5 | $0 |
| Insurance companies | Fewer than 5 | $0 |
| Sovereign wealth funds and foreign official institutions | Fewer than 5 | $0 |
| Corporations or other businesses not listed above | 3 | $6,357,841 |
| Other | Fewer than 5 | $1,283,360 |

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

### Firm details
- Registered since: 2020 (6 years)
- Employees: 129 total, 109 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: AZ, CA, FL, GA, LA, MI, NJ, NY, PA, TN, TX, WA
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Other offices (Schedule D, Section 1.F), as of the October 2026 filing
- Calgary, Alberta
- Duncan, British-Columbia
- Montreal
- Montreal, Quebec
- Ottawa, Ontario
- Quebec, Quebec
- Richmond Hill, Ontario
- Rimouski, Quebec
- Saint-Georges, Quebec
- Toronto, Ontario
- Windsor, Ontario

### Websites listed on Form ADV (Item 1.I)
- nbfwm.ca/natwealth.html

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $0 | 26 | August 31, 2021 |
| October 2022 | $16,649,566 | 35 | August 26, 2022 |
| October 2023 | $33,001,568 | 47 | September 12, 2023 |
| October 2024 | $67,621,913 | 136 | August 20, 2024 |
| October 2025 | $93,795,138 | 174 | June 12, 2025 |
| October 2026 | $115,028,401 | 129 | September 29, 2026 |

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.

## Changes in the filing (last 12 months)

### 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).

### 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.

### December 2025
- Employees performing advisory functions went from 121 to 118.

### 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.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Natwealth Management (CRD 310098): Form ADV filing data as of October 2026.