# North Square Investments, LLC

> North Square Investments, LLC is an SEC-registered investment advisory firm in Chicago, IL, registered since 2019, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated May 21, 2026.

- CRD: 294355
- Filed as: NORTH SQUARE INVESTMENTS, LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Chicago, IL
- Filing period: October 2026
- Form ADV filing dated: May 21, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/294355
- AdvisorCensus page: https://advisorcensus.com/firm/north-square-investments-llc-chicago-il-294355

## Quick answers

**How is North Square Investments, LLC compensated?**
On its Form ADV (Item 5.E, October 2026), North Square Investments, LLC reports these compensation arrangements: a percentage of assets under its management.

**Where is North Square Investments, LLC located?**
North Square Investments, LLC's principal office is in Chicago, IL, according to its Form ADV.

**Is North Square Investments, LLC registered with the SEC or a state?**
North Square Investments, LLC is an SEC-registered investment advisory firm, registered since 2019. Status as filed: Approved. CRD 294355.

**How much does North Square Investments, LLC manage?**
North Square Investments, LLC reports $3,154,462,709 in regulatory assets under management in its Form ADV filing dated May 21, 2026 (100% discretionary).

**How have North Square Investments, LLC's assets and staff changed since 2021?**
In the Form ADV data for North Square Investments, LLC: Regulatory assets under management: $329,862,271 in the October 2021 data and $3,154,462,709 in the October 2026 data, up 856%. Total employees: 21 in October 2021 and 27 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does North Square Investments, LLC serve?**
By number of clients on Form ADV Item 5.D: investment companies (14).

**Does North Square Investments, LLC 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/294355

**What changed in North Square Investments, LLC's recent Form ADV filings?**
In the June 2026 filing data: 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

### Regulatory assets under management (Item 5.F)
- Total: $3,154,462,709
- Discretionary: $3,154,462,709
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 0 | Not reported |
| High net worth individuals | 0 | Not reported |
| Banking or thrift institutions | 0 | Not reported |
| Investment companies | 14 | $3,154,462,709 |
| Business development companies | 0 | Not reported |
| Pooled investment vehicles (other than investment companies and business development companies) | 0 | Not reported |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 0 | Not reported |
| Charitable organizations | 0 | Not reported |
| State or municipal government entities (including government pension plans) | 0 | Not reported |
| Other investment advisers | 0 | Not reported |
| Insurance companies | 0 | Not reported |
| Sovereign wealth funds and foreign official institutions | 0 | Not reported |
| Corporations or other businesses not listed above | 0 | Not reported |
| Other | 0 | Not reported |

### Advisory services (Item 5.G)
- Portfolio management for investment companies (and business development companies)
- Selection of other advisers (including private fund managers)

### Firm details
- Registered since: 2019 (7 years)
- Employees: 27 total, 0 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: IL
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- northsquareinvest.com
- LinkedIn @north-square-investments

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $329,862,271 | 21 | March 30, 2021 |
| October 2022 | $1,237,885,631 | 24 | July 21, 2022 |
| October 2023 | $1,111,542,355 | 26 | August 4, 2023 |
| October 2024 | $1,388,560,450 | 23 | March 28, 2024 |
| October 2025 | $2,024,063,339 | 21 | March 31, 2025 |
| October 2026 | $3,154,462,709 | 27 | May 21, 2026 |

Regulatory assets under management: $329,862,271 in the October 2021 data and $3,154,462,709 in the October 2026 data, up 856%.
Total employees: 21 in October 2021 and 27 in October 2026.

## Changes in the filing (last 12 months)

### June 2026
- Updated its list of owners and control persons (Schedule A).

### March 2026
- Regulatory assets under management went from $2,024,063,339 to $3,154,462,709 (+56%).
- Updated its list of owners and control persons (Schedule A).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. North Square Investments, LLC (CRD 294355): Form ADV filing data as of October 2026.