{
  "crd_number": 174083,
  "slug": "pcj-investment-counsel-ltd-toronto-ontario-174083",
  "primary_business_name": "PCJ INVESTMENT COUNSEL LTD.",
  "legal_name": "PCJ INVESTMENT COUNSEL LTD.",
  "dbas": [],
  "city": "Toronto, Ontario",
  "state": null,
  "country": "Canada",
  "cbsa_code": null,
  "metro": null,
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "2015-01-02",
  "years_registered": 11,
  "period": "2026-10-01",
  "filing_date": "2026-06-26",
  "carried_forward": false,
  "raum_total": 924342654.0,
  "raum_discretionary": 924342654.0,
  "raum_non_discretionary": 0.0,
  "raum_band": "500m_1b",
  "raum_band_label": "$500 million to $1 billion",
  "total_employees": 10,
  "advisory_employees": 9,
  "client_count_bucket": "fewer_than_5_in_some_types",
  "clients_by_type": {
    "insurance_companies": {
      "raum": 1451894.0,
      "count": null,
      "fewer_than_5": true
    },
    "investment_companies": {
      "raum": 41245954.0,
      "count": 1
    },
    "other_investment_advisers": {
      "raum": 828365863.0,
      "count": null,
      "fewer_than_5": true
    },
    "pooled_investment_vehicles": {
      "raum": 52835277.0,
      "count": 1
    },
    "corporations_other_businesses": {
      "raum": 443666.0,
      "count": null,
      "fewer_than_5": true
    }
  },
  "compensation_types": [
    "percentage_of_aum",
    "performance_based"
  ],
  "advisory_activities": [
    "other",
    "portfolio_management_businesses_institutional",
    "portfolio_management_individuals",
    "portfolio_management_investment_companies",
    "portfolio_management_pooled_vehicles"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 0,
  "states_registered": [],
  "websites": [
    "https://cclgroup.com/pcj/en",
    "https://linkedin.com/company/pcj-investment-counsel-ltd"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/174083",
  "city_as_filed": "TORONTO, ONTARIO",
  "url": "https://advisorcensus.com/firm/pcj-investment-counsel-ltd-toronto-ontario-174083",
  "display_name": "PCJ Investment Counsel Ltd.",
  "summary": "PCJ Investment Counsel Ltd. is an SEC-registered investment advisory firm in Toronto, Ontario, Canada, registered since 2015, reporting $500 million to $1 billion in regulatory assets under management in its Form ADV filing dated June 26, 2026.",
  "citation": "AdvisorCensus. PCJ Investment Counsel Ltd. (CRD 174083): Form ADV filing data as of October 2026.",
  "registration_type_label": "SEC-registered investment adviser",
  "compensation_labels": [
    "A percentage of assets under your management",
    "Performance-based fees"
  ],
  "advisory_activity_labels": [
    "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",
    "Other"
  ],
  "quick_answers": [
    {
      "q": "How is PCJ Investment Counsel Ltd. compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), PCJ Investment Counsel Ltd. reports these compensation arrangements: a percentage of assets under its management; performance-based fees."
    },
    {
      "q": "Where is PCJ Investment Counsel Ltd. located?",
      "a": "PCJ Investment Counsel Ltd.'s principal office is in Toronto, Ontario, Canada, according to its Form ADV."
    },
    {
      "q": "Is PCJ Investment Counsel Ltd. registered with the SEC or a state?",
      "a": "PCJ Investment Counsel Ltd. is an SEC-registered investment advisory firm, registered since 2015. Status as filed: Approved. CRD 174083."
    },
    {
      "q": "How much does PCJ Investment Counsel Ltd. manage?",
      "a": "PCJ Investment Counsel Ltd. reports $924,342,654 in regulatory assets under management in its Form ADV filing dated June 26, 2026 (100% discretionary)."
    },
    {
      "q": "How have PCJ Investment Counsel Ltd.'s assets and staff changed since 2021?",
      "a": "In the Form ADV data for PCJ Investment Counsel Ltd.: Regulatory assets under management: $512,661,466 in the October 2021 data and $924,342,654 in the October 2026 data, up 80%. Total employees: 10 in October 2021 and 10 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does PCJ Investment Counsel Ltd. serve?",
      "a": "By number of clients on Form ADV Item 5.D: investment companies (1); pooled investment vehicles (other than investment companies and business development companies) (1)."
    },
    {
      "q": "Which custodians does PCJ Investment Counsel Ltd. use?",
      "a": "PCJ Investment Counsel Ltd.'s most recent Form ADV filing (Schedule D, Section 5.K(3)) lists RBC Investor Services Trust and State Street Company Canada as custodians holding 10% or more of its separately managed account assets."
    },
    {
      "q": "Does PCJ Investment Counsel Ltd. 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/174083"
    },
    {
      "q": "What changed in PCJ Investment Counsel Ltd.'s recent Form ADV filings?",
      "a": "In the July 2026 filing data: Updated its list of owners and control persons (Schedule A)."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 512661466.0,
      "total_employees": 10,
      "filing_date": "2021-03-29"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 679824266.0,
      "total_employees": 10,
      "filing_date": "2022-03-29"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 551917488.0,
      "total_employees": 10,
      "filing_date": "2023-03-31"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 597093983.0,
      "total_employees": 10,
      "filing_date": "2024-03-28"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 703970311.0,
      "total_employees": 10,
      "filing_date": "2025-03-28"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 924342654.0,
      "total_employees": 10,
      "filing_date": "2026-06-26"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-07-01",
      "period_label": "July 2026",
      "notes": [
        "Updated its list of owners and control persons (Schedule A)."
      ]
    },
    {
      "period": "2026-04-01",
      "period_label": "April 2026",
      "notes": [
        "Regulatory assets under management went from $703,970,311 to $924,342,654 (+31%)."
      ]
    }
  ],
  "fees_from_brochure": {
    "source": "Form ADV Part 2A brochure dated March 31, 2026",
    "provided_by_the_firm": false,
    "tiers": [],
    "flat_rate": null,
    "stated_range": null,
    "stated_maximum": null,
    "account_minimum": null,
    "account_minimum_may_be_waived": false,
    "minimum_annual_fee": "None",
    "planning_fees": [],
    "figures": [
      {
        "label": "Minimum annual fee",
        "statements": [
          "Minimum annual fee: None"
        ],
        "quotes": [
          "There is no minimum annual fee charged."
        ]
      }
    ],
    "values": {
      "tiers": [],
      "range_pct": null,
      "max_pct": null,
      "account_minimum": null,
      "minimum_annual_fee": 0.0,
      "planning": []
    },
    "quotes": [
      "There is no minimum annual fee charged."
    ],
    "note": "As stated in the firm's brochure; fees can differ by service and may be negotiable."
  },
  "custodians": [
    {
      "name": "RBC Investor Services Trust",
      "name_as_filed": "RBC INVESTOR SERVICES TRUST",
      "affiliated": false
    },
    {
      "name": "State Street Company Canada",
      "name_as_filed": "STATE STREET COMPANY CANADA",
      "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/pcj-investment-counsel-ltd-toronto-ontario-174083.md",
  "clients": [
    {
      "type": "investment_companies",
      "label": "Investment companies",
      "count": 1,
      "fewer_than_5": false,
      "raum": 41245954.0
    },
    {
      "type": "pooled_investment_vehicles",
      "label": "Pooled investment vehicles (other than investment companies and business development companies)",
      "count": 1,
      "fewer_than_5": false,
      "raum": 52835277.0
    },
    {
      "type": "other_investment_advisers",
      "label": "Other investment advisers",
      "count": null,
      "fewer_than_5": true,
      "raum": 828365863.0
    },
    {
      "type": "insurance_companies",
      "label": "Insurance companies",
      "count": null,
      "fewer_than_5": true,
      "raum": 1451894.0
    },
    {
      "type": "corporations_other_businesses",
      "label": "Corporations or other businesses not listed above",
      "count": null,
      "fewer_than_5": true,
      "raum": 443666.0
    }
  ],
  "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/174083",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}