{
  "crd_number": 317431,
  "slug": "pinestone-asset-management-inc-montreal-quebec-317431",
  "primary_business_name": "PINESTONE ASSET MANAGEMENT INC.",
  "legal_name": "PINESTONE ASSET MANAGEMENT INC.",
  "dbas": [
    "GESTION D'ACTIFS PINESTONE INC."
  ],
  "city": "Montreal, Quebec",
  "state": null,
  "country": "Canada",
  "cbsa_code": null,
  "metro": null,
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "2021-12-20",
  "years_registered": 4,
  "period": "2026-10-01",
  "filing_date": "2026-03-30",
  "carried_forward": false,
  "raum_total": 54134531229.0,
  "raum_discretionary": 50496900365.0,
  "raum_non_discretionary": 3637630864.0,
  "raum_band": "over_5b",
  "raum_band_label": "Over $5 billion",
  "total_employees": 46,
  "advisory_employees": 13,
  "client_count_bucket": "fewer_than_5_in_some_types",
  "clients_by_type": {
    "other": {
      "raum": 1336595400.0,
      "count": 9,
      "description": "SMA"
    },
    "charitable": {
      "raum": 13725724.0,
      "count": null,
      "fewer_than_5": true
    },
    "state_municipal": {
      "raum": 4253008034.0,
      "count": 8
    },
    "investment_companies": {
      "raum": 3770574490.0,
      "count": 7
    },
    "pension_profit_sharing": {
      "raum": 4752290920.0,
      "count": 12
    },
    "other_investment_advisers": {
      "raum": 4312635979.0,
      "count": 10
    },
    "pooled_investment_vehicles": {
      "raum": 35404195311.0,
      "count": 49
    },
    "corporations_other_businesses": {
      "raum": 291505371.0,
      "count": null,
      "fewer_than_5": true
    }
  },
  "compensation_types": [
    "other",
    "percentage_of_aum",
    "performance_based"
  ],
  "advisory_activities": [
    "portfolio_management_businesses_institutional",
    "portfolio_management_investment_companies",
    "portfolio_management_pooled_vehicles"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 0,
  "states_registered": [],
  "websites": [
    "https://linkedin.com/company/pinestoneam",
    "https://pinestoneam.com"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/317431",
  "city_as_filed": "MONTREAL, QUEBEC",
  "url": "https://advisorcensus.com/firm/pinestone-asset-management-inc-montreal-quebec-317431",
  "display_name": "Pinestone Asset Management Inc.",
  "summary": "Pinestone Asset Management Inc. is an SEC-registered investment advisory firm in Montreal, Quebec, Canada, registered since 2021, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated March 30, 2026.",
  "citation": "AdvisorCensus. Pinestone Asset Management Inc. (CRD 317431): 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",
    "Other"
  ],
  "advisory_activity_labels": [
    "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"
  ],
  "quick_answers": [
    {
      "q": "How is Pinestone Asset Management Inc. compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Pinestone Asset Management Inc. reports these compensation arrangements: a percentage of assets under its management; performance-based fees; other."
    },
    {
      "q": "How much does Pinestone Asset Management Inc. charge?",
      "a": "Its Form ADV Part 2A brochure dated March 30, 2026 states: Asset-based fee: 0.4% to 0.85% a year (a range, as the brochure states it). Fees can differ by service and may be negotiable; the brochure is the complete statement."
    },
    {
      "q": "Where is Pinestone Asset Management Inc. located?",
      "a": "Pinestone Asset Management Inc.'s principal office is in Montreal, Quebec, Canada, according to its Form ADV."
    },
    {
      "q": "Is Pinestone Asset Management Inc. registered with the SEC or a state?",
      "a": "Pinestone Asset Management Inc. is an SEC-registered investment advisory firm, registered since 2021. Status as filed: Approved. CRD 317431."
    },
    {
      "q": "How much does Pinestone Asset Management Inc. manage?",
      "a": "Pinestone Asset Management Inc. reports $54,134,531,229 in regulatory assets under management in its Form ADV filing dated March 30, 2026 (93% discretionary)."
    },
    {
      "q": "How have Pinestone Asset Management Inc.'s assets and staff changed since 2022?",
      "a": "In the Form ADV data for Pinestone Asset Management Inc.: Regulatory assets under management: $48,579,119,916 in the October 2022 data and $54,134,531,229 in the October 2026 data, up 11%. Total employees: 16 in October 2022 and 46 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does Pinestone Asset Management Inc. serve?",
      "a": "By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (49); pension and profit sharing plans (but not the plan participants or government pension plans) (12); other investment advisers (10)."
    },
    {
      "q": "Which custodians does Pinestone Asset Management Inc. use?",
      "a": "Pinestone Asset Management Inc.'s most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Bank of New York Mellon Trust Company, Brown Brother Harriman & Co., State Street Trust Company and State Street Trust Company Canada as custodians holding 10% or more of its separately managed account assets."
    },
    {
      "q": "Does Pinestone Asset Management Inc. 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/317431"
    },
    {
      "q": "What changed in Pinestone Asset Management Inc.'s recent Form ADV filings?",
      "a": "In the April 2026 filing data: Employees performing advisory functions went from 10 to 13."
    }
  ],
  "filing_history": [
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 48579119916.0,
      "total_employees": 16,
      "filing_date": "2022-03-25"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 40281680317.0,
      "total_employees": 22,
      "filing_date": "2023-05-10"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 44334517660.0,
      "total_employees": 27,
      "filing_date": "2024-03-28"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 50775494391.0,
      "total_employees": 36,
      "filing_date": "2025-03-28"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 54134531229.0,
      "total_employees": 46,
      "filing_date": "2026-03-30"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-04-01",
      "period_label": "April 2026",
      "notes": [
        "Employees performing advisory functions went from 10 to 13."
      ]
    }
  ],
  "fees_from_brochure": {
    "source": "Form ADV Part 2A brochure dated March 30, 2026",
    "provided_by_the_firm": false,
    "tiers": [],
    "flat_rate": null,
    "stated_range": "0.4% to 0.85% a year",
    "stated_maximum": null,
    "account_minimum": null,
    "account_minimum_may_be_waived": false,
    "minimum_annual_fee": null,
    "planning_fees": [],
    "figures": [
      {
        "label": "Asset-based fee",
        "statements": [
          "Asset-based fee: 0.4% to 0.85% a year (a range, as the brochure states it)"
        ],
        "quotes": [
          "Management fees (per annum) for our separately managed accounts are negotiable and generally range between 0.40% and 0.85% depending on the size of the mandate, scope of the relationship, and several other factors."
        ]
      }
    ],
    "values": {
      "tiers": [],
      "range_pct": [
        0.4,
        0.85
      ],
      "max_pct": null,
      "account_minimum": null,
      "minimum_annual_fee": null,
      "planning": []
    },
    "quotes": [
      "Management fees (per annum) for our separately managed accounts are negotiable and generally range between 0.40% and 0.85% depending on the size of the mandate, scope of the relationship, and several other factors."
    ],
    "note": "As stated in the firm's brochure; fees can differ by service and may be negotiable."
  },
  "custodians": [
    {
      "name": "Bank of New York Mellon Trust Company",
      "name_as_filed": "BANK OF NEW YORK MELLON TRUST COMPANY",
      "affiliated": false
    },
    {
      "name": "Brown Brother Harriman & Co.",
      "name_as_filed": "BROWN BROTHER HARRIMAN & CO.",
      "affiliated": false
    },
    {
      "name": "State Street Trust Company",
      "name_as_filed": "STATE STREET TRUST COMPANY",
      "affiliated": false
    },
    {
      "name": "State Street Trust Company Canada",
      "name_as_filed": "STATE STREET TRUST 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/pinestone-asset-management-inc-montreal-quebec-317431.md",
  "clients": [
    {
      "type": "investment_companies",
      "label": "Investment companies",
      "count": 7,
      "fewer_than_5": false,
      "raum": 3770574490.0
    },
    {
      "type": "pooled_investment_vehicles",
      "label": "Pooled investment vehicles (other than investment companies and business development companies)",
      "count": 49,
      "fewer_than_5": false,
      "raum": 35404195311.0
    },
    {
      "type": "pension_profit_sharing",
      "label": "Pension and profit sharing plans (but not the plan participants or government pension plans)",
      "count": 12,
      "fewer_than_5": false,
      "raum": 4752290920.0
    },
    {
      "type": "charitable",
      "label": "Charitable organizations",
      "count": null,
      "fewer_than_5": true,
      "raum": 13725724.0
    },
    {
      "type": "state_municipal",
      "label": "State or municipal government entities (including government pension plans)",
      "count": 8,
      "fewer_than_5": false,
      "raum": 4253008034.0
    },
    {
      "type": "other_investment_advisers",
      "label": "Other investment advisers",
      "count": 10,
      "fewer_than_5": false,
      "raum": 4312635979.0
    },
    {
      "type": "corporations_other_businesses",
      "label": "Corporations or other businesses not listed above",
      "count": null,
      "fewer_than_5": true,
      "raum": 291505371.0
    },
    {
      "type": "other",
      "label": "Other",
      "count": 9,
      "fewer_than_5": false,
      "raum": 1336595400.0
    }
  ],
  "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/317431",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}