{ "crd_number": 152742, "slug": "sandstone-asset-management-inc-calgary-152742", "primary_business_name": "SANDSTONE ASSET MANAGEMENT INC.", "legal_name": "SANDSTONE ASSET MANAGEMENT INC.", "dbas": [], "city": "Calgary", "state": null, "country": "Canada", "cbsa_code": null, "metro": null, "registration_type": "sec", "registration_status": "Approved", "registration_date": "2010-01-27", "years_registered": 16, "period": "2026-10-01", "filing_date": "2026-06-22", "carried_forward": false, "raum_total": 330723534.0, "raum_discretionary": 330294568.0, "raum_non_discretionary": 428966.0, "raum_band": "100m_500m", "raum_band_label": "$100 million to $500 million", "total_employees": 10, "advisory_employees": 4, "client_count_bucket": "fewer_than_5_in_some_types", "clients_by_type": { "other": { "raum": 3048393.0, "count": 5, "description": "TRUSTS" }, "charitable": { "raum": 22881127.0, "count": 3, "fewer_than_5": true }, "high_net_worth_individuals": { "raum": 290215224.0, "count": 106 }, "corporations_other_businesses": { "raum": 14578790.0, "count": 15 } }, "compensation_types": [ "percentage_of_aum" ], "advisory_activities": [ "portfolio_management_businesses_institutional", "portfolio_management_individuals", "portfolio_management_pooled_vehicles", "selection_of_other_advisers" ], "wrap_fee_participant": false, "disclosure_yes_count": 0, "states_registered": [ "CA", "CO", "NY", "TX" ], "websites": [ "https://linkedin.com/COMPANY/SANDSTONE-ASSET-MANAGEMENT-INC", "https://sandstoneam.com" ], "iapd_url": "https://adviserinfo.sec.gov/firm/summary/152742", "city_as_filed": "CALGARY", "url": "https://advisorcensus.com/firm/sandstone-asset-management-inc-calgary-152742", "display_name": "Sandstone Asset Management Inc.", "summary": "Sandstone Asset Management Inc. is an SEC-registered investment advisory firm in Calgary, Canada, registered since 2010, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated June 22, 2026.", "citation": "AdvisorCensus. Sandstone Asset Management Inc. (CRD 152742): Form ADV filing data as of October 2026.", "registration_type_label": "SEC-registered investment adviser", "compensation_labels": [ "A percentage of assets under your management" ], "advisory_activity_labels": [ "Portfolio management for individuals and/or small businesses", "Portfolio management for pooled investment vehicles (other than investment companies)", "Portfolio management for businesses (other than small businesses) or institutional clients", "Selection of other advisers (including private fund managers)" ], "quick_answers": [ { "q": "How is Sandstone Asset Management Inc. compensated?", "a": "On its Form ADV (Item 5.E, October 2026), Sandstone Asset Management Inc. reports these compensation arrangements: a percentage of assets under its management. The amounts are in Item 5 of its Form ADV Part 2A brochure." }, { "q": "Where is Sandstone Asset Management Inc. located?", "a": "Sandstone Asset Management Inc.'s principal office is in Calgary, Canada, according to its Form ADV." }, { "q": "Is Sandstone Asset Management Inc. registered with the SEC or a state?", "a": "Sandstone Asset Management Inc. is an SEC-registered investment advisory firm, registered since 2010. Status as filed: Approved. CRD 152742." }, { "q": "How much does Sandstone Asset Management Inc. manage?", "a": "Sandstone Asset Management Inc. reports $330,723,534 in regulatory assets under management in its Form ADV filing dated June 22, 2026 (100% discretionary)." }, { "q": "How have Sandstone Asset Management Inc.'s assets and staff changed since 2021?", "a": "In the Form ADV data for Sandstone Asset Management Inc.: Regulatory assets under management: $273,924,000 in the October 2021 data and $330,723,534 in the October 2026 data, up 21%. 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 Sandstone Asset Management Inc. serve?", "a": "By number of clients on Form ADV Item 5.D: high net worth individuals (106); corporations or other businesses not listed above (15); other (5)." }, { "q": "Which custodians does Sandstone Asset Management Inc. use?", "a": "Sandstone Asset Management Inc.'s most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Fidelity Clearing Canada as a custodian holding 10% or more of its separately managed account assets." }, { "q": "Does Sandstone 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/152742" }, { "q": "What changed in Sandstone Asset Management Inc.'s recent Form ADV filings?", "a": "In the July 2026 filing data: Regulatory assets under management went from $277,787,132 to $330,723,534 (+19%)." } ], "filing_history": [ { "period": "2021-10-01", "regulatory_assets_under_management": 273924000.0, "total_employees": 10, "filing_date": "2021-06-07" }, { "period": "2022-10-01", "regulatory_assets_under_management": 285701000.0, "total_employees": 9, "filing_date": "2022-06-15" }, { "period": "2023-10-01", "regulatory_assets_under_management": 252440418.0, "total_employees": 9, "filing_date": "2023-05-30" }, { "period": "2024-10-01", "regulatory_assets_under_management": 290909549.0, "total_employees": 10, "filing_date": "2024-08-28" }, { "period": "2025-10-01", "regulatory_assets_under_management": 277787132.0, "total_employees": 10, "filing_date": "2025-06-27" }, { "period": "2026-10-01", "regulatory_assets_under_management": 330723534.0, "total_employees": 10, "filing_date": "2026-06-22" } ], "recent_changes": [ { "period": "2026-07-01", "period_label": "July 2026", "notes": [ "Regulatory assets under management went from $277,787,132 to $330,723,534 (+19%)." ] } ], "fees_from_brochure": null, "custodians": [ { "name": "Fidelity Clearing Canada", "name_as_filed": "FIDELITY CLEARING 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/sandstone-asset-management-inc-calgary-152742.md", "clients": [ { "type": "high_net_worth_individuals", "label": "High net worth individuals", "count": 106, "fewer_than_5": false, "raum": 290215224.0 }, { "type": "charitable", "label": "Charitable organizations", "count": 3, "fewer_than_5": true, "raum": 22881127.0 }, { "type": "corporations_other_businesses", "label": "Corporations or other businesses not listed above", "count": 15, "fewer_than_5": false, "raum": 14578790.0 }, { "type": "other", "label": "Other", "count": 5, "fewer_than_5": false, "raum": 3048393.0 } ], "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/152742", "operator": "BH Monitor Services, LLC", "license": "https://creativecommons.org/licenses/by/4.0/", "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data" } }