# Sandstone Asset Management Inc.

> 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.

- CRD: 152742
- Filed as: SANDSTONE ASSET MANAGEMENT INC.
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Calgary, Canada
- Filing period: October 2026
- Form ADV filing dated: June 22, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/152742
- AdvisorCensus page: https://advisorcensus.com/firm/sandstone-asset-management-inc-calgary-152742

## Quick answers

**How is Sandstone Asset Management Inc. compensated?**
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.

**Where is Sandstone Asset Management Inc. located?**
Sandstone Asset Management Inc.'s principal office is in Calgary, Canada, according to its Form ADV.

**Is Sandstone Asset Management Inc. registered with the SEC or a state?**
Sandstone Asset Management Inc. is an SEC-registered investment advisory firm, registered since 2010. Status as filed: Approved. CRD 152742.

**How much does Sandstone Asset Management Inc. manage?**
Sandstone Asset Management Inc. reports $330,723,534 in regulatory assets under management in its Form ADV filing dated June 22, 2026 (100% discretionary).

**How have Sandstone Asset Management Inc.'s assets and staff changed since 2021?**
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.

**What types of clients does Sandstone Asset Management Inc. serve?**
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).

**Which custodians does Sandstone Asset Management Inc. use?**
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.

**Does Sandstone Asset Management Inc. 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/152742

**What changed in Sandstone Asset Management Inc.'s recent Form ADV filings?**
In the July 2026 filing data: Regulatory assets under management went from $277,787,132 to $330,723,534 (+19%).

## From the Form ADV filing

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

### Custodians (Schedule D, Section 5.K(3))
- Fidelity Clearing Canada

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: $330,723,534
- Discretionary: $330,294,568
- Non-discretionary: $428,966

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| High net worth individuals | 106 | $290,215,224 |
| Charitable organizations | 3 | $22,881,127 |
| Corporations or other businesses not listed above | 15 | $14,578,790 |
| Other | 5 | $3,048,393 |

### Advisory services (Item 5.G)
- 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)

### Firm details
- Registered since: 2010 (16 years)
- Employees: 10 total, 4 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: CA, CO, NY, TX
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- sandstoneam.com
- LinkedIn @SANDSTONE-ASSET-MANAGEMENT-INC

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $273,924,000 | 10 | June 7, 2021 |
| October 2022 | $285,701,000 | 9 | June 15, 2022 |
| October 2023 | $252,440,418 | 9 | May 30, 2023 |
| October 2024 | $290,909,549 | 10 | August 28, 2024 |
| October 2025 | $277,787,132 | 10 | June 27, 2025 |
| October 2026 | $330,723,534 | 10 | June 22, 2026 |

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.

## Changes in the filing (last 12 months)

### July 2026
- Regulatory assets under management went from $277,787,132 to $330,723,534 (+19%).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Sandstone Asset Management Inc. (CRD 152742): Form ADV filing data as of October 2026.