# Silver Heights Capital Management Inc.

> Silver Heights Capital Management Inc. is an SEC-registered investment advisory firm in Toronto, Ontario, Canada, registered since 2017, reporting $500 million to $1 billion in regulatory assets under management in its Form ADV filing dated March 31, 2026.

- CRD: 284757
- Filed as: SILVER HEIGHTS CAPITAL MANAGEMENT INC.
- Also doing business as: SILVER HEIGHTS
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Toronto, Ontario, Canada
- Filing period: October 2026
- Form ADV filing dated: March 31, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/284757
- AdvisorCensus page: https://advisorcensus.com/firm/silver-heights-capital-management-inc-toronto-ontario-284757

## Quick answers

**How is Silver Heights Capital Management Inc. compensated?**
On its Form ADV (Item 5.E, October 2026), Silver Heights Capital Management Inc. reports these compensation arrangements: a percentage of assets under its management.

**How much does Silver Heights Capital Management Inc. charge?**
Its Form ADV Part 2A brochure dated March 31, 2026 states: Asset-based fee: 1.5% of assets a year. Fees can differ by service and may be negotiable; the brochure is the complete statement.

**Where is Silver Heights Capital Management Inc. located?**
Silver Heights Capital Management Inc.'s principal office is in Toronto, Ontario, Canada, according to its Form ADV; the April 2026 filing also lists 1 other office (Schedule D, Section 1.F).

**Is Silver Heights Capital Management Inc. registered with the SEC or a state?**
Silver Heights Capital Management Inc. is an SEC-registered investment advisory firm, registered since 2017. Status as filed: Approved. CRD 284757.

**How much does Silver Heights Capital Management Inc. manage?**
Silver Heights Capital Management Inc. reports $727,058,697 in regulatory assets under management in its Form ADV filing dated March 31, 2026 (100% discretionary).

**How have Silver Heights Capital Management Inc.'s assets and staff changed since 2021?**
In the Form ADV data for Silver Heights Capital Management Inc.: Regulatory assets under management: $521,354,891 in the October 2021 data and $727,058,697 in the October 2026 data, up 39%. Total employees: 7 in October 2021 and 11 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Silver Heights Capital Management Inc. serve?**
By number of clients on Form ADV Item 5.D: high net worth individuals (64); corporations or other businesses not listed above (28); pooled investment vehicles (other than investment companies and business development companies) (1).

**Which custodians does Silver Heights Capital Management Inc. use?**
Silver Heights Capital Management Inc.'s most recent Form ADV filing (Schedule D, Section 5.K(3)) lists National Bank Independent Network (Nbin) as a custodian holding 10% or more of its separately managed account assets.

**Does Silver Heights Capital 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/284757

**Does Silver Heights Capital Management Inc. state an account minimum?**
Its Form ADV Part 2A brochure dated March 31, 2026 says: "Silver Heights’ minimum account size for U.S. accounts is $5 million. It is at Silver Heights’ discretion whether to negotiate minimum account sizes on a case-by-case basis."

## From the Form ADV filing

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

### Fees and minimums (Form ADV Part 2A brochure dated March 31, 2026)

- Asset-based fee: 1.5% of assets a year

> Silver Heights charges a management fee of 1.5% per annum in consideration for the advisory services provided to its clients.

- Account minimum: $5,000,000 (the brochure says it may be waived or negotiated)

> Silver Heights’ minimum account size for U.S. accounts is $5 million. It is at Silver Heights’ discretion whether to negotiate minimum account sizes on a case-by-case basis.

As stated in the firm's brochure. Fees can differ by service and may be negotiable.

### Custodians (Schedule D, Section 5.K(3))
- National Bank Independent Network (Nbin)

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: $727,058,697
- Discretionary: $727,058,697
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | Fewer than 5 | $1,309,178 |
| High net worth individuals | 64 | $326,854,503 |
| Pooled investment vehicles (other than investment companies and business development companies) | 1 | $48,696,000 |
| Charitable organizations | Fewer than 5 | $8,601,489 |
| Other investment advisers | Fewer than 5 | $177,711,062 |
| Corporations or other businesses not listed above | 28 | $163,886,465 |

### 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

### Firm details
- Registered since: 2017 (9 years)
- Employees: 11 total, 2 performing advisory functions
- Wrap fee program participation: No
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Other offices (Schedule D, Section 1.F), as of the April 2026 filing
- North York, Ontario

### Websites listed on Form ADV (Item 1.I)
- silverheights.com
- LinkedIn @SILVER-HEIGHTS-CAPITAL-MANAGEMENT

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $521,354,891 | 7 | June 9, 2021 |
| October 2022 | $586,406,963 | 7 | September 26, 2022 |
| October 2023 | $536,144,052 | 8 | March 30, 2023 |
| October 2024 | $615,228,476 | 7 | March 28, 2024 |
| October 2025 | $673,443,607 | 10 | March 31, 2025 |
| October 2026 | $727,058,697 | 11 | March 31, 2026 |

Regulatory assets under management: $521,354,891 in the October 2021 data and $727,058,697 in the October 2026 data, up 39%.
Total employees: 7 in October 2021 and 11 in October 2026.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Silver Heights Capital Management Inc. (CRD 284757): Form ADV filing data as of October 2026.