{
  "crd_number": 327652,
  "slug": "the-raelipskie-partnership-waterloo-327652",
  "primary_business_name": "THE RAELIPSKIE PARTNERSHIP",
  "legal_name": "RAE & LIPSKIE INVESTMENT COUNSEL INC.",
  "dbas": [],
  "city": "Waterloo",
  "state": null,
  "country": "Canada",
  "cbsa_code": null,
  "metro": null,
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "2023-10-19",
  "years_registered": 2,
  "period": "2026-10-01",
  "filing_date": "2026-09-08",
  "carried_forward": false,
  "raum_total": 1066219716.0,
  "raum_discretionary": 1066219716.0,
  "raum_non_discretionary": 0.0,
  "raum_band": "1b_5b",
  "raum_band_label": "$1 billion to $5 billion",
  "total_employees": 25,
  "advisory_employees": 11,
  "client_count_bucket": null,
  "clients_by_type": {
    "other": {
      "raum": 0.0,
      "count": 0
    },
    "charitable": {
      "raum": 107817408.0,
      "count": 30
    },
    "individuals": {
      "raum": 98890899.0,
      "count": 504
    },
    "banking_thrift": {
      "raum": 0.0,
      "count": 0
    },
    "state_municipal": {
      "raum": 0.0,
      "count": 0
    },
    "insurance_companies": {
      "raum": 0.0,
      "count": 0
    },
    "investment_companies": {
      "raum": 0.0,
      "count": 0
    },
    "pension_profit_sharing": {
      "raum": 81520952.0,
      "count": 7
    },
    "other_investment_advisers": {
      "raum": 0.0,
      "count": 0
    },
    "high_net_worth_individuals": {
      "raum": 777990457.0,
      "count": 467
    },
    "pooled_investment_vehicles": {
      "raum": 0.0,
      "count": 0
    },
    "corporations_other_businesses": {
      "raum": 0.0,
      "count": 0
    },
    "business_development_companies": {
      "raum": 0.0,
      "count": 0
    },
    "sovereign_wealth_foreign_official": {
      "raum": 0.0,
      "count": 0
    }
  },
  "compensation_types": [
    "percentage_of_aum"
  ],
  "advisory_activities": [
    "portfolio_management_businesses_institutional",
    "portfolio_management_individuals",
    "selection_of_other_advisers"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 1,
  "states_registered": [],
  "websites": [
    "https://ca.linkedin.com/company/the-raelipskie-partnership",
    "https://facebook.com/raelipskiepartnership?fref=ts",
    "https://raelipskie.com",
    "https://twitter.com/i/flow/login?redirect_after_login=%2FRaeLipskie"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/327652",
  "disclosure_items": [
    {
      "item": "11.H(2)",
      "question": "Is the firm or an advisory affiliate now the subject of a civil proceeding that could result in a yes answer to any part of 11.H(1)?"
    }
  ],
  "city_as_filed": "WATERLOO",
  "url": "https://advisorcensus.com/firm/the-raelipskie-partnership-waterloo-327652",
  "display_name": "The Raelipskie Partnership",
  "summary": "The Raelipskie Partnership is an SEC-registered investment advisory firm in Waterloo, Canada, registered since 2023, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated September 8, 2026.",
  "citation": "AdvisorCensus. The Raelipskie Partnership (CRD 327652): 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 businesses (other than small businesses) or institutional clients",
    "Selection of other advisers (including private fund managers)"
  ],
  "quick_answers": [
    {
      "q": "How is The Raelipskie Partnership compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), The Raelipskie Partnership reports these compensation arrangements: a percentage of assets under its management."
    },
    {
      "q": "How much does The Raelipskie Partnership charge?",
      "a": "Its Form ADV Part 2A brochure dated March 31, 2026 states: Up to $375,000: 1.5% a year; $375,000 to $1,475,000: 0.75% a year; $1,475,000 to $2,225,000: 0.5% a year; Above $2,225,000: 0.25% a year. Fees can differ by service and may be negotiable; the brochure is the complete statement."
    },
    {
      "q": "Where is The Raelipskie Partnership located?",
      "a": "The Raelipskie Partnership's principal office is in Waterloo, Canada, according to its Form ADV; the October 2026 filing also lists 1 other office (Schedule D, Section 1.F)."
    },
    {
      "q": "Is The Raelipskie Partnership registered with the SEC or a state?",
      "a": "The Raelipskie Partnership is an SEC-registered investment advisory firm, registered since 2023. Status as filed: Approved. CRD 327652."
    },
    {
      "q": "How much does The Raelipskie Partnership manage?",
      "a": "The Raelipskie Partnership reports $1,066,219,716 in regulatory assets under management in its Form ADV filing dated September 8, 2026 (100% discretionary)."
    },
    {
      "q": "How have The Raelipskie Partnership's assets and staff changed since 2024?",
      "a": "In the Form ADV data for The Raelipskie Partnership: Regulatory assets under management: $899,090,860 in the October 2024 data and $1,066,219,716 in the October 2026 data, up 19%. Total employees: 25 in October 2024 and 25 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does The Raelipskie Partnership serve?",
      "a": "By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (504); high net worth individuals (467); charitable organizations (30)."
    },
    {
      "q": "Which custodians does The Raelipskie Partnership use?",
      "a": "The Raelipskie Partnership's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Nbin Inc. as a custodian holding 10% or more of its separately managed account assets."
    },
    {
      "q": "Does The Raelipskie Partnership report any disciplinary disclosures?",
      "a": "Reports 1 disclosure item on Form ADV Item 11: yes answers to 11.H(2) (pending civil proceeding). Each question covers the firm and its advisory affiliates, and one event can produce several yes answers. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/327652"
    },
    {
      "q": "Does The Raelipskie Partnership state an account minimum?",
      "a": "Its Form ADV Part 2A brochure dated March 31, 2026 says: \"The Firm’s minimum account requirement for opening and maintaining an account is $750,000 USD.\""
    },
    {
      "q": "What changed in The Raelipskie Partnership's recent Form ADV filings?",
      "a": "In the October 2026 filing data: Updated its list of owners and control persons (Schedule A)."
    }
  ],
  "filing_history": [
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 899090860.0,
      "total_employees": 25,
      "filing_date": "2024-03-29"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 938122186.0,
      "total_employees": 25,
      "filing_date": "2025-03-31"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 1066219716.0,
      "total_employees": 25,
      "filing_date": "2026-09-08"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-10-01",
      "period_label": "October 2026",
      "notes": [
        "Updated its list of owners and control persons (Schedule A)."
      ]
    },
    {
      "period": "2026-04-01",
      "period_label": "April 2026",
      "notes": [
        "Item 11 disclosure answers changed: 1 yes answer, previously 0 (now yes: 11.H(2)).",
        "Regulatory assets under management went from $938,122,186 to $1,066,219,716 (+14%).",
        "Updated its list of owners and control persons (Schedule A)."
      ]
    }
  ],
  "fees_from_brochure": {
    "source": "Form ADV Part 2A brochure dated March 31, 2026",
    "provided_by_the_firm": false,
    "tiers": [
      {
        "band": "Up to $375,000",
        "rate": "1.5%"
      },
      {
        "band": "$375,000 to $1,475,000",
        "rate": "0.75%"
      },
      {
        "band": "$1,475,000 to $2,225,000",
        "rate": "0.5%"
      },
      {
        "band": "Above $2,225,000",
        "rate": "0.25%"
      }
    ],
    "flat_rate": null,
    "stated_range": null,
    "stated_maximum": null,
    "account_minimum": "$750,000",
    "account_minimum_may_be_waived": false,
    "minimum_annual_fee": "$8,500",
    "planning_fees": [],
    "figures": [
      {
        "label": "Fee schedule",
        "statements": [
          "Up to $375,000: 1.5% a year",
          "$375,000 to $1,475,000: 0.75% a year",
          "$1,475,000 to $2,225,000: 0.5% a year",
          "Above $2,225,000: 0.25% a year"
        ],
        "quotes": [
          "Fee Schedule (U.S. $) Client Assets Investment Management Fees First $375,000 1.50% per annum Next $1,100,000 0.75% per annum Next $750,000 0.50% per annum Over $2,250,000 0.25% per annum"
        ]
      },
      {
        "label": "Account minimum",
        "statements": [
          "Account minimum: $750,000"
        ],
        "quotes": [
          "The Firm’s minimum account requirement for opening and maintaining an account is $750,000 USD."
        ]
      },
      {
        "label": "Minimum annual fee",
        "statements": [
          "Minimum annual fee: $8,500"
        ],
        "quotes": [
          "A minimum annual fee for investment management services of $8,500 USD is applied."
        ]
      }
    ],
    "values": {
      "tiers": [
        {
          "min": 0.0,
          "max": 375000.0,
          "rate_pct": 1.5
        },
        {
          "min": 375000.0,
          "max": 1475000.0,
          "rate_pct": 0.75
        },
        {
          "min": 1475000.0,
          "max": 2225000.0,
          "rate_pct": 0.5
        },
        {
          "min": 2225000.0,
          "max": null,
          "rate_pct": 0.25
        }
      ],
      "range_pct": null,
      "max_pct": null,
      "account_minimum": 750000.0,
      "minimum_annual_fee": 8500.0,
      "planning": []
    },
    "quotes": [
      "Fee Schedule (U.S. $) Client Assets Investment Management Fees First $375,000 1.50% per annum Next $1,100,000 0.75% per annum Next $750,000 0.50% per annum Over $2,250,000 0.25% per annum",
      "The Firm’s minimum account requirement for opening and maintaining an account is $750,000 USD.",
      "A minimum annual fee for investment management services of $8,500 USD is applied."
    ],
    "note": "As stated in the firm's brochure; fees can differ by service and may be negotiable."
  },
  "custodians": [
    {
      "name": "Nbin Inc.",
      "name_as_filed": "NBIN INC.",
      "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/the-raelipskie-partnership-waterloo-327652.md",
  "clients": [
    {
      "type": "individuals",
      "label": "Individuals (other than high net worth individuals)",
      "count": 504,
      "fewer_than_5": false,
      "raum": 98890899.0
    },
    {
      "type": "high_net_worth_individuals",
      "label": "High net worth individuals",
      "count": 467,
      "fewer_than_5": false,
      "raum": 777990457.0
    },
    {
      "type": "banking_thrift",
      "label": "Banking or thrift institutions",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "investment_companies",
      "label": "Investment companies",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "business_development_companies",
      "label": "Business development companies",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "pooled_investment_vehicles",
      "label": "Pooled investment vehicles (other than investment companies and business development companies)",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "pension_profit_sharing",
      "label": "Pension and profit sharing plans (but not the plan participants or government pension plans)",
      "count": 7,
      "fewer_than_5": false,
      "raum": 81520952.0
    },
    {
      "type": "charitable",
      "label": "Charitable organizations",
      "count": 30,
      "fewer_than_5": false,
      "raum": 107817408.0
    },
    {
      "type": "state_municipal",
      "label": "State or municipal government entities (including government pension plans)",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "other_investment_advisers",
      "label": "Other investment advisers",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "insurance_companies",
      "label": "Insurance companies",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "sovereign_wealth_foreign_official",
      "label": "Sovereign wealth funds and foreign official institutions",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "corporations_other_businesses",
      "label": "Corporations or other businesses not listed above",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "other",
      "label": "Other",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    }
  ],
  "disclosure_line": "Reports 1 disclosure item on Form ADV Item 11.",
  "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/327652",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}