# The Raelipskie Partnership

> 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.

- CRD: 327652
- Filed as: THE RAELIPSKIE PARTNERSHIP
- Legal name: RAE & Lipskie Investment Counsel Inc.
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Waterloo, Canada
- Filing period: October 2026
- Form ADV filing dated: September 8, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/327652
- AdvisorCensus page: https://advisorcensus.com/firm/the-raelipskie-partnership-waterloo-327652

## Quick answers

**How is The Raelipskie Partnership compensated?**
On its Form ADV (Item 5.E, October 2026), The Raelipskie Partnership reports these compensation arrangements: a percentage of assets under its management.

**How much does The Raelipskie Partnership charge?**
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.

**Where is The Raelipskie Partnership located?**
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).

**Is The Raelipskie Partnership registered with the SEC or a state?**
The Raelipskie Partnership is an SEC-registered investment advisory firm, registered since 2023. Status as filed: Approved. CRD 327652.

**How much does The Raelipskie Partnership manage?**
The Raelipskie Partnership reports $1,066,219,716 in regulatory assets under management in its Form ADV filing dated September 8, 2026 (100% discretionary).

**How have The Raelipskie Partnership's assets and staff changed since 2024?**
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.

**What types of clients does The Raelipskie Partnership serve?**
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).

**Which custodians does The Raelipskie Partnership use?**
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.

**Does The Raelipskie Partnership report any disciplinary disclosures?**
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

**Does The Raelipskie Partnership state an account minimum?**
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."

**What changed in The Raelipskie Partnership's recent Form ADV filings?**
In the October 2026 filing data: Updated its list of owners and control persons (Schedule A).

## 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)

- 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

> 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

- Account minimum: $750,000

> The Firm’s minimum account requirement for opening and maintaining an account is $750,000 USD.

- Minimum annual fee: $8,500

> A minimum annual fee for investment management services of $8,500 USD is applied.

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

### Custodians (Schedule D, Section 5.K(3))
- Nbin Inc.

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: $1,066,219,716
- Discretionary: $1,066,219,716
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 504 | $98,890,899 |
| High net worth individuals | 467 | $777,990,457 |
| Banking or thrift institutions | 0 | $0 |
| Investment companies | 0 | $0 |
| Business development companies | 0 | $0 |
| Pooled investment vehicles (other than investment companies and business development companies) | 0 | $0 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 7 | $81,520,952 |
| Charitable organizations | 30 | $107,817,408 |
| State or municipal government entities (including government pension plans) | 0 | $0 |
| Other investment advisers | 0 | $0 |
| Insurance companies | 0 | $0 |
| Sovereign wealth funds and foreign official institutions | 0 | $0 |
| Corporations or other businesses not listed above | 0 | $0 |
| Other | 0 | $0 |

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

### Firm details
- Registered since: 2023 (2 years)
- Employees: 25 total, 11 performing advisory functions
- Wrap fee program participation: No
- Disclosures (Item 11): Reports 1 disclosure item on Form ADV Item 11.

### Item 11 questions answered yes
- 11.H(2): 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)?

Each question covers the firm and its advisory affiliates: its current employees other than clerical staff, its officers, partners, and directors, and anyone who controls the firm or is controlled by it. One event can produce yes answers to several questions. SEC-registered advisers and exempt reporting advisers may leave out events more than ten years old, and may answer 11.A(2) and 11.B(2) for pending charges only. The detail of each yes answer is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/327652

### Other offices (Schedule D, Section 1.F), as of the October 2026 filing
- Burlington, Ontario

### Websites listed on Form ADV (Item 1.I)
- raelipskie.com
- LinkedIn @the-raelipskie-partnership
- Facebook @raelipskiepartnership
- X @i

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2024 | $899,090,860 | 25 | March 29, 2024 |
| October 2025 | $938,122,186 | 25 | March 31, 2025 |
| October 2026 | $1,066,219,716 | 25 | September 8, 2026 |

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.

## Changes in the filing (last 12 months)

### October 2026
- Updated its list of owners and control persons (Schedule A).

### April 2026
- 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).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. The Raelipskie Partnership (CRD 327652): Form ADV filing data as of October 2026.