# Triasima Portfolio Management Inc.

> Triasima Portfolio Management Inc. is an SEC-registered investment advisory firm in Montreal, Quebec, Canada, registered since 2020, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated March 25, 2026.

- CRD: 304577
- Filed as: TRIASIMA PORTFOLIO MANAGEMENT INC.
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Montreal, Quebec, Canada
- Filing period: October 2026
- Form ADV filing dated: March 25, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/304577
- AdvisorCensus page: https://advisorcensus.com/firm/triasima-portfolio-management-inc-montreal-quebec-304577

## Quick answers

**How is Triasima Portfolio Management Inc. compensated?**
On its Form ADV (Item 5.E, October 2026), Triasima Portfolio Management Inc. reports these compensation arrangements: a percentage of assets under its management; performance-based fees.

**How much does Triasima Portfolio Management Inc. charge?**
Its Form ADV Part 2A brochure dated March 25, 2026 states: Up to $2,000,000: 0.85% a year; $2,000,000 to $5,000,000: 0.65% a year; $5,000,000 to $10,000,000: 0.55% a year; Above $10,000,000: 0.45% a year. Fees can differ by service and may be negotiable; the brochure is the complete statement.

**Where is Triasima Portfolio Management Inc. located?**
Triasima Portfolio Management Inc.'s principal office is in Montreal, Quebec, Canada, according to its Form ADV.

**Is Triasima Portfolio Management Inc. registered with the SEC or a state?**
Triasima Portfolio Management Inc. is an SEC-registered investment advisory firm, registered since 2020. Status as filed: Approved. CRD 304577.

**How much does Triasima Portfolio Management Inc. manage?**
Triasima Portfolio Management Inc. reports $1,105,259,278 in regulatory assets under management in its Form ADV filing dated March 25, 2026 (100% discretionary).

**How have Triasima Portfolio Management Inc.'s assets and staff changed since 2021?**
In the Form ADV data for Triasima Portfolio Management Inc.: Regulatory assets under management: $3,275,364,477 in the October 2021 data and $1,105,259,278 in the October 2026 data, down 66%. Total employees: 28 in October 2021 and 24 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Triasima Portfolio Management Inc. serve?**
By number of clients on Form ADV Item 5.D: high net worth individuals (25); individuals (other than high net worth individuals) (14); corporations or other businesses not listed above (12).

**Which custodians does Triasima Portfolio Management Inc. use?**
Triasima Portfolio Management Inc.'s most recent Form ADV filing (Schedule D, Section 5.K(3)) lists RBC Investor & Treasury Services as a custodian holding 10% or more of its separately managed account assets.

**Does Triasima Portfolio 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/304577

**Does Triasima Portfolio Management Inc. state an account minimum?**
Its Form ADV Part 2A brochure dated March 25, 2026 says: "Triasima also does not require clients to maintain a minimum account size."

## From the Form ADV filing

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

### Fees and minimums (Form ADV Part 2A brochure dated March 25, 2026)

- Up to $2,000,000: 0.85% a year
- $2,000,000 to $5,000,000: 0.65% a year
- $5,000,000 to $10,000,000: 0.55% a year
- Above $10,000,000: 0.45% a year

> The annual investment management fees for accounts invested in segregated securities are as follow: First $2M 0.85% Next $3M 0.65% Next $5M 0.55% Over $10M 0.45%

- Account minimum: None

> Triasima also does not require clients to maintain a minimum account size.

- Minimum annual fee: $12,500

> Minimum annual fees are: • $12,500 for segregated accounts

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

### Custodians (Schedule D, Section 5.K(3))
- RBC Investor & Treasury Services

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: $1,105,259,278
- Discretionary: $1,105,259,278
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 14 | $8,510,136 |
| High net worth individuals | 25 | $99,533,054 |
| Banking or thrift institutions | Fewer than 5 | Not reported |
| Pooled investment vehicles (other than investment companies and business development companies) | 5 | $539,974,067 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | Fewer than 5 | $5,608,996 |
| Charitable organizations | Fewer than 5 | $22,185,262 |
| State or municipal government entities (including government pension plans) | Fewer than 5 | $96,880,753 |
| Other investment advisers | Fewer than 5 | $58,797,919 |
| Insurance companies | Fewer than 5 | $214,675,165 |
| Corporations or other businesses not listed above | 12 | $52,628,162 |
| Other | Fewer than 5 | $6,465,764 |

### 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: 2020 (6 years)
- Employees: 24 total, 10 performing advisory functions
- Wrap fee program participation: No
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- [triasima.com](https://triasima.com)
- LinkedIn @triasima-portfolio-management

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $3,275,364,477 | 28 | March 26, 2021 |
| October 2022 | $3,732,976,462 | 28 | April 8, 2022 |
| October 2023 | $2,516,772,419 | 27 | March 21, 2023 |
| October 2024 | $2,069,571,459 | 25 | March 19, 2024 |
| October 2025 | $1,032,804,274 | 25 | March 24, 2025 |
| October 2026 | $1,105,259,278 | 24 | March 25, 2026 |

Regulatory assets under management: $3,275,364,477 in the October 2021 data and $1,105,259,278 in the October 2026 data, down 66%.
Total employees: 28 in October 2021 and 24 in October 2026.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Triasima Portfolio Management Inc. (CRD 304577): Form ADV filing data as of October 2026.