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RIA / WealthRegistered adviserother adviserSEC registeredRAUM 10b 100b

LETKO, BROSSEAU & ASSOCIATES INC.

CRD 133221

MONTREAL, QUEBEC

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Search this name across graphsid dfx:ria:8528224e-e477-e3dc-7c1c-3178582a74b2

Data as of Dec 22, 2025 (this record's last observation) from federal regulator filings. Page built Sep 19, 2026, 6:55 PM UTC and rebuilt at most every 15 minutes.

Relationships: 25
Dated events: 11
On other graphs: 0
Observed: Dec 22, 2011 to Dec 22, 2025
35 observations

Across DFX

This entity has not been resolved onto another DFX graph by a shared identifier. A name match elsewhere would be a candidate, never an identity, and none is recorded.

Facts

fact = as filed or announced; derived = computed by DFX; estimate = a band, never a point

Firm class: other adviserderivedprivate_client_share=0.14 fund_share=0.26 institutional_share=0.41 related_bd=false related_bank=false bd_reps=0.0
Regulatory AUM: $19BItem 5.F on the latest filing (2025-12-22); as reported, and an affiliate's assets may be counted again on its own filing
Discretionary RAUM: $19B
Private client RAUM: $2.7BderivedItem 5.D individuals plus high net worth individuals
Private client share: 14%derivedprivate client RAUM over total RAUM
Advisors on IAPD: 1
RAUM per advisor: $19Bderivedthe firm's RAUM over its IAPD headcount: a firm average, never a person's book
Employees: 75
Advisory employees: 36
Offices: 2Schedule D 1.F, beyond the principal office
Accounts: 2,186
Individual clients: 1,026
High net worth clients: 571
Private funds: 7Schedule D 7.B(1)
Custody, client assets: $238M
SEC number: 801-64074
CIK: 1297496
CRD: 133221
Filings on the tape: 35
First filed: Dec 22, 2011
Latest filed: Dec 22, 2025
Organised: Corporation

Advisors on IAPD

current investment adviser representatives on the IAPD individual feed, longest tenure first

Advisor	Designations	Branch	Years here	In industry	Prior firms	Dual registered
Brian John Bedernyak	Chartered Financial Analyst	MONTREAL, QUEBEC	2	17	n/a	no

Private funds

Schedule D 7.B(1); gross asset value as reported, never fund size; reporting ends 2024-12-31

Fund	Type	Reported GAV	As of	Owners	First reported	Status	Form D file
LETKO BROSSEAU EQUITY FUND	Other Private Fund	$665M	Dec 19, 2024	766	Dec 18, 2024	reported	021-516418
LETKO BROSSEAU RSP EQUITY FUND	Other Private Fund	$532M	Dec 19, 2024	490	May 6, 2016	reported	021-236820
LETKO BROSSEAU RSP BALANCED FUND	Other Private Fund	$328M	Dec 19, 2024	680	May 6, 2016	reported	021-228733
LETKO BROSSEAU EMERGING MARKETS EQUITY FUND (US), A SERIES OF LETKO BROSSEAU US FUNDS LP	Other Private Fund	$41.4M	Dec 19, 2024	2	Dec 18, 2024	reported	021-479989
LETKO BROSSEAU RSP BOND FUND	Other Private Fund	$36.5M	Dec 19, 2024	79	May 6, 2016	reported	021-228732
LETKO BROSSEAU ESG FOSSIL FUEL FREE GLOBAL EQUITY FUND (US), A SERIES OF LETKO BROSSEAU US FUNDS LP	Other Private Fund	$22.1M	Dec 19, 2024	1	Dec 19, 2023	reported	021-464592
LETKO BROSSEAU EQUITY FUND - GLOBAL INVESTORS	Other Private Fund	$6.9M	Dec 19, 2024	9	May 6, 2016	reported	n/a

Owners and control persons

Schedule A and B as filed; ownership codes are the form's bands (NA under 5%, A 5 to 10%, B 10 to 25%, C 25 to 50%, D 50 to 75%, E over 75%); people are listed as filed and never merged by name

Owner	Title	Ownership code	Control person	Acquired	First seen	Last seen
4554353 CANADA INC.	COMMON SHAREHOLDER	C	yes	03/2010	Dec 18, 2015	Dec 19, 2024
4554361 CANADA INC.	COMMON SHAREHOLDER	C	yes	03/2010	Dec 18, 2015	Dec 19, 2024
Baroux-Francisci, Nathalie, Claude	Director	Na	yes	12/2022	Dec 19, 2023	Dec 19, 2024
BELKIN, ALTON, STUART	Trustee	C	yes	01/2007	Dec 8, 2016	Dec 19, 2024
Birks, Thomas, Massey	CHAIRMAN OF THE BOARD OF DIRECTORS	Na	yes	05/2017	Aug 2, 2017	Dec 19, 2024
Gattuso, Jean	Director	Na	yes	12/2022	Dec 19, 2023	Dec 19, 2024
JEWELL, DONALD, GORDON	Trustee	C	yes	01/2007	Dec 8, 2016	Dec 19, 2024
LETKO, PETER	COMMON SHAREHOLDER	E	yes	03/2010	Dec 22, 2011	Dec 19, 2024
LINDSAY, THOMAS, DOUGLAS	Trustee	C	yes	02/2019	Dec 5, 2019	Dec 19, 2024
MARIEN, ROBERT, JOSEPH	Director	Na	yes	05/2017	Aug 2, 2017	Dec 19, 2024
SIEBENS, EVANN, ELIZABETH	COMMON SHAREHOLDER	C	yes	06/2020	Dec 14, 2020	Dec 19, 2024
SIEBENS, RHONDDA, MARIE	COMMON SHAREHOLDER	C	yes	06/2020	Dec 14, 2020	Dec 19, 2024
Siebens, William, Carter	COMMON SHAREHOLDER	C	yes	06/2020	Dec 14, 2020	Dec 19, 2024
THE MORRIS BELKIN FAMILY TRUST	COMMON SHAREHOLDER	E	yes	01/2007	Dec 8, 2016	Dec 19, 2024
BELKORP INDUSTRIES INC.	COMMON SHAREHOLDER	A	no	01/2007	Dec 8, 2016	Dec 19, 2024
CANDOR INVESTMENTS LTD	COMMON SHAREHOLDER	A	no	03/1996	Dec 8, 2016	Dec 19, 2024
GODIN, ISABELLE, MARIE, COLETTE	CHIEF COMPLIANCE OFFICER AND CHIEF FINANCIAL OFFICER	Na	no	10/2017	Dec 12, 2017	Dec 19, 2024

Affiliates (Item 7.A)

as filed on Item 7.A; a related person with a CRD on the graph links to its own page

Related person	Type	Class on the graph	Its RAUM	Control	Common control	State
LETKO BROSSEAU INVESTMENT MANAGEMENT INC.	n/a	n/a	n/a	Y	yes	n/a

Offices

Schedule D 1.F offices beyond the principal office; street addresses are not published

City	State	Country	Employees	Also broker-dealer
TORONTO, ONTARIO	n/a	Canada	10	no
Calgary	n/a	Canada	1	no

Regulatory AUM by fiscal year

annual amendments (and the roster's annual snapshot) as filed; where a year was amended twice the later filing draws the line

Fiscal year	Filed	RAUM	Discretionary	Employees	Advisory staff	Offices	Private funds	Fund GAV
2024	Dec 18, 2024	$17B	$17B	76	38	2	7	$1.6B
2023	Dec 19, 2023	$15B	$15B	70	38	2	5	$795M
2022	Dec 20, 2022	$14B	$14B	69	42	2	4	$644M
2021	Dec 13, 2021	$18B	$18B	63	39	2	4	$768M
2020	Dec 14, 2020	$14B	$14B	58	38	2	4	$826M
2019	Dec 5, 2019	$21B	$21B	55	37	2	4	$1.0B
2018	Dec 14, 2018	$23B	$23B	59	38	2	4	$1.1B
2017	Dec 12, 2017	$24B	$24B	50	34	2	4	$1.1B
2016	Dec 8, 2016	$22B	$22B	46	31	n/a	4	$977M
2015	Dec 18, 2015	$91.3M	$91.3M	3	2	n/a	n/a	n/a
2014	Dec 11, 2014	$103M	$103M	3	2	n/a	n/a	n/a
2013	Dec 13, 2013	$101M	$101M	3	2	n/a	n/a	n/a
2012	Dec 14, 2012	$81.1M	$81.1M	3	2	n/a	n/a	n/a
2011	Dec 22, 2011	$76.4M	$76.4M	n/a	n/a	n/a	n/a	n/a

Advisor flows

derived: registrations beginning and ending at this CRD on IAPD, bulk corporate re-registrations excluded; the rate is departures over IAPD headcount

Joined, 12m	Left, 12m	Net, 12m	Departure rate, 12m	Joined, 90d	Left, 90d	Left, no destination yet	Joined, 36m	Left, 36m
0	0	0	0.0%	0	0	0	0	0

Growth

derived from consecutive annual filings; RAUM as reported

Latest fiscal year	RAUM	A year earlier	1y change	Three years earlier	3y CAGR	Employees	A year earlier	Offices	A year earlier
2024	$19B	$15B	22.6%	$18B	2.1%	75	70	2	2

Relationships

Advises (7)

→ LETKO BROSSEAU EQUITY FUNDPrivate fundOther Private Fund, IA
Dec 18, 2024 to presentfactForm ADV
→ LETKO BROSSEAU RSP EQUITY FUNDPrivate fundOther Private Fund, IA
May 6, 2016 to presentfactForm ADV
→ LETKO BROSSEAU RSP BOND FUNDPrivate fundOther Private Fund, IA
May 6, 2016 to presentfactForm ADV
→ LETKO BROSSEAU ESG FOSSIL FUEL FREE GLOBAL EQUITY FUND (US), A SERIES OF LETKO BROSSEAU US FUNDS LPPrivate fundOther Private Fund, IA
Dec 19, 2023 to presentfactForm ADV
→ LETKO BROSSEAU RSP BALANCED FUNDPrivate fundOther Private Fund, IA
May 6, 2016 to presentfactForm ADV
→ LETKO BROSSEAU EMERGING MARKETS EQUITY FUND (US), A SERIES OF LETKO BROSSEAU US FUNDS LPPrivate fundOther Private Fund, IA
Dec 18, 2024 to presentfactForm ADV
→ LETKO BROSSEAU EQUITY FUND - GLOBAL INVESTORSPrivate fundOther Private Fund, IA
May 6, 2016 to presentfactForm ADV

Registered with (1)

← Brian John BedernyakAdvisorregistration: current employment
May 7, 2024 to presentfactForm ADV

Controls (14)

← LETKO, PETEROwnerCOMMON SHAREHOLDER, ownership code E, individual
Dec 22, 2011 to Dec 19, 2024factForm ADV
← BELKIN, ALTON, STUARTOwnerTRUSTEE, ownership code C, individual
Dec 8, 2016 to Dec 19, 2024factForm ADV
← JEWELL, DONALD, GORDONOwnerTRUSTEE, ownership code C, individual
Dec 8, 2016 to Dec 19, 2024factForm ADV
← Birks, Thomas, MasseyOwnerCHAIRMAN OF THE BOARD OF DIRECTORS, ownership code NA, individual
Aug 2, 2017 to Dec 19, 2024factForm ADV
← MARIEN, ROBERT, JOSEPHOwnerDIRECTOR, ownership code NA, individual
Aug 2, 2017 to Dec 19, 2024factForm ADV
← LINDSAY, THOMAS, DOUGLASOwnerTRUSTEE, ownership code C, individual
Dec 5, 2019 to Dec 19, 2024factForm ADV
← Siebens, William, CarterOwnerCOMMON SHAREHOLDER, ownership code C, individual
Dec 14, 2020 to Dec 19, 2024factForm ADV
← SIEBENS, RHONDDA, MARIEOwnerCOMMON SHAREHOLDER, ownership code C, individual
Dec 14, 2020 to Dec 19, 2024factForm ADV
← SIEBENS, EVANN, ELIZABETHOwnerCOMMON SHAREHOLDER, ownership code C, individual
Dec 14, 2020 to Dec 19, 2024factForm ADV
← Gattuso, JeanOwnerDIRECTOR, ownership code NA, individual
Dec 19, 2023 to Dec 19, 2024factForm ADV
← Baroux-Francisci, Nathalie, ClaudeOwnerDIRECTOR, ownership code NA, individual
Dec 19, 2023 to Dec 19, 2024factForm ADV
← 4554353 CANADA INC.OwnerCOMMON SHAREHOLDER, ownership code C, foreign entity
Dec 18, 2015 to Dec 19, 2024factForm ADV
← 4554361 CANADA INC.OwnerCOMMON SHAREHOLDER, ownership code C, foreign entity
Dec 18, 2015 to Dec 19, 2024factForm ADV
← THE MORRIS BELKIN FAMILY TRUSTOwnerCOMMON SHAREHOLDER, ownership code E, foreign entity
Dec 8, 2016 to Dec 19, 2024factForm ADV

Owns (3)

← GODIN, ISABELLE, MARIE, COLETTEOwnerCHIEF COMPLIANCE OFFICER AND CHIEF FINANCIAL OFFICER, ownership code NA, individual
Dec 12, 2017 to Dec 19, 2024factForm ADV
← BELKORP INDUSTRIES INC.OwnerCOMMON SHAREHOLDER, ownership code A, foreign entity
Dec 8, 2016 to Dec 19, 2024factForm ADV
← CANDOR INVESTMENTS LTDOwnerCOMMON SHAREHOLDER, ownership code A, foreign entity
Dec 8, 2016 to Dec 19, 2024factForm ADV

Dated events

Occurred
Feb 5, 2024
Control person left
Daniel Brosseau (Executive Officer) no longer on Schedule A of Letko, Brosseau & Associates Inc. (listed 2023-12-21, absent 2024-02-05)
Form ADVobserved 4 days ago
Occurred
Dec 19, 2023
Control person joined
Jean Gattuso (Director) appeared on Schedule A of Letko, Brosseau & Associates Inc.
Form ADVobserved 4 days ago
Occurred
Dec 19, 2023
Control person joined
Claude Nathalie Baroux-Francisci (Director) appeared on Schedule A of Letko, Brosseau & Associates Inc.
Form ADVobserved 4 days ago
Occurred
Dec 14, 2020
Regulatory AUM changed
Letko, Brosseau & Associates Inc. reported RAUM $14.2B, down 31% from $20.5B (2020-06-30 to 2020-12-14)
Form ADVobserved 4 days ago
$-6.3B
Occurred
Dec 14, 2020
Control person left
W. William Siebens (Common Shareholder) no longer on Schedule A of Letko, Brosseau & Associates Inc. (listed 2020-06-30, absent 2020-12-14)
Form ADVobserved 4 days ago
Occurred
Dec 14, 2020
Control person joined
Carter William Siebens (Common Shareholder) appeared on Schedule A of Letko, Brosseau & Associates Inc.
Form ADVobserved 4 days ago
Occurred
Dec 14, 2020
Control person joined
Rhondda Siebens (Common Shareholder) appeared on Schedule A of Letko, Brosseau & Associates Inc.
Form ADVobserved 4 days ago
Occurred
Dec 14, 2020
Control person joined
Evann Siebens (Common Shareholder) appeared on Schedule A of Letko, Brosseau & Associates Inc.
Form ADVobserved 4 days ago
Occurred
Dec 5, 2019
Control person joined
D. Thomas Lindsay (Trustee) appeared on Schedule A of Letko, Brosseau & Associates Inc.
Form ADVobserved 4 days ago
Occurred
Dec 5, 2019
Control person left
C.R. Laurence Peers (Trustee) no longer on Schedule A of Letko, Brosseau & Associates Inc. (listed 2019-06-06, absent 2019-12-05)
Form ADVobserved 4 days ago
Occurred
May 6, 2016
Succession filed (Item 4)
Letko Brosseau Investment Management reported succeeding to the business of Another Adviser (Form ADV Item 4)
Form ADVobserved 4 days ago

Provenance

Graph: RIA / Wealth Management
Canonical id: dfx:ria:8528224e-e477-e3dc-7c1c-3178582a74b2
First observed: Dec 22, 2011
Last observed: Dec 22, 2025 9 months ago
Source families: Federal regulator filings
3 registered feeds stand behind this record; each fact above carries its own dates and, where the publisher serves one, its document.
Resolution: Identity across graphs by shared identifier (CRD, CIK, EIN, ADV fund id, individual CRD) or citation; a name match is shown as a candidate and never merged.

LETKO, BROSSEAU & ASSOCIATES INC.

CRD 133221

MONTREAL, QUEBEC

This is the graph view. The full profile, with its team, deals and sources, is on RIA / Wealth Management.Open the full profile →

Search this name across graphsid dfx:ria:8528224e-e477-e3dc-7c1c-3178582a74b2

Data as of Dec 22, 2025 (this record's last observation) from federal regulator filings. Page built Sep 19, 2026, 6:55 PM UTC and rebuilt at most every 15 minutes.

Advisor

Designations

Branch

Years here

In industry

Prior firms

Dual registered

Brian John Bedernyak

Chartered Financial Analyst

MONTREAL, QUEBEC

n/a

Fund

Type

Reported GAV

As of

Owners

First reported

Status

Form D file

LETKO BROSSEAU EQUITY FUND

Other Private Fund

$665M

Dec 19, 2024

766

Dec 18, 2024

reported

021-516418

LETKO BROSSEAU RSP EQUITY FUND

Other Private Fund

$532M

Dec 19, 2024

490

May 6, 2016

reported

021-236820

LETKO BROSSEAU RSP BALANCED FUND

Other Private Fund

$328M

Dec 19, 2024

680

May 6, 2016

reported

021-228733

LETKO BROSSEAU EMERGING MARKETS EQUITY FUND (US), A SERIES OF LETKO BROSSEAU US FUNDS LP

Other Private Fund

$41.4M

Dec 19, 2024

Dec 18, 2024

reported

021-479989

LETKO BROSSEAU RSP BOND FUND

Other Private Fund

$36.5M

Dec 19, 2024

May 6, 2016

reported

021-228732

LETKO BROSSEAU ESG FOSSIL FUEL FREE GLOBAL EQUITY FUND (US), A SERIES OF LETKO BROSSEAU US FUNDS LP

Other Private Fund

$22.1M

Dec 19, 2024

Dec 19, 2023

reported

021-464592

LETKO BROSSEAU EQUITY FUND - GLOBAL INVESTORS

Other Private Fund

$6.9M

Dec 19, 2024

May 6, 2016

reported

n/a

Owner

Title

Ownership code

Control person

Acquired

First seen

Last seen

4554353 CANADA INC.

COMMON SHAREHOLDER

yes

03/2010

Dec 18, 2015

Dec 19, 2024

4554361 CANADA INC.

COMMON SHAREHOLDER

yes

03/2010

Dec 18, 2015

Dec 19, 2024

Baroux-Francisci, Nathalie, Claude

Director

yes

12/2022

Dec 19, 2023

Dec 19, 2024

BELKIN, ALTON, STUART

Trustee

yes

01/2007

Dec 8, 2016

Dec 19, 2024

Birks, Thomas, Massey

CHAIRMAN OF THE BOARD OF DIRECTORS

yes

05/2017

Aug 2, 2017

Dec 19, 2024

Gattuso, Jean

Director

yes

12/2022

Dec 19, 2023

Dec 19, 2024

JEWELL, DONALD, GORDON

Trustee

yes

01/2007

Dec 8, 2016

Dec 19, 2024

LETKO, PETER

COMMON SHAREHOLDER

yes

03/2010

Dec 22, 2011

Dec 19, 2024

LINDSAY, THOMAS, DOUGLAS

Trustee

yes

02/2019

Dec 5, 2019

Dec 19, 2024

MARIEN, ROBERT, JOSEPH

Director

yes

05/2017

Aug 2, 2017

Dec 19, 2024

SIEBENS, EVANN, ELIZABETH

COMMON SHAREHOLDER

yes

06/2020

Dec 14, 2020

Dec 19, 2024

SIEBENS, RHONDDA, MARIE

COMMON SHAREHOLDER

yes

06/2020

Dec 14, 2020

Dec 19, 2024

Siebens, William, Carter

COMMON SHAREHOLDER

yes

06/2020

Dec 14, 2020

Dec 19, 2024

THE MORRIS BELKIN FAMILY TRUST

COMMON SHAREHOLDER

yes

01/2007

Dec 8, 2016

Dec 19, 2024

BELKORP INDUSTRIES INC.

COMMON SHAREHOLDER

01/2007

Dec 8, 2016

Dec 19, 2024

CANDOR INVESTMENTS LTD

COMMON SHAREHOLDER

03/1996

Dec 8, 2016

Dec 19, 2024

GODIN, ISABELLE, MARIE, COLETTE

CHIEF COMPLIANCE OFFICER AND CHIEF FINANCIAL OFFICER

10/2017

Dec 12, 2017

Dec 19, 2024

Related person

Type

Class on the graph

Its RAUM

Control

Common control

State

LETKO BROSSEAU INVESTMENT MANAGEMENT INC.

n/a

yes

n/a

City

State

Country

Employees

Also broker-dealer

TORONTO, ONTARIO

n/a

Canada

Calgary

n/a

Canada

Fiscal year

Filed

RAUM

Discretionary

Employees

Advisory staff

Offices

Private funds

Fund GAV

2024

Dec 18, 2024

$17B

$1.6B

2023

Dec 19, 2023

$15B

$795M

2022

Dec 20, 2022

$14B

$644M

2021

Dec 13, 2021

$18B

$768M

2020

Dec 14, 2020

$14B

$826M

2019

Dec 5, 2019

$21B

$1.0B

2018

Dec 14, 2018

$23B

$1.1B

2017

Dec 12, 2017

$24B

$1.1B

2016

Dec 8, 2016

$22B

n/a

$977M

2015

Dec 18, 2015

$91.3M

n/a

2014

Dec 11, 2014

$103M

n/a

2013

Dec 13, 2013

$101M

n/a

2012

Dec 14, 2012

$81.1M

n/a

2011

Dec 22, 2011

$76.4M

n/a

Joined, 12m

Left, 12m

Net, 12m

Departure rate, 12m

Joined, 90d

Left, 90d

Left, no destination yet

Joined, 36m

Left, 36m

0.0%

Latest fiscal year

RAUM

A year earlier

1y change

Three years earlier

3y CAGR

Employees

A year earlier

Offices

A year earlier

2024

$19B

$15B

22.6%

$18B

2.1%