DFX Intelligence
RIA Intelligence
Registered investment advisers, the advisors registered through them, the capital they report, the private vehicles they run and the people who own them, as a graph with a filing date behind every number. RAUM is what the adviser filed, a move is two registration dates, and a class is a rule you can read.
SEC-registered adviser
Burgundy Asset Management Ltd.
Latest filing Jan 28, 2026
First filing on the tape Mar 29, 2012 · 41 filings
SEC status approved since Aug 31, 2001
RAUM
$19B
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
53%
$10B individuals and HNW
Advisors
1
registered through the firm on IAPD
RAUM per advisor
$19B
derived; firm RAUM over IAPD count
Employees
140
49 advisory (5.B.1)
Offices
2
beyond the principal office
Private funds
5
reported on Schedule D
History
41 filings and snapshots on the tape
RAUM$19B as of Jan 28, 2026
Sep 27, 2012$10B then
HNW client RAUM$9.6B as of Jan 28, 2026
Sep 28, 2018$6.6B then
State-registered IARs (5.B.3)0 as of Jan 28, 2026
Sep 27, 20120 then
Employees (5.A)140 as of Jan 28, 2026
Sep 26, 201399 then
Private funds5 as of Jan 28, 2026
Sep 27, 20126 then
RAUM -3.5% over the last fiscal year+1.5% a year over threeIARs 0 to 0
Practice profile
derived from the filing of Jan 28, 2026; every figure names its basis
Archetypes, each a printed rule
- Dual wealth and asset manager · private-client share 20 to 60 percent and fund or institutional share at least 30 percent
- RIA with heavy alternatives · a wealth manager whose private fund gross assets are at least 25 percent of RAUM, or five or more private funds
- RIA with private funds · a wealth manager (private-client share at least 50 percent) that reports at least one private fund on Schedule D 7.B.(1)
- Solo or small team · one advisor, or a wealth manager with up to three advisors and one office
- RAUM per advisor
- $19BderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 3,006derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $6.1MderivedHNW RAUM over HNW clients
- Average account
- $5.7MderivedRAUM over accounts (5.F.2.f)
- Discretionary
- 100%derivedof RAUM
- Institutional
- 31%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 140.0derivedItem 5.A over advisors
- Advisors per office
- 0.3derived3 offices incl. principal (1.F.5)
- RAUM growth, one year
- -3.5%derivedbetween the last two annual amendments
- Advisor growth, one year
- unknownderivedItem 5.B.3 between annual amendments
- Client growth, one year
- +3.5%derived
- Compensation
- percentage of assets, performance-basedreportedItem 5.E
- Advisory activities
- portfolio management for individuals, portfolio management for businesses and institutions, portfolio management for pooled vehiclesreportedItem 5.G
- Custody
- $1.4B, 5 clientsreportedItem 9.A
- Ownership
- no PE, bank or public-company owner found on Schedule Aderived
- Advisor book size
- not public; not estimatedreported
Also answered yes on Form ADV
- buys or sells securities as principal to or from clients (8.A.2)
- has discretionary authority over which securities are bought or sold (8.C.1)
- has custody of client cash or bank accounts (9.A.1.a)
- has custody of client securities (9.A.1.b)
- an independent public accountant performs a surprise examination (9.C.1)
- marketing includes testimonials (5.L.1.c)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- High-net-worth individuals$9.6B50%
- Pension and profit-sharing plans$3.4B18%
- Charitable organizations$2.4B13%
- Pooled investment vehicles$1.4B7.1%
- Other investment advisers$889M4.7%
- Corporations and businesses$770M4.0%
- Individuals$522M2.7%
- Insurance companies$156M0.8%
- Individual clients
- 1,423reported
- HNW clients
- 1,583reported
- Pension plan clients
- 70reported
- Charitable clients
- 221reported
- Accounts
- 3,335reported
- Financial planning clients
- reported
- Wrap fee programs
- noreported
- Custody of client assets
- $1.4B for 5 clientsreported
- Compensation
- % of AUM, performancereported
- Class basis
- private_client_share=0.53 fund_share=0.12 institutional_share=0.31 related_bd=true related_bank=true bd_reps=0.0 bank_owner=falsederived
Advisors registered through the firm
1 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| Kyle Coatsworth | Toronto, Ontario | Nov 7, 2025 | 10 y | 0 |
Advisor movement
0 left, 0 joined in 12 months
net 0 in 12 months0 left in 90 days0 joined in 90 daysdeparture rate 0.0% of current headcount0 left over 36 months
Left, latest
none on the tape
Joined, latest
none on the tape
Private funds
8 reported on Schedule D 7.B.(1)
| Fund | Type | Gross assets | Owners | First reported |
|---|---|---|---|---|
| Burgundy Funds, Dst - Smaller Companies Portfolio | Other Private Fund | $876M | 115 | Mar 29, 2012 |
| Bbh Burgundy Emerging Markets Master Fund, L.P.no longer reported | Other Private Fund | $374M | 718 | Sep 28, 2016 |
| Burgundy Funds, Dst - Global Equity Portfolio | Other Private Fund | $188M | 17 | Mar 29, 2012 |
| Burgundy Funds, Dst Small/Mid Cap Portfolio | Other Private Fund | $147M | 26 | Mar 29, 2012 |
| Burgundy Funds, Dst - Emerging Markets Portfolio | Other Private Fund | $94.5M | 4 | Mar 29, 2012 |
| Burgundy Funds, Dst-Eafe Portfolio | Other Private Fund | $80.6M | 11 | Mar 29, 2012 |
| Burgundy Funds, Dst - Focus Asian Equity Portfoliono longer reported | Other Private Fund | $31.5M | 6 | Mar 31, 2016 |
| Burgundy Funds, Dst-Global Focused Opportunities Portfoliono longer reported | Other Private Fund | $0 | 0 | Mar 29, 2012 |
Owners and control persons
Schedule A and B, latest filing
- Hugh Anthony Arrell · Chairman, Director And Shareholdercontrolsince 01/1993 · owns less than 5%
- Steve Boutin · Senior Vice President, Director And Shareholdercontrolsince 07/2020 · owns less than 5%
- Kenneth Broekaert · Senior Vice President, Director And Shareholdercontrolsince 05/2012 · owns less than 5%
- Julie Cordeiro · Officer And Senior Vice President, Chief Administrative Officercontrolsince 01/2019 · owns less than 5%
- Anne-Mette De Place Filippini · Senior Vice President, Chief Investment Officer, Director And Shareholdercontrolsince 06/2018 · owns less than 5%
- Jennifer Dunsdon · Senior Vice-President, Director And Shareholdercontrolsince 01/2019 · owns less than 5%
- Andrew Iu · Officer And Chief Investment Officercontrolsince 12/2025 · owns less than 5%
- Dwaine Craig Pho · Senior Vice President, Director And Shareholdercontrolsince 05/2012 · owns less than 5%
- Elgin Richard Rooney · Vice Chair And Directorcontrolsince 02/1995 · owns less than 5%
- Gareth Robert Sankey · Director And Officer, Chief Executive Officercontrolsince 01/2019 · owns less than 5%
- David Vanderwood · Senior Vice President, Director And Shareholdercontrolsince 06/2003 · owns less than 5%
- Hugh Anthony Arrell · President And Sole Directorcontrolsince 03/1979 · owns 50% to 75% of Laucam Holdings Limited
- Bill Bamber · Directorsince 11/2025 · owns less than 5%
- Kevin Barnes · Directorsince 11/2025 · owns less than 5%
- Kyle Coatsworth · Vice President, Head Of Institutional And Directorsince 06/2023 · owns less than 5%
- Amanda Custodio · Directorsince 11/2025 · owns less than 5%
- Helmut Mark Keil · Officer And Vice President, Chief Financial Officersince 07/2021 · owns less than 5%
- Karen Mintz · Officer And Vice President, Chief Compliance Officer & Associate General Counselsince 06/2022 · owns less than 5%
- Rohit Thomas · Directorsince 11/2025 · owns less than 5%
Entity owners
- 1000532722 Ontario Inc. · Shareholderdirect · owns less than 5%
- 1001271606 Ontario Inc. · Ownerdirect · owns 75% or more
- 2461671 Ontario Inc. · Shareholderdirect · owns less than 5%
- Laucam Holdings Limited · Shareholderdirect · owns 50% to 75%
Related persons
Schedule D 7.A
No related person reported.
Offices
Schedule D 1.F, the 25 largest
- Montreal, Quebec, Canada3 employees
- Vancouver, Bc, Canada3 employees
ADV anomalies
11 against comparable advisers; where to look, not conclusions
- affiliate changedChange between filings · filing Jan 28, 2026bank affiliate (Item 7.A.6): no on the filing of 2025-11-25, yes on the filing of 2026-01-28peers: independent wealth managers, $5B to $20B (289)
- affiliate changedChange between filings · filing Jan 28, 2026broker-dealer affiliate (Item 7.A.1): no on the filing of 2025-11-25, yes on the filing of 2026-01-28peers: independent wealth managers, $5B to $20B (289)
- control person changedChange between filings · filing Jan 28, 2026IU, ANDREW (OFFICER AND CHIEF INVESTMENT OFFICER) appeared on Schedule A between the filings of 2023-09-28 and 2026-01-28peers: independent wealth managers, $5B to $20B (289)
- control person changedChange between filings · filing Jan 28, 2026ARRELL, ANTHONY, HUGH (PRESIDENT AND SOLE DIRECTOR) left Schedule A between the filings of 2023-09-28 and 2026-01-28peers: independent wealth managers, $5B to $20B (289)
- control person changedChange between filings · filing Jan 28, 2026ROONEY, RICHARD, ELGIN (VICE CHAIR AND DIRECTOR) left Schedule A between the filings of 2023-09-28 and 2026-01-28peers: independent wealth managers, $5B to $20B (289)
- control person changedChange between filings · filing Jan 28, 2026BOUTIN, STEVE (SENIOR VICE PRESIDENT, DIRECTOR AND SHAREHOLDER) left Schedule A between the filings of 2023-09-28 and 2026-01-28peers: independent wealth managers, $5B to $20B (289)
- control person changedChange between filings · filing Jan 28, 2026VANDERWOOD, DAVID (SENIOR VICE PRESIDENT, DIRECTOR AND SHAREHOLDER) left Schedule A between the filings of 2023-09-28 and 2026-01-28peers: independent wealth managers, $5B to $20B (289)
- control person changedChange between filings · filing Jan 28, 2026PHO, CRAIG, DWAINE (SENIOR VICE PRESIDENT, DIRECTOR AND SHAREHOLDER) left Schedule A between the filings of 2023-09-28 and 2026-01-28peers: independent wealth managers, $5B to $20B (289)
- control person changedChange between filings · filing Jan 28, 2026BROEKAERT, KENNETH (SENIOR VICE PRESIDENT, DIRECTOR AND SHAREHOLDER) left Schedule A between the filings of 2023-09-28 and 2026-01-28peers: independent wealth managers, $5B to $20B (289)
- control person changedChange between filings · filing Jan 28, 2026DE PLACE FILIPPINI, ANNE-METTE (SENIOR VICE PRESIDENT, CHIEF INVESTMENT OFFICER, DIRECTOR AND SHAREHOLDER) left Schedule A between the filings of 2023-09-28 and 2026-01-28peers: independent wealth managers, $5B to $20B (289)
- control person changedChange between filings · filing Jan 28, 2026DUNSDON, JENNIFER (SENIOR VICE-PRESIDENT, DIRECTOR AND SHAREHOLDER) left Schedule A between the filings of 2023-09-28 and 2026-01-28peers: independent wealth managers, $5B to $20B (289)
What changed
consecutive filings, newest first
- Accounts · 3,352 to 3,335Nov 25, 2025 to Jan 28, 2026
- Advisory employees · 56 to 49Nov 25, 2025 to Jan 28, 2026
- Charity clients · 224 to 221Nov 25, 2025 to Jan 28, 2026
- Corporate clients · 29 to 28Nov 25, 2025 to Jan 28, 2026
- HNW clients · 1,594 to 1,583Nov 25, 2025 to Jan 28, 2026
- Individual clients · 1,419 to 1,423Nov 25, 2025 to Jan 28, 2026
- Pension plan clients · 76 to 70Nov 25, 2025 to Jan 28, 2026
- Assets in custody · $1.4B to $1.4BNov 25, 2025 to Jan 28, 2026
- Employees · 146 to 140Nov 25, 2025 to Jan 28, 2026
- Discretionary RAUM · $21B to $19BNov 25, 2025 to Jan 28, 2026
- HNW RAUM · $9.6B to $9.6BNov 25, 2025 to Jan 28, 2026
- Individual RAUM · $527M to $522MNov 25, 2025 to Jan 28, 2026
- Pension RAUM · $3.7B to $3.4BNov 25, 2025 to Jan 28, 2026
- Pooled vehicle RAUM · $1.4B to $1.4BNov 25, 2025 to Jan 28, 2026
- RAUM · $21B to $19BNov 25, 2025 to Jan 28, 2026
- Related adviser · false to trueNov 25, 2025 to Jan 28, 2026
- Related bank · false to trueNov 25, 2025 to Jan 28, 2026
- Related broker-dealer · false to trueNov 25, 2025 to Jan 28, 2026
- Accounts · 3,240 to 3,352Sep 13, 2024 to Nov 25, 2025
- Advisory employees · 53 to 56Sep 13, 2024 to Nov 25, 2025
- Charity clients · 216 to 224Sep 13, 2024 to Nov 25, 2025
- Corporate clients · 26 to 29Sep 13, 2024 to Nov 25, 2025
- HNW clients · 1,460 to 1,594Sep 13, 2024 to Nov 25, 2025
- Individual clients · 1,443 to 1,419Sep 13, 2024 to Nov 25, 2025
- Pension plan clients · 82 to 76Sep 13, 2024 to Nov 25, 2025
- Pooled vehicle clients · 6 to 5Sep 13, 2024 to Nov 25, 2025
- Assets in custody · $1.2B to $1.4BSep 13, 2024 to Nov 25, 2025
- Employees · 151 to 146Sep 13, 2024 to Nov 25, 2025
- Financial planning clients · unset to Sep 13, 2024 to Nov 25, 2025
- HQ state · unset to Sep 13, 2024 to Nov 25, 2025
- Private funds · 6 to 5Sep 13, 2024 to Nov 25, 2025
- Discretionary RAUM · $20B to $21BSep 13, 2024 to Nov 25, 2025
- HNW RAUM · $8.3B to $9.6BSep 13, 2024 to Nov 25, 2025
- Individual RAUM · $547M to $527MSep 13, 2024 to Nov 25, 2025
- Pension RAUM · $4.4B to $3.7BSep 13, 2024 to Nov 25, 2025
- Pooled vehicle RAUM · $1.2B to $1.4BSep 13, 2024 to Nov 25, 2025
- RAUM · $20B to $21BSep 13, 2024 to Nov 25, 2025
- Accounts · 3,195 to 3,240Apr 3, 2024 to Sep 13, 2024
- Advisory employees · 54 to 53Apr 3, 2024 to Sep 13, 2024
- Charity clients · 208 to 216Apr 3, 2024 to Sep 13, 2024
Signals
3 dated events
- Damon Allan Macdonald (Senior Vice President, Director And Shareholder) no longer on Schedule A of Burgundy Asset Management Ltd. (listed 2021-12-01, absent 2022-09-22)Sep 22, 2022 · Control person left · inference
- Cathy Hui Chun Lin (Chief Compliance Officer And Shareholder) no longer on Schedule A of Burgundy Asset Management Ltd. (listed 2021-09-30, absent 2021-12-01)Dec 1, 2021 · Control person left · inference
- Diamond Fayaz Suleman (Vice President, Chief Financial Officer & Head Of Operations, And Shareholder) no longer on Schedule A of Burgundy Asset Management Ltd. (listed 2020-09-28, absent 2021-09-28)Sep 28, 2021 · Control person left · inference
Across DFX
shared identifiers only, never a name match
No identifier-backed link to the venture, private equity, family office or sponsor graphs.
How to reach
public business contact points only, each with its source
- Business phone
- 416-869-1700reportedpublished by the firm, firm site, Sep 15, 2026
- Business phone
- 416-869-3222reportedpublished by the firm, firm site, Sep 15, 2026
- Business phone
- 514-844-7797reportedpublished by the firm, firm site, Sep 15, 2026
- Firm profile
- linkedin.com/company/burgundy-asset-managementreportedpublic record, Form ADV, Sep 18, 2026
- Website
- burgundyasset.comreportedpublic record, Form ADV, Sep 18, 2026
- Principal office phone
- (416) 869-3222reportedpublic record, Form ADV, Jan 28, 2026
- Contact form
- burgundyasset.com/contact-usreportedpublished by the firm, firm site, Sep 15, 2026
- Team page
- burgundyasset.com/our-teamreportedpublished by the firm, firm site, Sep 15, 2026
Provenance
- Form ADV
- SEC filing data 2011 to 2024 and the monthly roster 2025 onreportedadviserinfo.sec.gov
- Advisors
- IAPD individual compilation feed, dailyreportedadviserinfo.sec.gov
- Class
- Independent wealth managerderiveda rule over Items 5.D and 7.A
- RAUM per advisor
- $19Bderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026