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RIA Intelligence

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V•• B••••• A•• A••••••••• I•••

Institutional managerSEC-registered· Montreal, Quebecwebsite

Institutional manager, based in Montreal, Quebec, reporting $3.8B of regulatory assets.

Composed from this adviser's Form ADV classification, location and filed figures.

Regulatory AUM
$3.8B
Form ADV
Advisors
0
IAPD
RAUM change, 1 year
+21%
Form ADV, consecutive annual filings
Private clients
0.4%
of RAUM, $15.4M
Form ADV
See where advisers wentSee teams that moved
More
AdvisorsWhere the RAUM sits
As of · the latest Form ADV filing; advisor counts and movement are read from IAPD daily

What matters now

  1. +20.5%
    RAUM, one year

    RAUM $3.15B to $3.8B (+20.5%) on the Form ADV filed 25 May 2026.

    The one filed measure of whether clients are staying.

    FactForm ADV Item 5History →
Every filed figure, and the identifiersCRD 128221 · SEC 801-62340 · 30 filingsShow
CRD 128221SEC 801-62340First filing on the tape Jan 9, 2012, latest May 25, 2026SEC status approved since Sep 4, 2003IAPD
RAUM
$3.8B
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
0.4%
$15.4M individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
Not computed
derived; firm RAUM over IAPD count
Employees
33
17 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
30 filings and snapshots on the tape

RAUM -6.3% a year over three years · the tape starts Jan 9, 2012

RAUM, HNW assets, advisors, employees and funds over time5 seriesShow
RAUM$3.8B as of May 25, 2026
Aug 20, 2012$1.7B then
HNW client RAUM$15.4M as of May 25, 2026
Oct 13, 2017$742,046 then
State-registered IARs (5.B.3)0 as of May 25, 2026
Oct 3, 20130 then
Employees (5.A)33 as of May 25, 2026
Oct 3, 201315 then
Private funds: no history
RAUM +21% over the last fiscal year-6.3% a year over threeIARs 0 to 0
Practice profile
derived from the filing of May 25, 2026; every figure names its basis
Archetypes
The rule behind each archetype, and every derived figure1 ruleShow
  • Institutional asset manager · institutional share (pensions, government, insurance, corporations, charities, banks, other advisers) at least 60 percent and private-client share under 20 percent
RAUM per advisor
unknownderivedRAUM over IAPD advisors; not a book size
Clients per advisor
unknownderivedindividual and HNW clients (5.D) over advisors
Average HNW client
unknownderivedHNW RAUM over HNW clients
Average account
$84.4MderivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
95%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
unknownderivedItem 5.A over advisors
Advisors per office
unknownderived1 office incl. principal (1.F.5)
RAUM growth, one year
+29%derivedbetween the last two annual amendments
Advisor growth, one year
unknownderivedItem 5.B.3 between annual amendments
Client growth, one year
unknownderived
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
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)
  • compensates persons for client referrals (8.G.1)
  • compensates non-employees for client referrals (8.G.2)
  • marketing includes hypothetical performance (5.L.3)
Where the RAUM sits
Form ADV Item 5.D, latest filing

63% state and municipal entities, 20% pension and profit-sharing plans, and 4 other client types

The breakdown by client type, and the client counts6 client typesShow
  • State and municipal entities$2.3B63%
  • Pension and profit-sharing plans$714M20%
  • Charitable organizations$390M11%
  • Insurance companies$176M4.8%
  • Pooled investment vehicles$43.4M1.2%
  • High-net-worth individuals$15.4M0.4%
Individual clients
n/areported
HNW clients
n/areported
Pension plan clients
14reported
Charitable clients
9reported
Accounts
45reported
Financial planning clients
0reported
Wrap fee programs
noreported
Custody of client assets
noreported
Compensation
% of AUM, performancereported
Class basis
RAUM: 0% private clients, 1% pooled funds, 95% institutions; no related broker-dealer; no related bankderived
Advisor movement
Left, latest
none on the tape
    Joined, latest
    none on the tape
      Every departureEvery arrival
      Advisors registered through the firm
      0 on IAPD today; the longest tenured first
      No representative is registered through this CRD on IAPD.
      Private funds
      No private fund reported.
      Owners and control persons
      Schedule A and B, latest filing
      • S•••••• M•••••• · Partner, President, Senior Portfolio Manager, U.S. Small-Cap Equitiescontrol
        since 01/2021 · owns less than 5%
      • V•• B•••••• J••••••• S•••••••• · Founder & Partner, Chairman And Chief Executive Officer, Ultimate Designated Personcontrol
        since 01/2021 · owns less than 5%
      • G••••••• O••• · Presidentcontrol
        since 07/2020 · owns 75% or more of F••• L•••• I••••••••• I•••
      • A••• M••••••• A•••• · Partner & Senior Analyst, U.S. Small-Cap Equities
        since 03/2011 · owns less than 5%
      • B•••••••• P•••••••• G•••••• · Partner & Senior Portfolio Manager, Canadian Small-Cap Equities
        since 01/2021 · owns less than 5%
      All 15 control persons
      • C••••• J••••• · Partner, Senior Analyst, U.S. Small-Cap Equities
        since 03/2019 · owns less than 5%
      • G•••••• M•••••• · Partner, Senior Analyst, Global Equities
        since 05/2022 · owns less than 5%
      • H•••••• K•••• · Partner, Senior Analyst, Global Equities
        since 05/2022 · owns less than 5%
      • I••••• A•••••••• · Partner, Senior Analyst, U.S. Small-Cap Equities
        since 03/2019 · owns less than 5%
      • L••••••••• P••••• · Head Trader And Manager, Trading Department
        since 05/2022 · owns less than 5%
      • L••••••••• P•••••• · Partner, Chief Operating Officer
        since 05/2022 · owns less than 5%
      • L•••• Z••• · Partner, Senior Portfolio Manager, Global Equities
        since 03/2017 · owns 5% to 10%
      • R••••••••• M••••• · Partner, Senior Analyst, Canadian Small-Cap Equities
        since 05/2022 · owns less than 5%
      • V•• B•••••• G•••••••• · Secretary
        since 07/1991 · owns less than 5%
      • W•••••• F••••••• · Partner, Senior Analyst, Canadian Small-Cap Equities
        since 05/2022 · owns less than 5%
      Entity owners
      • 9•••••••• Q••••• I••• · Holding Company, Wholly-Owned By M•••••• S•••••
        direct · owns 10% to 25%
      • J••• I••••••••• I••• · Holding Company, Wholly-Owned By J S•••••••• Van B•••••
        direct · owns 10% to 25%
      • B••••••••• G•••••• · President
        indirect · owns 75% or more of S•••• O•• C•••••• I•••
      • S••••• M•••••• · President And Chief Executive Officer
        indirect · owns 75% or more of 9•••••••• Q••••• I•••
      • V•• B••••• J• S•••••••• · President And Chief Executive Officer
        indirect · owns 75% or more of J••• I••••••••• I•••
      All 7 entity owners
      • F••• L•••• I••••••••• I••• · Holding Company, Wholly-Owned By O••• G••••••
        direct · owns 10% to 25%
      • S•••• O•• C•••••• I••• · Holding Company, Wholly-Owned By G•••••• B•••••••••
        direct · owns 10% to 25%
      Related persons
      Schedule D 7.A
      • V•• B••••• G••••• D••••• L••••••
        investment advisern
      Offices
      Schedule D 1.F, the 25 largest
      No branch office listed.
      What changed
      consecutive filings, newest first
      • Accounts · 47 to 45
        Oct 16, 2024 to Oct 28, 2025
      • Advisory employees · 15 to 17
        Oct 16, 2024 to Oct 28, 2025
      • Charity clients · unset to 9.0
        Oct 16, 2024 to Oct 28, 2025
      • Pension plan clients · 18 to 14
        Oct 16, 2024 to Oct 28, 2025
      • Pooled vehicle clients · 2 to 5
        Oct 16, 2024 to Oct 28, 2025
      Full history · 80 changes
      • Employees · 31 to 33
        Oct 16, 2024 to Oct 28, 2025
      • Financial planning clients · 0 to 0
        Oct 16, 2024 to Oct 28, 2025
      • HQ state · unset to
        Oct 16, 2024 to Oct 28, 2025
      • Discretionary RAUM · $4.1B to $3.8B
        Oct 16, 2024 to Oct 28, 2025
      • HNW RAUM · $26.1M to $15.4M
        Oct 16, 2024 to Oct 28, 2025
      • Individual RAUM · unset to 0.0
        Oct 16, 2024 to Oct 28, 2025
      • Pension RAUM · $785M to $714M
        Oct 16, 2024 to Oct 28, 2025
      • Pooled vehicle RAUM · $9.9M to $43.4M
        Oct 16, 2024 to Oct 28, 2025
      • RAUM · $4.1B to $3.8B
        Oct 16, 2024 to Oct 28, 2025
      • Accounts · 49 to 47
        Mar 11, 2024 to Oct 16, 2024
      • Pension plan clients · 16 to 18
        Mar 11, 2024 to Oct 16, 2024
      • Pooled vehicle clients · 1 to 2
        Mar 11, 2024 to Oct 16, 2024
      • Discretionary RAUM · $3.2B to $4.1B
        Mar 11, 2024 to Oct 16, 2024
      • HNW RAUM · $23.6M to $26.1M
        Mar 11, 2024 to Oct 16, 2024
      • Pension RAUM · $816M to $785M
        Mar 11, 2024 to Oct 16, 2024
      • Pooled vehicle RAUM · $5.3M to $9.9M
        Mar 11, 2024 to Oct 16, 2024
      • RAUM · $3.2B to $4.1B
        Mar 11, 2024 to Oct 16, 2024
      • Accounts · 55 to 49
        Oct 27, 2022 to Oct 23, 2023
      • Advisory employees · 14 to 15
        Oct 27, 2022 to Oct 23, 2023
      • Employees · 28 to 31
        Oct 27, 2022 to Oct 23, 2023
      • Discretionary RAUM · $3.2B to $3.2B
        Oct 27, 2022 to Oct 23, 2023
      • HNW RAUM · $20.4M to $23.6M
        Oct 27, 2022 to Oct 23, 2023
      • Pension RAUM · $727M to $816M
        Oct 27, 2022 to Oct 23, 2023
      • Pooled vehicle RAUM · $4.4M to $5.3M
        Oct 27, 2022 to Oct 23, 2023
      • RAUM · $3.2B to $3.2B
        Oct 27, 2022 to Oct 23, 2023
      • Accounts · 53 to 55
        Oct 28, 2021 to Oct 27, 2022
      • Advisory activities · 2 to 3
        Oct 28, 2021 to Oct 27, 2022
      • Pooled vehicle clients · unset to 1.0
        Oct 28, 2021 to Oct 27, 2022
      • Employees · 22 to 28
        Oct 28, 2021 to Oct 27, 2022
      • Discretionary RAUM · $4.6B to $3.2B
        Oct 28, 2021 to Oct 27, 2022
      • HNW RAUM · $23.6M to $20.4M
        Oct 28, 2021 to Oct 27, 2022
      • Pension RAUM · $905M to $727M
        Oct 28, 2021 to Oct 27, 2022
      • Pooled vehicle RAUM · unset to 4439333.0
        Oct 28, 2021 to Oct 27, 2022
      • RAUM · $4.6B to $3.2B
        Oct 28, 2021 to Oct 27, 2022
      • Accounts · 52 to 53
        Jul 9, 2021 to Oct 28, 2021
      • Advisory employees · 15 to 14
        Jul 9, 2021 to Oct 28, 2021
      • Pension plan clients · 14 to 16
        Jul 9, 2021 to Oct 28, 2021
      • Discretionary RAUM · $4.5B to $4.6B
        Jul 9, 2021 to Oct 28, 2021
      • HNW RAUM · $22.5M to $23.6M
        Jul 9, 2021 to Oct 28, 2021
      • Pension RAUM · $759M to $905M
        Jul 9, 2021 to Oct 28, 2021
      • RAUM · $4.5B to $4.6B
        Jul 9, 2021 to Oct 28, 2021
      • Advisory employees · 13 to 15
        Oct 9, 2019 to Oct 23, 2020
      • Charity clients · 6.0 to unset
        Oct 9, 2019 to Oct 23, 2020
      • Pension plan clients · 12 to 14
        Oct 9, 2019 to Oct 23, 2020
      • Employees · 17 to 22
        Oct 9, 2019 to Oct 23, 2020
      • Discretionary RAUM · $5.0B to $4.5B
        Oct 9, 2019 to Oct 23, 2020
      • HNW RAUM · $18.9M to $22.5M
        Oct 9, 2019 to Oct 23, 2020
      • Pension RAUM · $840M to $759M
        Oct 9, 2019 to Oct 23, 2020
      • RAUM · $5.0B to $4.5B
        Oct 9, 2019 to Oct 23, 2020
      • Pension plan clients · 11 to 12
        Oct 29, 2018 to Oct 9, 2019
      • Employees · 16 to 17
        Oct 29, 2018 to Oct 9, 2019
      • Discretionary RAUM · $5.3B to $5.0B
        Oct 29, 2018 to Oct 9, 2019
      • HNW RAUM · $15.7M to $18.9M
        Oct 29, 2018 to Oct 9, 2019
      • Pension RAUM · $831M to $840M
        Oct 29, 2018 to Oct 9, 2019
      • RAUM · $5.3B to $5.0B
        Oct 29, 2018 to Oct 9, 2019
      • Accounts · 48 to 52
        Feb 5, 2018 to Oct 29, 2018
      • Advisory employees · 12 to 13
        Feb 5, 2018 to Oct 29, 2018
      • Charity clients · 5 to 6
        Feb 5, 2018 to Oct 29, 2018
      • Pension plan clients · 14 to 11
        Feb 5, 2018 to Oct 29, 2018
      • Employees · 15 to 16
        Feb 5, 2018 to Oct 29, 2018
      • Discretionary RAUM · $4.4B to $5.3B
        Feb 5, 2018 to Oct 29, 2018
      • HNW RAUM · $742,046 to $15.7M
        Feb 5, 2018 to Oct 29, 2018
      • Pension RAUM · $686M to $831M
        Feb 5, 2018 to Oct 29, 2018
      • RAUM · $4.4B to $5.3B
        Feb 5, 2018 to Oct 29, 2018
      • Accounts · 45 to 48
        Nov 3, 2016 to Oct 13, 2017
      • Advisory employees · 10 to 12
        Nov 3, 2016 to Oct 13, 2017
      • Charity clients · unset to 5.0
        Nov 3, 2016 to Oct 13, 2017
      • Pension plan clients · unset to 14.0
        Nov 3, 2016 to Oct 13, 2017
      • Employees · 12 to 15
        Nov 3, 2016 to Oct 13, 2017
      • Other offices · unset to 0.0
        Nov 3, 2016 to Oct 13, 2017
      • Discretionary RAUM · $3.7B to $4.4B
        Nov 3, 2016 to Oct 13, 2017
      • HNW RAUM · unset to 742046.0
        Nov 3, 2016 to Oct 13, 2017
      • Pension RAUM · unset to 686083422.0
        Nov 3, 2016 to Oct 13, 2017
      • RAUM · $3.7B to $4.4B
        Nov 3, 2016 to Oct 13, 2017
      • Accounts · 41 to 45
        Mar 10, 2016 to Nov 3, 2016
      Signals
      6 dated events
      • ••• Locked
        May 25, 2026 · ria principal change · fact
      • ••• Locked
        May 25, 2026 · ria ownership band change · fact
      • ••• Locked
        May 25, 2026 · Control person joined · fact
      • ••• Locked
        Oct 16, 2024 · RAUM change · derived
      • ••• Locked
        Oct 27, 2022 · RAUM change · derived
      Full timeline · 6 events
      • ••• Locked
        Oct 27, 2022 · 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
      Website
      ••• Lockedreportedpublic record, Form ADV, May 25, 2026
      Principal office phone
      ••• Lockedreportedpublic record, Form ADV, May 25, 2026
      Provenance
      Sources, class rule and load dateForm ADV and IAPD, loaded Sep 14, 2026Show
      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
      Institutional managerderiveda rule over Items 5.D and 7.A
      RAUM per advisor
      Not computedderivedfirm RAUM over the IAPD count; not a book size
      Loaded
      Sep 14, 2026

      Not yet on record: net advisor flow, 12 months.