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.
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SEC-registered adviser
L••••• B••••••• • A••••••••• I•••
Latest filing Dec 22, 2025
First filing on the tape Dec 22, 2011 · 35 filings
SEC status approved since Jun 10, 2005
RAUM
$19B
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
14%
$2.7B individuals and HNW
Advisors
1
registered through the firm on IAPD
RAUM per advisor
$19B
derived; firm RAUM over IAPD count
Employees
75
36 advisory (5.B.1)
Offices
2
beyond the principal office
Private funds
7
reported on Schedule D
History
35 filings and snapshots on the tape
RAUM$19B as of Dec 22, 2025
Dec 22, 2011$76.4M then
HNW client RAUM$2.1B as of Dec 22, 2025
Dec 12, 2017$2.0B then
State-registered IARs (5.B.3)1 as of Dec 22, 2025
Dec 22, 20110 then
Employees (5.A)75 as of Dec 22, 2025
Dec 14, 20123 then
Private funds7 as of Dec 22, 2025
Dec 8, 20164 then
RAUM +23% over the last fiscal year+2.1% a year over threeIARs 0 to 1
Practice profile
derived from the filing of Dec 22, 2025; every figure names its basis
Archetypes, each a printed rule
- 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
- 1,597derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $3.6MderivedHNW RAUM over HNW clients
- Average account
- $8.6MderivedRAUM over accounts (5.F.2.f)
- Discretionary
- 100%derivedof RAUM
- Institutional
- 41%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 75.0derivedItem 5.A over advisors
- Advisors per office
- 0.3derived3 offices incl. principal (1.F.5)
- RAUM growth, one year
- +12%derivedbetween the last two annual amendments
- Advisor growth, one year
- unknownderivedItem 5.B.3 between annual amendments
- Client growth, one year
- +0.1%derived
- Compensation
- percentage of assetsreportedItem 5.E
- Advisory activities
- financial planning, portfolio management for individuals, portfolio management for businesses and institutions, portfolio management for pooled vehiclesreportedItem 5.G
- Custody
- $238M, 36 clientsreportedItem 9.A
- Ownership
- controlled by a public reporting companyderived
- 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)
- 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)
- controlled by a public reporting company (10.A)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- Pension and profit-sharing plans$6.0B32%
- Pooled investment vehicles$5.0B26%
- Corporations and businesses$3.4B18%
- High-net-worth individuals$2.1B11%
- Charitable organizations$1.8B9.6%
- Individuals$600M3.2%
- Individual clients
- 1,026reported
- HNW clients
- 571reported
- Pension plan clients
- 91reported
- Charitable clients
- 90reported
- Accounts
- 2,186reported
- Financial planning clients
- 51-100reported
- Wrap fee programs
- noreported
- Custody of client assets
- $238M for 36 clientsreported
- Compensation
- % of AUMreported
- Class basis
- private_client_share=0.14 fund_share=0.26 institutional_share=0.41 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
1 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| B•••• J••• B••••••••Chartered Financial Analyst | Montreal, Quebec | May 7, 2024 | 17 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
7 reported on Schedule D 7.B.(1)
| Fund | Type | Gross assets | Owners | First reported |
|---|---|---|---|---|
| L•••• B••••••• E••••• F••• | Other Private Fund | $665M | 766 | Dec 18, 2024 |
| L•••• B••••••• R•• E••••• F••• | Other Private Fund | $532M | 490 | May 6, 2016 |
| L•••• B••••••• R•• B••••••• F••• | Other Private Fund | $328M | 680 | May 6, 2016 |
| L•••• B••••••• E••••••• M•••••• E••••• F••• •••• A• S••••• O• L•••• B••••••• U• F•••• L• | Other Private Fund | $41.4M | 2 | Dec 18, 2024 |
| L•••• B••••••• R•• B••• F••• | Other Private Fund | $36.5M | 79 | May 6, 2016 |
| L•••• B••••••• E•• F••••• F••• F••• G••••• E••••• F••• •••• A• S••••• O• L•••• B••••••• U• F•••• L• | Other Private Fund | $22.1M | 1 | Dec 19, 2023 |
| L•••• B••••••• E••••• F••• • G••••• I•••••••• | Other Private Fund | $6.9M | 9 | May 6, 2016 |
Owners and control persons
Schedule A and B, latest filing
- B••••••••• N•••••••• C••••• · Directorcontrolsince 12/2022 · owns less than 5%
- B••••• T•••••• M••••• · Chairman Of The Board Of Directorscontrolsince 05/2017 · owns less than 5%
- G••••••• J••• · Directorcontrolsince 12/2022 · owns less than 5%
- M•••••• R•••••• J••••• · Directorcontrolsince 05/2017 · owns less than 5%
- B•••••• A••••• S••••• · Trusteecontrolsince 01/2007 · owns 25% to 50% of T•• M••••• B••••• F••••• T••••
- J•••••• D•••••• G••••• · Trusteecontrolsince 01/2007 · owns 25% to 50% of T•• M••••• B••••• F••••• T••••
- L••••• P•••• · Common Shareholdercontrolsince 03/2010 · owns 75% or more of 4•••••• C••••• I•••
- L••••••• T•••••• D•••••• · Trusteecontrolsince 02/2019 · owns 25% to 50% of T•• M••••• B••••• F••••• T••••
- S••••••• E••••• E•••••••• · Common Shareholdercontrolsince 06/2020 · owns 25% to 50% of C••••• I••••••••• L••
- S••••••• R••••••• M•••• · Common Shareholdercontrolsince 06/2020 · owns 25% to 50% of C••••• I••••••••• L••
- S••••••• W••••••• C••••• · Common Shareholdercontrolsince 06/2020 · owns 25% to 50% of C••••• I••••••••• L••
- G••••• I•••••••• M••••• C•••••• · Chief Compliance Officer And Chief Financial Officersince 10/2017 · owns less than 5%
Entity owners
- 4•••••• C••••• I••• · Common Shareholderdirect · owns 25% to 50%
- 4•••••• C••••• I••• · Common Shareholderdirect · owns 25% to 50%
- T•• M••••• B••••• F••••• T•••• · Common Shareholderindirect · owns 75% or more of B•••••• I••••••••• I•••
- B•••••• I••••••••• I••• · Common Shareholderdirect · owns 5% to 10%
- C••••• I••••••••• L•• · Common Shareholderdirect · owns 5% to 10%
Related persons
Schedule D 7.A
- L•••• B••••••• I••••••••• M••••••••• I•••investment advisery
Offices
Schedule D 1.F, the 25 largest
- Toronto, Ontario, Canada10 employees
- Calgary, Canada1 employees
What changed
consecutive filings, newest first
- Accounts · 2,143 to 2,186Dec 19, 2024 to Dec 22, 2025
- Advisory employees · 38 to 36Dec 19, 2024 to Dec 22, 2025
- Charity clients · 91 to 90Dec 19, 2024 to Dec 22, 2025
- Corporate clients · 381 to 379Dec 19, 2024 to Dec 22, 2025
- HNW clients · 583 to 571Dec 19, 2024 to Dec 22, 2025
- Individual clients · 969 to 1,026Dec 19, 2024 to Dec 22, 2025
- Pension plan clients · 93 to 91Dec 19, 2024 to Dec 22, 2025
- Pooled vehicle clients · 26 to 29Dec 19, 2024 to Dec 22, 2025
- Assets in custody · $211M to $238MDec 19, 2024 to Dec 22, 2025
- Employees · 76 to 75Dec 19, 2024 to Dec 22, 2025
- Financial planning clients · 26-50 to 51-100Dec 19, 2024 to Dec 22, 2025
- HQ state · unset to Dec 19, 2024 to Dec 22, 2025
- Discretionary RAUM · $17B to $19BDec 19, 2024 to Dec 22, 2025
- HNW RAUM · $1.9B to $2.1BDec 19, 2024 to Dec 22, 2025
- Individual RAUM · $525M to $600MDec 19, 2024 to Dec 22, 2025
- Pension RAUM · $5.6B to $6.0BDec 19, 2024 to Dec 22, 2025
- Pooled vehicle RAUM · $4.2B to $5.0BDec 19, 2024 to Dec 22, 2025
- RAUM · $17B to $19BDec 19, 2024 to Dec 22, 2025
- Accounts · 2,153 to 2,143Feb 5, 2024 to Dec 18, 2024
- Charity clients · 92 to 91Feb 5, 2024 to Dec 18, 2024
- Corporate clients · 394 to 381Feb 5, 2024 to Dec 18, 2024
- HNW clients · 615 to 583Feb 5, 2024 to Dec 18, 2024
- Individual clients · 935 to 969Feb 5, 2024 to Dec 18, 2024
- Pension plan clients · 95 to 93Feb 5, 2024 to Dec 18, 2024
- Pooled vehicle clients · 22 to 26Feb 5, 2024 to Dec 18, 2024
- Assets in custody · $182M to $211MFeb 5, 2024 to Dec 18, 2024
- Employees · 70 to 76Feb 5, 2024 to Dec 18, 2024
- Financial planning clients · 11-25 to 26-50Feb 5, 2024 to Dec 18, 2024
- State-registered IARs · 0 to 1Feb 5, 2024 to Dec 18, 2024
- Private funds · 5 to 7Feb 5, 2024 to Dec 18, 2024
- Discretionary RAUM · $15B to $17BFeb 5, 2024 to Dec 18, 2024
- HNW RAUM · $1.7B to $1.9BFeb 5, 2024 to Dec 18, 2024
- Individual RAUM · $418M to $525MFeb 5, 2024 to Dec 18, 2024
- Pension RAUM · $5.3B to $5.6BFeb 5, 2024 to Dec 18, 2024
- Pooled vehicle RAUM · $3.5B to $4.2BFeb 5, 2024 to Dec 18, 2024
- RAUM · $15B to $17BFeb 5, 2024 to Dec 18, 2024
- Accounts · 2,161 to 2,153Dec 21, 2022 to Dec 19, 2023
- Advisory employees · 42 to 38Dec 21, 2022 to Dec 19, 2023
- Charity clients · 94 to 92Dec 21, 2022 to Dec 19, 2023
- Corporate clients · 400 to 394Dec 21, 2022 to Dec 19, 2023
Signals
11 dated events
- Daniel Brosseau (Executive Officer) no longer on Schedule A of L••••• B••••••• • A••••••••• I••• (listed 2023-12-21, absent 2024-02-05)Feb 5, 2024 · Control person left · inference
- J••• G•••••• (Director) appeared on Schedule A of L••••• B••••••• • A••••••••• I•••Dec 19, 2023 · Control person joined · fact
- C••••• N••••••• B••••••••• (Director) appeared on Schedule A of L••••• B••••••• • A••••••••• I•••Dec 19, 2023 · Control person joined · fact
- E•••• S•••••• (Common Shareholder) appeared on Schedule A of L••••• B••••••• • A••••••••• I•••Dec 14, 2020 · Control person joined · fact
- L••••• B••••••• • A••••••••• I••• reported RAUM $14.2B, down 31% from $20.5B (2020-06-30 to 2020-12-14)Dec 14, 2020 · RAUM change · derived
- C••••• W•••••• S•••••• (Common Shareholder) appeared on Schedule A of L••••• B••••••• • A••••••••• I•••Dec 14, 2020 · Control person joined · fact
- Rhondda S•••••• (Common Shareholder) appeared on Schedule A of L••••• B••••••• • A••••••••• I•••Dec 14, 2020 · Control person joined · fact
- W. W•••••• S•••••• (Common Shareholder) no longer on Schedule A of L••••• B••••••• • A••••••••• I••• (listed 2020-06-30, absent 2020-12-14)Dec 14, 2020 · Control person left · inference
- C.R. Laurence Peers (Trustee) no longer on Schedule A of L••••• B••••••• • A••••••••• I••• (listed 2019-06-06, absent 2019-12-05)Dec 5, 2019 · Control person left · inference
- D. T••••• L•••••• (Trustee) appeared on Schedule A of L••••• B••••••• • A••••••••• I•••Dec 5, 2019 · Control person joined · fact
- L•••• B••••••• I••••••••• M••••••••• reported succeeding to the business of Another Adviser (Form ADV Item 4)May 6, 2016 · Succession (Item 4) · fact
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
- Firm profile
- linkedin.com/company/letko-brosseau-&-associates/?originalSureportedpublic record, Form ADV, Sep 19, 2026
- Website
- me.lba.careportedpublic record, Form ADV, Sep 19, 2026
- Principal office phone
- 1-800-307-8557reportedpublic record, Form ADV, Dec 22, 2025
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
- Other adviserderiveda 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