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

Bmo Nesbitt Burns Securities Ltd.

Broker-dealer affiliated wealth managerToronto, Ontario, CRD 281337SEC 801-107176websiteIAPD
Latest filing Sep 8, 2026
First filing on the tape Jan 13, 2016 · 59 filings
SEC status approved since Feb 9, 2016
RAUM
$1.2B
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
100%
$1.2B individuals and HNW
Advisors
35
registered through the firm on IAPD
RAUM per advisor
$34.2M
derived; firm RAUM over IAPD count
Employees
303
216 advisory (5.B.1)
Offices
49
beyond the principal office
Private funds
0
reported on Schedule D
History
59 filings and snapshots on the tape
RAUM$1.2B as of Aug 5, 2026
Jan 27, 2017$50.0M then
HNW client RAUM$1.1B as of Aug 5, 2026
Jan 29, 2018$91.5M then
State-registered IARs (5.B.3)2 as of Aug 5, 2026
Jan 27, 20170 then
Employees (5.A)303 as of Aug 5, 2026
Jan 27, 2017200 then
Private funds: no history
RAUM +28% over the last fiscal year+29% a year over threeIARs 2 to 2offices 51 to 49
Practice profile
derived from the filing of Sep 8, 2026; every figure names its basis
Archetypes, each a printed rule
  • Broker-dealer affiliated · Item 7.A.1 (broker-dealer affiliate) and at least 50 registered representatives (Item 5.B.2), or the adviser is itself a broker-dealer (6.A.1)
RAUM per advisor
$34.2MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
31derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$2.7MderivedHNW RAUM over HNW clients
Average account
$900,439derivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
8.7derivedItem 5.A over advisors
Advisors per office
0.7derived50 offices incl. principal (1.F.5)
RAUM growth, one year
+28%derivedbetween the last two annual amendments
Advisor growth, one year
+0.0%derivedItem 5.B.3 between annual amendments
Client growth, one year
+19%derived
Compensation
percentage of assetsreportedItem 5.E
Advisory activities
financial planning, portfolio management for individuals, portfolio management for businesses and institutionsreportedItem 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
  • is a broker-dealer (6.A.1)
  • has discretionary authority over which securities are bought or sold (8.C.1)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • High-net-worth individuals$1.1B92%
  • Individuals$96.8M8.1%
Individual clients
674reported
HNW clients
412reported
Pension plan clients
0reported
Charitable clients
0reported
Accounts
1,330reported
Financial planning clients
11-25reported
Wrap fee programs
noreported
Custody of client assets
noreported
Compensation
% of AUMreported
Class basis
private_client_share=1.0 fund_share=0.0 institutional_share=0.0 related_bd=true related_bank=true bd_reps=144.0derived
Advisors registered through the firm
35 on IAPD today, longest tenure first
NameBranchHere sinceIn industryPrior firms
Gary K ChooVancouver, British ColumbiaJun 2, 202026 y0
Elizabeth T Q PetticrewVancouverJun 2, 202037 y0
Michael Timothy AndersonMontreal, QuebecJun 2, 202033 y0
Sean Curtis RourkeEdmonton, AlbertaJun 24, 202028 y0
Christian RouxMontreal, QuebecJun 24, 202038 y0
Stephen Michael GigliottiToronto, Ontario Aug 5, 202123 y4
Darren Earl GoldbergTorontoNov 7, 202524 y0
Joseph Fouad FanakiTorontoNov 7, 202528 y0
Cheryl May SmithCalgaryNov 7, 202518 y0
Gabriel Robert MartinTorontoNov 7, 202522 y0
Kyle Thomas KootstraWindsorNov 7, 202516 y0
Jason Bradley ArmstrongCalgaryNov 7, 202515 y0
Stacy Marie SoutiereCalgaryNov 7, 202512 y0
Michael DorfmanTorontoNov 7, 202534 y0
Sylvain Claude BriseboisOttawaNov 7, 202531 y0
Marc Leslie FilibaWinnipegDec 17, 202525 y0
Nathan Scott JohnsonCalgaryDec 17, 202511 y0
Cameron MurphyBurlingtonDec 17, 202517 y0
Danny CostaOakvilleDec 17, 202514 y0
David William StelpstraLondonDec 17, 202517 y0
Donald TaylorNorth VancouverDec 17, 202514 y0
Kristen SpiesNorth VancouverDec 17, 202514 y0
Daniel LebeufMontrealDec 17, 202517 y0
Udaya RatnayakeChartered Financial AnalystTorontoDec 17, 202531 y0
Hudson MaCalgaryJan 5, 202621 y0
Stephane BarbeauMontrealJan 5, 202626 y0
Justin PikeMontrealJan 5, 202621 y0
Christopher ThiessenWinnipegJan 5, 202617 y0
Justin HarrisonKamloopsJan 13, 202612 y0
Troy Kevin LalondeCornwallJan 13, 202631 y0
James NickersonCalgaryJan 23, 202610 y0
Matthew Graham SitkaTorontoFeb 3, 202624 y0
Geoffrey MarshallOakvilleApr 15, 202628 y0
Hoa Nhat VuongWhite RockAug 11, 202619 y0
Philip HarlandNorth VancouverAug 18, 202615 y0
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
Joined, latest
Every departureEvery arrival
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
  • A L William Brown · Directorcontrol
    since 01/2012 · owns less than 5%
  • Aaron Bruce Ferman · Chairman Of The Boardcontrol
    since 09/2016 · owns less than 5%
  • Michael Stephen Gigliotti · Chief Compliance Officercontrol
    since 07/2020 · owns less than 5%
  • Ann Stephanie Lake · Directorcontrol
    since 07/2024 · owns less than 5%
  • Kenneth Ian Narine · Cfocontrol
    since 11/2022 · owns less than 5%
  • Nmn Devanand Persaud · Presidentcontrol
    since 05/2023 · owns less than 5%
  • Mauro Rigante · Directorcontrol
    since 06/2025 · owns less than 5%
Entity owners
  • Bmo Nesbitt Burns Inc. · Sole Shareholder
    direct · owns 75% or more
  • Bank Of Montreal · Sole Shareholder
    indirect · owns 75% or more of Bank Of Montreal Holding Inc. · public reporting company
  • Bank Of Montreal Holding Inc. · Sole Shareholder - Via Organizational Amalgamation
    indirect · owns 75% or more of Bmo Nesbitt Burns Inc.
Related persons
Schedule D 7.A
Advisers that list Bmo Nesbitt Burns Securities Ltd. as a related person
Offices
Schedule D 1.F, the 25 largest
  • Toronto, Canada15 employees
  • Toronto, Canada14 employees
  • Toronto, Canada14 employees
  • Toronto, Canada13 employees
  • Montreal, Canada12 employees
  • Montreal, Canada10 employees
  • Vancouver, Canada7 employees
  • Vancouver, Canada7 employees
  • Oakville, Canada7 employees
  • Toronto, Canada6 employees
  • Montreal, Canada6 employees
  • Vancouver, Canada6 employees
  • Calgary, Canada5 employees
  • Toronto, Canada4 employees
  • Winnipeg, Canada4 employees
  • Ottawa, Canada4 employees
  • Calgary, Canada4 employees
  • Quebec, Canada3 employees
  • London, Canada3 employees
  • Edmonton, Canada2 employees
  • Vancouver, Canada2 employees
  • Windsor, Canada2 employees
  • Moncton, Canada2 employees
  • Regina, Canada2 employees
  • Vancouver, Canada2 employees
ADV anomalies
3 against comparable advisers; where to look, not conclusions
  • high employee count relative to advisorsStatic outlier · filing Sep 8, 2026
    employees per registered advisor of 8.7 against a peer median of 1.1 (56 comparable advisers, 100.0th percentile, 24.3 robust deviations)
    peers: affiliated wealth managers, $1B to $5B (56) · 100% percentile
  • high office count relative to headcountStatic outlier · filing Sep 8, 2026
    offices per registered advisor of 1.4 against a peer median of 0.4 (56 comparable advisers, 98.0th percentile, 3.5 robust deviations)
    peers: affiliated wealth managers, $1B to $5B (56) · 98% percentile
  • control person changedChange between filings · filing Sep 8, 2026
    Rigante, Mauro (DIRECTOR) appeared on Schedule A between the filings of 2022-11-02 and 2026-09-08
    peers: affiliated wealth managers, $1B to $5B (56)
How anomalies are measured
What changed
consecutive filings, newest first
  • Financial planning clients · 11-25 to 11-25
    Aug 5, 2026 to Sep 8, 2026
  • HQ state · to unset
    Aug 5, 2026 to Sep 8, 2026
  • Succession · false to unset
    Aug 5, 2026 to Sep 8, 2026
  • Accounts · 1,097 to 1,330
    Jul 2, 2025 to Jan 28, 2026
  • Advisory employees · 199 to 216
    Jul 2, 2025 to Jan 28, 2026
  • BD registered reps · 142 to 144
    Jul 2, 2025 to Jan 28, 2026
  • HNW clients · 324 to 412
    Jul 2, 2025 to Jan 28, 2026
  • Individual clients · 588 to 674
    Jul 2, 2025 to Jan 28, 2026
  • Employees · 277 to 303
    Jul 2, 2025 to Jan 28, 2026
  • Other offices · 51 to 49
    Jul 2, 2025 to Jan 28, 2026
  • Discretionary RAUM · $932M to $1.2B
    Jul 2, 2025 to Jan 28, 2026
  • HNW RAUM · $856M to $1.1B
    Jul 2, 2025 to Jan 28, 2026
  • Individual RAUM · $75.8M to $96.8M
    Jul 2, 2025 to Jan 28, 2026
  • RAUM · $932M to $1.2B
    Jul 2, 2025 to Jan 28, 2026
  • Financial planning clients · 11-25 to 11-25
    May 21, 2025 to Jul 2, 2025
  • Accounts · 914 to 1,097
    Nov 5, 2024 to Jan 29, 2025
  • Advisory employees · 181 to 199
    Nov 5, 2024 to Jan 29, 2025
  • BD registered reps · 104 to 142
    Nov 5, 2024 to Jan 29, 2025
  • HNW clients · 246 to 324
    Nov 5, 2024 to Jan 29, 2025
  • Individual clients · 533 to 588
    Nov 5, 2024 to Jan 29, 2025
  • Employees · 267 to 277
    Nov 5, 2024 to Jan 29, 2025
  • HQ state · unset to
    Nov 5, 2024 to Jan 29, 2025
  • Other offices · 52 to 51
    Nov 5, 2024 to Jan 29, 2025
  • Discretionary RAUM · $661M to $932M
    Nov 5, 2024 to Jan 29, 2025
  • HNW RAUM · $560M to $856M
    Nov 5, 2024 to Jan 29, 2025
  • Individual RAUM · $101M to $75.8M
    Nov 5, 2024 to Jan 29, 2025
  • RAUM · $661M to $932M
    Nov 5, 2024 to Jan 29, 2025
  • Other offices · 46 to 52
    Jan 26, 2024 to Jan 29, 2024
  • Accounts · 782 to 914
    Oct 20, 2023 to Jan 26, 2024
  • Advisory employees · 179 to 181
    Oct 20, 2023 to Jan 26, 2024
  • BD registered reps · 108 to 104
    Oct 20, 2023 to Jan 26, 2024
  • HNW clients · 181 to 246
    Oct 20, 2023 to Jan 26, 2024
  • Individual clients · 486 to 533
    Oct 20, 2023 to Jan 26, 2024
  • Employees · 269 to 267
    Oct 20, 2023 to Jan 26, 2024
  • Financial planning clients · 1-10 to 11-25
    Oct 20, 2023 to Jan 26, 2024
  • State-registered IARs · 0 to 2
    Oct 20, 2023 to Jan 26, 2024
  • Discretionary RAUM · $554M to $661M
    Oct 20, 2023 to Jan 26, 2024
  • HNW RAUM · $400M to $560M
    Oct 20, 2023 to Jan 26, 2024
  • Individual RAUM · $154M to $101M
    Oct 20, 2023 to Jan 26, 2024
  • RAUM · $554M to $661M
    Oct 20, 2023 to Jan 26, 2024
Signals
22 dated events
  • Bmo Nesbitt Burns Securities Ltd. reported RAUM $1.2B, up 28% from $932.0M (2025-07-02 to 2026-01-28)
    Jan 28, 2026 · RAUM change · derived
  • Bmo Nesbitt Burns Securities Ltd. reported RAUM $932.0M, up 41% from $660.9M (2024-11-05 to 2025-01-29)
    Jan 29, 2025 · RAUM change · derived
  • Everett Ades Stephen Macdonald (Director) no longer on Schedule A of Bmo Nesbitt Burns Securities Ltd. (listed 2024-09-19, absent 2024-10-29)
    Oct 29, 2024 · Control person left · inference
  • Kathryn Clare Pierce (Director) no longer on Schedule A of Bmo Nesbitt Burns Securities Ltd. (listed 2024-05-01, absent 2024-07-24)
    Jul 24, 2024 · Control person left · inference
  • Ann Stephanie Lake (Director) appeared on Schedule A of Bmo Nesbitt Burns Securities Ltd.
    Jul 24, 2024 · Control person joined · fact
  • Bmo Nesbitt Burns Securities Ltd. reported 52 offices beyond its principal office, up from 46 (2024-01-26 to 2024-01-29)
    Jan 29, 2024 · Office count change · derived
  • Rodney Benjamin Finney (President) no longer on Schedule A of Bmo Nesbitt Burns Securities Ltd. (listed 2023-04-28, absent 2023-08-04)
    Aug 4, 2023 · Control person left · inference
  • Kenneth Ian Narine (Cfo) appeared on Schedule A of Bmo Nesbitt Burns Securities Ltd.
    Nov 2, 2022 · Control person joined · fact
  • Ann Stephanie Lake (Cfo) no longer on Schedule A of Bmo Nesbitt Burns Securities Ltd. (listed 2022-10-21, absent 2022-11-02)
    Nov 2, 2022 · Control person left · inference
  • Bmo Nesbitt Burns Securities Ltd. reported RAUM $579.5M, up 33% from $434.1M (2021-11-22 to 2022-01-26)
    Jan 26, 2022 · RAUM change · derived
  • Rodney Benjamin Finney (President) appeared on Schedule A of Bmo Nesbitt Burns Securities Ltd.
    Jun 25, 2021 · Control person joined · fact
  • Lesley Marks (Director) no longer on Schedule A of Bmo Nesbitt Burns Securities Ltd. (listed 2020-07-10, absent 2021-01-27)
    Jan 27, 2021 · Control person left · inference
  • Everett Ades Stephen Macdonald (Director) appeared on Schedule A of Bmo Nesbitt Burns Securities Ltd.
    Jan 27, 2021 · Control person joined · fact
  • Charles Darren Mcmillan (Chief Compliance Officer) no longer on Schedule A of Bmo Nesbitt Burns Securities Ltd. (listed 2020-06-24, absent 2020-07-10)
    Jul 10, 2020 · Control person left · inference
  • Michael Stephen Gigliotti (Chief Compliance Officer) appeared on Schedule A of Bmo Nesbitt Burns Securities Ltd.
    Jul 10, 2020 · Control person joined · fact
  • Lesley Marks (Director) appeared on Schedule A of Bmo Nesbitt Burns Securities Ltd.
    May 22, 2020 · Control person joined · fact
  • Bmo Nesbitt Burns Securities Ltd. reported 43 offices beyond its principal office, up from 26 (2019-10-25 to 2020-01-29)
    Jan 29, 2020 · Office count change · derived
  • Sarah Goel (Director) no longer on Schedule A of Bmo Nesbitt Burns Securities Ltd. (listed 2019-01-29, absent 2019-03-08)
    Mar 8, 2019 · Control person left · inference
  • Nmn Tamara Peres (Chief Executive Officer) no longer on Schedule A of Bmo Nesbitt Burns Securities Ltd. (listed 2019-01-29, absent 2019-03-08)
    Mar 8, 2019 · Control person left · inference
  • Nmn Tamara Peres (Chief Executive Officer) appeared on Schedule A of Bmo Nesbitt Burns Securities Ltd.
    Jan 29, 2019 · Control person joined · fact
  • Bmo Nesbitt Burns Securities Ltd. reported RAUM $273.7M, up 447% from $50.0M (2017-07-27 to 2018-01-29)
    Jan 29, 2018 · RAUM change · derived
  • Bmo Nesbitt Burns Securities Ltd. filed its initial SEC registration (Form ADV)
    Jan 13, 2016 · First SEC registration · 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
Website
uswealth.bmo.com/nesbitt-burns-securities-limited-disclosurereportedpublic record, Form ADV, Sep 17, 2026
Principal office phone
416-624-5509reportedpublic record, Form ADV, Sep 8, 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
Broker-dealer affiliated wealth managerderiveda rule over Items 5.D and 7.A
RAUM per advisor
$34.2Mderivedfirm RAUM over the IAPD count; not a book size
Loaded
Sep 14, 2026