Letko, Brosseau & Associates Inc.
Registered investment adviser · Montreal, Quebec · CRD #133221
Form ADV data as of 2026-09-01Regulatory assets
$18.83 billion
Total accounts
2,186
Employees
75
Disclosure events
0
Firm details
- Website: https://www.youtube.com/channel/ucwu_tlwor3tsnp8n1ee1lzq
- Telephone: 1-800-307-8557
- SEC file number: 801-64074
- Most recent Form ADV filing: 2025-12-22
- SEC record: View this firm on the SEC's IAPD site
Disciplinary disclosures
This firm answered No to every Item 11 disciplinary question on its most recent Form ADV filing.
Assets and accounts
| Provides continuous and regular supervisory or management services | Yes |
| Discretionary regulatory assets under management | $18.83 billion |
| Non-discretionary regulatory assets under management | $0 |
| Total regulatory assets under management | $18.83 billion |
| Discretionary accounts | 2,186 |
| Non-discretionary accounts | 0 |
| Total accounts | 2,186 |
| Regulatory assets under management attributable to non-U.S. persons | $18.64 billion |
People
| Total employees (excluding clerical) | 75 |
| Employees performing investment advisory functions (including research) | 36 |
| Employees who are registered representatives of a broker-dealer | 0 |
| Employees registered as investment adviser representatives with a state | 1 |
| Employees registered as IARs for another investment adviser | 0 |
| Employees who are licensed insurance agents | 0 |
| Firms or persons who solicit advisory clients on the firm's behalf | 1 |
Custody
| Has custody of client cash or bank accounts | Yes |
| Has custody of client securities | Yes |
| Client funds and securities held in the firm's custody | $238.5 million |
| Clients for whom the firm has custody | 36 |
| A related person has custody of client cash or bank accounts | No |
| A related person has custody of client securities | No |
| The firm acts as a qualified custodian | No |
| A related person acts as a qualified custodian | No |
| Number of persons acting as qualified custodians for the firm's clients | 3 |
How the firm is compensated
Advisory services offered
Affiliated related persons
Reported conflicts of interest
Form ADV Items 8 asks advisers to disclose arrangements that may create a conflict with client interests. This firm answered Yes to:
- Buys or sells for itself securities it also recommends to clients
- Recommends securities for which it serves as underwriter or general partner
- Receives soft dollar benefits
- Compensates a non-employee for client referrals
- Provides employee compensation specifically for obtaining clients
Client types
| Type of client | Clients | Assets |
|---|---|---|
| Individuals (other than high net worth individuals) | 1,026 | $599.5 million |
| High net worth individuals | 571 | $2.06 billion |
| Pooled investment vehicles (other than investment companies and BDCs) | 29 | $4.97 billion |
| Pension and profit sharing plans (not the participants or government plans) | 91 | $5.96 billion |
| Charitable organizations | 90 | $1.80 billion |
| Corporations or other businesses not listed above | 379 | $3.44 billion |