Rae & Lipskie Investment Counsel Inc.
- Regulatory AUM
- $1.1B
- Discretionary
- $1.1B
- Clients
- 1,008
- Avg AUM / client
- $1.1M
- Accounts
- 2,564
- Employees
- 25
AUM over time
Annual snapshots from Form ADV filings · as of Mar 31, 2026
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| Individuals (non-high net worth) | 504 | $98.9M | 9.27% |
| High net worth individuals | 467 | $778M | 73.0% |
| Pension and profit sharing plans | 7 | $81.5M | 7.65% |
| Charitable organizations | 30 | $108M | 10.1% |
People (8)
| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Banwait, Jatinder, Joe | Chief Compliance Officer | Mar 2020 (6y) | Less than 5% | |
| Mavroudis, George | Chairman | Sep 2022 (4y) | Less than 5% | |
| Turner, Matthew, Dean | Secretary | Sep 2022 (4y) | Less than 5% | |
| Mercuri, Francis, Henry | Chief Financial Officer | Dec 2023 (3y) | Less than 5% | |
| Christodoulou, Andrew, Michael | Shareholder | Jun 2024 (2y) | ≈ 3.13% – 18.75% via Minic Investments Ltd. | |
| Christodoulou, Nicholas | Shareholder | Jun 2024 (2y) | ≈ 3.13% – 18.75% via Minic Investments Ltd. | |
| Christodoulou, Stephanie, Diana | Shareholder | Jun 2024 (2y) | ≈ 3.13% – 18.75% via Minic Investments Ltd. | |
| Chryssafou Christodoulou, Dimitris Stavros | Shareholder | Jun 2024 (2y) | ≈ 3.13% – 18.75% via Minic Investments Ltd. |
Entity owners (Schedule A/B)
| Entity | Title / status | Since | Sch. | Ownership |
|---|---|---|---|---|
| Guardian Capital Group Limited | Shareholder | Sep 2022 | A | 50% – 75% |
| Elraine Investments Inc. | Shareholder | Sep 2022 | A | 25% – 50% |
| Minic Investments Ltd. | Shareholder | Jan 2004 | B | ≈ 12.5% – 37.5% via Guardian Capital Group Limited |
Undisclosed: 0% – 25% of the firm is not attributable from the filed Schedule A bands.
Estimated effective ownership (look-through of filed bands):
- Christodoulou, Andrew, Michael: 25% – 50% of Minic Investments Ltd. × 25% – 50% of Guardian Capital Group Limited × 50% – 75% direct ≈ 3.13% – 18.75% of the firm
- Christodoulou, Nicholas: 25% – 50% of Minic Investments Ltd. × 25% – 50% of Guardian Capital Group Limited × 50% – 75% direct ≈ 3.13% – 18.75% of the firm
- Christodoulou, Stephanie, Diana: 25% – 50% of Minic Investments Ltd. × 25% – 50% of Guardian Capital Group Limited × 50% – 75% direct ≈ 3.13% – 18.75% of the firm
- Chryssafou Christodoulou, Dimitris Stavros: 25% – 50% of Minic Investments Ltd. × 25% – 50% of Guardian Capital Group Limited × 50% – 75% direct ≈ 3.13% – 18.75% of the firm
- Minic Investments Ltd.: 25% – 50% of Guardian Capital Group Limited × 50% – 75% direct ≈ 12.5% – 37.5% of the firm
Roster from the IAPD representatives feed; ownership and acquisition dates from Form ADV Schedule A/B. "Since" is the earliest filed registration or acquisition date.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 03/31/2026 | 1.75 MB | View · PDF · Source ↗ |
Archived copies of the firm's regulatory filings, versioned by content hash.
Disciplinary disclosures
No disciplinary events reported on the firm's latest Form ADV filing.
How they charge
- • Percentage of assets under management
Services
- • Portfolio management for individuals/small businesses
- • Portfolio management for businesses/institutional clients
- • Selection of other advisers
Custody
Reported custodians
- National Bank Independent Network $1.0B (96% of AUM) Mar 2026
Amounts as reported in ADV Item 5.K.(3) (custodians holding 10%+ of SMA assets).
Firm reports it does not have custody of client funds or securities (Item 9.A).
Source
All data on this page comes from this firm's Form ADV filings, reproduced without modification. Latest filing: Mar 31, 2026.
View current Form ADV (SEC/IAPD) ↗