National Bank Financial Inc.
$3.5B reported client assets across 6 advisory firms in FY2025 annual amendments
Reported client assets over time
$1.1B
$3.4B
2017
2025
Same-firm comparison: 5 firms that reported National Bank Financial Inc. in both FY2024 and FY2025 annual amendments (ADV Item 5.K.(3)). Fiscal years come directly from the SEC filing-type table; filing dates are not used as a year-end proxy.
| Advisory firm | RAUM at custodian | Firm total AUM | Share | As of |
|---|---|---|---|---|
| Giverny Capital Inc. | $2.3B | $2.7B | 85.4% | 12/24/2025 |
| Silver Heights Capital Management Inc. | $652M | $727M | 89.7% | 03/31/2026 |
| Pacifica Partners Inc | $309M | $316M | 97.9% | 01/22/2026 |
| Inukshuk Capital Management Inc. | $116M | $116M | 100.0% | 03/03/2026 |
| Kirr, Marbach & Company, Llc | $85.7M | $588M | 14.6% | 03/26/2026 |
| Cumberland Investment Counsel Inc. | $38.9M | $1.4B | 2.8% | 12/22/2025 |
From Form ADV Schedule D 5.K.(3): custodians named at the 10%-of-SMA-assets threshold, with reported dollar amounts. "Share" is reported amount as a share of the firm's total regulatory AUM.