Mackenzie Financial Corporation
- Regulatory AUM
- $195B
- Discretionary
- $195B
- Clients
- 484
- Avg AUM / client
- $403M
- Accounts
- 685
- Employees
- 1,362
AUM over time
Annual snapshots from Form ADV filings · as of Mar 30, 2026
Asset allocation (SMA assets by investment type)
as of Mar 30, 2026Share of SMA assets by investment vehicle type, as filed in Form ADV Item 5.K. Dollar figures are percentages applied to total regulatory AUM.
Investments (13F portfolio — 1,420 positions, $83,340,501,841)
13F period Mar 31, 2026| # | Issuer | Class | Value | Shares | % of 13F | % of AUM |
|---|---|---|---|---|---|---|
| 1 | Royal Bk Cda | COM | $3,148,868,906 | 19,481,596 | 3.78% | 1.62% |
| 2 | Nvidia Corporation | COM | $2,520,357,122 | 14,451,589 | 3.02% | 1.29% |
| 3 | Apple Inc | COM | $2,444,528,629 | 9,632,092 | 2.93% | 1.25% |
| 4 | Toronto Dominion Bk Ont | COM NEW | $2,251,818,113 | 24,114,490 | 2.7% | 1.16% |
| 5 | State Str Spdr S&P 500 Etf T | TR UNIT | $2,232,428,621 | 3,432,710 | 2.68% | 1.15% |
| 6 | Microsoft Corp | COM | $1,878,824,857 | 5,075,573 | 2.25% | 0.96% |
| 7 | Alphabet Inc | CAP STK CL A | $1,796,022,406 | 6,245,731 | 2.16% | 0.92% |
| 8 | Agnico Eagle Mines Ltd | COM | $1,794,800,099 | 8,843,378 | 2.15% | 0.92% |
| 9 | Canadian Nat Res Ltd Med Ter | COM | $1,337,911,723 | 27,430,542 | 1.61% | 0.69% |
| 10 | Canadian Pacific Kansas City | COM | $1,229,478,942 | 15,625,962 | 1.48% | 0.63% |
| 11 | Amazon Com Inc | COM | $1,218,849,774 | 5,852,258 | 1.46% | 0.63% |
| 12 | Shopify Inc | CL A SUB VTG SHS | $1,180,005,503 | 9,946,334 | 1.42% | 0.61% |
| 13 | Bank Montreal Medium | COM | $1,162,262,534 | 8,582,188 | 1.39% | 0.6% |
| 14 | Enbridge Inc | COM | $1,107,292,219 | 20,429,369 | 1.33% | 0.57% |
| 15 | Johnson & Johnson | COM | $1,077,948,134 | 4,409,868 | 1.29% | 0.55% |
| 16 | Manulife Finl Corp | COM | $1,029,628,966 | 29,894,048 | 1.24% | 0.53% |
| 17 | Canadian Imperial Bank Of Co | COM | $971,957,021 | 10,257,007 | 1.17% | 0.5% |
| 18 | Suncor Energy Inc New | COM | $936,302,106 | 14,157,995 | 1.12% | 0.48% |
| 19 | Canadian Natl Ry Co | COM | $903,177,958 | 8,776,306 | 1.08% | 0.46% |
| 20 | Brookfield Corp | CL A LTD VT SH | $898,102,106 | 22,166,737 | 1.08% | 0.46% |
| 21 | Meta Platforms Inc | CL A | $815,586,763 | 1,425,527 | 0.98% | 0.42% |
| 22 | Waste Connections Inc | COM | $809,062,546 | 4,980,317 | 0.97% | 0.42% |
| 23 | Barrick Mng Corp | COM SHS | $808,091,634 | 19,776,568 | 0.97% | 0.41% |
| 24 | Tc Energy Corp | COM | $799,838,723 | 12,774,832 | 0.96% | 0.41% |
| 25 | Broadcom Inc | COM | $793,435,694 | 2,563,522 | 0.95% | 0.41% |
Top 25 of 1,420 positions from the manager's latest Form 13F · source filing (EDGAR) ↗. 13F covers long US-listed positions only. "% of AUM" is share of the firm's total regulatory AUM (Form ADV Item 5.F).
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| Pooled investment vehicles (non-investment companies) | 477 | $163B | 83.8% |
| Pension and profit sharing plans | 7 | $2.4B | 1.25% |
| Charitable organizations | Fewer than 5 clients | $5.0M | 0.0% |
| State or municipal government entities | Fewer than 5 clients | $2.4M | 0.0% |
| Other investment advisers | Fewer than 5 clients | $0 | — |
| Insurance companies | Fewer than 5 clients | $29.1B | 14.9% |
| Other | Fewer than 5 clients | $94.4M | 0.05% |
Private funds (2)
Reported in Form ADV Section 7.B.(1), filing of Mar 2024 · $176M combined gross assets
| Fund | Type | Domicile | Gross assets | Owners |
|---|---|---|---|---|
| Mackenzie Global Environmental Equity Master Fund (Cayman) Lp master | Other Private Fund | Cayman Islands | $88.2M | 1 |
| Mackenzie Global Environmental Equity Fund (Cayman) Ltd. feeder | Other Private Fund | Cayman Islands | $88.2M | 8 |
People (22)
| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Gavan, Karen, Lynn | Director | May 2007 (19y) | Less than 5% | |
| Rountes, Theodoros | Vice President, Fund Services And Chief Financial Officer, Funds | Feb 2012 (15y) | Less than 5% | |
| Desmarais, Andre, Roger | Trustee | Oct 2013 (13y) | GP / trustee / elected manager of The Desmarais Family Residuary Trust (indirect) | |
| Desmarais, Paul, Guy | Trustee | Oct 2013 (13y) | GP / trustee / elected manager of The Desmarais Family Residuary Trust (indirect) | |
| Boyle, Christopher, Wilson Jay | Senior Vice President, Institutional | Jan 2017 (10y) | Less than 5% | |
| Milne, Douglas, Gordon Mc Intosh | Executive Vice President, Chief Marketing Strategy Officer | May 2017 (9y) | Less than 5% | |
| Dibden, Michael, William | Executive Vice President, Chief Operating Officer | Jun 2017 (9y) | Less than 5% | |
| Desmarais, Sophie, Caroline | Trustee | Mar 2018 (8y) | GP / trustee / elected manager of The Desmarais Family Residuary Trust (indirect) | |
| Seidler, Gillian, Eloise | Vice President, Chief Compliance Officer | May 2018 (8y) | Less than 5% | |
| Reiter Currie, Cynthia, Ann | Executive Vice President, Chief Human Resources Officer | Sep 2018 (8y) | Less than 5% | |
| Goldberg, Rhonda, Suzanne | Executive Vice President, General Counsel | Mar 2019 (7y) | Less than 5% | |
| Chateram, Gary, Nathanial | Senior Vice President, Co Head Of Retail | Sep 2020 (6y) | Less than 5% | |
| Locke, Steven, Gregory | Chief Investment Officer, Fixed Income And Multi Asset Strategies | Jan 2021 (6y) | Less than 5% | |
| Marks, Lesley, Carolyn | Chief Investment Officer, Equities | Jan 2021 (6y) | Less than 5% | |
| Bartlett, Naomi, Kim | Director | Mar 2022 (4y) | Less than 5% | |
| Mc Cuaig, Nancy, Elizabeth | Director | Mar 2022 (4y) | Less than 5% | |
| Gould, Joseph, Luke Gregoire | Director, Chariman President And Chief Executive Officer | Jul 2022 (4y) | Less than 5% | |
| Potter, Keith, David Bernard | Executive Vice President And Chief Financial Officer | Jul 2022 (4y) | Less than 5% | |
| Ashcroft, Kristin, Elizabeth | Director And Executive Vice President, Products And Solutions | Mar 2023 (3y) | Less than 5% | |
| Westlind, Nicholas, Lars | Director | Mar 2023 (3y) | Less than 5% | |
| Doer, Gary, Albert | Trustee | May 2023 (3y) | GP / trustee / elected manager of The Desmarais Family Residuary Trust (indirect) | |
| Fleming, Gregory, James | Trustee | Feb 2024 (3y) | GP / trustee / elected manager of Gould, Joseph, Luke Gregoire (indirect) |
Entity owners (Schedule A/B)
| Entity | Title / status | Since | Sch. | Ownership |
|---|---|---|---|---|
| Mackenzie Inc. | Corporation | Jan 2003 | A | 75% or more |
| Igm Financial Inc. | Shareholder | Aug 1978 | B | ≈ 56.25% – 100% via Mackenzie Inc. |
| Power Corporation Of Canada | Shareholder | Dec 2008 | B | ≈ 21.09% – 75% via Power Financial Corporation |
| Power Financial Corporation | Shareholder | Apr 1940 | B | ≈ 28.13% – 75% via Igm Financial Inc. |
| The Desmarais Family Residuary Trust | Shareholder | Oct 2013 | B | ≈ 10.55% – 56.25% via Power Corporation Of Canada |
| Pansolo Holding Inc. | Shareholder | Oct 2015 | B | ≈ 10.55% – 56.25% via Power Corporation Of Canada |
Undisclosed: 0% – 25% of the firm is not attributable from the filed Schedule A bands.
Estimated effective ownership (look-through of filed bands):
- Igm Financial Inc.: 75% – 100% of Mackenzie Inc. × 75% – 100% direct ≈ 56.25% – 100% of the firm
- Power Corporation Of Canada: 75% – 100% of Power Financial Corporation × 50% – 75% of Igm Financial Inc. × 75% – 100% of Mackenzie Inc. × 75% – 100% direct ≈ 21.09% – 75% of the firm
- Power Financial Corporation: 50% – 75% of Igm Financial Inc. × 75% – 100% of Mackenzie Inc. × 75% – 100% direct ≈ 28.13% – 75% of the firm
- The Desmarais Family Residuary Trust: 50% – 75% of Power Corporation Of Canada × 75% – 100% of Power Financial Corporation × 50% – 75% of Igm Financial Inc. × 75% – 100% of Mackenzie Inc. × 75% – 100% direct ≈ 10.55% – 56.25% of the firm
- Pansolo Holding Inc.: 50% – 75% of Power Corporation Of Canada × 75% – 100% of Power Financial Corporation × 50% – 75% of Igm Financial Inc. × 75% – 100% of Mackenzie Inc. × 75% – 100% direct ≈ 10.55% – 56.25% 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.
Private funds (2, $176M gross assets)
| Fund | Type | Gross assets | Min. investment | Owners |
|---|---|---|---|---|
| Mackenzie Global Environmental Equity Master Fund (Cayman) Lp | Other Private Fund | $88.2M | $1.0M | 1 |
| Mackenzie Global Environmental Equity Fund (Cayman) Ltd. | Other Private Fund | $88.2M | $1.0M | 8 |
From Form ADV Section 7.B private fund reporting.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 03/30/2026 | 2.36 MB | View · PDF · Source ↗ |
Archived copies of the firm's regulatory filings, versioned by content hash.
Disciplinary disclosures
Allegations: THE ONTARIO SECURITIES COMMISSION ALLEGED THAT MACKENZIE FAILED TO (I) COMPLY WITH NATIONAL INSTRUMENT 81-105 MUTUAL FUND SALES PRACTICES ("NI 81-105") BY NOT MEETING THE MINIMUM STANDARDS OF CONDUCT EXPECTED OF INDUSTRY PARTICIPANTS IN RELATION TO CERTAIN SALES PRACTICES BETWEEN MAY 2014 AND DECEMBER 2017; (II) HAVE SYSTEMS OF CONTROLS AND SUPERVISION OVER ITS SALES PRACTICES THAT WERE SUFFICIENT TO PROVIDE REASONABLE ASSURANCES THAT IT WAS COMPLYING WITH ITS OBLIGATIONS UNDER NI 81-105; AND (III) MAINTAIN ADEQUATE BOOKS, RECORDS AND OTHER DOCUMENTS TO DEMONSTRATE ITS COMPLIANCE WITH NI 81-105. Status: Final Sanction Detail: THE TOTAL AMOUNT LEVIED AGAINST MACKENZIE WAS $1,050,000 (CANADIAN DOLLARS). ALL AMOUNTS WERE PAID ON APRIL 4, 2018, AS REQUIRED BY THE ORDER AND SETTLEMENT AGREEMENT. Summary: THE ONTARIO SECURITIES COMMISSION ("OSC") INVESTIGATED MACKENZIE FOR SALES PRACTICES RELATED TO MUTUAL FUND PRODUCTS. THE OSC CONCLUDED THAT MFC FAILED TO COMPLY WITH NATIONAL INSTRUMENT 81-105 ("NI 81-105"). THE OSC AND MACKENZIE ENTERED INTO A SETTLEMENT AGREEMENT ON APRIL 6, 2018. THE SETTLEMENT AGREEMENT STATES THAT MACKENZIE FAILED TO COMPLY WITH NI 81-105. THE PURPOSE OF NI 81-105 IS TO DISCOURAGE SALES PRACTICES THAT COULD BE PERCEIVED AS INDUCING DEALERS AND THEIR REPRESENTATIVES TO SELL MUTUAL FUND SECURITIES ON THE BASIS OF INCENTIVES THEY WERE RECEIVING (SUCH AS PROMOTIONAL ITEMS OR ACTIVITIES) RATHER THAN ON THE BASIS OF WHAT IS SUITABLE FOR AND IN THE BEST INTEREST OF THEIR CLIENTS. MACKENZIE AGREED TO: (I) PAY AN ADMINISTRATIVE PENALTY OF $900,000 (CANADIAN DOLLARS); (II) SUBMIT TO REGULAR REVIEWS OF ITS SALES PRACTICES, PROCEDURES AND CONTROLS BY AN INDEPENDENT CONSULTANT; (III) AND PAY COSTS OF THE INVESTIGATION IN THE AMOUNT OF $150,000 (CANADIAN DOLLARS). ALL AMOUNTS HAVE BEEN PAID PURSUANT TO THE SETTLEMENT AGREEMENT.
Disclosure text reproduced verbatim from the firm's own Form ADV filings.
How they charge
- • Percentage of assets under management
- • Performance-based fees
Services
- • Portfolio management for individuals/small businesses
- • Portfolio management for pooled investment vehicles
- • Portfolio management for businesses/institutional clients
- • Selection of other advisers
Custody
Reported custodians
- Cibc Mellon Global Securities Services $41.1B (21% of AUM) Mar 2026
- RBC $652M (0% of AUM) Mar 2026
- Northern Trust $622M (0% of AUM) Mar 2021
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 30, 2026.
View current Form ADV (SEC/IAPD) ↗