Hillsdale Investment Management Inc.

Registered investment adviser · Toronto · CRD #137883

Form ADV data as of 2026-09-01

Regulatory assets

$7.77 billion

Total accounts

230

Employees

Disclosure events

Firm details

Website: https://ca.linkedin.com/company/hillsdale-investment-management
Telephone: 416-913-3900
SEC file number: 801-65665
Most recent Form ADV filing: 2026-08-19
SEC record: View this firm on the SEC's IAPD site

Disciplinary disclosures

This firm reports 1 disclosure question answered Yes, covering 1 reported events. Form ADV Item 11 covers charges and pending proceedings as well as findings, so a Yes answer is not itself a finding of wrongdoing. The underlying detail is filed with the SEC.

Another regulator found a violation of investment-related regulations or statutes

Assets and accounts

Provides continuous and regular supervisory or management services	Yes
Discretionary regulatory assets under management	$7.77 billion
Non-discretionary regulatory assets under management	$0
Total regulatory assets under management	$7.77 billion
Discretionary accounts	230
Non-discretionary accounts	0
Total accounts	230
Regulatory assets under management attributable to non-U.S. persons	$7.12 billion

People

Total employees (excluding clerical)	46
Employees performing investment advisory functions (including research)	35
Employees who are registered representatives of a broker-dealer	0
Employees registered as investment adviser representatives with a state	0
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	0

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	$1.56 billion
Clients for whom the firm has custody	9
A related person has custody of client cash or bank accounts	No
A related person has custody of client securities	No
Client funds and securities held in a related person's custody	$0
Clients for whom a related person has custody	0
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	2

How the firm is compensated

A percentage of assets under managementPerformance-based fees

Advisory services offered

Portfolio management for individuals and/or small businessesPortfolio management for pooled investment vehiclesPortfolio management for businesses or institutional clients

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
Provides employee compensation specifically for obtaining clients

Client types

Type of client	Clients	Assets
Individuals (other than high net worth individuals)	108	$3.4 million
High net worth individuals	62	$17.4 million
Pooled investment vehicles (other than investment companies and BDCs)	25	$6.69 billion
Pension and profit sharing plans (not the participants or government plans)	Not reported	$129.5 million
State or municipal government entities (including government pension plans)	11	$921.2 million
Corporations or other businesses not listed above	21	$9.7 million