Clarus Securities
Clarus Securities is a Toronto-based institutional investment dealer serving Canadian small to mid-cap issuers with equity research, institutional sales and trading, and investment banking focused on private placements, bought deals, IPOs, and M&A advisory across mining, technology, healthcare, and diversified sectors.
- Company typePrivate
- Founded2017
- HeadquartersToronto, Canada
- Headcount11–50
- GTM typeB2B
- OfferingServices
What Clarus Securities does
Clarus Securities Inc. is a Toronto-headquartered institutional investment dealer wholly owned by Clarus Securities Holdings Ltd., founded in 2017 per the company's own legal disclosures, with a team of approximately 20 professionals across senior management, investment banking, sales and trading, research, and operations. The firm is a participating organization of the Toronto Stock Exchange and TSX Venture Exchange, a member of the Canadian Investment Regulatory Organization (CIRO) and the Canadian Investor Protection Fund (CIPF), and restricts its product set to private placements, prospectus offerings, and commission-based equity trade execution — explicitly declining options, bonds, mutual funds, and hedge funds.
The firm operates an integrated sales, trading, and investment banking platform focused exclusively on Canadian small to mid-cap issuers, organized around four research coverage segments: Growth & Innovation, Technology & Specialty Healthcare, Mining, and Diversified/Energy. Trading infrastructure is built on the IRESS platform with a Smart Order Router (SOR) that sweeps both protected and unprotected Canadian marketplaces, complemented by algorithmic execution from Virtu Canada Corp and Citadel Securities (the latter also used for U.S. inter-listed securities) and connectivity to the MATCHNow dark pool, all governed by an annual best-execution policy review under CIRO Dealer Member Rule 3300. Research is distributed through BlueMatrix, FactSet, Thomson Reuters, Bloomberg, Capital IQ, and Zacks.
Clarus generates revenue primarily through transaction-based fees: investment banking fees on private placements, bought deals, IPOs, reverse takeovers, M&A advisory, and fairness opinions, plus commission-based equity trading (with a C$60 minimum on retail orders and customized institutional schedules). Research is described as compensated from overall firm profitability rather than a separate subscription line. The firm is private, does not disclose revenue, and serves institutional investors and high net worth retail clients, with a deal roster spanning resource issuers (Asante, Collective, NevGold, Nuvau, White Gold, Heliostar, Thesis Gold, Founders, TDG, Getty Copper, Panoro, AuMEGA, GoldCoast, Emerita, Adyton, Arizona Eagle, Halcones, BluMetric, EnWave), healthcare technology (Healwell AI), and emerging fintech (AmeriTrust, SOL Global), plus high-value advisory mandates including Aimia, TRUBAR, and Dominion Lending Centres.
Clarus Securities firmographics
Firmographics- Name
- Clarus Securities
- Legal name
- Clarus Securities Inc.
- Website
- https://clarussecurities.com
- Company type
- Private
- Founded year
- 2017
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Clarus Securities is a Toronto-based institutional investment dealer serving Canadian small to mid-cap issuers with equity research, institutional sales and trading, and investment banking focused on private placements, bought deals, IPOs, and M&A advisory across mining, technology, healthcare, and diversified sectors.
- Ownership category
- akta.pro rank
Clarus Securities industry classification
Industry- Product category
- Institutional Investment Dealing / Capital Markets Brokerage
- NAICS
- Investment Banking and Securities Intermediation (52315), Investment Banking and Securities Intermediation (523150)
- SIC
- Security Brokers, Dealers & Flotation Companies (6211)
- akta.pro primary industry
- Independent Broker-Dealers (Retail Network) (FSAAAAAC)
- akta.pro secondary industry
- Capital Markets Advisory (IPO Readiness, SPAC, ECM/DCM Advisory) (BPAHAOAL)
Keywords
Where Clarus Securities is headquartered
LocationHeadquarters
- HQ city
- Toronto
- HQ country
- Canada
- HQ region
- North America
Offices1 record
Markets served
Clarus Securities business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Others
Revenue model
- Investment Banking Services: Compensation from providing investment banking services including private placements, prospectus offerings, M&A advisory, and fairness opinions. The firm earns fees and commissions from these transactions.
- Equity Trading Commissions: Commission-based equity trade execution for institutional clients. Institutional clients pay commissions according to agreed schedules, while retail clients have commissions agreed prior to execution. A minimum commission of $60 applies against all retail orders.
- Research Services: Research services provided to clients, with research analysts compensated based on overall firm profitability including investment banking and related services.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Pay-as-you-go | Institutional Commission Schedule |
| Transaction based/ take rate | Pay-as-you-go | Retail Commission Structure |
Go-to-market motion2 records
Distribution channels2 records
Marketing channels3 records
Clarus Securities product offering
Product offeringCore offering
Clarus Securities is an institutional investment dealer providing sales, trading, and investment banking services primarily to small to mid-cap companies and institutional investors in the Canadian capital markets. Core activities include acting as agent or bookrunner on brokered private placements, bought deals, prospectus offerings, IPOs, and reverse takeovers, plus commission-based equity trade execution and focused equity research across four specialized sectors. The firm restricts its product offering to private placements, prospectus offerings, and commission-based equity trade execution, and does not offer options, bonds, mutual funds, or hedge funds.
Product overview
Clarus Securities is an institutional investment dealer providing an integrated platform combining sales, trading, and investment banking services primarily for small to mid-cap companies. The core offerings include Equity Research across four specialized sectors (Growth & Innovation, Technology & Specialty Healthcare, Mining, and Diversified/Energy), Institutional Equity Sales and Trading services, and Investment Banking covering M&A advisory, capital raising (private placements, IPOs, bought deals), and fairness opinions. The trading infrastructure includes a Smart Order Router (SOR) powered by IRESS with access to algorithmic trading through Virtu Canada Corp and Citadel Securities. The firm restricts its product offering to private placements, prospectus offerings, and equity trade execution on a commission basis, declining to offer options, bonds, mutual funds, or hedge funds.
Differentiator
Problem solved
Functional benefit
Products and services
- Investment Banking Services
- Equity Research
- Institutional Equity Sales
- Institutional Equity Trading
- Brokered Private Placements
- Fairness Opinions and M&A Advisory
Quantifiable outcome
- Focused coverage universe enables in-depth research and strong market positioning in covered names
Companies that use Clarus Securities
Customer profileNamed customers11 records
Segments3 records
Ideal customer profiles3 records
Clarus Securities technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration4 records
Feature1 record
Clarus Securities partnerships and signals
Strategic signalPartnerships
Eleven partnerships are on record, tiered minor and core.
- Red Cloud SecuritiesminorCo-agent alongside Clarus Securities for Panoro Minerals upsized approximately C$21 million private placement financing for Cotabambas Copper-Gold-Silver Project in Peru. Syndicate partner for deal execution.
- Agentis Capital MarketsminorCo-agent alongside Clarus Securities for Panoro Minerals private placement. Part of the syndicate for the financing.
- Raymond JamesminorCo-agent alongside Clarus Securities for Panoro Minerals financing. Long-standing relationship in Canadian capital markets.
- Canaccord Genuity Corp.minorLead agent alongside Clarus Securities, ATB Capital Markets and Raymond James for TelyRx Holdings C$35.9 million brokered private placement as part of qualifying transaction.
- ATB Capital MarketsminorCo-agent with Clarus Securities for TelyRx Holdings private placement financing.
- Integrity Capital Group Inc.coreCo-lead agent and bookrunner with Clarus Securities for Nuvau Minerals up to C$20 million brokered private placement. Regular co-lead partner on multiple transactions.
- Raymond James Ltd.minorCo-lead agent alongside Clarus Securities for BluMetric Environmental C$15 million brokered offering for acquisition of DS Consultants.
- IRESS Market Technology CanadacoreTechnology provider for trade platform and Smart Order Router (SOR) that sweeps Canadian marketplaces for best execution.
- Virtu Canada CorpcoreAlgorithmic trading provider within IRESS SOR platform for best execution of client orders.
- Citadel SecuritiescoreSmart router provider for U.S. market access and securities trading. Used when securities are inter-listed on U.S. markets.
- Canadian Investment Regulatory Organization (CIRO)coreRegulatory body governing Clarus Securities as a member investment dealer. Oversees compliance, complaints handling, and investor protection.
Scale indicators8 records
Recent moves6 records
Expansion highlights5 records
Clarus Securities competitors and assessment
Company assessmentDirect peers
- Raymond James Ltd. Canadian arm of Raymond James Financial, focused on wealth management and capital markets for Canadian small/mid-cap issuers. Frequently partners with Clarus as co-lead on transactions (BluMetric, TelyRx, Panoro Minerals), making it both a competitor and syndicate partner across the same issuer base.
- Ventum Financial: Toronto-based independent investment dealer providing institutional trading, research, and capital markets for Canadian small/mid-cap issuers. Comparable in size, target market, and service offering; appeared alongside Clarus as a finder on the American Pacific Mining financing.
- Canaccord Genuity Group: Canadian-headquartered independent investment dealer with a global mid-cap focus. Directly comparable as a Canadian broker-dealer offering equity research, sales/trading, and investment banking across small/mid-cap growth, mining, and healthcare — the same verticals Clarus covers. Repeatedly co-leads or co-manages deals with Clarus (e.g., TelyRx).
- PI Financial Corp. Vancouver-based independent investment dealer with diversified institutional and wealth management businesses. Comparable to Clarus as a Canadian boutique dealer with small/mid-cap capital markets activity and a meaningful resource-sector practice.
- Agentis Capital Markets: Canadian boutique investment bank focused on mining and resource issuers. Comparable to Clarus's mining IB franchise; co-agent with Clarus on the Panoro Minerals financing, indicating direct overlap in mandate and issuer coverage.
- Red Cloud Securities: Toronto-based mining-focused full-service investment dealer. Highly comparable to Clarus's mining vertical — both operate in Canadian resource-sector capital markets; co-agent on the Panoro Minerals upsized placement alongside Clarus.
- ATB Capital Markets: Alberta-based investment dealer and capital markets arm of ATB Financial, with strong energy and growth-company coverage. Comparable as a Canadian mid-market dealer pursuing private placements and IPOs in the same issuer segments as Clarus, and a frequent co-agent on Clarus-led deals.
- Haywood Securities: Canadian independent investment dealer with a strong mining and resources franchise. Closely comparable as a boutique Canadian dealer competing in resource-sector capital raises and small/mid-cap research, with overlapping coverage universes in mining and energy.
- Research Capital Corporation: Toronto-based independent investment dealer providing institutional equities, investment banking, and research for Canadian small/mid-cap issuers. Comparable to Clarus in size, Canadian focus, and product mix; appeared as a finder alongside Clarus on the American Pacific Mining financing.
- Echelon Wealth Partners: Canadian independent investment dealer (now part of iA Private Wealth) providing institutional equities and capital markets for growth companies. Comparable as a Canadian boutique broker-dealer targeting small/mid-cap issuers in similar verticals to Clarus.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights6 records
Customer concentration
Clarus Securities social profiles
Digital presenceClarus Securities compliance and trust
Trust signalCompliance5 records
Clarus Securities financial estimates
Financial estimateRevenue estimate
Valuation estimate
Clarus Securities leadership team
Management profileNumber of profiles
Profiles19 records
Clarus Securities funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Clarus Securities M&A and investment
M&A and investmentM&A
Investments33 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Clarus Securities
What does Clarus Securities do?
Clarus Securities is an institutional investment dealer providing sales, trading, and investment banking services primarily to small to mid-cap companies and institutional investors in the Canadian capital markets. Core activities include acting as agent or bookrunner on brokered private placements, bought deals, prospectus offerings, IPOs, and reverse takeovers, plus commission-based equity trade execution and focused equity research across four specialized sectors. The firm restricts its product offering to private placements, prospectus offerings, and commission-based equity trade execution, and does not offer options, bonds, mutual funds, or hedge funds.
Is Clarus Securities a public or private company?
Clarus Securities is a private company. It is classified as corporate owned and is currently operating.
When was Clarus Securities founded?
Clarus Securities was founded in 2017. It employs 11 to 50 people.
Where is Clarus Securities based?
Clarus Securities is headquartered in Toronto, Canada, in the North America region.
How does Clarus Securities make money?
Three revenue lines are on record. Investment Banking Services are the primary driver. The others are equity Trading Commissions and research Services.
Who are Clarus Securities's main competitors?
Direct peers on record are Raymond James Ltd., Ventum Financial, Canaccord Genuity Group, PI Financial Corp., Agentis Capital Markets, Red Cloud Securities, ATB Capital Markets, Haywood Securities, Research Capital Corporation and Echelon Wealth Partners.
Does Clarus Securities have an API?
No public API is recorded for Clarus Securities.
What industry is Clarus Securities in?
Clarus Securities's product category is Institutional Investment Dealing / Capital Markets Brokerage. Its primary akta.pro industry code is FSAAAAAC, Independent Broker-Dealers (Retail Network), with a secondary code of BPAHAOAL, Capital Markets Advisory (IPO Readiness, SPAC, ECM/DCM Advisory). Its NAICS code is 52315 and its SIC code is 6211.