Burgundy Asset Management

What Burgundy Asset Management does

Burgundy Asset Management Ltd. is a Toronto-based discretionary investment management firm founded in 1990 that began investing for clients in 1991. The firm manages approximately C$27 billion in assets under management (as of May 31, 2025) for high net worth individuals and households with $3 million or more to invest, as well as institutional clients including public and corporate pension funds, foundations, endowments, universities, insurance companies, family offices, and First Nations organizations. Burgundy employs a quality/value investment philosophy built on bottom-up, fundamental, independent research, supported by a global research platform that conducts approximately 950 direct management meetings with company management teams annually across Canada, the U.S., Europe, U.K., China, and Emerging Markets. The firm offers pooled funds and segregated account options spanning equity strategies (Canadian, U.S., European, Asian, Emerging Markets, Global), credit and fixed income, balanced portfolios, and sustainable/ESG investing.

Burgundy generates revenue through recurring asset-based management fees, with no commissioned salespeople and no digital self-service channels; clients access the firm through direct fiduciary relationships with investment counsellors and portfolio managers. Distribution is conducted through three Canadian offices (Toronto headquarters, Montreal, Vancouver) and two specialized sales teams: a Private Client Group for HNW households and an Institutional team for pensions, foundations, endowments, and family offices. The firm supports client engagement through community-building programs including Women of Burgundy (founded 2014) and the Burgundy Legacy Foundation (2020 donor-advised fund platform), along with thought-leadership content (The Journal, The View, Minerva Magazine) and an annual flagship Burgundy Forum event.

In November 2025, Burgundy was acquired by BMO Financial Group for approximately C$625 million in common shares, operating post-acquisition as a separate line of business within BMO Wealth Management while maintaining its investment philosophy, leadership team, and client-first principles. Co-founder Richard Rooney was honored with the Order of Ontario in 2025, and Andrew Iu was appointed as the new Chief Investment Officer in December 2025.

Name

Burgundy Asset Management

Legal name

Burgundy Asset Management Ltd.

Website

https://burgundyasset.com

Company type

Private

Founded year

1990

Operating status

Operating

Headcount range

101–250 employees

Short description

Burgundy Asset Management is a Toronto-based discretionary investment manager founded in 1990, serving high net worth individuals ($3M+ minimum), institutions, foundations, endowments, and family offices through a quality/value, bottom-up fundamental research platform managing C$27 billion in assets, now operating as a division of BMO Wealth Management following its November 2025 acquisition.

Ownership category

akta.pro rank

Product category

Wealth Management

NAICS

Portfolio Management and Investment Advice (523940), Other Investment Pools and Funds (5259)

SIC

Investment Advice (6282)

akta.pro primary industry

Comprehensive/Full-Service RIAs & Independent Wealth Managers (FSAAACAA)

Keywords

• Discretionary investment management
• Wealth management services
• Portfolio management
• Investment counselling
• Asset management

Headquarters

HQ city

Toronto

HQ country

Canada

HQ region

North America

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Asset Management Fees: Burgundy earns fees based on a percentage of assets under management. The firm manages C$27 billion in assets, generating recurring revenue from management fees charged to private clients, institutions, foundations, and endowments.

Pricing tiers

Go-to-market motion3 records

Distribution channels3 records

Marketing channels7 records

Core offering

Burgundy Asset Management provides discretionary investment management for private clients and institutions, applying a quality/value investing approach across global equities, balanced portfolios, and credit. Clients access these strategies via pooled funds or segregated accounts, supported by proprietary bottom-up fundamental research and direct fiduciary relationships with investment counsellors and portfolio managers.

Product overview

Burgundy Asset Management is a global investment management firm providing discretionary investment management services for private clients, foundations, endowments, pensions, and family offices. The firm offers a unified investment philosophy centered on quality/value investing with equity strategies across North America (American Equity, Canadian Large Cap, Canadian Small Cap, U.S. Small Cap, U.S. Small/Mid Cap) and Global markets (China, EAFE, Emerging Markets, Focus Asian, Focus European, Focus Japan, Global Equity, Japan All Cap), alongside credit and fixed income strategies. Burgundy operates as part of BMO Wealth Management following its acquisition by BMO Financial Group in November 2025, maintaining its investment philosophy and client-first approach. The firm also offers proprietary pooled funds and segregated account options for clients with $3 million or more to invest. Supporting offerings include the Women of Burgundy community initiative and the Burgundy Legacy Foundation donor-advised fund platform.

Differentiator

Problem solved

Functional benefit

Brands

• Women of Burgundy: A community founded in 2014 that inspires women to make investing a priority and take a leadership role over their wealth. Hosts seminars, events, and publishes Minerva Magazine.
• Burgundy Legacy Foundation
• Minerva

Products and services

• Private Investment Management Discretionary investment management services for private individuals and families with C$3M+ minimum investable assets, delivered through pooled funds and segregated accounts under a quality/value investing approach.
• Institutional Investment Management Discretionary investment management for pension funds, foundations, endowments, universities, corporations, insurance companies, and First Nations clients, offering global equity, balanced, and credit mandates with quarterly customized portfolio manager commentary.
• Family Office Investment Management Discretionary investment management tailored for single and multi-family offices to manage, sustain, and grow family wealth across multiple generations under a long-term quality/value philosophy.
• Foundations & Endowments Investment Management Investment management services for foundations, endowments, and not-for-profit organizations seeking capital preservation, growth, and income aligned with long-term spending policies and mission mandates.
• Burgundy Legacy Foundation A donor-advised fund platform established in 2020 to support the philanthropic needs and interests of Burgundy clients and employees.

Quantifiable outcome

• Over half of clients have been with Burgundy for 10+ years
• +4 more outcomes

Named customers6 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Scale indicators12 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• Brown Brothers Harriman (BBH) Wealth Management: U.S. private partnership providing investment management, custody and wealth planning to HNW families and institutions. Comparable to Burgundy in combining discretionary portfolio management, multi-generational client focus, and high-touch fiduciary delivery.
• Bessemer Trust: U.S. private wealth and investment management firm focused on HNW/UHNW families, foundations and endowments with a long-term, fundamental research approach. Direct cross-border analogue to Burgundy's discretionary private-client and foundation work, including multigenerational wealth transfer capabilities.
• Jarislowsky Fraser: Montreal-based investment counsel firm managing diversified equity and fixed-income portfolios for institutional, foundation and private clients. Matches Burgundy's quality-style bias, fiduciary client model, and Canadian HNW/institutional segmentation; now owned by Scotiabank, providing a useful integration-precedent comparison for Burgundy under BMO.
• Phillips, Hager & North (RBC): Vancouver-headquartered investment manager acquired by RBC, serving institutional and private clients with a quality, long-term investment approach. Highly analogous historical and operating peer to Burgundy given similar Canadian pedigree, conservative philosophy, and bank-ownership overlay.
• Connor, Clark & Lunn Financial Group: Canadian independent investment manager offering pooled funds, balanced mandates, and private wealth solutions to institutions and individuals. Overlapping product set (equities, fixed income, balanced) and direct-relationship distribution make it a closely comparable peer to Burgundy.
• Mawer Investment Management: Calgary-based independent investment manager applying a research-driven, quality-focused equity process to institutional and private wealth clients. Closely parallels Burgundy's bottom-up fundamental philosophy, pooled fund structure, and HNW focus across Canada.
• Leith Wheeler Investment Counsel: Vancouver-based independent investment counsel serving individuals, families, foundations and institutions with pooled funds and balanced portfolios. Closely comparable Canadian boutique with the same direct-client fiduciary model, quality/value discipline, and cross-Canada footprint as Burgundy.

Broad incumbents

• Wellington Management: Global, employee-owned investment manager with deep fundamental equity and credit platforms serving institutional clients worldwide. Comparable to Burgundy on the institutional equity, balanced and credit mandates, though at materially greater scale and breadth.
• CI Global Asset Management: Large Canadian asset manager distributing pooled and managed solutions to retail and institutional clients. Overlaps with Burgundy on the institutional equity and balanced mandate side and represents the broader-incumbent competitive alternative.
• Fiera Capital: Montreal-based publicly-traded asset manager offering a broad multi-affiliate platform across equities, fixed income, private alternatives and balanced solutions for institutional and private wealth clients. Larger and more diversified than Burgundy, but a comparable Canadian institutional asset manager competing for similar mandates.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/burgundy-asset-management
• Xx.com/burgundyasset

Revenue estimate

Valuation estimate

Number of profiles

Profiles22 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Burgundy Asset Management