1832 Asset Management

What 1832 Asset Management does

1832 Asset Management L.P. is the Canadian asset management subsidiary of The Bank of Nova Scotia (Scotiabank), operating under the Scotia Global Asset Management umbrella to deliver multi-asset, multi-manager investment solutions. The firm offers investment products and portfolio solutions spanning equities, fixed income, multi-asset strategies, and alternatives through multiple brands, including its proprietary Dynamic division (actively managed mutual funds and ETFs), Tangerine Investment Funds (socially responsible portfolios), ScotiaFunds, and Scotia ETFs. It also serves as a sub-adviser for institutional mandates, most recently appointed in May 2026 to sub-advise four MD Financial Management funds alongside Pzena, Janus Henderson, and Hillsdale.

The firm's core technology is an investment management platform supporting diversified product construction, portfolio solutions, and sub-advisory operations across all major asset classes. Its operational and distribution infrastructure is fully embedded within Scotiabank's broader wealth management ecosystem, which includes Jarislowsky Fraser Limited, Scotia Capital Inc., and Scotia Securities Inc. as affiliated distributors, with international affiliates extending reach into Chile, Peru, Mexico, the Cayman Islands, and Jamaica.

1832 Asset Management generates revenue through management fees charged as a percentage of assets under management on its mutual funds, ETFs, and other investment vehicles. Distribution occurs through Scotiabank's Canadian branch network and advisor force, self-directed online platforms (ScotiaFunds and Tangerine), institutional sub-advisory relationships, and international affiliates. The firm serves a hybrid mix of customer segments: Canadian retail investors (primary), accredited investors seeking private market exposure, and institutional clients, using a segmentation approach that spans both personas and size tiers.

Name

1832 Asset Management

Legal name

1832 Asset Management L.P.

Website

https://1832.ca

Company type

Private

Founded year

2002

Operating status

Operating

Short description

1832 Asset Management is a Toronto-based subsidiary of The Bank of Nova Scotia operating under Scotia Global Asset Management, delivering multi-asset investment solutions across mutual funds, ETFs, and private assets to Canadian retail, accredited, and institutional investors.

Ownership category

akta.pro rank

Product category

Asset Management

NAICS

Portfolio Management and Investment Advice (523940), Open-End Investment Funds (525910), Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523)

SIC

Investment Advice (6282)

akta.pro primary industry

Advisory Portfolio Management (Non-Discretionary) (FSAAABAD)

Keywords

• Asset management services
• Mutual fund management
• Investment management
• Portfolio management
• Exchange-traded funds

Headquarters

HQ city

Toronto

HQ country

Canada

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Investment Management Fees: 1832 Asset Management generates revenue through management fees charged on mutual funds, ETFs, and other investment products managed under the ScotiaFunds, Dynamic, and Tangerine Investment Funds brands.

Go-to-market motion1 record

Distribution channels5 records

Marketing channels4 records

Core offering

1832 Asset Management L.P. is the Canadian asset management subsidiary of The Bank of Nova Scotia (Scotiabank), operating as part of Scotia Global Asset Management. It manages mutual funds, ETFs, and portfolio solutions across multiple brands including Dynamic, ScotiaFunds, Scotia ETFs, and Tangerine Investment Funds, and acts as sub-adviser for institutional clients such as MD Financial Management. The firm delivers multi-asset, multi-manager investment capabilities spanning equities, fixed income, multi-asset portfolios, and alternatives for Canadian retail and institutional investors.

Product overview

1832 Asset Management L.P. is a subsidiary of The Bank of Nova Scotia (Scotiabank) operating under the Scotia Global Asset Management umbrella. The company offers a multi-brand investment management platform including its proprietary Dynamic division (actively managed funds across fixed income and equity categories), Tangerine Investment Funds (socially responsible investment portfolios), and manages funds under the ScotiaFunds and Scotia ETFs brands. The company also serves as sub-adviser for MD Financial Management funds including MD American Growth Fund, MD American Value Fund, MD Equity Fund, and MDPIM US Equity Pool. In March 2026, Dynamic launched the Diversified Private Assets Fund to expand into private markets solutions for accredited investors.

Differentiator

Problem solved

Functional benefit

Brands

• Dynamic: A division of 1832 Asset Management L.P. offering mutual funds, ETFs, and alternative investment solutions. Awarded nine FundGrade A+ Awards in 2025 for investment performance.
• Tangerine Investment Funds
• ScotiaFunds

Products and services

• Dynamic Funds Division of 1832 Asset Management L.P. offering actively managed investment funds across multi-sector fixed income, preferred share fixed income, Canadian equity balanced, and global equity balanced categories. Multiple funds under this brand have received FundGrade A+ Awards for consistent outstanding risk-adjusted performance.
• Tangerine Investment Funds
• ScotiaFunds Mutual fund brand under Scotia Global Asset Management covering domestic, international, and specialty funds across all asset classes, regions, and investment styles, distributed through Scotiabank's branch network and the ScotiaFunds website.
• Scotia ETFs Exchange-traded funds including Scotia Index Tracker ETFs and Scotia Responsible Investing ETFs, offering low-cost solutions that track the performance of specified indices.
• MD American Growth Fund (sub-advisory) Mutual fund for which 1832 Asset Management L.P. serves as sub-adviser, focusing on US equity investments; offered through MD Financial Management Inc.
• MD American Value Fund (sub-advisory) Mutual fund for which 1832 Asset Management L.P. serves as sub-adviser, focusing on US value equity investments; offered through MD Financial Management Inc.
• MD Equity Fund (sub-advisory) Mutual fund for which 1832 Asset Management L.P. serves as sub-adviser, focusing on equity investments; offered through MD Financial Management Inc.
• MDPIM US Equity Pool (sub-advisory) Pooled fund for which 1832 Asset Management L.P. serves as sub-adviser, focusing on US equity investments; offered through MD Financial Management Inc.
• Dynamic Diversified Private Assets Fund Evergreen multi-asset, multi-manager private assets fund under the Dynamic brand providing accredited Canadian investors with single-ticket access to diversified private equity, private credit, and private real assets through quarterly subscriptions.

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Seven partnerships are on record, tiered core.

• MD Financial Management Inc.coreChannel Partner/ Reseller/ Distributor · 29 May 2026MD Financial Management Inc. appointed 1832 Asset Management L.P. as sub-adviser for four of its funds (MD American Growth Fund, MD American Value Fund, MD Equity Fund, and MDPIM US Equity Pool) effective May 29, 2026. The sub-advisory structure continues to include Pzena Investment Management, Janus Henderson Investors US LLC, and Hillsdale Investment Management.
• Pzena Investment ManagementcoreStrategic or Co-development PartnerCo-sub-adviser alongside 1832 Asset Management for certain MD Financial Management funds, contributing specialized investment strategies.
• Janus Henderson Investors US LLCcoreStrategic or Co-development PartnerCo-sub-adviser alongside 1832 Asset Management for certain MD Financial Management funds, providing US equity investment expertise.
• Hillsdale Investment ManagementcoreStrategic or Co-development PartnerCo-sub-adviser alongside 1832 Asset Management for certain MD Financial Management funds, contributing additional investment management capabilities.
• Jarislowsky, Fraser LimitedcoreChannel Partner/ Reseller/ DistributorAffiliate investment management firm within Scotiabank's wealth management ecosystem that distributes Scotia Global Asset Management solutions.
• Scotia Capital Inc.coreChannel Partner/ Reseller/ DistributorScotia GBM entity that distributes Scotia Global Asset Management investment products including funds and portfolio solutions.
• Scotia Securities Inc.coreChannel Partner/ Reseller/ DistributorScotiabank subsidiary that distributes Scotia Global Asset Management investment products to retail investors.

Scale indicators1 record

Recent moves6 records

Expansion highlights5 records

Direct peers

• Fidelity Canada: Canadian arm of Fidelity Investments offering mutual funds, ETFs, and portfolio services to retail and institutional clients. Comparable product breadth and Canadian retail focus.
• RBC Global Asset Management: Royal Bank of Canada's in-house asset manager offering mutual funds, ETFs, and institutional mandates across similar asset classes (equities, fixed income, multi-asset, alternatives). Closest direct comparable as another major Canadian bank-owned asset manager serving retail and institutional clients.
• TD Asset Management: Asset management arm of TD Bank, distributing mutual funds and ETFs through TD's Canadian branch network and direct channels. Comparable business model as a captive bank-owned asset manager with multi-brand product lineups.
• BMO Global Asset Management: Bank of Montreal's asset management subsidiary offering mutual funds, ETFs, and institutional sub-advisory. Direct competitor to 1832 AM in Canadian retail and institutional segments with similar bank distribution channels.
• CIBC Asset Management: Canadian Imperial Bank of Commerce's asset management business offering mutual funds and portfolio solutions distributed through CIBC branches and advisors. Direct bank-owned peer in the same competitive set.
• Mackenzie Investments: One of Canada's largest independent asset managers (part of IGM Financial/ Power Corporation), offering mutual funds, ETFs, and sub-advisory services. Comparable product mix and target customer base, though distributed independently rather than via a single bank channel.
• Manulife Investment Management: Global asset management arm of Manulife Financial offering mutual funds, ETFs, and institutional mandates across equities, fixed income, and alternatives. Comparable multi-channel Canadian retail and global institutional asset management franchise.
• IG Wealth Management: Canadian wealth and asset management platform (part of IGM Financial) offering mutual funds and advisory services through a national advisor network. Comparable retail distribution model and fund lineup.

Others

• Jarislowsky Fraser: Affiliate Canadian investment manager under Scotiabank's Global Wealth umbrella, distributing investment solutions through the same Scotiabank ecosystem. Internal peer within the broader Scotia Global Asset Management platform.

Broad incumbents

• BlackRock Canada: Canadian operations of the world's largest asset manager offering iShares ETFs and institutional mandates. Comparable product categories with significant scale advantage and low-cost passive offerings that pressure Canadian bank-owned managers.

Market position

Strengths5 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights5 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 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 1832 Asset Management