What Cypress Capital Management Ltd. does

Cypress Capital Management Ltd. is a Vancouver-based, privately held discretionary investment management firm founded in October 1998 that serves high-net-worth individuals, families, foundations, businesses, and Canadian institutional clients. The firm has grown to approximately $5.5 billion in assets under management across close to 1,700 households and institutions as of March 31, 2026, delivered through a senior team of seven CFA-designated portfolio managers supported by an administrative staff of nearly twenty. Since June 30, 2004 it has operated as a wholly owned subsidiary of AGF Management Ltd., while retaining independent investment strategies and an independent investment team.

The firm's product set centers on discretionary portfolio management delivered as private client mandates and institutional mandates spanning General Canadian Equity, Small-Cap, Real Estate, High-Yield, Income, and Oil & Gas strategies, with an optional ESG integration overlay for sector exclusions. All client assets are held in custody by Raymond James under a third-party arrangement, with custodial fees bundled into Cypress's management fee. Portfolio managers construct, monitor, and rebalance portfolios directly, supported by a proprietary portfolio management system and supplemented by quarterly market reports, annual tax and performance summaries, and an investor education content library.

Cypress generates revenue through quarterly, arrears-based management fees calculated on total AUM under a decreasing-tier schedule that begins at 0% on the first $1 million and steps down across subsequent tiers, with family assets pooled to maximize fee-tier benefits. The go-to-market motion is referral-driven — the firm explicitly states existing clients are its salesforce — with no marketing or advertising spend and no account minimum. The firm is regulated primarily by the B.C. Securities Commission and operates exclusively within Canada.

Name

Cypress Capital Management Ltd.

Legal name

Cypress Capital Management Ltd.

Website

https://cypresscap.com

Company type

Private

Founded year

1998

Operating status

Operating

Short description

Cypress Capital Management is an independent, Vancouver-based discretionary investment manager serving Canadian high-net-worth individuals, families, foundations, and institutional clients across $5.5 billion in AUM, operating as a wholly owned subsidiary of AGF Management Ltd.

Ownership category

akta.pro rank

Product category

Investment Management

NAICS

Portfolio Management and Investment Advice (523940)

SIC

Investment Advice (6282)

akta.pro primary industry

Discretionary Portfolio Management (Retail) (FSAAAAAH)

akta.pro secondary industries

Advisory Portfolio Management (Non-Discretionary) (FSAAABAD), Stewardship & Active Ownership (Engagement, Proxy Voting, Shareholder Advocacy) (FSAAALAD)

Keywords

• Discretionary portfolio management
• Wealth management services
• Institutional equity mandates
• Canadian investment management
• Independent portfolio advisory

Headquarters

HQ city

Vancouver

HQ country

Canada

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Others

Revenue model

1. Discretionary Portfolio Management Fees: Quarterly management fees charged in arrears based on total market value of assets under management. Fee is inclusive of all trading, reporting, and custody. Decreasing fee schedule for larger asset totals with family assets pooled together for fee calculation purposes.

Pricing tiers

Go-to-market motion2 records

Distribution channels2 records

Marketing channels3 records

Core offering

Cypress Capital Management provides comprehensive discretionary portfolio management services for individuals, families, foundations, businesses, and institutional clients across Canada. Portfolio managers construct and continuously rebalance portfolios tailored to each client's long-term goals across all account types (Trusts, Personal, Corporations, Charities, Registered), with optional ESG mandates and bundled custody, trading, and reporting. Quarterly and annual reports accompany the discretionary mandates.

Product overview

Cypress Capital Management offers a unified portfolio management platform providing discretionary investment management services through three interconnected offerings: Private Client Mandates for individuals, families, foundations, and businesses; Institutional Client Mandates covering Canadian equity strategies including General Canadian Equity, Small-Cap, Real Estate, High-Yield, Income, and Oil & Gas; and an optional ESG Integration add-on for responsible investing preferences. All clients receive quarterly portfolio reports and annual tax/performance summaries as part of the service. The firm focuses exclusively on individual bonds, equities, and exchange-traded funds without product-selling pressure.

Differentiator

Problem solved

Functional benefit

Products and services

• Discretionary Portfolio Management Services

Quantifiable outcome

• $5.5 billion in assets under management across close to 1,700 households and institutions as of March 2026
• +2 more outcomes

Named customers3 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• Raymond JamescoreTechnology or IntegrationThird-party custodian for client assets. Raymond James provides online access platform for clients. All custodial fees included in fees paid to Cypress. This partnership allows Cypress to maintain independence in custody while providing professional custodial services.

Scale indicators5 records

Recent moves4 records

Expansion highlights5 records

Direct peers

• Jarislowsky Fraser: Canadian independent investment manager (now part of RBC GAM) serving institutional and private wealth clients with concentrated Canadian equity capabilities. Comparable to Cypress on Canadian equity institutional mandate focus and long-term discretionary approach.
• PWL Capital: Canadian independent wealth manager providing fee-only discretionary portfolio management to HNW families and institutions. Directly comparable to Cypress in independence stance, advisor-direct model and Canadian HNW target market.
• Leith Wheeler Investment Counsel: Vancouver-based independent investment counsel providing discretionary portfolio management to private clients, foundations and institutions in Western Canada. Highly comparable to Cypress on geography, independent boutique positioning and HNW/institutional mix.
• Letko Brosseau: Montreal-based independent investment manager providing discretionary portfolio management to institutional and private clients across Canadian and global strategies. Comparable to Cypress on independent boutique model and HNW/institutional dual focus.
• Dixon Mitchell Investment Counsel: Vancouver-based independent discretionary investment counsel serving HNW private clients and foundations in Canada. Directly comparable to Cypress in size, fee-only structure, Canadian equity focus and boutique model — and former employer of Cypress PM Rob McConnachie.
• Fiera Capital: Canadian independent asset manager serving institutional, private wealth and retail channels across Canadian equity, fixed income and alternative strategies. Comparable to Cypress on institutional Canadian equity mandates and pooled fund vehicles.
• Mawer Investment Management: Calgary-based independent investment manager serving both private wealth and institutional clients across multiple Canadian and global equity mandates. Comparable to Cypress in independent fee-only philosophy, multi-strategy mandate offering and HNW/institutional dual focus.
• Connor, Clark & Lunn: Canadian independent investment manager offering institutional, private wealth and pooled fund mandates across Canadian and global strategies. Comparable to Cypress in independent ownership, multi-strategy institutional offering and HNW/institutional dual channel.

Broad incumbents

• AGF Investments: Direct parent-affiliated investment arm of AGF Management Ltd. Provides multi-asset institutional and retail investment solutions with broader product breadth. Comparable as Cypress's parent platform but with significantly wider mandate and distribution scope.
• Richardson Wealth: Canadian wealth management platform serving HNW individuals, families and institutions with discretionary and advisory services. Comparable to Cypress on Canadian HNW target market but operates at greater scale with advisor-network distribution model.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

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 Cypress Capital Management Ltd.