Website: td.com/ca/en/asset-management
Head office address (Canada): TD Canada Trust Tower, 161 Bay Street, 34th Floor, Toronto, ON M5J 2T2
Year established: 1993
Ownership structure: fully owned by The Toronto-Dominion Bank
Target market/client profile: corporations, pension plans, retail investors, insurance companies, foundations, and endowments
Number of professional staff: over 220 investment professionals
Canadian office locations: Toronto (head office), Montreal, Regina, and Winnipeg
TD Asset Management Inc. (TDAM) is a Canadian investment manager headquartered in Toronto. The firm serves institutional clients and retail investors through mutual funds, ETFs, and tailored mandates. Its total AUM reached $508 billion as of December 31, 2025.
TDAM’s roots go back further than its formal name. The investment management work that became TD Asset Management started in 1987 as a division within Toronto Dominion Securities Inc.
By 1990, that team had set up a dedicated Institutional Indexing group. A year later, it added balanced, Canadian bond index, and Canadian equity index strategies for early pension clients.
In 1993, TD Asset Management Inc. was formally created in Toronto. The launch came alongside a merger with Lancaster Investment Counsel Inc., a fundamental-strategy firm that gave TDAM its first active equity capability.
A few years later, in 1996, the company acquired AMI Partners Inc. to add indexed, quantitative, and structured solutions. Then in 2000, it combined with CT Investment Management Group, Greydanus, Boeckh & Associates, and Harbour Capital Management.
The same year, TD Asset Management built out customized Asset Liability Management solutions for Canadian pension plans.
Two acquisitions later shaped what TDAM could offer. In 2013, parent TD Bank Group acquired New York-based Epoch Investment Partners, Inc. to add global and US active fundamental equity strategies.
Five years later, TD Asset Management acquired Greystone Capital Management Inc., a Regina-based firm focused on alternatives. The two merged into a single TDAM in 2019.
As a result, the company broadened its Canadian institutional offering in real estate, infrastructure, and commercial mortgages. In May 2025, the TDAM real estate team told Benefits and Pensions Monitor (BPM) that the asset class had returned to delivering equity-like returns with bond-like volatility.
The most recent chapter brought the global business under one roof. In April 2023, TD Global Investment Solutions (TDGIS) launched as the trade name for the institutional asset management businesses of TD Bank Group. The umbrella covers TDAM in Canada and the renamed TD Epoch in the US.
Since then, the firm has continued to publish market commentary for plan sponsors through publications like BPM. In TD Asset Management’s February 2026 outlook, CEO David Sykes flagged the Canada–US–Mexico trade agreement renewal as a factor to watch for the year.
TDAM offers a range of investment solutions for institutional and retail clients across public and private markets:
TD Asset Management also distributes through authorized dealers, third-party intermediaries, and its institutional sales team under the TDGIS umbrella. The firm’s product menu has expanded steadily since 2019, when the merger with Greystone widened access to Canadian alternatives.
David Sykes, CFA, serves as CEO of TD Asset Management and TD Epoch, and as EVP of TD Bank Group. He stepped into the CEO role after serving as chief investment officer at TDAM. Sykes holds degrees from Saint Mary’s University, the University of Oxford, and the London School of Economics.
TD Asset Management’s senior team supports Sykes across investments, distribution, governance, and operations:
As a wholly-owned subsidiary, TDAM reports into TD Bank Group rather than maintaining its own independent board. Its governance ties into TD’s enterprise-wide risk, regulatory, and accessibility frameworks.
TD Asset Management serves both institutional clients and retail investors throughout Canada. Institutional clients include:
On the retail side, the firm manages assets for roughly 3 million unitholders through its mutual fund and ETF lineup.
TD Asset Management’s institutional book is anchored in the Canadian pension market. As of 2023, the firm held nearly $195 billion in institutional assets and around $143 billion in defined benefit assets.
The company markets its institutional services through the TDGIS brand, which also covers TD Epoch in the US. Total firm assets reached $508 billion as of December 31, 2025, including $204 billion in retail mutual funds. TDGIS extends TDAM’s reach to a growing international client base alongside its Canadian core.
TD Asset Management appears in the following BPM directories under its TDGIS institutional brand:
TD Asset Management has earned fund-performance recognition and stays active in the country’s institutional and responsible investment dialogue.
TD Asset Management contributes to industry dialogue through consultations with regulators and standard-setters. The firm has provided feedback to the Canadian Securities Administrators, the Canadian Coalition for Good Governance, and the Alberta Securities Commission on ESG disclosure, governance, and diversity rules.
In 2025, TDAM published its annual outlook for plan sponsors through BPM, covering rates, US and Canadian growth, and tariff dynamics. The piece is one example of the firm’s regular contribution to the country’s pension industry commentary.
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