TD Private Investment Counsel

Individual clients are assigned a dedicated portfolio manager or investment counselor who makes discretionary asset-allocation decisions within a TD-governed framework. The investment shelf itself is constructed and vetted by TD Wealth's centralized investment office and TD Asset Management. Group leadership ultimately reports to Raymond Chun, who leads TD Wealth Management & TD Insurance.

No. It is a discretionary wealth management unit inside a large Canadian bank, serving multiple ultra-high-net-worth families with a standardized but customizable investment platform. It provides many of the same services — consolidated reporting, tax planning, estate advisory, alternative investments — but without the fully bespoke entity structure a dedicated single-family office would maintain. The setup resembles a multi-family office embedded within a deposit-taking institution.

The group offers private equity, private credit, real estate, infrastructure, and hedge fund strategies. Access is primarily through TD-managed pooled funds and external general partners on the bank's approved platform. Direct co-investment opportunities are available but typically reserved for the largest family relationships.

The group targets Canadian families and business owners with CAD $5 million or more in investable assets. For families that also maintain significant commercial banking or investment banking relationships with TD, the threshold may be applied holistically across the total relationship.

It is a division of TD Wealth, which is itself a business line of Toronto-Dominion Bank — one of Canada's largest publicly traded financial institutions. The relationship gives PIC clients access to the bank's proprietary investment products, private debt origination, and balance-sheet lending that independent wealth managers cannot offer.

In 2024, TD expanded its family-office advisory capabilities specifically to include philanthropic planning and intergenerational wealth transfer services. This addresses the succession needs of aging Canadian entrepreneurs, often involving charitable foundations, donor-advised funds, and multi-generational trust structures managed in coordination with TD's tax and estate specialists.

The group primarily accesses private markets through fund commitments — both to TD Asset Management's internal institutional funds and to vetted external general partners in private equity, private credit, real estate, and infrastructure. Direct co-investment and direct real estate are possible for the largest relationships but are not the default mandate.