Updated:
Tulett, Matthews & Associates
Tulett, Matthews & Associates is an independent, index-focused investment counsel based in Kirkland, Quebec, serving Canadian families with $1M+ since...
Tulett, Matthews & Associates
Tulett, Matthews & Associates opened in Montreal in 1996, co-founded by Don Tulett — who had earlier launched Tulett Financial Services in 1994 — and portfolio manager Keith Matthews. The firm holds no proprietary products and accepts no commissions, a deliberate architecture intended to sidestep the conflict-ridden distribution model that defines much of Canadian retail wealth management. The firm’s investment posture is defined by indexing. It constructs portfolios using low-cost, broadly diversified exchange-traded funds and mutual funds, steering clear of individual security selection. Client portfolios are managed on a discretionary basis, with allocations spanning Canadian, US, and international equities, alongside fixed income. The strategy deliberately avoids active manager bets, concentrating instead on tax-aware asset location and rebalancing discipline. Tulett, Matthews operates from a single office in Kirkland, Quebec, and lists a team of 14, including four Associate Portfolio Managers and a dedicated in-house financial planner. The firm services clients across the country, with a stated minimum of $1 million in investable assets. A podcast, a published book — 'The Empowered Investor' — and a series of guides serve as client-education anchors, a model that replaces sales pitches with plain-language content. The firm’s structure as an independent, privately owned shop — not a bank subsidiary — is its differentiator. There is no parent company pushing in-house funds, no commission grid influencing advice. The two co-founders remain active in portfolio management and client relationships, a continuity that shapes a governance model where the people who own the firm are also the people running the money.
General information
Firm type
Bank / Wealth / Trust
Year founded
1996
AUM
Undisclosed
Location
Region
North America
Country
Canada
City
Kirkland
Corporate office
3535 St-Charles Blvd, Suite 703, Kirkland, QC H9H 5B9, Canada
Principals
Keith Matthews
Managing Director & Portfolio Manager
Don Tulett
Controller & Portfolio Manager
Frequently asked questions
Does Tulett, Matthews & Associates manage money on a discretionary or non-discretionary basis?
The firm operates on a discretionary portfolio management basis. Once a client's investment policy statement is agreed upon, the team executes and rebalances the portfolio without requiring client approval for each transaction. This is reflected in the firm's regulatory registration and its team of licensed Portfolio Managers.
What is the firm’s core investment philosophy?
Tulett, Matthews employs an evidence-based, index-centric strategy. The firm constructs portfolios using low-cost ETFs and mutual funds to capture broad market returns rather than attempting to pick individual stocks. This approach is reinforced by the firm's own published content, including the book "The Empowered Investor" by Keith Matthews.
How does Tulett, Matthews & Associates charge for its services?
The firm operates on a fee-only, advice-based model. It explicitly states that it accepts no commissions and offers no in-house proprietary products, which it argues removes inherent conflicts of interest found in commission-based advisory relationships.
What is the minimum asset threshold for becoming a client?
The firm's services are best suited to individuals and families with $1 million or more in investable assets, as indicated on its contact page. This threshold helps ensure its comprehensive portfolio management and financial planning services are delivered efficiently.
Is Tulett, Matthews & Associates affiliated with a bank or larger financial institution?
No, it is an independent, privately owned investment counseling firm. It was founded in 1996 in Montreal and has remained a standalone entity. Custody of client assets is held with a third-party custodian, as is standard for independent advisory firms, though the specific custodian is not named on the firm's website.
Does the firm offer tax planning and preparation services?
Yes, in-house tax services are a key component of its unified wealth management offering. The team includes a dedicated tax preparer and the firm integrates tax planning directly into portfolio management to handle asset location and withdrawal sequencing.
Who are the key decision-makers for investment policy at the firm?
The primary investment decision-makers are Managing Director and Portfolio Manager Keith Matthews and Partner and Portfolio Manager Don Tulett. The firm's model is built around their direct oversight rather than a large, separate investment committee, with supporting portfolio managers executing and maintaining the firm's index-based strategies.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
Need institutional-grade insight on family offices?
Altss delivers:
Prefer a guided tour?
We’ll walk you through: