Rbc Capital Markets, LLC (New York)

Name: Rbc Capital Markets, LLC
Address: 3 World Financial Center, New York, NY, 10281
Telephone: 212-858-7000

Rbc Capital Markets, LLC is a large advisory firm based in New York. It manages $118.73 billion of regulatory assets for 293,129 client accounts. It has been registered with the SEC as an adviser since 2010 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 49 other states.

Rbc Capital Markets provides financial planning services, portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, pension consulting services, selection of other advisers, educational seminars and workshops, and service public & private employee benefit plans, endowment funds, foundations, family trusts & various capital/operating funds. It prepares financial plans for more than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Rbc Capital Markets: assets under management

The assets under management (AUM) of Rbc Capital Markets, LLC is $118.73 billion. The firm's AUM has grown by 246% since the beginning of its operation, and $500.08 million of the total AUM is attributable to clients outside of the United States.

The firm manages $68.54 billion in discretionary accounts and $50.19 billion in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $346.71 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $525.92 thousand.

Rbc Capital Markets has custody of $108 billion in cash and securities for 134,375 clients in total and acts as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 45% of the total AUM. The second-largest asset type is exchange traded securities, which make up 38% of the firm’s portfolio. Investments in cash and cash equivalents form 7% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Rbc Capital Markets, LLC for their services and products based on a percentage of assets under management, fixed fees, and commissions. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Rbc Capital Markets serves?

The firm provides services to individuals, insurance companies, charitable organizations, high net worth individuals, pooled investment vehicles, banking or thrift institutions, corporations or other businesses, pension and profit sharing plans, and state or municipal government entities. The largest group of clients of Rbc Capital Markets is individuals with 127,646 clients and $70.79 billion of assets under management. Among the 9 most similar advisory firms, Rbc Capital Markets has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $108.86 billion for 136,600 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.

Rbc Capital Markets also advises several private funds.

Careers at Rbc Capital Markets, LLC

The company employs 7,576 people that are either part- or full-time employees. 24 percent of the employees work as investment advisers or researchers. 2,974 employees are registered as investment adviser representatives with the state securities authorities.

There are 40 people with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Steven J Decicco	Md, chief financial officer	1 Feb 2008	Other	3240084
Richard Joseph Tavoso	Md, head of global arbitrage trading	1 Feb 2008	Other	1957029
V. Troy Maxwell	Non employee board member	1 Feb 2008	Other	5497651
Alex Douglas Mr. Mcgregor	Non employee board member	1 Feb 2008	Other	4715919
Mary Ellen Zimmer	Evp, board member	1 Feb 2008	Other	2455924
Thomas Bryan Donovan	Managing director, chief operations officer	1 Feb 2008	Other	860963
Melville George Lewis	Non employee board member	1 Feb 2008	Other	5497649
Bryan Kenneth Osmar	Non employee board member	1 Feb 2008	Other	5497648
Michael Robert Kavanagh	Evp, cao, rbc wealth management & board member	1 Feb 2009	Other	1021014
Mark Allan Standish	Chairman of the board	1 Feb 2009	Other	2223303
Howard R Plotkin	Md, chief compliance officer	1 Jan 2010	Other	1970722
Richard Troy Chase	General counsel	1 Jan 2010	Other	2949113
Joseph Daniel Fleming	Sr. vp, chief compliance officer, wealth management	1 Oct 2010	Other	2093776
Rbc Usa Holdco Corporation	Direct owner	1 Nov 2010	75% - 100%	20-0563684
John Godfrey Taft	President & board member	1 Nov 2010	Other	1007933
Deborah Anne Freer	Ceo and coo	1 Nov 2010	Other	2580102
Thomas Steven Sagissor	Sr. vp, board member	1 Jan 2011	Other	2429425
Cathleen Bridget Tobin	Sr. md, board member	1 Jan 2011	Other	1902086
John Godfrey Taft	President, ceo & board member	1 Jan 2011	Other	1007933
Deborah Anne Freer	Md, chief operating officer	1 Jan 2011	Other	2580102
John Godfrey Taft	President & board member	1 Jun 2011	Other	1007933
Clinton Dale Lively	Non employee board member	1 Jun 2011	Other	5952520
Deborah Anne Freer	Chief executive officer, chief operating officer & board member	1 Jun 2011	Other	2580102
Matthew Todd Demonte	Md, chief operations officer	1 Feb 2014	Other	5004317
Blair Fleming	Md, chairman of the board	1 Mar 2014	Other	5704028
Blair Fleming	Chief executive officer & chairman of the board	1 Jul 2014	Other	5704028
John J Thurlow	Managing director, chief operating officer	1 May 2015	Other	5726613
Kevin Robert Genirs	Md, general counsel	1 Oct 2015	Other	5827358
Thomas Steven Sagissor	President of rbc wealth management, board member	1 Apr 2016	Other	2429425
Ahmed Kachenoura	Md, head global equity linked products	1 Aug 2016	Other	4825331
Brett Lane Thorne	Senior vice president, credit risk	1 Aug 2016	Other	2523268
Nadine Ahn	Non employee board member	1 Aug 2016	Other	6709312
Derek Arthur Neldner	Non employee board member	1 Aug 2016	Other	6709285
Thomas N Murphy	Md, head, us cm operations	1 Oct 2016	Other	4519183
John L. Weitzer	Md, chief compliance officer, capital markets	1 Nov 2016	Other	4350211
Wendy J Gorman	Non employee board member	1 Dec 2016	Other	6296245
Andrew Christopher Small	Senior vice president, chief compliance officer, wealth management	1 Mar 2017	Other	3068715
John L. Weitzer	Md, chief compliance officer, capital markets	1 Apr 2017	Other	4350211
David Craig Downie	Md, chief risk officer, usa	1 Jun 2017	Other	5077914
Eugene James Chiulli	Md, chief financial officer	1 Nov 2017	Other	2976702
John Christopher Walmsley	Interim general counsel	1 Feb 2018	Other	4226472
Andrew Christopher Small	Senior vice president, chief compliance officer, rbc wealth management - us	1 Apr 2018	Other	3068715
Elizabeth Eileen Bailey	Md, chief compliance officer, rbc capital markets - us	1 Apr 2018	Other	4154255
John Christopher Walmsley	Head of us capital markets law group	1 May 2018	Other	4226472
Matthew Ross Stopnik	Co-head, us investment banking & board member	1 Nov 2018	Other	2580834
Andrew Christopher Small	Senior vice president, chief compliance officer	1 Nov 2018	Other	3068715
Jonathan Tsun Yin Yu	Non-employee board member	1 Jan 2019	Other	7074967
Andrew Christopher Small	Svp, chief compliance officer, rbc wealth management - u.s.	1 Feb 2019	Other	3068715
Ryan Joseph Taylor	Chief compliance officer, rbc capital markets - u.s.	1 Feb 2019	Other	4570484
Edward Gray	Interim principal financial officer	1 Feb 2019	Other	4246881

Indirect Owners

The SEC currently registers 2 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Royal Bank Of Canada	Ultimate owner	1 Nov 2010	75% - 100%	13-5357855
Rbc Us Group Holdings Llc	Direct owner	1 Jun 2018	75% - 100%	36-4903725

Based in New York

The principal office where Rbc Capital Markets, LLC performs its advisory services is located at 3 World Financial Center, New York, NY 10281, which is also the mailing address of the firm. An additional office of the firm is in Washington, DC. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 212-858-7000 or by fax 866-756-5765. The normal business hours are 8:00 a.m. - 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at rbccm.com.