{"url":"https://nivawealth.com/firms/rbc-capital-markets-31194","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/31194","regulatoryAum":310428968904,"crd":"31194","secFileNumber":"801-13059","legalName":"RBC Capital Markets, LLC","displayName":"RBC Capital Markets","website":null,"founded":null,"organization":"Minnesota limited liability company","fiscalYearEnd":"October","headquarters":{"street":"200 Vesey ST.","city":"New York","state":"NY","stateName":"New York","country":"United States","postalCode":"10281"},"tradeNames":["RBC Clearing and Custody","RBC Wealth Management"],"registration":{"secApproved":"2 June 1977","noticeFilings":null,"latestNoticeFiling":null},"staff":{"employees":8781,"advisory":5908,"brokerDealerReps":6457,"insuranceAgents":2595,"promoters":39},"aum":{"discretionary":235345268053,"discretionaryAccounts":417652,"nonDiscretionary":75083700851,"nonDiscretionaryAccounts":94219,"wrapProgram":310428968904,"nonUsClientsPct":1,"nonAumClients":1893},"clientTypes":[{"label":"Individuals (other than HNW)","clients":263588,"regulatoryAum":182247279546},{"label":"High-net-worth individuals","clients":12350,"regulatoryAum":98498809440},{"label":"Banking or thrift institutions","clients":7,"regulatoryAum":55561030},{"label":"Pooled investment vehicles","clients":17,"regulatoryAum":651533555},{"label":"Pension and profit-sharing plans","clients":2335,"regulatoryAum":2670518609},{"label":"Charitable organizations","clients":2222,"regulatoryAum":10797612893},{"label":"State or municipal government entities","clients":215,"regulatoryAum":1243218500},{"label":"Insurance companies","clients":105,"regulatoryAum":445270565},{"label":"Corporations and other businesses","clients":3071,"regulatoryAum":13819164766}],"fees":[],"feeNotes":[],"custodians":[],"custodyNote":"RBC Capital Markets has custody of $308.85B for 282,307 clients.","otherCustodians":[],"leadership":[{"name":"Thomas Steven Sagissor","title":"President of RBC Wealth Management","crd":"2429425"},{"name":"Brett Lane Thorne","title":"President, RBC Clearing & Custody","crd":"2523268"},{"name":"Paul Adam Carlesimo","title":"Chief Compliance Officer, RBC Capital Markets - U.S.","crd":"4718504"},{"name":"Sean Walter O'Connor","title":"Chief Compliance Officer, RBC Wealth Management - U.S.","crd":"6578918"},{"name":"Kristen Elizabeth Espenak","title":"Chief Risk Officer, USA","crd":"5570750"},{"name":"Dorje Tsering Glassman","title":"Co-Head of U.S. Capital Markets Law Group","crd":"6568226"},{"name":"John Christopher Penn","title":"General Counsel","crd":"5135403"},{"name":"Jennifer Lee Ricatti","title":"Principal Financial Officer","crd":"4404128"},{"name":"Cindy Louise Schreiner","title":"US Wealth Management Principal Operations Officer","crd":"1470050"},{"name":"Vito Antonio Sperduto","title":"Director, CEO of U.S. Capital Markets & Chairman of the Board","crd":"2524961"}],"ownership":[{"label":"RBC USA Holdco Corporation","detail":"Direct owner in the 75% or more ownership band and a control person, since November 2010."},{"label":"Royal Bank of Canada","detail":"Indirect owner: a ultimate owner of RBC US Group Holdings LLC in the 75% or more band and a control person, since November 2010.","parent":"RBC US Group Holdings LLC"},{"label":"RBC US Group Holdings LLC","detail":"Indirect owner: a indirect owner of RBC USA Holdco Corporation in the 75% or more band and a control person, since June 2018.","parent":"RBC USA Holdco Corporation"}],"branchOffices":null,"filedOffices":{"otherThanPrincipal":382,"privateResidences":0},"listedOfficeAddresses":26,"officesByState":[{"state":"California","offices":2,"addresses":[{"street":"9465 Wilshire Boulevard","city":"Beverly Hills"},{"street":"345 California Street","city":"San Francisco"}]},{"state":"Colorado","offices":1,"addresses":[{"street":"5251 DTC Parkway","city":"Greenwood Village"}]},{"state":"Georgia","offices":1,"addresses":[{"street":"3550 Lenox Road","city":"Atlanta"}]},{"state":"Indiana","offices":1,"addresses":[{"street":"8888 Keystone Crossing","city":"Indianapolis"}]},{"state":"Kansas","offices":1,"addresses":[{"street":"4001 W. 114th Street","city":"Leawood"}]},{"state":"Maryland","offices":2,"addresses":[{"street":"225 Schilling Circle","city":"Hunt Valley"},{"street":"1906 Towne Centre BLVD","city":"Annapolis"}]},{"state":"Massachusetts","offices":1,"addresses":[{"street":"53 State Street","city":"Boston"}]},{"state":"Minnesota","offices":3,"addresses":[{"street":"250 Nicollet Mall","city":"Minneapolis"},{"street":"641 Lake ST E","city":"Wayzata"},{"street":"7650 Edinborough Way","city":"Edina"}]},{"state":"New Jersey","offices":1,"addresses":[{"street":"200 Park Avenue","city":"Florham Park"}]},{"state":"New York","offices":3,"addresses":[{"street":"200 Vesey ST.","city":"New York","headquarters":true},{"street":"5786 Widewaters Pkwy","city":"Syracuse"},{"street":"1211 Avenue of the Americas","city":"New York"}]},{"state":"Oregon","offices":1,"addresses":[{"street":"805 SW Broadway","city":"Portland"}]},{"state":"Pennsylvania","offices":1,"addresses":[{"street":"Six Tower Bridge","city":"Conshohocken"}]},{"state":"Rhode Island","offices":1,"addresses":[{"street":"500 Exchange Street","city":"Providence"}]},{"state":"Texas","offices":4,"addresses":[{"street":"100 Crescent Court","city":"Dallas"},{"street":"750 Town and Country BLVD","city":"Houston"},{"street":"1980 Post Oak BLVD","city":"Houston Galleria"},{"street":"1 Cowboys Way","city":"Frisco"}]},{"state":"Virginia","offices":1,"addresses":[{"street":"8010 Towers Crescent Drive","city":"Vienna"}]},{"state":"Washington","offices":2,"addresses":[{"street":"1918 8th Avenue","city":"Seattle"},{"street":"3760 Carillon Point","city":"Kirkland"}]}],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"212-858-7000","stateRegisteredReps":3750,"otherAdviserReps":0,"compensation":["A percentage of assets under management","Fixed fees (other than subscription fees)"],"activities":["Financial planning services","Portfolio management for individuals and/or small businesses","Portfolio management for pooled investment vehicles (other than investment companies)","Portfolio management for businesses (other than small businesses) or institutional clients","Pension consulting services","Selection of other advisers (including private fund managers)","Educational seminars/workshops","Other"],"financialPlanningClients":"51-100","assetMix":[{"label":"Exchange-traded equity securities","percent":42},{"label":"Non-exchange-traded equity securities","percent":2},{"label":"U.S. government/agency bonds","percent":3},{"label":"U.S. state and local bonds","percent":4},{"label":"Investment grade corporate bonds","percent":2},{"label":"Derivatives","percent":1},{"label":"Securities issued by registered investment companies or business development companies","percent":41},{"label":"Cash and cash equivalents","percent":5}],"privateFunds":0},"sources":{"adv1FilingDate":"30 September 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/31194/PDF/31194.pdf","brochureDate":null,"brochureUrl":null,"iapdCompiledDate":null,"retrievedDate":"15 October 2026","retrievedOn":"2026-10-15","adv1Pages":{},"brochurePages":{}},"otherBusiness":[],"faq":[{"question":"How many clients does RBC Capital Markets have?","answer":"RBC Capital Markets has 283,910 clients and manages $310.4 billion for them, as of September 2026. They include 263,588 other individuals, 12,350 high-net-worth individuals and 3,071 corporations and other businesses.","source":"Form ADV Part 1A, Items 5.D and 5.F, filed 30 September 2026","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does RBC Capital Markets offer?","answer":"RBC Capital Markets provides financial planning, portfolio management for individuals and small businesses, portfolio management for pooled vehicles, portfolio management for institutions, pension consulting, selecting other managers, educational seminars and other activities.","source":"Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How many financial advisors does RBC Capital Markets have?","answer":"RBC Capital Markets has 3,750 investment adviser representatives registered with state securities authorities, out of 8,781 employees, and 5,908 perform investment advisory functions. 6,457 are registered representatives of a broker-dealer and 2,595 are licensed insurance agents.","source":"Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What does RBC Capital Markets invest in?","answer":"At the end of its last fiscal year, RBC Capital Markets’ separately managed accounts held 42% exchange-traded equities, 41% registered funds (mutual funds, ETFs, BDCs), 5% cash and equivalents, 4% state and local bonds, 3% U.S. government and agency bonds, 2% non-exchange-traded equities, 2% investment grade corporate bonds and 1% derivatives. It advises no private funds of its own.","source":"Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Who owns RBC Capital Markets?","answer":"RBC Capital Markets is owned through a chain of holding companies by Royal Bank of Canada. Its direct owner is RBC USA Holdco Corporation (75% or more).","source":"Form ADV Part 1A, Schedules A and B, filed 30 September 2026","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does RBC Capital Markets get paid?","answer":"RBC Capital Markets is paid through a percentage of assets under management and fixed fees. Its Form ADV lists no commissions or performance-based fees among how it is paid.","source":"Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}}],"holdings":null,"notice":"Compiled from public SEC Form ADV filings on the dates in `sources`. Facts as filed; not a rating, ranking, or recommendation. Niva Wealth is not affiliated with this firm. Disciplinary history is deliberately not included here or on the page; the SEC publishes the complete record at the `iapdUrl` above."}