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.
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 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. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
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.
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.
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.