Broker-dealer firm · New York, NY
RBC Capital Markets, LLC
SEC-registered investment adviser · CRD 31194 · SEC 801-13059
At a glance
RBC Capital Markets, LLC is an SEC-registered investment adviser based in New York, New York, with $310.4 billion in regulatory assets under management as of its Form ADV filed September 30, 2026. Its largest client group by assets is individuals, and it reports 275,938 individual clients. By Form ADV it is a broker-dealer firm, ranked 11th of 391 broker-dealer firms and 83rd of 17,210 SEC-registered advisers by assets.
Main office 212-858-7000rbcwealthmanagement.comLinkedInAs filed on Form ADV
- Regulatory AUM
- $310B
- Rank among broker-dealer firms
- #11 of 391
- Rank among all SEC RIAs
- #83 of 17,210
- Rank in New York
- #17 of 2,591
- Individual clients
- 275,938
- High-net-worth clients
- 12,350
- Accounts
- 511,871
- Discretionary
- 76% of AUM
- Employees
- 8,781
- Advisory staff
- 5,908
- Offices
- 383
Owners and executives on its Form ADV
- Thomas Steven SagissorPresident of RBC Wealth Management
- Brett Lane ThornePresident, RBC Clearing & Custody
- John Christopher PennGeneral Counsel
- Paul Adam CarlesimoChief Compliance Officer, RBC Capital Markets - U.S.
- Dorje Tsering GlassmanCo-Head of U.S. Capital Markets Law Group
- Kristen Elizabeth EspenakChief Risk Officer, USA
- Cindy Louise SchreinerUS Wealth Management Principal Operations Officer
- Vito Antonio SperdutoDirector, CEO of U.S. Capital Markets & Chairman of the Board
- Sean Walter O'ConnorChief Compliance Officer, RBC Wealth Management - U.S.
- Jennifer Lee RicattiPrincipal Financial Officer
Custody and brokerage
Custodian
RBC Capital Markets, LLC’s Form ADV lists no custodian for separately managed accounts. Firms report one only when they manage $10 million or more in those accounts.
Broker-dealer
Hybrid RIA
RBC Capital Markets, LLC is a hybrid RIA: 6,457 of its employees are also registered representatives of a broker-dealer. It names affiliated broker-dealers: RBC CMA LTD, RBC Dominion Securities, Inc., RBC Europe Limited and RBC Securities Australia PTY LTD..
- RBC CMA LTD ↗CRD 121263
An introducing broker-dealer: its trades clear through another firm, which holds the brokerage accounts. Its annual audited report filed with the SEC, December 2025
- RBC Dominion Securities, Inc.
- RBC Europe Limited
- RBC Securities Australia PTY LTD.
Who it serves
| Client type | Clients | Regulatory AUM | Share |
|---|---|---|---|
| Individuals | 263,588 | $182B | 59% |
| High-net-worth individuals | 12,350 | $98B | 32% |
| Corporations or other businesses | 3,071 | $14B | 4% |
| Charitable organizations | 2,222 | $11B | 3% |
| Pension and profit sharing plans | 2,335 | $2.7B | <1% |
| State or municipal government entities | 215 | $1.2B | <1% |
| Pooled investment vehicles | 17 | $652M | <1% |
| Insurance companies | 105 | $445M | <1% |
| Banking or thrift institutions | 7 | $56M | <1% |
Disciplinary disclosures
RBC Capital Markets, LLC answers yes to 164 disclosure items in Item 11 of Form ADV (criminal, regulatory or civil matters involving the firm or its advisory affiliates). Read the details on the SEC’s adviser search ↗
Services
- Financial planning
- Portfolio management for individuals and small businesses
- Portfolio management for pooled investment vehicles
- Portfolio management for businesses and institutions
- Pension consulting
- Selecting other advisers
- Educational seminars and workshops
- Other services
How it’s paid
- A percentage of assets under management
- Fixed fees
Form ADV and brochures on the SEC’s adviser search ↗rbcwealthmanagement.com ↗
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The full record on RBC Capital Markets, LLC
Ten years of SEC filings, its owners and contacts, and how it stacks up against its peers. Atlas members see all of it.
- Assets, accounts, clients and staff, ten years of filings
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- Growth over one, three and five years
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- Rank against 35 peers of its type and size
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- Owners and executives, with titles and stakes
- 10 namedLocked
- Main office, fax and compliance officer
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- Filing changes this year, with alerts
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Background
Questions
How much does RBC Capital Markets, LLC manage?
RBC Capital Markets, LLC reports $310.4 billion in regulatory assets under management across 511,871 accounts, 76% of it on a discretionary basis, on its Form ADV filed September 30, 2026.
What kind of firm is RBC Capital Markets, LLC?
RBC Capital Markets, LLC is a broker-dealer firm by its Form ADV answers. The firm is itself registered as a broker-dealer as well as an investment adviser. It reports a bank or thrift among its related persons. A public reporting company controls it.
Who are RBC Capital Markets, LLC’s clients?
By assets, its largest client types are individuals ($182.2 billion, 263,588 clients); high-net-worth individuals ($98.5 billion, 12,350 clients); corporations or other businesses ($13.8 billion, 3,071 clients).
Does RBC Capital Markets, LLC have any disciplinary history?
RBC Capital Markets, LLC answers yes to 164 disclosure items in Item 11 of Form ADV, which covers criminal, regulatory and civil matters involving the firm or its advisory affiliates. The details are on the SEC’s adviser search.
Where these numbers come from
Every figure is RBC Capital Markets, LLC’s own answer on its latest Form ADV, from the SEC’s registered-adviser list as of October 1, 2026: regulatory assets and accounts (Item 5.F), clients by type (5.D), employees (5.A and 5.B), compensation (5.E) and services (5.G). Custodians come from Schedule D 5.K(3) of its latest filing (2026-09-30), which lists those holding 10% or more of separately managed account assets and the amount at each. “Hybrid” means some employees are also registered representatives of a broker-dealer (Item 5.B(2)); affiliated broker-dealers are the related persons it lists in Item 7.A and Schedule D. Firm type comes from its own answers: broker-dealer firms are registered broker-dealers themselves (Item 6.A); private fund advisers manage mostly private funds (Item 7.B, 5.D); wealth managers manage at least half their assets for individuals (5.D). Ranks compare it by regulatory assets with every SEC-registered adviser and with firms of its type. Figures are as of the firm’s last annual update, so they can lag recent deals and market moves. Regulatory AUM counts assets the firm continuously supervises and can differ from what a firm markets.
Not an endorsement or a recommendation. Before hiring any adviser, read its Form ADV Part 2A brochure and check its record on the SEC’s adviser search. How to check a financial advisor →