Wealth manager, bank-affiliated · Toronto, ON, Canada
RBC Private Counsel (USA) Inc.
SEC-registered investment adviser · CRD 109648 · SEC 801-55491
At a glance
RBC Private Counsel (USA) Inc. is an SEC-registered investment adviser based in Toronto, ON, Canada, with $7.9 billion in regulatory assets under management as of its Form ADV filed June 30, 2026. Its largest client group by assets is high-net-worth individuals, and it reports 5,773 individual clients. By Form ADV it is a wealth manager (bank-affiliated), ranked 219th of 8,915 wealth managers and 1,584th of 17,210 SEC-registered advisers by assets.
Main office 416-955-7782As filed on Form ADV
- Regulatory AUM
- $7.9B
- Rank among wealth managers
- #219 of 8,915
- Rank among all SEC RIAs
- #1,584 of 17,210
- Individual clients
- 5,773
- High-net-worth clients
- 1,244
- Accounts
- 9,345
- Discretionary
- 97% of AUM
- Employees
- 1,455
- Advisory staff
- 1,455
- Offices
- 132
Owners and executives on its Form ADV
- David J. AgnewDirector, Chair & Co-President
- Annica E. KarlssonChief Compliance Officer
- Vijay S. ParmarDirector & Co-President
- Michael P. ScottDirector & Vice-President
- Faiza M. HuqChief Financial Officer
- Nadine TinkerDirector
- Martin-pierre BoulianneCorporate Secretary
- Erica RussoAssistant Corporate Secretary
Custody and brokerage
Broker-dealer
Hybrid RIA
RBC Private Counsel (USA) Inc. is a hybrid RIA: 1,354 of its employees are also registered representatives of a broker-dealer. It names affiliated broker-dealers: Phillips, Hager & North Investment Funds LTD., RBC Capital Markets, LLC, RBC Dominion Securities Global Limited, RBC Dominion Securities Inc. and RBC Securities, Inc..
- Phillips, Hager & North Investment Funds LTD.
- RBC Capital Markets, LLC ↗CRD 31194
- RBC Dominion Securities Global Limited
- RBC Dominion Securities Inc.
- RBC Securities, Inc. ↗CRD 103705
Who it serves
| Client type | Clients | Regulatory AUM | Share |
|---|---|---|---|
| High-net-worth individuals | 1,244 | $5.0B | 63% |
| Individuals | 4,529 | $1.6B | 21% |
| Corporations or other businesses | 194 | $1.3B | 16% |
Disciplinary disclosures
RBC Private Counsel (USA) Inc. answers yes to 4 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
- Portfolio management for individuals and small businesses
- Selecting other advisers
How it’s paid
- A percentage of assets under management
Form ADV and brochures on the SEC’s adviser search ↗
AtlasMembers
The full record on RBC Private Counsel (USA) Inc.
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 525 peers of its type and size
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- Owners and executives, with titles and stakes
- 8 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 Private Counsel (USA) Inc. manage?
RBC Private Counsel (USA) Inc. reports $7.9 billion in regulatory assets under management across 9,345 accounts, 97% of it on a discretionary basis, on its Form ADV filed June 30, 2026.
What kind of firm is RBC Private Counsel (USA) Inc.?
RBC Private Counsel (USA) Inc. is a wealth manager by its Form ADV answers. At least half of its regulatory assets are managed for individuals and high-net-worth individuals. It reports a bank or thrift among its related persons. A public reporting company controls it.
Who are RBC Private Counsel (USA) Inc.’s clients?
By assets, its largest client types are high-net-worth individuals ($5.0 billion, 1,244 clients); individuals ($1.6 billion, 4,529 clients); corporations or other businesses ($1.3 billion, 194 clients).
Does RBC Private Counsel (USA) Inc. have any disciplinary history?
RBC Private Counsel (USA) Inc. answers yes to 4 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 Private Counsel (USA) Inc.’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 (2026-06-30), 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 →