SEC-registered firm
Registration does not mean the SEC approves or recommends the firm, and it does not imply a certain level of skill or training.
RBC Capital Markets, LLC
New York, NY
CRD 31194
Firm filing updated September 15, 2026 ·
- $310.4BAssets
- 283,910Clients
- 5,908Advisory staff
- 511,871Accounts
Fees and minimums
All fee types on the form
- Percentage of assets under managementYes
- Fixed feesYes
- Hourly chargesNo
- Subscription fees (for a newsletter or periodical)No
- CommissionsNo
- Performance-based feesNo
- OtherNo
Who the firm serves
- Individuals263,588
- High net worth individuals12,350
- Corporations or other businesses3,071
- Pension and profit sharing plans2,335
- Charities2,222
- and 4 more344
See the client table
| Client type | Approximate number of clients | Assets |
|---|---|---|
| Individuals (other than high net worth) | 263,588 | $182.2 billion |
| High net worth individuals | 12,350 | $98.5 billion |
| Banking or thrift institutions | 7 | $55.6 million |
| Pooled investment vehicles (other than investment companies and business development companies) | 17 | $651.5 million |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 2,335 | $2.7 billion |
| Charitable organizations | 2,222 | $10.8 billion |
| State or municipal government entities (including government pension plans) | 215 | $1.2 billion |
| Insurance companies | 105 | $445.3 million |
| Corporations or other businesses not listed above | 3,071 | $13.8 billion |
What the client labels mean
Here, "individuals" includes trusts, estates, and IRAs of individuals. A "high net worth individual" is a qualified client or qualified purchaser.
Services
- Financial planning services
- Portfolio management for individuals and/or small businesses
- Portfolio management for pooled investment vehicles (other than investment companies)
See all 8 services
- Portfolio management for businesses (other than small businesses) or institutional clients
- Pension consulting services
- Selection of other advisors (including private fund managers)
- Educational seminars/workshops
- Other: "SERVICE PUBLIC & PRIVATE EMPLOYEE BENEFIT PLANS, ENDOWMENT FUNDS, FOUNDATIONS, FAMILY TRUSTS & VARIOUS CAPITAL/OPERATING FUNDS"
- 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 advisors (including private fund managers)
- Educational seminars/workshops
- Other: "SERVICE PUBLIC & PRIVATE EMPLOYEE BENEFIT PLANS, ENDOWMENT FUNDS, FOUNDATIONS, FAMILY TRUSTS & VARIOUS CAPITAL/OPERATING FUNDS"
Assets and accounts
- Regulatory assets$310.4 billion
- Accounts511,871
- Discretionary$235.3 billion · 417,652 accounts
- Non-discretionary$75.1 billion · 94,219 accounts
People
- Employees8,781
- Advisory staff5,908
- Broker-dealer reps6,457
- Licensed insurance agents2,595
- Planning clients51 to 100
Advisors
2,184 advisors with a profile on Advisable
Listed A to Z by last name. Not a ranking.
Registration details
- SEC-registered investment advisor. CRD 31194, SEC file 801-13059.
- Registered with the SEC as an investment advisor (status date on record: June 2, 1977).
Is RBC Capital Markets, LLC a fiduciary?
Short answer: RBC Capital Markets, LLC is registered with the SEC as an investment advisor.
More detail
Some of its people may also act in other roles, such as for a broker-dealer or as insurance agents, where different rules apply. Details below.
The SEC put it this way in 2019: 'Under federal law, an investment adviser is a fiduciary.'
Some of the firm's people may also act for a broker-dealer: 6,457 staff are broker-dealer representatives, the firm is itself a broker-dealer and the firm has a related broker-dealer. When someone acts for a broker-dealer, a different SEC standard, Regulation Best Interest, applies to their recommendations. Ask which role they are acting in.
2,595 staff are licensed insurance agents, the firm is itself an insurance broker or agent and the firm has a related insurance company or agency.
The firm's Form CRS explains its services, fees and conflicts in plain language: Form CRS.
About this data
Informational only. Advisable Finance is not an investment advisor, does not give investment advice, and does not endorse any advisor.