SEC-registered wealth management firm Broker-dealer affiliated
RBC Capital Markets, LLC
As of its Form ADV filed September 30, 2026, RBC Capital Markets, LLC, an SEC-registered, broker-dealer affiliated wealth management firm in New York, New York, reported $310.4 billion in regulatory assets under management across 511,871 accounts, ranking #4 among all wealth firms in New York by assets.
Registration
- Registration
- SEC-registered, Approved
- CRD number
- 31194
- SEC file number
- 801-13059
- Registered since
- June 2, 1977
- Latest Form ADV filing
- September 30, 2026
- Organized as
- Limited Liability Company
- Fiscal year ends
- October
- Other offices
- 382
Key figures
- Regulatory assets under management
- $310.4 billion
- Discretionary
- $235.3 billion (75.8%)
- Non-discretionary
- $75.1 billion
- Accounts
- 511,871 (417,652 discretionary)
- Clients
- 285,803, approximate as reported
- Employees
- 8,781
- Advisory staff
- 5,908 performing investment advisory functions
- Average account
- $606,459
- Asset growth, 1 year
- 19.4% (from $260.0 billion a year earlier)
- Asset growth, 3-year annual rate
- 19.2% (from $183.5 billion three years earlier)
- Asset growth, 5-year annual rate
- 16.2% (from $146.6 billion five years earlier)
- Client growth, 1 year
- -3.3% (from 295,487)
Broker-dealer affiliated. The firm is itself a broker-dealer as well as an investment adviser (Form ADV Item 6.A(1)). It is ranked among all wealth firms, the directory's view that includes wirehouses and broker-dealer firms, not in the main lists of independent RIAs. How firms are classed.
Growth rates come from the SEC's yearly snapshots and are left blank when the years are not comparable.
Rankings
Among all wealth firms, including wirehouses and broker-dealer firms.
Assets over time
Data table
| As of | RAUM |
|---|---|
| October 1, 2010 | $34.3 billion |
| October 3, 2011 | $41.2 billion |
| October 1, 2012 | $44.6 billion |
| October 1, 2013 | $50.6 billion |
| October 1, 2014 | $67.7 billion |
| October 1, 2015 | $74.6 billion |
| October 3, 2016 | $76.3 billion |
| October 2, 2017 | $81.8 billion |
| October 1, 2018 | $106.0 billion |
| October 1, 2019 | $118.7 billion |
| October 1, 2020 | $141.7 billion |
| October 4, 2021 | $146.6 billion |
| October 3, 2022 | $201.2 billion |
| October 5, 2023 | $183.5 billion |
| October 1, 2024 | $201.3 billion |
| September 2, 2025 | $260.0 billion |
| October 2, 2026 | $310.4 billion |
Clients and services
Client mix
| Measure | Bar | RAUM |
|---|---|---|
| Individuals (other than high net worth) 263,588 clients | $182.2 billion | |
| High net worth individuals 12,350 clients | $98.5 billion | |
| Corporations or other businesses 3,071 clients | $13.8 billion | |
| Charitable organizations 2,222 clients | $10.8 billion | |
| Pension and profit sharing plans 2,335 clients | $2.7 billion | |
| State or municipal government entities 215 clients | $1.2 billion | |
| Pooled investment vehicles 17 clients | $651.5 million | |
| Insurance companies 105 clients | $445.3 million | |
| Banking or thrift institutions 7 clients | $55.6 million |
How the firm is paid
- A percentage of assets under management
- Fixed fees
Advisory services
- Financial planning
- Portfolio management for individuals or small businesses
- Portfolio management for pooled investment vehicles
- Portfolio management for businesses or institutional clients
- Pension consulting
- Selection of other advisers
- Educational seminars or workshops
- Other
Financial planning clients (Item 5.H): 51-100.
Wrap fee program sponsor or portfolio manager: yes.
Other business, affiliations and custody
Other business activities (Item 6.A)
- Broker-dealer
- Futures commission merchant
- Insurance broker or agent
- Registered municipal advisor
- Registered security-based swap dealer
Financial industry affiliations (Item 7.A)
- Broker-dealer
- Other investment adviser
- Swap dealer
- Commodity pool operator or commodity trading advisor
- Futures commission merchant
- Banking or thrift institution
- Trust company
- Insurance company or agency
- Pension consultant
- Sponsor or syndicator of limited partnerships
- Sponsor, general partner or managing member of pooled investment vehicles
Custody (Item 9)
The firm reported custody of client cash or securities, $308.9 billion in total.
Investment adviser representatives
- IARs registered with the firm
- 3,838
- Also registered through a broker-dealer
- 3,836
- Employees who are IARs (Form ADV 5.B(3))
- 3,750
Designations held by the firm's IARs: CFP 313, CFA 37, ChFC 19, PFS 2.
Between 561 and 2,824 of the firm's 3,838 IARs are registered in jurisdictions that require IAR CE. The source counts registrations by jurisdiction, and many IARs are registered in more than one, so the exact number is not knowable from it. IAR CE requirements by state.
Counts only. AdvisorIQ does not list individual people.
Disclosures
On Form ADV Item 11 the firm answered yes to 8 disclosure questions. See the detail on IAPD.
Succession and acquired firms
On Form ADV Item 4 the firm did not report succeeding to another adviser's business.
Similar-sized firms in New York
| Firm | City | RAUM |
|---|---|---|
| J.P. Morgan Securities LLC | New York | $429.7 billion |
| Cerity Partners LLC | New York | $161.7 billion |
| Rockefeller Capital Management | New York | $99.6 billion |
| Betterment | New York | $69.5 billion |
| Citigroup Global Markets Inc. | New York | $56.0 billion |
The five wealth firms, broker-dealer affiliated firms included, nearest in regulatory assets with a main office in the same state.
Elsewhere
- RBC Capital Markets, LLC on IAPD: Form ADV, brochures and disclosure detail.
- Firm website: us.rbcwealthmanagement.com/beverlyhills
- Wealth management firms in New York
Firm data as of October 2, 2026, from ia100226.zip. Figures are as the firm reported them; corrections are made on Form ADV and appear after the next monthly reload.
Data as of October 2, 2026, from Form ADV. Sources: SEC registered adviser data (ia100226.zip) and IAPD compilation reports. How the directory is built.