Rbc Global Asset Management (U.S.) Inc

CRD#107173
Investment Advisor Firm

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Overview

Rbc Global Asset Management (U.S.) Inc is an advisory company that has its headquarters in Minneapolis, Minnesota. The firm administers $32.4 billion in assets throughout 441 accounts, making it one of the biggest firms in the nation by assets under management (AUM). The company has a large team of 173 employees, forty-four of whom are financial advisors. Rbc Global Asset Management (U.S.) Inc is not a registered broker-dealer, meaning the company is not able to buy and sell securities for its own accounts as well as its customers' and instead has to go through a broker-dealer company to do so. Securities are exchangable financial investments like options, equities and bonds.

Rbc Global Asset Management (U.S.) Inc oversees more than half of the firm's client assets in a discretionary manner. Discretionary management means that an investment advisor makes transaction decisions without needing client permission. The firm also administers one non-discretionary accounts with a total of $80.4 million in AUM. The firm's typical account size is $73.4 million. The average financial advisor at Rbc Global Asset Management (U.S.) Inc administers around 10 client accounts, making it one of the more individualized firms in the country.

The firm's headquarters is at 50 South Sixth Street, Minneapolis, Minnesota 55402. The company is legally allowed to provide services to clients across 51 U.S. states and territories.

Number of Advisors

44

Disclosures

No

Office Location

50 South Sixth Street
Minneapolis, MN 55402

Rbc Global Asset Management (U.S.) Inc by the Numbers

Total Number of Employees

173

National Average: 4,943
Total Number of Accounts

441

National Average: 2,522
Average Account Size

$73.4 million

National Average: $1.3 million

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Products and Services

Rbc Global Asset Management (U.S.) Inc offers a number of services, which can consist of portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled investment vehicles, portfolio management for institutional clients, selection of other advisers and other services. However, the firm did not provide any of its customers with financial planning services in the last financial year. The firm does not sell products or offer services other than investment advisory services to its investment advisory clients. The company is also affiliated with a number of other companies in the financial services industry, including with a broker-dealer or securities dealer, banking or thrift institution, trust company, insurance company or agency, pension consultant, real estate broker or dealer and commodity pool advisor.

Core Advisor Services

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    Financial Planning Services

    This is the process of planning for your financial future, including for events such as retirement, your child's college education or estate succession.

  • Offered by 63% of firms

    Portfolio Management

    This is the selection and management of an investment mix and portfolio strategy for individuals and small businesses.

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    Market Timing Services

    This is the practice of attempting to make short-term profits on investments by buying low and selling high.

Other Services

  • Offered by 23% of firms

    Selection of Other Advisors

    This is the firm's assistance with choosing other advisors to work with who may have different specialties.

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    Publication of Periodicals

    This is the publication of various financial education materials.

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    Educational Seminars/Workshops

    This is the hosting of seminars or workshops to educate investors on financial concepts.

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Fee Structure

Fees charged by financial advisors usually vary depending on which services the firm provides the client. Fees billed by the firm likely include some combination of the following fee structures: asset-based, fixed or performance-based. The firm does participate in a wrap fee program, in which the firm offers a bundle of services for a single fee.

Available

  • Offered by 75% of firms

    Percentage of Assets

    Show Explanation

    This fee, which is the most common fee type charged by advisors for portfolio management, is based on the amount of assets you have under management. Also referred to as an asset-based fee, this fee typically ranges from 0.50%-2.00% of AUM annually. You'll typically pay a lower rate the more assets you have under management.

  • Offered by 17% of firms

    Performance-based

    Show Explanation

    Advisors only earn performance-based fees if a portfolio outperforms a defined benchmark. This fee may be calculated in a number of ways but most commonly is charged as a percentage of investment profits. Performance-based fees may incentivize advisors to make riskier decisions in order to generate higher returns.

  • Offered by 40% of firms

    Fixed

    Show Explanation

    Fixed fees are a one-time, lump sum charged for a specific service, like the creation of a financial plan without subsequent implementation. This can be useful if you only need advice for one specific purpose, rather than a long-term advisor. Fixed fees usually range from $1,000 to $3,000.

Unavailable

  • Find one of the 37% of firms that offer this fee type

    Hourly

    Show Explanation

    Like a lawyer, a financial advisor may charge you by the hour. This can be helpful if you are only looking for short-term or one-time advice. Rates typically range from $100-$300 per hour, depending on the complexity and level of services needed.

  • Find one of the 3% of firms that offer this fee type

    Commissions

    Show Explanation

    Occasionally, advisors earn commissions from selling financial products, such as securities or insurance policies, or making certain referrals or transactions. Advisors who earn commissions may be incentivized to make certain recommendations to clients in order to make a commission. Fee-only advisors do not earn commissions, while fee-based advisors may.

  • Find one of the 1% of firms that offer this fee type

    Subscription

    Show Explanation

    Firms generally charge this fee for educational materials provided, such as a monthly magazine. This can be useful if you want to learn about investing or financial management on your own.

  • Find one of the 12% of firms that offer this fee type

    Other

    Show Explanation

    Firms can sometimes charge customers using non-traditional fee structures. See this firm's Form ADV for more details.

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Types of Clients

The firm manages money for a broad range of clients. The company provides services to retail investors, high net worth investors, investment companies, pooled investment vehicles, pension plans, charitable organizations, state or municipal government entities and corporations. Out of its 441 clients, Rbc Global Asset Management (U.S.) Inc's largest client type is retail investors, but it also serves seven high-net-worth individuals. A high-net-worth individual is defined by the SEC as someone who has at least $750,000 under management or a net worth of at least $1.50 million or who counts as a "qualified purchaser" (a standard met by having at least $5 million in investments). Just 6% of its customers reside abroad.

  • High-Net-Worth Individuals* - 1.84%
  • Other Individuals - 64.3%
  • Corporations - 32.55%
  • Charitable Organizations - 1.31%

* The U.S. Securities and Exchange Commission (SEC) defines a high-net-worth individual as someone who has at least $750,000 under management.

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Disclosures

Rbc Global Asset Management (U.S.) Inc does not have any disclosures.

Please visit its Form ADV for more details.

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This content was compiled from the SEC and FINRA