DFX Intelligence

RIA Intelligence

Registered investment advisers, the advisors registered through them, the capital they report, the private vehicles they run and the people who own them, as a graph with a filing date behind every number. RAUM is what the adviser filed, a move is two registration dates, and a class is a rule you can read.

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SEC-registered adviser

R•• G••••• A•••• M••••••••• ••••• I•••

Asset manager (funds and pooled vehicles)Minneapolis, MinnesotaCRD 107173SEC 801-20303websiteIAPD
Latest filing May 21, 2026
First filing on the tape Jan 30, 2012 · 90 filings
SEC status approved since Dec 27, 1983
RAUM
$104B
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
0.1%
$84.4M individuals and HNW
Advisors
1
registered through the firm on IAPD
RAUM per advisor
$104B
derived; firm RAUM over IAPD count
Employees
212
37 advisory (5.B.1)
Offices
3
beyond the principal office
Private funds
14
reported on Schedule D
History
90 filings and snapshots on the tape
RAUM$104B as of May 21, 2026
Jan 30, 2012$39B then
HNW client RAUM$21.5M as of May 21, 2026
Jan 29, 2018$49.4M then
State-registered IARs (5.B.3)0 as of May 21, 2026
Jan 29, 20130 then
Employees (5.A)212 as of May 21, 2026
Jan 29, 2013119 then
Private funds14 as of May 21, 2026
Jan 30, 20123 then
RAUM +37% over the last fiscal year+40% a year over threeIARs 0 to 0
Practice profile
derived from the filing of May 21, 2026; every figure names its basis
Archetypes, each a printed rule
  • b••• affiliated · Item 7.A.6 or 7.A.7 (bank or trust company affiliate) and a bank, bancorp or trust company as a 50 percent or greater owner on Schedule A
  • Broker-dealer affiliated · Item 7.A.1 (broker-dealer affiliate) and at least 50 registered representatives (Item 5.B.2), or the adviser is itself a broker-dealer (6.A.1)
RAUM per advisor
$52BderivedRAUM over IAPD advisors; not a book size
Clients per advisor
36derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$7.2MderivedHNW RAUM over HNW clients
Average account
$426MderivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
19%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
106.0derivedItem 5.A over advisors
Advisors per office
0.5derived4 offices incl. principal (1.F.5)
RAUM growth, one year
+37%derivedbetween the last two annual amendments
Advisor growth, one year
unknownderivedItem 5.B.3 between annual amendments
Client growth, one year
+1.4%derived
Compensation
percentage of assets, fixed fees, performance-basedreportedItem 5.E
Advisory activities
portfolio management for individuals, portfolio management for businesses and institutions, portfolio management for pooled vehicles, portfolio management for investment companies, selection of other advisers, otherreportedItem 5.G
Wrap fee program
participatesreportedItem 5.I
Custody
$5.7B, 80 clientsreportedItem 9.A
Ownership
a bank, bancorp or trust company is a 50 percent or greater ownerderived
Advisor book size
not public; not estimatedreported
Also answered yes on Form ADV
  • buys or sells securities as principal to or from clients (8.A.2)
  • has discretionary authority over which securities are bought or sold (8.C.1)
  • receives research or other products from a broker-dealer, soft dollars (8.E)
  • compensates persons for client referrals (8.G.1)
  • compensates non-employees for client referrals (8.G.2)
  • has custody of client cash or bank accounts (9.A.1.a)
  • has custody of client securities (9.A.1.b)
  • a related person has custody of client cash (9.B.1.a)
  • a related person has custody of client securities (9.B.1.b)
  • a related person acts as qualified custodian (9.D.2)
  • marketing includes hypothetical performance (5.L.3)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • Pooled investment vehicles$42B40%
  • Investment companies$29B28%
  • State and municipal entities$13B12%
  • Corporations and businesses$12B12%
  • Pension and profit-sharing plans$4.7B4.5%
  • Insurance companies$1.4B1.3%
  • Sovereign wealth funds$903M0.9%
  • Other investment advisers$593M0.6%
  • Charitable organizations$171M0.2%
  • Individuals$62.9M0.1%
  • High-net-worth individuals$21.5M0.0%
Individual clients
69reported
HNW clients
3reported
Pension plan clients
18reported
Charitable clients
2reported
Accounts
245reported
Financial planning clients
0reported
Wrap fee programs
$0 sponsored, $62.9M managedreported
Custody of client assets
$5.7B for 80 clientsreported
Compensation
% of AUM, fixed, performancereported
Class basis
private_client_share=0.0 fund_share=0.69 institutional_share=0.19 related_bd=true related_bank=true bd_reps=64.0derived
Advisors registered through the firm
2 on IAPD today, longest tenure first
NameBranchHere sinceIn industryPrior firms
L•••• B••• G••••Chartered Financial AnalystMinneapolis, MnAug 27, 202630 y0
D••••• E••••• S••••Chartered Financial AnalystBoston, Ma Sep 16, 202615 y0
Advisor movement
0 left, 0 joined in 12 months
net 0 in 12 months0 left in 90 days0 joined in 90 daysdeparture rate 0.0% of current headcount0 left over 36 months
Private funds
15 reported on Schedule D 7.B.(1)
FundTypeGross assetsOwnersFirst reported
R•• S•••••••• H••• I••••• F•••• L••no longer reportedOther Private Fund$17B1Jan 30, 2012
E••••••• M•••••• E••••• S••••• O• G••••• A•••• M••••••••• S••••••••• L••Other Private Fund$2.4B46Sep 29, 2015
B••• U• C•• I••• L•••Securitized Asset Fund$586M1Feb 22, 2024
I••••••••• E••••• F•••Other Private Fund$501M37Jan 30, 2012
G••••• F•••• S•• • T•••• R••••• C••••• S•Other Private Fund$469M4Feb 24, 2014
B••• U• C•• I•• L•••Securitized Asset Fund$422M1Feb 22, 2024
B••• U• C•• I• L•••Securitized Asset Fund$416M1Feb 22, 2024
G••••• F•••• S•• • E••••••• M••••• S••••• B••• S•Hedge Fund$196M3May 24, 2013
G••••• F•••• S•• • E••••••• M••••• L••• D••••••• C••••• F••• S•Hedge Fund$101M1Nov 8, 2023
G••••• E••••• L•••••• S••••• O• G••••• A•••• M••••••••• S••••••••• L••Other Private Fund$57.8M2Jan 29, 2024
L•• F•••••• I• L••••••Securitized Asset Fund$54.0M1Jan 28, 2019
F••••• F••• F••• S••••• O• G••••• A•••• M••••••••• S••••••••• L••Other Private Fund$38.3M4Feb 24, 2020
G••••• E••••• S••••• O• G••••• A•••• M••••••••• S••••••••• L••Other Private Fund$13.9M2Jan 28, 2021
E••••••• M•••••• F•••• A• S••••• O• G••••• A•••• M••••••••• S••••••••• L••no longer reportedOther Private Fund$9.1M1Feb 24, 2020
R•• G•• S••• C•• G••••• F•••• L••no longer reportedOther Private Fund$2.3M1Jan 30, 2012
Owners and control persons
Schedule A and B, latest filing
  • C••••••••• Y••••••• B•••••• · Directorcontrol
    since 08/2019 · owns less than 5%
  • L••• B••••••• D••••• · President, Directorcontrol
    since 08/2024 · owns less than 5%
  • M••••••••• B•••• N• · Chief Financial Officercontrol
    since 11/2020 · owns less than 5%
  • M••••••• B••••••• · Directorcontrol
    since 08/2024 · owns less than 5%
  • N•••••• V••••• · Directorcontrol
    since 04/2022 · owns less than 5%
  • R•••••• J••••••• L••• · Chief Operating Officercontrol
    since 08/2024 · owns less than 5%
  • S••••• D•••••• E••••• · Chief Executive Officer, Directorcontrol
    since 08/2024 · owns less than 5%
  • S••••• W••••••••• A•••••• · Directorcontrol
    since 11/2021 · owns less than 5%
  • W••••• C••••••••• M•••• · Chief Compliance Officercontrol
    since 06/2018 · owns less than 5%
  • W•••••••• D••••• G•••• · Directorcontrol
    since 01/2013 · owns less than 5%
Entity owners
  • R•• U•• H••••• C••••••••• · Direct Owner
    direct · owns 75% or more
  • R•• U• G•••• H••••••• L•• · Direct Owner
    indirect · owns 75% or more of R•• U•• H••••• C•••••••••
  • R•••• B••• O• C••••• · Ultimate Owner
    indirect · owns 75% or more of R•• U•• H••••• C••••••••• · public reporting company
Related persons
Schedule D 7.A
Advisers that list R•• G••••• A•••• M••••••••• ••••• I••• as a related person
Office movement
IAPD branch city; joins and departures in 12 months
OfficeAdvisorsJoinedLeftTeams outForming
Minneapolis, Mn · principal220
Offices
Schedule D 1.F, the 25 largest
  • Stamford, CT24 employees
  • Boston, MA7 employees
  • Chicago, IL4 employees
What changed
consecutive filings, newest first
  • Private funds · 13 to 14
    Jan 30, 2026 to May 21, 2026
  • Accounts · 227 to 245
    Oct 14, 2025 to Jan 30, 2026
  • Advisory employees · 48 to 37
    Oct 14, 2025 to Jan 30, 2026
  • BD registered reps · 58 to 64
    Oct 14, 2025 to Jan 30, 2026
  • Charity clients · 5 to 2
    Oct 14, 2025 to Jan 30, 2026
  • Corporate clients · 31 to 29
    Oct 14, 2025 to Jan 30, 2026
  • HNW clients · 4 to 3
    Oct 14, 2025 to Jan 30, 2026
  • Individual clients · 67 to 69
    Oct 14, 2025 to Jan 30, 2026
  • Pension plan clients · 19 to 18
    Oct 14, 2025 to Jan 30, 2026
  • Pooled vehicle clients · 58 to 74
    Oct 14, 2025 to Jan 30, 2026
  • Assets in custody · $3.8B to $5.7B
    Oct 14, 2025 to Jan 30, 2026
  • Employees · 193 to 212
    Oct 14, 2025 to Jan 30, 2026
  • Private funds · 11 to 13
    Oct 14, 2025 to Jan 30, 2026
  • Discretionary RAUM · $76B to $104B
    Oct 14, 2025 to Jan 30, 2026
  • HNW RAUM · $26.5M to $21.5M
    Oct 14, 2025 to Jan 30, 2026
  • Individual RAUM · $55.8M to $62.9M
    Oct 14, 2025 to Jan 30, 2026
  • Pension RAUM · $4.2B to $4.7B
    Oct 14, 2025 to Jan 30, 2026
  • Pooled vehicle RAUM · $32B to $42B
    Oct 14, 2025 to Jan 30, 2026
  • RAUM · $76B to $104B
    Oct 14, 2025 to Jan 30, 2026
  • Wrap assets (manager) · $55.8M to $62.9M
    Oct 14, 2025 to Jan 30, 2026
  • Financial planning clients · 0 to 0
    Jul 15, 2025 to Oct 14, 2025
  • Accounts · 272 to 227
    Aug 7, 2024 to Jan 30, 2025
  • Advisory employees · 51 to 48
    Aug 7, 2024 to Jan 30, 2025
  • BD registered reps · 55 to 58
    Aug 7, 2024 to Jan 30, 2025
  • Corporate clients · 36 to 31
    Aug 7, 2024 to Jan 30, 2025
  • Individual clients · 59 to 67
    Aug 7, 2024 to Jan 30, 2025
  • Pension plan clients · 28 to 19
    Aug 7, 2024 to Jan 30, 2025
  • Pooled vehicle clients · 63 to 58
    Aug 7, 2024 to Jan 30, 2025
  • Assets in custody · $2.4B to $3.8B
    Aug 7, 2024 to Jan 30, 2025
  • Employees · 195 to 193
    Aug 7, 2024 to Jan 30, 2025
  • Private funds · 12 to 11
    Aug 7, 2024 to Jan 30, 2025
  • Discretionary RAUM · $80B to $76B
    Aug 7, 2024 to Jan 30, 2025
  • HNW RAUM · $25.4M to $26.5M
    Aug 7, 2024 to Jan 30, 2025
  • Individual RAUM · $43.7M to $55.8M
    Aug 7, 2024 to Jan 30, 2025
  • Pension RAUM · $4.6B to $4.2B
    Aug 7, 2024 to Jan 30, 2025
  • Pooled vehicle RAUM · $36B to $32B
    Aug 7, 2024 to Jan 30, 2025
  • RAUM · $80B to $76B
    Aug 7, 2024 to Jan 30, 2025
  • Wrap assets (manager) · $43.7M to $55.8M
    Aug 7, 2024 to Jan 30, 2025
  • Private funds · 13 to 12
    Apr 10, 2024 to Aug 6, 2024
  • Private funds · 10 to 13
    Jan 30, 2024 to Feb 22, 2024
Signals
16 dated events
  • D••••• E••••• S•••• registered as an investment adviser representative at R•• G••••• A•••• M••••••••• ••••• I•••
    Sep 16, 2026 · Advisor registered · fact
  • R•• G••••• A•••• M••••••••• ••••• I••• reported RAUM $104.5B, up 37% from $76.5B (2025-10-14 to 2026-01-30)
    Jan 30, 2026 · RAUM change · derived
  • Daniel Brandon Lew (President, Director) appeared on Schedule A of R•• G••••• A•••• M••••••••• ••••• I•••
    Aug 6, 2024 · Control person joined · fact
  • Elijah Donald Sanya (Chief Executive Officer, Director) appeared on Schedule A of R•• G••••• A•••• M••••••••• ••••• I•••
    Aug 6, 2024 · Control person joined · fact
  • Lynn Jessica Rausch (Chief Operating Officer) appeared on Schedule A of R•• G••••• A•••• M••••••••• ••••• I•••
    Aug 6, 2024 · Control person joined · fact
  • B••••••• M•••••• (Director) appeared on Schedule A of R•• G••••• A•••• M••••••••• ••••• I•••
    Aug 6, 2024 · Control person joined · fact
  • Thomas Michael Lee (Director, Ceo And President) no longer on Schedule A of R•• G••••• A•••• M••••••••• ••••• I••• (listed 2024-04-10, absent 2024-08-06)
    Aug 6, 2024 · Control person left · inference
  • Ann Carol Timmer (Chief Operating Officer) no longer on Schedule A of R•• G••••• A•••• M••••••••• ••••• I••• (listed 2024-04-10, absent 2024-08-06)
    Aug 6, 2024 · Control person left · inference
  • R•• G••••• A•••• M••••••••• ••••• I••• reported RAUM $79.9B, up 110% from $38.0B (2023-11-08 to 2024-01-29)
    Jan 29, 2024 · RAUM change · derived
  • R•• G••••• A•••• M••••••••• ••••• I••• reported RAUM $38.0B, down 34% from $57.5B (2022-04-26 to 2023-01-20)
    Jan 20, 2023 · RAUM change · derived
  • Vikesh Nemani (Director) appeared on Schedule A of R•• G••••• A•••• M••••••••• ••••• I•••
    Apr 25, 2022 · Control person joined · fact
  • Marie Ann Senne (Director) no longer on Schedule A of R•• G••••• A•••• M••••••••• ••••• I••• (listed 2022-01-28, absent 2022-04-25)
    Apr 25, 2022 · Control person left · inference
  • Elaine Elizabeth Tracy Stevenson (Director) no longer on Schedule A of R•• G••••• A•••• M••••••••• ••••• I••• (listed 2021-07-19, absent 2021-11-30)
    Nov 30, 2021 · Control person left · inference
  • R•• G••••• A•••• M••••••••• ••••• I••• reported RAUM $56.5B, up 41% from $40.0B (2020-11-23 to 2021-01-28)
    Jan 28, 2021 · RAUM change · derived
  • Annette Renee Degagne (Director) no longer on Schedule A of R•• G••••• A•••• M••••••••• ••••• I••• (listed 2019-04-11, absent 2019-10-09)
    Oct 9, 2019 · Control person left · inference
  • Beverly Yonette Chung-Mclean (Director) appeared on Schedule A of R•• G••••• A•••• M••••••••• ••••• I•••
    Oct 9, 2019 · Control person joined · fact
Across DFX
shared identifiers only, never a name match
No identifier-backed link to the venture, private equity, family office or sponsor graphs.
How to reach
public business contact points only, each with its source
Website
H••••://WWW.RBCGAM.COMreportedpublic record, Form ADV, Sep 18, 2026
Principal office phone
612-376-7000reportedpublic record, Form ADV, May 21, 2026
Provenance
Form ADV
SEC filing data 2011 to 2024 and the monthly roster 2025 onreportedadviserinfo.sec.gov
Advisors
IAPD individual compilation feed, dailyreportedadviserinfo.sec.gov
Class
Asset manager (funds and pooled vehicles)deriveda rule over Items 5.D and 7.A
RAUM per advisor
$104Bderivedfirm RAUM over the IAPD count; not a book size
Loaded
Sep 14, 2026