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.
SEC-registered adviser
RBC Private Counsel (USA) Inc.
Latest filing Jun 30, 2026
First filing on the tape Jan 27, 2012 · 39 filings
SEC status approved since May 11, 1998
RAUM
$7.9B
reported, Item 5.F
Discretionary
97%
of RAUM
Private clients
84%
$6.6B individuals and HNW
Advisors
306
registered through the firm on IAPD
RAUM per advisor
$25.8M
derived; firm RAUM over IAPD count
Employees
1,455
1,455 advisory (5.B.1)
Offices
131
beyond the principal office
Private funds
0
reported on Schedule D
History
39 filings and snapshots on the tape
RAUM$7.9B as of Jun 30, 2026
Jan 27, 2012$1.1B then
HNW client RAUM$5.0B as of Jun 30, 2026
Jan 25, 2018$2.0B then
State-registered IARs (5.B.3)292 as of Jun 30, 2026
Jan 25, 201345 then
Employees (5.A)1,455 as of Jun 30, 2026
Jan 25, 2013355 then
Private funds: no history
RAUM +16% over the last fiscal year+20% a year over threeIARs 294 to 292
Practice profile
derived from the filing of Jun 30, 2026; every figure names its basis
Archetypes, each a printed rule
- Bank 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)
- HNW wealth manager · private-client share of RAUM at least 50 percent and HNW share of private-client RAUM 50 to 90 percent
- Wrap program sponsor · sponsors a wrap fee program (5.I) with at least $100M of wrap assets
- RAUM per advisor
- $25.8MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 19derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $4.0MderivedHNW RAUM over HNW clients
- Average account
- $844,049derivedRAUM over accounts (5.F.2.f)
- Discretionary
- 97%derivedof RAUM
- Institutional
- 0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 4.8derivedItem 5.A over advisors
- Advisors per office
- 2.3derived132 offices incl. principal (1.F.5)
- RAUM growth, one year
- +16%derivedbetween the last two annual amendments
- Advisor growth, one year
- -0.7%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- +9.2%derived
- Compensation
- percentage of assetsreportedItem 5.E
- Advisory activities
- portfolio management for individuals, selection of other advisersreportedItem 5.G
- Wrap fee program
- $7.1BreportedItem 5.I
- 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)
- 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
- High-net-worth individuals$5.0B63%
- Individuals$1.6B21%
- Corporations and businesses$1.3B16%
- Individual clients
- 4,529reported
- HNW clients
- 1,244reported
- Pension plan clients
- n/areported
- Charitable clients
- n/areported
- Accounts
- 9,345reported
- Financial planning clients
- reported
- Wrap fee programs
- $1.4B sponsored, $0 managedreported
- Custody of client assets
- noreported
- Compensation
- % of AUMreported
- Class basis
- private_client_share=0.84 fund_share=0.0 institutional_share=0.0 related_bd=true related_bank=true bd_reps=1354.0derived
Advisors registered through the firm
306 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| Joseph Martin Madill | Oakville, Ontario | Jan 26, 2007 | 32 y | 0 |
| Stephen Lawrence Henderson | Peterborough, Ontario | Jan 26, 2007 | 41 y | 0 |
| Barbara Joanne Lapins | Calgary, Alberta | Jan 26, 2007 | 24 y | 0 |
| Diane Fontaine | Montreal, Quebec | Jan 7, 2008 | 38 y | 0 |
| David William Blair | Vancouver, Ontario | Jun 10, 2008 | 29 y | 0 |
| Paula Anne Ives | Edmonton, Alberta | Mar 1, 2010 | 29 y | 0 |
| Donald James Douglas | Toronto, Ontario | Feb 15, 2011 | 33 y | 0 |
| David Bruce Simpson | Calgary, Alberta | Feb 15, 2011 | 28 y | 0 |
| Merlin David Angus Doucette | Calgary, Alberta | Feb 15, 2011 | 25 y | 0 |
| Darryl Lee Bourne | Calgary, Albert | Feb 15, 2011 | 25 y | 0 |
| Carter Paul Levey | Etobicoke, Ontario | Jul 7, 2011 | 26 y | 0 |
| Terrence Darwin Fahr | Vancouver, British Columbia | Jul 7, 2011 | 24 y | 0 |
| Mario Lagimoniere | Cowansville, Quebec | Jan 12, 2012 | 35 y | 0 |
| Peter William Partridge | St. Catharines, Ontario | Jan 12, 2012 | 28 y | 0 |
| Daniel Mcdonald Wares | Calgary, Alberta | Mar 29, 2012 | 26 y | 1 |
| Sacha Karman | Toronto, Ontario | Mar 29, 2012 | 20 y | 0 |
| John Brian Wolfe | Waterloo, Ontario | Mar 29, 2012 | 28 y | 0 |
| Bryan James Stephens | Toronto, Ontario | Mar 29, 2012 | 20 y | 0 |
| Sean Reagan Reynar | Calgary, Alberta | Apr 27, 2012 | 25 y | 0 |
| Andrew Robert Paul Grimes | Toronto, Ontario | Apr 27, 2012 | 26 y | 0 |
| Marcus Lai | Richmond, British Columbia | May 31, 2012 | 33 y | 0 |
| Richard Michael Smerchinski | Waterloo, Ontario | Sep 27, 2012 | 15 y | 0 |
| Richard Gagnon | Montreal, Quebec | Sep 27, 2012 | 39 y | 0 |
| Michael Iain Wilkie | Vancouver, British Columbia | Feb 20, 2013 | 27 y | 0 |
| Donald Grant Loree | Toronto, Ontario | Feb 20, 2013 | 47 y | 0 |
| David Jay Serber | Toronto, Ontario | Jun 24, 2013 | 35 y | 0 |
| Derek Wilson Caldwell | Toronto, Ontario | Jun 24, 2013 | 21 y | 0 |
| James Paul Maclean | Toronto, Ontario | Jun 24, 2013 | 28 y | 0 |
| Jamie Alexander Holbrook | Toronto, Ontario | Jun 25, 2013 | 21 y | 0 |
| Martin Roy | Montreal, Quebec | Jun 25, 2013 | 15 y | 0 |
| Jocelyn Perodeau | Montreal, Quebec | Jun 25, 2013 | 15 y | 0 |
| Jason Rahal | Montreal, Quebec | Jun 25, 2013 | 24 y | 0 |
| Michael Fraser Hogg | Newmarket, Ontario | Oct 8, 2013 | 20 y | 0 |
| Brian William Davenport | Owen Sound, Ontario | Oct 8, 2013 | 33 y | 0 |
| Steve St-Germain | Pointe-Claire, Quebec | Apr 1, 2014 | 23 y | 0 |
| Christopher Charles Newall | Toronto, Ontario | Apr 7, 2014 | 31 y | 0 |
| Steve Robert Lester | Toronto, Ontario | Apr 7, 2014 | 30 y | 0 |
| Sandra Leigh Nass | Richmond, British Columbia | Apr 7, 2014 | 26 y | 0 |
| Michelle Nickel | Toronto, Ontario | Apr 7, 2014 | 22 y | 0 |
| Ryan James Downey | Winnipeg, Manitoba | Apr 7, 2014 | 29 y | 0 |
Advisor movement
1 left, 0 joined in 12 months
net -1 in 12 months0 left in 90 days0 joined in 90 daysdeparture rate 0.3% of current headcount1 left over 36 months
Left, latest
- David Craig Stovel to Wellington-Altus USA Inc.Nov 7, 2025 · Affiliated broker-dealer or bank to independent RIA
- Erik Moisan to Raymond James (USA) LtdMar 21, 2017 · Other
- Luis Flores to UBS Financial Services Inc.Dec 4, 2015 · Other
Joined, latest
- Christopher James Girdler from Royal Bank Of Canada Investment Management(USA) LimitedOct 21, 2024 · Other
- Charles Wesley Cullen III from Banc Of America Investment Services, Inc.Apr 9, 2019 · Other
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- John David Agnew · Director, Chaircontrolsince 05/2004 · owns less than 5%
- Marium Faiza Huq · Chief Financial Officercontrolsince 07/2017 · owns less than 5%
- Elisabeth Annica Karlsson · Chief Compliance Officercontrolsince 04/2007 · owns less than 5%
- Singh Vijay Parmar · Director & Co- President Presidentcontrolsince 09/2009 · owns less than 5%
- Shekhar Om Sangekar · Corporate Secretarycontrolsince 06/2023 · owns less than 5%
- Peter Michael Scott · Director & Vice-Presidentcontrolsince 12/2009 · owns less than 5%
- Nadine Tinker · Directorcontrolsince 12/2024 · owns less than 5%
- Martin-Pierre Boulianne · Corporate Secretarysince 06/2025 · owns less than 5%
- Erica Russo · Assistant Corporate Secretarysince 06/2025 · owns less than 5%
Entity owners
- Royal Bank Holding Inc. · Immediate Parentdirect · owns 75% or more
- Royal Bank Of Canada · Parent Companyindirect · owns 75% or more of Royal Bank Holding Inc. · public reporting company
Related persons
Schedule D 7.A
- Bluebay Asset Management Llpinvestment adviserbanknRAUM $58B
- Phillips, Hager & North Investment Funds Ltd.broker-dealern
- RBC Capital Markets, LLCbroker-dealerinvestment advisertrust companyLP sponsorreal estatenRAUM $310B
- RBC Dominion Securities Global Limitedbroker-dealerinvestment advisern
- RBC Dominion Securities Inc.broker-dealertrust companycustodiann
- RBC Global Asset Management (U.S.) Inc.investment adviserbanknRAUM $104B
- RBC Global Asset Management (Uk) Limitedinvestment advisernRAUM $178B
- RBC Global Asset Management Inc.investment adviserbankn
- RBC Phillips, Hager & North Investment Counsel Inc.investment advisern
- RBC Wealth Management Financial Services Inc.real estaten
- Royal Bank Of Canaday
- Royal Bank Of Canada (Channel Islands) Limitedcustodiann
- Royal Trust Corporation Of Canadacustodiann
- The Royal Trust Companycustodiann
Advisers that list RBC Private Counsel (USA) Inc. as a related person
- 31194 n
Office movement
IAPD branch city; joins and departures in 12 months
| Office | Advisors | Joined | Left | Teams out | Forming |
|---|---|---|---|---|---|
| Toronto, Ontario | 0 | 0 | 1 |
Offices
Schedule D 1.F, the 25 largest
- Toronto, Ontario, Canada55 employees
- Calgary, Alberta, Canada52 employees
- Vancouver, British Columbia, Canada48 employees
- Toronto, Ontario, Canada44 employees
- North York, Ontario, Canada38 employees
- Vancouver, British Columbia, Canada33 employees
- Richmond Hill, Ontario, Canada33 employees
- Winnipeg, Manitoba, Canada28 employees
- Montreal, Quebec, Canada28 employees
- Oakville, Ontario, Canada24 employees
- Toronto, Ontario, Canada24 employees
- London, Ontario, Canada24 employees
- Etobicoke, Ontario, Canada23 employees
- Vancouver, British Columbia, Canada22 employees
- Toronto, On, Canada21 employees
- Hamilton, Ontario, Canada20 employees
- Montreal, Quebec, Canada20 employees
- Halifax, Nova Scotia, Canada20 employees
- Nepean, Ontario, Canada20 employees
- Mississauga, Ontario, Canada19 employees
- Toronto, Ontario, Canada19 employees
- Ottawa, Ontario, Canada18 employees
- Leamington, On, Canada16 employees
- Montreal, Quebec, Canada16 employees
- Surrey, British Columbia, Canada16 employees
ADV anomalies
3 against comparable advisers; where to look, not conclusions
- control person changedChange between filings · filing Jun 30, 2026Tinker, Nadine (DIRECTOR) appeared on Schedule A between the filings of 2023-10-19 and 2026-06-30peers: affiliated wealth managers, $5B to $20B (53)
- control person changedChange between filings · filing Jun 30, 2026SCOTT, MICHAEL, PETER (DIRECTOR & VICE-PRESIDENT) left Schedule A between the filings of 2023-10-19 and 2026-06-30peers: affiliated wealth managers, $5B to $20B (53)
- control person changedChange between filings · filing Jun 30, 2026Sangekar, Om, Shekhar (CORPORATE SECRETARY) left Schedule A between the filings of 2023-10-19 and 2026-06-30peers: affiliated wealth managers, $5B to $20B (53)
What changed
consecutive filings, newest first
- Accounts · 8,556 to 9,345Oct 21, 2025 to Jan 27, 2026
- Advisory employees · 1,379 to 1,455Oct 21, 2025 to Jan 27, 2026
- BD registered reps · 1,285 to 1,354Oct 21, 2025 to Jan 27, 2026
- Corporate clients · 196 to 194Oct 21, 2025 to Jan 27, 2026
- HNW clients · 1,043 to 1,244Oct 21, 2025 to Jan 27, 2026
- Individual clients · 4,243 to 4,529Oct 21, 2025 to Jan 27, 2026
- Employees · 1,379 to 1,455Oct 21, 2025 to Jan 27, 2026
- State-registered IARs · 294 to 292Oct 21, 2025 to Jan 27, 2026
- Discretionary RAUM · $6.6B to $7.7BOct 21, 2025 to Jan 27, 2026
- HNW RAUM · $4.2B to $5.0BOct 21, 2025 to Jan 27, 2026
- Individual RAUM · $1.4B to $1.6BOct 21, 2025 to Jan 27, 2026
- Non-discretionary RAUM · $187M to $217MOct 21, 2025 to Jan 27, 2026
- RAUM · $6.8B to $7.9BOct 21, 2025 to Jan 27, 2026
- Wrap assets (sponsor) · $1.1B to $1.4BOct 21, 2025 to Jan 27, 2026
- Accounts · 7,598 to 8,556Sep 3, 2024 to Jan 24, 2025
- Advisory employees · 1,326 to 1,379Sep 3, 2024 to Jan 24, 2025
- BD registered reps · 1,231 to 1,285Sep 3, 2024 to Jan 24, 2025
- Corporate clients · 180 to 196Sep 3, 2024 to Jan 24, 2025
- HNW clients · 796 to 1,043Sep 3, 2024 to Jan 24, 2025
- Individual clients · 3,969 to 4,243Sep 3, 2024 to Jan 24, 2025
- Employees · 1,326 to 1,379Sep 3, 2024 to Jan 24, 2025
- Financial planning clients · unset to Sep 3, 2024 to Jan 24, 2025
- HQ state · unset to Sep 3, 2024 to Jan 24, 2025
- State-registered IARs · 276 to 294Sep 3, 2024 to Jan 24, 2025
- Other offices · 128 to 131Sep 3, 2024 to Jan 24, 2025
- Discretionary RAUM · $4.8B to $6.6BSep 3, 2024 to Jan 24, 2025
- HNW RAUM · $3.1B to $4.2BSep 3, 2024 to Jan 24, 2025
- Individual RAUM · $1.3B to $1.4BSep 3, 2024 to Jan 24, 2025
- Non-discretionary RAUM · $187M to $187MSep 3, 2024 to Jan 24, 2025
- RAUM · $5.0B to $6.8BSep 3, 2024 to Jan 24, 2025
- Wrap assets (sponsor) · $766M to $1.1BSep 3, 2024 to Jan 24, 2025
- Accounts · 6,952 to 7,598Nov 28, 2023 to Jan 25, 2024
- Advisory employees · 1,250 to 1,326Nov 28, 2023 to Jan 25, 2024
- BD registered reps · 1,168 to 1,231Nov 28, 2023 to Jan 25, 2024
- Corporate clients · 156 to 180Nov 28, 2023 to Jan 25, 2024
- HNW clients · 753 to 796Nov 28, 2023 to Jan 25, 2024
- Individual clients · 3,652 to 3,969Nov 28, 2023 to Jan 25, 2024
- Employees · 1,250 to 1,326Nov 28, 2023 to Jan 25, 2024
- State-registered IARs · 242 to 276Nov 28, 2023 to Jan 25, 2024
- Other offices · 132 to 128Nov 28, 2023 to Jan 25, 2024
Signals
11 dated events
- David Craig Stovel left Rbc Private Counsel (Usa) Inc. for Wellington-Altus Usa Inc. (registered 2026-03-13)Nov 7, 2025 · Advisor changed firm · fact
- Rbc Private Counsel (Usa) Inc. reported RAUM $6.8B, up 37% from $5.0B (2024-09-03 to 2025-01-24)Jan 24, 2025 · RAUM change · derived
- Bryan Matthew Varey (Director) no longer on Schedule A of Rbc Private Counsel (Usa) Inc. (listed 2024-02-20, absent 2024-09-03)Sep 3, 2024 · Control person left · inference
- Shekhar Om Sangekar (Corporate Secretary) appeared on Schedule A of Rbc Private Counsel (Usa) Inc.Oct 19, 2023 · Control person joined · fact
- Helen Jane Ireland (Corporate Secretary) no longer on Schedule A of Rbc Private Counsel (Usa) Inc. (listed 2023-01-26, absent 2023-10-19)Oct 19, 2023 · Control person left · inference
- Rbc Private Counsel (Usa) Inc. reported RAUM $4.8B, up 33% from $3.6B (2021-01-27 to 2022-01-27)Jan 27, 2022 · RAUM change · derived
- Gina Zapras (Assistant Corporate Secretary) no longer on Schedule A of Rbc Private Counsel (Usa) Inc. (listed 2018-01-25, absent 2019-01-25)Jan 25, 2019 · Control person left · inference
- Rbc Private Counsel (Usa) Inc. reported 132 offices beyond its principal office, up from 126 (2018-01-25 to 2019-01-25)Jan 25, 2019 · Office count change · derived
- Rbc Private Counsel (Usa) Inc. reported 166 state-registered advisory representatives, up from 134 (2018-01-25 to 2019-01-25)Jan 25, 2019 · Advisor headcount change · derived
- Rbc Private Counsel (Usa) Inc. reported 134 state-registered advisory representatives, up from 108 (2017-09-29 to 2018-01-25)Jan 25, 2018 · Advisor headcount change · derived
- Rbc Private Counsel (Usa) Inc. reported RAUM $2.6B, up 56% from $1.7B (2017-09-29 to 2018-01-25)Jan 25, 2018 · RAUM change · derived
Across DFX
shared identifiers only, never a name match
- RBC Private Counsel (USA) Inc. · Private Equityshared crd · intermediary
How to reach
public business contact points only, each with its source
- Principal office phone
- 416-955-7782reportedpublic record, Form ADV, Jun 30, 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
- Broker-dealer affiliated wealth managerderiveda rule over Items 5.D and 7.A
- RAUM per advisor
- $25.8Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026