Rbc Private Counsel (Usa) Inc. (Toronto, On)

Rbc Private Counsel (Usa) Inc. is a large advisory firm based in Toronto, On. It manages $2.91 billion of regulatory assets for 3,491 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 44 other states.

Rbc Private Counsel (Usa) provides portfolio management for individuals and small businesses and selection of other advisers. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Rbc Private Counsel (Usa): assets under management

The assets under management (AUM) of Rbc Private Counsel (Usa) Inc. is $2.91 billion. The firm's AUM has grown by 2099% since the beginning of its operation, and $279.59 million of the total AUM is attributable to clients outside of the United States.

The firm manages $2.56 billion in discretionary accounts and $349.5 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $737.42 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $26.88 million.

Investments

The firm invests in exchange traded securities the most. They account for 52% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 16% of the firm’s portfolio. Investments in investment and business development companies form 13% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Rbc Private Counsel (Usa) Inc. for their services and products based on a percentage of assets under management. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Matthew Bryan Varey serves?

The firm provides services to individuals, high net worth individuals, and corporations or other businesses. The largest group of clients of Matthew Bryan Varey is high net worth individuals with 706 clients and $2.32 billion of assets under management. Among the 12 most similar advisory firms, Rbc Private Counsel (Usa) has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $2.91 billion for 2,633 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 6% of the firm’s clients are foreign persons or businesses.

Rbc Private Counsel (Usa) doesn't advise any private funds.

Careers at Rbc Private Counsel (Usa) Inc.

The company employs 902 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 166 employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Matthew Bryan Varey has been acting as President since 1 Jun 2004. Faiza Marium Huq joined the executive team most recently as the Chief Financial Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Rt Investment Management Holdings Inc.	Immediate parent	1 Jan 1998	75% - 100%	foreign
Michael Weber	Chairman and director	1 Sep 2000	Other	4392314
Brent Harold Moore	Director, co-compliance officer	1 Sep 2000	Other	4392321
Gavin Sean Higgs	Director	1 Sep 2000	Other	4392334
Mark Andrew Barnicutt	Director, president, chief operating officer	1 Oct 2000	Other	4392319
Gregory James Rogers	Director	1 Oct 2000	Other	4392333
Gregory James Rodger	Director	1 Oct 2000	Other	4392333
John Stuart Grant Richmond	Chief financial officer	1 Apr 2001	Other	4392335
Rosemary Chan	Co-compliance officer	1 Apr 2001	Other	4392336
John Ignagni	Chief financial officer	1 Aug 2001	Other	4452624
Suzanne Marie Barrett	Corporate secretary	1 Jan 2002	Other	4500644
Robert Craig Mcdonald	Vice president, risk management	1 Jun 2002	Other	4542589
Michael Peter Scott	Director	1 Jun 2002	Other	4548112
Flynn Patricia Shelly	Corporate secretary	1 Jul 2002	Other	4563722
Royal Bank Holding Inc.	Immediate parent	1 Oct 2002	75% - 100%	foreign
Gina Zapras	Corporate secretary	1 Dec 2002	Other	4630148
Rodney Mckay Ancrum	Chief financial officer	1 Dec 2002	Other	4630151
Michael Edward Reilly	Director	1 Dec 2002	Other	2991085
Linda Kenny	Chief fiancial officer	1 Jun 2003	Other	4693109
Linda Susan Kenny	Chief financial officer	1 Jun 2003	Other	4693109
Nancy Ross	Compliance officer	1 Nov 2003	Other	4729083
Nancy Jane Ross	Chief compliance officer	1 Nov 2003	Other	4729083
David John Agnew	Director, chair & co-president	1 May 2004	Other	2575090
Nancy Ross	Chief compliance officer	1 May 2004	Other	4729083
Doce Tomislav Tomic	Chairman & director	1 May 2004	Other	4805503
John Mccoy Hamilton	Director & co-president	1 May 2004	Other	4805507
Matthew Bryan Varey	Director	1 Jun 2004	Other	4820671
John Godfrey Taft	Director	1 Jun 2004	Other	1007933
Brenda Janet Vince	Director & chairperson	1 Jan 2005	Other	4919943
Robert Craig Mcdonald	Vice-president	1 Feb 2005	Other	4542589
Mark Douglas Pratt	Director	1 Sep 2005	Other	4814235
Faiza Marium Huq	Chief financial officer	1 Feb 2006	Other	5130029
Debra Marie Foubert	Chief compliance officer	1 Jun 2006	Other	5165826
Patrick Brooks Keeley	Director	1 Mar 2007	Other	4351177
Annica Elisabeth Karlsson	Chief compliance officer	1 Apr 2007	Other	5332905
Patrick Brooks Keeley	Director & co-president	1 Jun 2007	Other	4351177
Anthony Vito Partipilo	Chief financial officer	1 Aug 2008	Other	5584181
Stephen Baron	Chief financial officer	1 Mar 2009	Other	5652319
Suzanne Pammett	Designated anti-money laundering officer	1 Jun 2009	Other	5760923
Vijay Singh Parmar	Director & co-president	1 Sep 2009	Other	5720362
Michael Peter Scott	Director & vice-president	1 Dec 2009	Other	4548112
Neal Michael Stacey	Chief financial officer	1 Jun 2010	Other	5819339
Gina Zapras	Assistant corporate secretary	1 Jul 2011	Other	4630148
Jane Ireland	Corporate secretary	1 Jul 2011	Other	5965395
Jane Helen Ireland	Corporate secretary	1 Jul 2011	Other	5965395
Karim Rajwani	Money laundering reporting officer	1 Jan 2012	Other	6035361
Faiza Marium Huq	Chief financial officer	1 Jul 2017	Other	5130029

Indirect Owners

The SEC currently registers 2 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Royal Bank Holding Inc.	Intermediary	1 Jan 1998	75% - 100%	foreign
Royal Bank Of Canada	Parent company	1 Apr 1998	75% - 100%	foreign

Based in Toronto, On

The principal office where Rbc Private Counsel (Usa) Inc. performs its advisory services is located at 155 Wellington Street West, 17 Th Floor, Toronto, On, M5 V 3 K7, which is also the mailing address of the firm. The firm also has an office outside of the United States.

You can reach the main office by calling the phone number 416-955-7392 or by fax 416-955-8334. The normal business hours are 8:30 am - 5:00 pm est on Monday - Friday.