Rbc Global Asset Management (U.S.) Inc. is a large advisory firm based in Minneapolis. It manages $32.35 billion of regulatory assets for 441 client accounts. It has been registered with the SEC as an adviser since 2010 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 49 other states.
Rbc Global Asset Management (U.S.) provides portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, selection of other advisers, and investment management through sponsored wrap programs.. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Rbc Global Asset Management (U.S.) Inc. is $32.35 billion. The firm's AUM has gone down by -20% since the beginning of its operation, and $5.89 billion of the total AUM is attributable to clients outside of the United States.
The advisory firm has several streams of revenue. Clients pay Rbc Global Asset Management (U.S.) Inc. for their services and products based on a percentage of assets under management, fixed fees, and performance-based fees. The adviser charges an additional fee when a set benchmark is outperformed. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
The firm provides services to individuals, investment companies, charitable organizations, high net worth individuals, pooled investment vehicles, corporations or other businesses, pension and profit sharing plans, and state or municipal government entities. The largest group of clients of John Godfrey Taft is pooled investment vehicles with 20 clients and $10.77 billion of assets under management. Among the 9 most similar advisory firms, Rbc Global Asset Management (U.S.) has the 5th highest percentage of pooled investment vehicles out of all clients.
The amount of regulatory assets under management is $32.35 billion for 381 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 Global Asset Management (U.S.) also advises several private funds. Namely, two other private funds. The minimum investment commitment required of non-related persons ranges from $3,000,000 to $10,000,000.
The company employs 173 people that are either part- or full-time employees. 25 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.
There are 2 people with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates employees in addition to the salary for bringing in new clients. Employees receive compensation from other entities for client referrals.
John Godfrey Taft has been acting as President since 1 Dec 2000. Christina Marie Weber joined the executive team most recently as the Chief Compliance Officer.
The principal office where Rbc Global Asset Management (U.S.) Inc. performs its advisory services is located at 50 South Sixth Street, Minneapolis, MN 55402, which is also the mailing address of the firm. An additional office of the firm is in Lancaster, PA. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 612-376-7000 or by fax 612-376-7005. The normal business hours are 8 a.m. to 4:30 p.m. on Monday - Friday. You can find more information about the New York firm at us.rbcgam.com/ and its LinkedIn profile.