RBC Private Counsel (USA) Inc.
Data sourced from SEC public records (and other sources when available). Refreshed weekly • Updated today.
Client AUMClient assets under management
$6,617,343,026
Clients
5,773
Advisors
306
of 1,455 employees
About
RBC Private Counsel (USA) Inc. is an SEC-registered investment adviser and a wholly‑owned subsidiary of Royal Bank of Canada that provides discretionary, individually managed accounts using a multi‑manager, multi‑asset‑class approach. The firm serves individuals and families (including former Canadian residents in the U.S.), business owners, foundations, trusts and not‑for‑profits, and reports roughly $7.89 billion in client assets across about 5,773 client relationships.
Investment decisions are made by Investment Counsellors supported by participating affiliates—principally RBC Global Asset Management and RBC Phillips, Hager & North—and by a Global Manager Research Team that conducts due diligence on external sub‑advisors; portfolios are built to each client’s Investment Policy Statement and monitored by a dedicated Portfolio Risk Group. Custody and administrative services are provided through affiliated custodians (including Royal Trust and, for certain wrap programs, an affiliated dealer), and implementation commonly combines proprietary RBC products with third‑party managers.
Compared with many peers, the firm operates within a broad financial services group and discloses affiliations spanning banking, trust, broker‑dealer and asset‑management entities, and it acts as a sponsor of wrap fee programs that appoint an affiliated dealer as custodian. The brochure also discloses recent material changes—clarifying treatment of interest on cash balances and updates to brokerage practices—and highlights the firm’s use of external manager selection and acceptance of corporate and institutional clients in addition to high‑net‑worth and individual households.
Client services
Expertise
Occupation focus
Fee options
$0+: Up to 1.10% per annum base management fee (varies by asset thresholds) N/A - N/A: Additional costs up to 0.75% per annum apply to Specialty Assets (specialty fixed income, specialty equity, and specialty alternatives) N/A - N/A: 1.25% separate fee for 'Series O' Phillips, Hager & North Absolute Return Fund ('ARF' Series O)
Account minimum: CDN $1 million (may be lowered or waived at discretion) Fee-only: Investment management fees include portfolio management, reporting, and administration; fees are charged monthly in arrears based on month-end portfolio value.
Most active in
Alabama · Alaska · Arizona · Arkansas · California · Colorado · Connecticut · Delaware · District of Columbia · Florida · Georgia · Hawaii · Idaho · Illinois · Indiana · Iowa · Kansas · Kentucky · Louisiana · Maine · Maryland · Massachusetts · Michigan · Minnesota · Mississippi · Missouri · Montana · Nebraska · Nevada · New Hampshire · New Jersey · New Mexico · New York · North Carolina · North Dakota · Ohio · Oklahoma · Oregon · Pennsylvania · Puerto Rico · Rhode Island · South Carolina · South Dakota · Tennessee · Texas · Utah · Vermont · Virgin Islands · Virginia · Washington · West Virginia · Wisconsin · Wyoming
Also doing business as
Rbc Private Counsel (Usa) Inc. · Rbc Wealth Management
Disclosures
Exclamation point means they have disclosures of this type. Check mark means no disclosures of this type were found.
Business activities & affiliations
Is active or affiliated with:
Insurance agent
They sell insurance products and may earn commissions on those sales.
Broker-dealer / trader
They provide brokerage services and may earn transaction-based compensation in addition to advisory fees.
Bank
They're affiliated with a bank that may offer its own financial products and services.
Trust company
They provide trust and estate administration services, typically for separate fees.
Fund sponsor
They manage or sponsor investment funds and may earn management or performance-based fees if clients invest in them.
Other specialized services
They may provide services such as pension consulting or municipal advisory work, typically for separate fees.
Is not active or affiliated with:
-
Accountant / CPA / tax prep
They offer tax and accounting services, typically for separate fees.
-
Lawyer
They provide legal services, typically billed separately.
-
Real estate agent
They facilitate real estate transactions and may earn commissions.
Advisors at this firm
Donald D
Series 63
Remote
RBC Private Counsel (USA) Inc.
Donald Douglas is a financial advisor with RBC Private Counsel (USA) Inc., holding a Series 63 designation and 15 years of industry experience. He has been with RBC Private Counsel since 2000 and with RBC Dominion Securities Inc. since 1993. RBC Private Counsel (USA) Inc. is an SEC-registered investment adviser and a wholly owned subsidiary of Royal Bank of Canada that manages discretionary, individually tailored accounts using a multi-manager, multi-asset-class approach. The firm serves individuals and families, business owners, foundations, trusts, and not-for-profits, with approximately $7.89 billion in client assets.
Steve L
Remote
RBC Private Counsel (USA) Inc.
Steve Lester is a financial advisor with RBC Private Counsel (USA) Inc., holding 12 years of industry experience. He has worked at RBC Private Counsel since 2004 and at RBC Dominion Securities since 1996, totaling over 30 years within the RBC organization. RBC Private Counsel (USA) Inc. is an SEC-registered investment adviser and a wholly owned subsidiary of Royal Bank of Canada. The firm provides discretionary, individually managed accounts using a multi-manager, multi-asset-class approach, serving individuals, families, business owners, foundations, trusts, and not-for-profits.
Christopher G
Remote
RBC Private Counsel (USA) Inc.
Christopher Grey is a financial advisor at RBC Private Counsel (USA) Inc. with 2 years of industry experience and over 25 years affiliated with RBC Wealth Management and related entities. He has worked within RBC Dominion Securities Inc. and its affiliated firms since 2001. RBC Private Counsel (USA) Inc. is an SEC-registered investment adviser and a wholly owned subsidiary of the Royal Bank of Canada that manages discretionary, individually tailored accounts. The firm serves a diverse client base including individuals, families, business owners, foundations, and not-for-profits using a multi-manager, multi-asset-class approach supported by a dedicated research and risk oversight team.
Ronald B
Remote
RBC Private Counsel (USA) Inc.
Ronald Beer is a financial advisor with RBC Private Counsel (USA) Inc. He holds over 6 years of industry experience and has been with RBC-affiliated firms since 1990. Ronald serves on the Board of Directors for the Newfoundland and Symphony Orchestra, which provides orchestral music performances throughout St. John's, Newfoundland and Labrador. RBC Private Counsel (USA) Inc. is an SEC-registered investment adviser and a subsidiary of Royal Bank of Canada, offering discretionary, individually managed accounts through a multi-manager, multi-asset-class approach. The firm serves individuals, families, business owners, foundations, trusts, and not-for-profits, managing approximately $7.89 billion in client assets across about 5,773 relationships.
Justin G
Remote
RBC Private Counsel (USA) Inc.
Justin Ginetz is a financial advisor at RBC Private Counsel (USA) Inc. with 10 years of industry experience. He has worked within various RBC entities since 2016 and previously worked at Barnacle Bill's for one year. RBC Private Counsel (USA) Inc. is an SEC-registered investment adviser and a wholly owned subsidiary of the Royal Bank of Canada. The firm provides discretionary, individually managed accounts using a multi-manager, multi-asset-class approach and serves individuals, families, business owners, foundations, trusts, and not-for-profits.
Stephen M
Remote
RBC Private Counsel (USA) Inc.
Stephen Millard is a financial advisor with RBC Private Counsel (USA) Inc. He holds credentials with over 4 years of industry experience, having worked at RBC Private Counsel since 2021, and also with RBC Wealth Management Financial Services Inc. and RBC Dominion Securities Inc. since 2015. RBC Private Counsel (USA) Inc. is an SEC-registered investment adviser and a wholly owned subsidiary of Royal Bank of Canada. The firm provides discretionary, individually managed accounts using a multi-manager, multi-asset-class approach and serves individuals, families, business owners, foundations, trusts, and not-for-profits.
William P
Remote
RBC Private Counsel (USA) Inc.
William Pringle is a financial advisor at RBC Private Counsel (USA) Inc. with 14 years of industry experience. He has worked with RBC Dominion Securities Inc. since 2012 and with RBC Private Counsel since 2016. RBC Private Counsel (USA) Inc. is an SEC-registered investment adviser and a subsidiary of Royal Bank of Canada that manages discretionary, individually tailored portfolios using a multi-manager, multi-asset-class approach. The firm serves individuals, families, business owners, foundations, trusts, and not-for-profits, overseeing approximately $7.89 billion in client assets.
Michael K
Remote
RBC Private Counsel (USA) Inc.
Michael Kooy is a financial advisor with RBC Private Counsel (USA) Inc. He holds eight years of industry experience and has been with RBC Dominion Securities Inc. since 2010 and RBC Private Counsel (USA) Inc. since 2015. Outside of his advisory role, Kooy serves as a director for private real estate investment companies focused on retirement homes, long-term care homes, and apartment buildings. RBC Private Counsel (USA) Inc. is an SEC-registered investment adviser and a subsidiary of Royal Bank of Canada that offers discretionary, individually managed accounts through a multi-manager, multi-asset-class approach. The firm serves individuals, families, business owners, foundations, trusts, and not-for-profits, managing approximately $7.89 billion in client assets.
Patrick L
Remote
RBC Private Counsel (USA) Inc.
Patrick Lostracco is a financial advisor at RBC Private Counsel (USA) Inc. with 11 years of industry experience. He has been with RBC Private Counsel since 2015 and has a total of 20 years at affiliated RBC entities. Outside of his advisory role, he is an owner and shareholder of a private company involved in rental property ownership. RBC Private Counsel (USA) Inc. is an SEC-registered investment adviser serving individuals, families, business owners, foundations, trusts, and not-for-profits. The firm offers discretionary, individually managed accounts through a multi-manager, multi-asset-class approach and manages approximately $7.89 billion in client assets.
Jean D
Remote
RBC Private Counsel (USA) Inc.
Jean Dutil is a financial advisor with RBC Private Counsel (USA) Inc., holding seven years of industry experience. He has been with RBC Private Counsel since 2015 and concurrently associated with RBC Dominion Securities Global Ltd. since 2011. RBC Private Counsel (USA) Inc. is an SEC-registered investment adviser and wholly owned subsidiary of Royal Bank of Canada that provides discretionary, individually managed accounts through a multi-manager, multi-asset-class approach. The firm serves individuals, families, business owners, foundations, trusts, and not-for-profits, managing approximately $7.89 billion in client assets.
Robert G
Remote
RBC Private Counsel (USA) Inc.
Robert Greenidge is a financial advisor with RBC Private Counsel (USA) Inc. He holds six years of industry experience and has worked with RBC Private Counsel since 2020. His prior roles include positions at RBC Dominion Securities Inc. and Royal Mutual Funds Inc. RBC Private Counsel (USA) Inc. is an SEC-registered investment adviser and a wholly owned subsidiary of Royal Bank of Canada. The firm provides discretionary, individually managed accounts using a multi-manager, multi-asset-class approach, serving individuals, families, business owners, foundations, trusts, and not-for-profits.
Spencer G
Remote
RBC Private Counsel (USA) Inc.
Spencer Glenn is a financial advisor with RBC Private Counsel (USA) Inc., holding eight years of industry experience. He has been with RBC Private Counsel since 2016 and has worked concurrently at RBC Dominion Securities Inc. since 2015. RBC Private Counsel (USA) Inc. is an SEC-registered investment adviser and a wholly owned subsidiary of Royal Bank of Canada. The firm provides discretionary, individually managed accounts through a multi-manager, multi-asset-class approach, serving individuals, families, business owners, foundations, trusts, and not-for-profits.
Paulo D
Remote
RBC Private Counsel (USA) Inc.
Paulo Dacosta is a financial advisor with RBC Private Counsel (USA) Inc. and holds seven years of industry experience. He has been with RBC Wealth Management Financial Services Inc. since 2017 and has also worked with RBC Private Counsel (USA) Inc. and RBC Dominion Securities Inc. since 2016. RBC Private Counsel (USA) Inc. is an SEC-registered investment adviser and a wholly owned subsidiary of Royal Bank of Canada, providing discretionary, individually managed accounts through a multi-manager, multi-asset-class approach. The firm serves individuals, families, business owners, foundations, trusts, and not-for-profits, managing approximately $7.89 billion in client assets.
David S
Series 63
Remote
RBC Private Counsel (USA) Inc.
David Serber is a financial advisor at RBC Private Counsel (USA) Inc. with 13 years of industry experience. He holds the Series 63 designation and has worked at RBC Private Counsel since 2000, as well as at RBC Dominion Securities since 1991. RBC Private Counsel (USA) Inc. is an SEC-registered investment adviser and a wholly owned subsidiary of Royal Bank of Canada, providing discretionary, individually managed accounts through a multi-manager, multi-asset-class approach. The firm serves individuals, families, business owners, foundations, trusts, and not-for-profits, managing approximately $7.89 billion in client assets.
Panagiotes A
Remote
RBC Private Counsel (USA) Inc.
Panagiotes Argiris is a financial advisor at RBC Private Counsel (USA) Inc. with nine years of industry experience. He has worked at RBC Phillips, Hager & North Investment Counsel Inc. since 2017 and was previously employed at Wood Mackenzie from 2013 to 2017. RBC Private Counsel (USA) Inc. is a wholly owned subsidiary of Royal Bank of Canada that provides discretionary, individually managed accounts using a multi-manager, multi-asset-class approach. The firm serves individuals, families, business owners, foundations, trusts, and not-for-profits, managing approximately $7.89 billion in client assets.
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