{
  "crd_number": 107173,
  "slug": "rbc-global-asset-management-u-s-inc-minneapolis-mn-107173",
  "primary_business_name": "RBC GLOBAL ASSET MANAGEMENT (U.S.) INC.",
  "legal_name": "RBC GLOBAL ASSET MANAGEMENT (U.S.) INC.",
  "dbas": [
    "RBC BLUEBAY"
  ],
  "city": "Minneapolis",
  "state": "MN",
  "country": "United States",
  "cbsa_code": "33460",
  "metro": {
    "cbsa_code": "33460",
    "common_name": "Minneapolis",
    "msa_name": "Minneapolis-St. Paul-Bloomington, MN-WI",
    "path": "/advisors/mn/minneapolis"
  },
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "1983-12-27",
  "years_registered": 42,
  "period": "2026-10-01",
  "filing_date": "2026-05-21",
  "carried_forward": false,
  "raum_total": 104487615868.0,
  "raum_discretionary": 104487615868.0,
  "raum_non_discretionary": 0.0,
  "raum_band": "over_5b",
  "raum_band_label": "Over $5 billion",
  "total_employees": 212,
  "advisory_employees": 37,
  "client_count_bucket": "fewer_than_5_in_some_types",
  "clients_by_type": {
    "charitable": {
      "raum": 170581657.0,
      "count": 2,
      "fewer_than_5": true
    },
    "individuals": {
      "raum": 62915070.0,
      "count": 69
    },
    "banking_thrift": {
      "raum": 0.0,
      "count": 0,
      "fewer_than_5": true
    },
    "state_municipal": {
      "raum": 12920025945.0,
      "count": 31
    },
    "insurance_companies": {
      "raum": 1407527753.0,
      "count": 3,
      "fewer_than_5": true
    },
    "investment_companies": {
      "raum": 29417492848.0,
      "count": 13
    },
    "pension_profit_sharing": {
      "raum": 4674917377.0,
      "count": 18
    },
    "other_investment_advisers": {
      "raum": 593198185.0,
      "count": 2,
      "fewer_than_5": true
    },
    "high_net_worth_individuals": {
      "raum": 21498738.0,
      "count": 3,
      "fewer_than_5": true
    },
    "pooled_investment_vehicles": {
      "raum": 41955969404.0,
      "count": 74
    },
    "corporations_other_businesses": {
      "raum": 12360493543.0,
      "count": 29
    },
    "business_development_companies": {
      "raum": 0.0,
      "count": 0
    },
    "sovereign_wealth_foreign_official": {
      "raum": 902995348.0,
      "count": 1,
      "fewer_than_5": true
    }
  },
  "compensation_types": [
    "fixed",
    "percentage_of_aum",
    "performance_based"
  ],
  "advisory_activities": [
    "other",
    "portfolio_management_businesses_institutional",
    "portfolio_management_individuals",
    "portfolio_management_investment_companies",
    "portfolio_management_pooled_vehicles",
    "selection_of_other_advisers"
  ],
  "wrap_fee_participant": true,
  "disclosure_yes_count": 3,
  "states_registered": [
    "AK",
    "AL",
    "AR",
    "AZ",
    "CA",
    "CO",
    "CT",
    "DC",
    "DE",
    "FL",
    "GA",
    "HI",
    "IA",
    "ID",
    "IL",
    "IN",
    "KS",
    "KY",
    "LA",
    "MA",
    "MD",
    "ME",
    "MI",
    "MN",
    "MO",
    "MS",
    "MT",
    "NC",
    "ND",
    "NE",
    "NH",
    "NJ",
    "NM",
    "NV",
    "NY",
    "OH",
    "OK",
    "OR",
    "PA",
    "PR",
    "RI",
    "SC",
    "SD",
    "TN",
    "TX",
    "UT",
    "VA",
    "VI",
    "VT",
    "WA",
    "WI",
    "WV",
    "WY"
  ],
  "websites": [
    "https://linkedin.com/COMPANY/RBC-GLOBAL-ASSET-MANAGEMENT",
    "https://rbcgam.com",
    "https://twitter.com/RBCGAMNEWS"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/107173",
  "disclosure_items": [
    {
      "item": "11.C(2)",
      "question": "Has the SEC or the CFTC ever found that the firm or an advisory affiliate was involved in a violation of SEC or CFTC regulations or statutes?"
    },
    {
      "item": "11.C(5)",
      "question": "Has the SEC or the CFTC ever imposed a civil money penalty on the firm or an advisory affiliate, or ordered the firm or an advisory affiliate to cease and desist from an activity?"
    },
    {
      "item": "11.D(2)",
      "question": "Has another federal regulator, a state regulator, or a foreign financial regulator ever found that the firm or an advisory affiliate was involved in a violation of investment-related regulations or statutes?"
    }
  ],
  "city_as_filed": "MINNEAPOLIS",
  "url": "https://advisorcensus.com/firm/rbc-global-asset-management-u-s-inc-minneapolis-mn-107173",
  "display_name": "RBC Global Asset Management (U.S.) Inc.",
  "summary": "RBC Global Asset Management (U.S.) Inc. is an SEC-registered investment advisory firm in Minneapolis, MN, registered since 1983, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated May 21, 2026.",
  "citation": "AdvisorCensus. RBC Global Asset Management (U.S.) Inc. (CRD 107173): Form ADV filing data as of October 2026.",
  "registration_type_label": "SEC-registered investment adviser",
  "compensation_labels": [
    "A percentage of assets under your management",
    "Fixed fees (other than subscription fees)",
    "Performance-based fees"
  ],
  "advisory_activity_labels": [
    "Portfolio management for individuals and/or small businesses",
    "Portfolio management for investment companies (and business development companies)",
    "Portfolio management for pooled investment vehicles (other than investment companies)",
    "Portfolio management for businesses (other than small businesses) or institutional clients",
    "Selection of other advisers (including private fund managers)",
    "Other"
  ],
  "quick_answers": [
    {
      "q": "How is RBC Global Asset Management (U.S.) Inc. compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), RBC Global Asset Management (U.S.) Inc. reports these compensation arrangements: a percentage of assets under its management; fixed fees (other than subscription fees); performance-based fees."
    },
    {
      "q": "Where is RBC Global Asset Management (U.S.) Inc. located?",
      "a": "RBC Global Asset Management (U.S.) Inc.'s principal office is in Minneapolis, MN, according to its Form ADV; the June 2026 filing also lists 3 other offices (Schedule D, Section 1.F)."
    },
    {
      "q": "Is RBC Global Asset Management (U.S.) Inc. registered with the SEC or a state?",
      "a": "RBC Global Asset Management (U.S.) Inc. is an SEC-registered investment advisory firm, registered since 1983. Status as filed: Approved. CRD 107173."
    },
    {
      "q": "How much does RBC Global Asset Management (U.S.) Inc. manage?",
      "a": "RBC Global Asset Management (U.S.) Inc. reports $104,487,615,868 in regulatory assets under management in its Form ADV filing dated May 21, 2026 (100% discretionary)."
    },
    {
      "q": "How have RBC Global Asset Management (U.S.) Inc.'s assets and staff changed since 2021?",
      "a": "In the Form ADV data for RBC Global Asset Management (U.S.) Inc.: Regulatory assets under management: $56,457,085,991 in the October 2021 data and $104,487,615,868 in the October 2026 data, up 85%. Total employees: 173 in October 2021 and 212 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does RBC Global Asset Management (U.S.) Inc. serve?",
      "a": "By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (74); individuals (other than high net worth individuals) (69); state or municipal government entities (including government pension plans) (31)."
    },
    {
      "q": "Which custodians does RBC Global Asset Management (U.S.) Inc. use?",
      "a": "RBC Global Asset Management (U.S.) Inc.'s most recent Form ADV filing (Schedule D, Section 5.K(3)) lists JPMorgan Chase Bank, National Association, State Street Bank and Trust and U.S. Bank as custodians holding 10% or more of its separately managed account assets."
    },
    {
      "q": "Does RBC Global Asset Management (U.S.) Inc. report any disciplinary disclosures?",
      "a": "Reports 3 disclosure items on Form ADV Item 11: yes answers to 11.C(2) (SEC or CFTC finding of a violation), 11.C(5) (SEC or CFTC civil money penalty or cease-and-desist order), and 11.D(2) (another regulator's finding of a violation). Each question covers the firm and its advisory affiliates, and one event can produce several yes answers. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/107173"
    },
    {
      "q": "What changed in RBC Global Asset Management (U.S.) Inc.'s recent Form ADV filings?",
      "a": "In the February 2026 filing data: Item 11 disclosure answers changed: 3 yes answers, previously 5 (now no: 11.H(1)(a), 11.H(1)(b)). Employees performing advisory functions went from 48 to 37. Regulatory assets under management went from $76,497,109,888 to $104,487,615,868 (+37%)."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 56457085991.0,
      "total_employees": 173,
      "filing_date": "2021-07-19"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 57525542651.0,
      "total_employees": 194,
      "filing_date": "2022-04-26"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 38022283496.0,
      "total_employees": 205,
      "filing_date": "2023-05-05"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 79907945932.0,
      "total_employees": 195,
      "filing_date": "2024-08-07"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 76497109888.0,
      "total_employees": 193,
      "filing_date": "2025-07-15"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 104487615868.0,
      "total_employees": 212,
      "filing_date": "2026-05-21"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-02-01",
      "period_label": "February 2026",
      "notes": [
        "Item 11 disclosure answers changed: 3 yes answers, previously 5 (now no: 11.H(1)(a), 11.H(1)(b)).",
        "Employees performing advisory functions went from 48 to 37.",
        "Regulatory assets under management went from $76,497,109,888 to $104,487,615,868 (+37%)."
      ]
    },
    {
      "period": "2025-11-01",
      "period_label": "November 2025",
      "notes": [
        "Updated its list of owners and control persons (Schedule A)."
      ]
    }
  ],
  "fees_from_brochure": null,
  "custodians": [
    {
      "name": "JPMorgan Chase Bank, National Association",
      "name_as_filed": "JPMORGAN CHASE BANK, NATIONAL ASSOCIATION",
      "affiliated": false
    },
    {
      "name": "State Street Bank and Trust",
      "name_as_filed": "STATE STREET BANK AND TRUST",
      "affiliated": false
    },
    {
      "name": "U.S. Bank",
      "name_as_filed": "U.S. BANK",
      "affiliated": false
    }
  ],
  "custodians_note": "Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.",
  "markdown_url": "https://advisorcensus.com/firm/rbc-global-asset-management-u-s-inc-minneapolis-mn-107173.md",
  "clients": [
    {
      "type": "individuals",
      "label": "Individuals (other than high net worth individuals)",
      "count": 69,
      "fewer_than_5": false,
      "raum": 62915070.0
    },
    {
      "type": "high_net_worth_individuals",
      "label": "High net worth individuals",
      "count": 3,
      "fewer_than_5": true,
      "raum": 21498738.0
    },
    {
      "type": "banking_thrift",
      "label": "Banking or thrift institutions",
      "count": 0,
      "fewer_than_5": true,
      "raum": 0.0
    },
    {
      "type": "investment_companies",
      "label": "Investment companies",
      "count": 13,
      "fewer_than_5": false,
      "raum": 29417492848.0
    },
    {
      "type": "business_development_companies",
      "label": "Business development companies",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "pooled_investment_vehicles",
      "label": "Pooled investment vehicles (other than investment companies and business development companies)",
      "count": 74,
      "fewer_than_5": false,
      "raum": 41955969404.0
    },
    {
      "type": "pension_profit_sharing",
      "label": "Pension and profit sharing plans (but not the plan participants or government pension plans)",
      "count": 18,
      "fewer_than_5": false,
      "raum": 4674917377.0
    },
    {
      "type": "charitable",
      "label": "Charitable organizations",
      "count": 2,
      "fewer_than_5": true,
      "raum": 170581657.0
    },
    {
      "type": "state_municipal",
      "label": "State or municipal government entities (including government pension plans)",
      "count": 31,
      "fewer_than_5": false,
      "raum": 12920025945.0
    },
    {
      "type": "other_investment_advisers",
      "label": "Other investment advisers",
      "count": 2,
      "fewer_than_5": true,
      "raum": 593198185.0
    },
    {
      "type": "insurance_companies",
      "label": "Insurance companies",
      "count": 3,
      "fewer_than_5": true,
      "raum": 1407527753.0
    },
    {
      "type": "sovereign_wealth_foreign_official",
      "label": "Sovereign wealth funds and foreign official institutions",
      "count": 1,
      "fewer_than_5": true,
      "raum": 902995348.0
    },
    {
      "type": "corporations_other_businesses",
      "label": "Corporations or other businesses not listed above",
      "count": 29,
      "fewer_than_5": false,
      "raum": 12360493543.0
    }
  ],
  "disclosure_line": "Reports 3 disclosure items on Form ADV Item 11.",
  "indexable": true,
  "suppressed": false,
  "claimed": false,
  "enhanced": false,
  "provided_by_the_firm": null,
  "source": {
    "name": "Form ADV",
    "as_of": "2026-10-01",
    "iapd_url": "https://adviserinfo.sec.gov/firm/summary/107173",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}