Royal Bank Of Canada Investment Management(Usa) Limited (London)

Royal Bank Of Canada Investment Management(Usa) Limited is a large advisory firm based in London. It manages $352.19 million of regulatory assets for 37 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of California, Colorado, Connecticut, and 18 other states.

Royal Bank Of Canada Investment Management(Usa) Limited provides portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and publication of newsletters. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Royal Bank Of Canada Investment Management(Usa) Limited: assets under management

The assets under management (AUM) of Royal Bank Of Canada Investment Management(Usa) Limited is $352.19 million. The firm's AUM has grown by 7875% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $10.79 million in discretionary accounts and $341.4 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.54 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $11.38 million.

Investments

The firm invests in exchange traded securities the most. They account for 90% of the total AUM. The second-largest asset type is investment grade corporate bonds, which make up 5% of the firm’s portfolio. Investments in pooled investment vehicles form 3% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Royal Bank Of Canada Investment Management(Usa) Limited for their services and products based on a percentage of assets under management and fixed fees. 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 Mark Robert Clatworthy serves?

The firm provides services to high net worth individuals and corporations or other businesses. The largest group of clients of Mark Robert Clatworthy is corporations or other businesses with 24 clients and $335.2 million of assets under management. Among the 7 most similar advisory firms, Royal Bank Of Canada Investment Management(Usa) Limited has the highest percentage of corporations or other businesses out of all clients.

The amount of regulatory assets under management is $352.19 million for 37 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Royal Bank Of Canada Investment Management(Usa) Limited doesn't advise any private funds.

Careers at Royal Bank Of Canada Investment Management(Usa) Limited

The company employs 18 people that are either part- or full-time employees. 11 percent of the employees work as investment advisers or researchers. 7 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.

Mark Robert Clatworthy has been acting as President since 1 Jan 2010. Christopher Ross Nevill Jennings joined the executive team most recently as the Director.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Royal Bank Of Canada Investment Management (Uk) Ltd	Direct parent	1 Apr 1990	75% - 100%	foreign
Royal Bank Of Canada Investment Management (Uk) Ltd	Direct parent	1 Apr 1998	75% - 100%	foreign
Philip Martin Cutts	Chief executive officer	1 Oct 1998	Other	4393409
Adrian Butterworth	Compliance manager	1 Apr 1999	Other	4392700
Gary Andrew Webber	Finance officer	1 Feb 2000	Other	4393420
Andrew Buchanan	Director	1 Apr 2000	Other	4393404
Loraine Gael Christison Pinel	Director	1 Apr 2000	Other	4393415
Thomas Walford	Director	1 Sep 2000	Other	4393411
Steven James Fleming	Finance officer	1 May 2001	Other	4498503
Ansel Edwin Holder	Director	1 Nov 2001	Other	4498957
Jeffrey Samuel Dick	Director	1 Nov 2002	Other	4739812
John Warwick Burbidge	Director	1 Jun 2003	Other	4739814
David Russell Miller	Chief executive officer	1 Mar 2004	Other	4922167
Kevin Flanagan	Director	1 Nov 2004	Other	4657858
Paul Patterson	Director	1 Nov 2004	Other	4658730
Peter Mark Cleavely	Chief compliance officer	1 Sep 2006	Other	2951636
Edward William Upsdell	Director	1 Nov 2006	Other	5283146
Mark Benedict Evans	Director	1 Feb 2007	Other	3163162
Royal Bank Of Canada Investment Management (Uk) Ltd	Direct parent	1 Oct 2007	75% - 100%	foreign
Paul Stuart Hecker	Head of central compliance	1 Jan 2009	Other	5638716
Melanie Lorraine Keyes	Head of wealth management london compliance	1 Sep 2009	Other	5730276
Mark Robert Clatworthy	Director	1 Jan 2010	Other	5882623
Ronald Paul Patterson	Director	1 Jul 2010	Other	5882618
Tracy Lee Maeter	Chief executive officer and director	1 Aug 2010	Other	2559173
Pauline Fidelis Mary Egan	Director	1 Aug 2010	Other	5882630
David John Thomas	Director (non-executive)	1 Oct 2010	Other	5882626
Timothy Butlin	Risk officer	1 Mar 2011	Other	6159767
Daniel Edward Shonfeld	Money laundering officer	1 Apr 2011	Other	6021501
Graeme Ashley Hepworth	Chief risk officer	1 Jun 2011	Other	4872223
Timothy Fletcher	Operations officer	1 Oct 2011	Other	5073628
Michael Andrew Moodie	Director	1 Nov 2011	Other	4754429
Christopher John Ball	Chief financial offier	1 Jan 2012	Other	6021504
Manju Lalji Naran Jessa	Chief legal officer	1 Jan 2012	Other	6021563
Frank (Nmn) Lippa	Director (non-executive)	1 Jun 2012	Other	5640485
Philip Mark David Harris	Director	1 Jun 2012	Other	6159447
Daniel Lee Ellis	Chief executive officer and director	1 Nov 2013	Other	6293951
Ervena Sandi Veerabudren	Chief compliance officer, wealth management london	1 Dec 2013	Other	6292730
Stephen Rosentjerne Krag	Director (non-executive)	1 Feb 2014	Other	6293952
Niall Wilson	Risk officer	1 Jul 2014	Other	6752018
Melanie Lorraine Keyes	Chief compliance officer, wealth management london	1 Jan 2015	Other	5730276
Antony David Johnson	Director	1 Mar 2015	Other	6752016
Bruce William Maclaren	Chief risk officer	1 Aug 2015	Other	6571878
Scott Richard Currin	Money laundering officer	1 Sep 2015	Other	6569692
David Rawlinson	Chief compliance officer, wealth management london	1 Jan 2016	Other	6608945
Mark Saul Pearlman	Chief financial officer	1 May 2017	Other	6906957
Christopher Ross Nevill Jennings	Director	1 Sep 2017	Other	6906959

Indirect Owners

The SEC currently registers 5 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Royal Bank Of Canada	Parent company	1 Dec 1972	75% - 100%	foreign
Rbc Finance Bv	Shareholder	1 Jul 1973	75% - 100%	foreign
Royal Bank Of Canada Holdings (Uk) Ltd	Indirect parent	1 Apr 1990	75% - 100%	foreign
Royal Bank Of Canada Holdings (Uk) Ltd	Indirect parent	1 Oct 2003	75% - 100%	foreign
Royal Bank Of Canada	Parent company	1 Nov 2012	75% - 100%	13-5357588

Based in London

The principal office where Royal Bank Of Canada Investment Management(Usa) Limited performs its advisory services is located at Riverbank House, London, Ec4 R 3 Bf, 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 44 20 7653 4000 or by fax 44 20 7236 1768. The normal business hours are 8am - 6pm on Monday - Friday.