Research Capital Corporation
Research Capital Corporation is a privately held, employee-owned Canadian full-service investment firm founded in 1921, offering wealth management, investment banking, venture investment banking, institutional sales and trading, and equity research to individual, corporate, and institutional clients across Canada and the US.
- Company typePrivate
- Founded1921
- HeadquartersToronto, Canada
- Headcount251–500
- GTM typeB2B and B2C
- OfferingServices
What Research Capital Corporation does
Research Capital Corporation is a privately held, employee-owned Canadian full-service investment firm founded in 1921, headquartered in Toronto, and operating across 12+ Canadian offices from Vancouver to Montreal, with a wholly owned US subsidiary (Research Capital USA Inc.) serving US institutional investors. The firm is self-clearing and member of all major Canadian exchanges (TSX, TSXV, TSX Alpha, Montreal Exchange, CSE) plus ATS marketplaces, and is regulated by CIRO and member of CIPF and FINRA.
Its core business spans four interconnected lines: (1) Private Client Services — discretionary portfolio management and non-discretionary investment advisory for individual investors with $6B+ in AUM; (2) Investment Banking — corporate finance and advisory for mid-market and small-cap companies, including IPOs, bought deals, private placements, ATMs, rights offerings, and M&A; (3) Venture Investment Banking — a specialized practice serving micro-cap and Capital Pool Companies, with completed transactions as small as $300,000; and (4) Institutional Sales & Trading — an agency-only execution model connecting institutional investors with small-to-mid cap issuers. Independent equity research covers 100+ growth companies across mining, energy, clean technology, telecom, and agriculture, distributed through Reuters, Bloomberg, FactSet, and Capital IQ.
Revenue is generated through a mix of commissions on private client trading, advisory and portfolio management fees on AUM, and transaction-based fees (underwriting commissions, advisory retainers, and success-based fees) on investment banking mandates. Pricing is not publicly disclosed and is customized per client. The firm ranks #2 in lead-managed deals and market share in the Canadian small-cap space and has raised over $6B in gross proceeds for corporate clients over the past five years. There is no public revenue disclosure, no external PE/VC backing, and no AI/ML capability referenced in available data.
Research Capital Corporation firmographics
Firmographics- Name
- Research Capital Corporation
- Legal name
- Research Capital Corporation
- Website
- https://researchcapital.com
- Company type
- Private
- Founded year
- 1921
- Operating status
- Operating
- Headcount range
- 251–500 employees
- Short description
- Research Capital Corporation is a privately held, employee-owned Canadian full-service investment firm founded in 1921, offering wealth management, investment banking, venture investment banking, institutional sales and trading, and equity research to individual, corporate, and institutional clients across Canada and the US.
- Ownership category
- akta.pro rank
Research Capital Corporation industry classification
Industry- Product category
- Investment Banking & Wealth Management
- NAICS
- Portfolio Management and Investment Advice (523940), Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523), All Other Financial Investment Activities (52399)
- SIC
- Investment Advice (6282)
- akta.pro primary industry
- Capital Raising Advisory (Equity & Equity-Linked) (FSAEAGAC)
- akta.pro secondary industries
- Equity Research (FSACAGAA), Corporate Finance & Capital Advisory (BPAHADAB), Equity Capital Advisory (Private Equity Placements, Growth Capital) (BPAHAOAE), Investor Education, Research & Portfolio Analytics Services (Retail) (FSAAAAAO)
Keywords
Where Research Capital Corporation is headquartered
LocationHeadquarters
- HQ city
- Toronto
- HQ country
- Canada
- HQ region
- North America
Offices12 records
Markets served
Research Capital Corporation business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure, Others
Distribution channels4 records
Marketing channels5 records
Research Capital Corporation product offering
Product offeringCore offering
Research Capital Corporation is a Canadian independent full-service investment firm providing wealth management, investment banking, venture investment banking, institutional sales & trading, equity capital markets, fixed income, advisory services, and equity research coverage of over 100 growth companies. It serves individual investors through private client services and portfolio management, corporations through capital raising and M&A advisory, and institutional investors through agency-based sales, trading, and research distribution.
Product overview
Research Capital Corporation is a Canadian independent full-service investment firm offering a unified platform of wealth management and capital markets services. The core offering comprises Private Client Services (discretionary portfolio management and investment advisory), Investment Banking (corporate finance, M&A advisory, and venture investment banking for early-stage companies), Institutional Sales & Trading with Equity Capital Markets execution capabilities, Fixed Income products, and independent Research coverage of over 100 growth companies. The firm also operates a Client Login digital portal for client account access and partners with Research Capital Financial Services for wealth planning. The company positions itself as Canada's largest private employee-owned investment dealer with over $6 billion raised in the last five years.
Differentiator
Problem solved
Functional benefit
Products and services
- Private Client Services
- Investment Banking
- Venture Investment Banking
- Institutional Sales & Trading
- Research
- Fixed Income
- Equity Capital Markets
- Client Login Portal
- Research Capital Financial Services
Quantifiable outcome
- $6 billion+ in gross proceeds raised for companies over the last 5 years
- +3 more outcomes
Companies that use Research Capital Corporation
Customer profileSegments4 records
Ideal customer profiles4 records
Research Capital Corporation technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Research Capital Corporation partnerships and signals
Strategic signalScale indicators6 records
Recent moves6 records
Expansion highlights6 records
Research Capital Corporation competitors and assessment
Company assessmentDirect peers
- Echelon Wealth Partners: Canadian independent investment dealer providing wealth management and institutional services to growth companies, with active small-cap research distribution. Closely comparable independent mid-market dealer.
- Haywood Securities: Canadian independent investment dealer with strong small-cap and resource-sector focus, frequently co-underwriting with Research Capital on mining and resource transactions. Most direct comparable in terms of independent positioning and small-cap capital markets focus.
- Raymond James (Canada): Canadian arm of Raymond James offering full-service wealth management, capital markets, and institutional services. Direct competitor in Canadian small-cap and mid-market capital markets with overlapping private client wealth management.
- Red Cloud Securities: Canadian independent broker focused on the mining and resource sector, frequently co-underwriting with Research Capital on mining financings (Kootenay Silver, GR Silver, Aftermath Silver). Comparable in resource-sector small-cap focus.
- PI Financial Corporation: Canadian independent investment dealer providing wealth management and capital markets services to growth companies; Jean-Paul Bachellerie joined Research Capital from PI Financial in 2025. Closely comparable independent mid-market dealer.
- Beacon Securities: Canadian independent investment dealer focused on small and mid-cap equities, frequently appearing alongside Research Capital as co-underwriter on resource-sector deals. Comparable independent boutique focused on growth-company capital markets.
- Canaccord Genuity: Canadian-headquartered independent full-service investment dealer focused on mid-market and growth companies across capital markets, wealth management, and research. Direct competitor for mid-market IB mandates and small-cap underwriting, often appearing as co-underwriter on RCC-led deals.
Broad incumbents
- BMO Capital Markets: Investment banking arm of Bank of Montreal providing full-service capital markets including equity underwriting in Canadian mid-market. Larger bank-owned incumbent competing for the same mid-market corporate clients that RCC serves.
- RBC Capital Markets: Investment banking arm of Royal Bank of Canada offering full-service capital markets, M&A advisory, and equity underwriting across Canadian mid-market. Bank-owned incumbent with materially larger balance sheet competing for corporate mandates.
- TD Securities: Investment banking arm of Toronto-Dominion Bank providing capital markets and advisory services with significant Canadian mid-market equity underwriting presence. Bank-owned incumbent competing for the same corporate client base.
Market position
Strengths5 records
Weaknesses4 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Research Capital Corporation compliance and trust
Trust signalCompliance6 records
Research Capital Corporation financial estimates
Financial estimateRevenue estimate
Valuation estimate
Research Capital Corporation leadership team
Management profileNumber of profiles
Profiles4 records
Research Capital Corporation subsidiaries and ownership
Company hierarchySubsidiaries2 records
Research Capital Corporation funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Research Capital Corporation M&A and investment
M&A and investmentM&A1 record
Investments15 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Research Capital Corporation
What does Research Capital Corporation do?
Research Capital Corporation is a Canadian independent full-service investment firm providing wealth management, investment banking, venture investment banking, institutional sales & trading, equity capital markets, fixed income, advisory services, and equity research coverage of over 100 growth companies. It serves individual investors through private client services and portfolio management, corporations through capital raising and M&A advisory, and institutional investors through agency-based sales, trading, and research distribution.
Is Research Capital Corporation a public or private company?
Research Capital Corporation is a private company. It is classified as management employee owned and is currently operating.
When was Research Capital Corporation founded?
Research Capital Corporation was founded in 1921. It employs 251 to 500 people.
Where is Research Capital Corporation based?
Research Capital Corporation is headquartered in Toronto, Canada, in the North America region.
Who are Research Capital Corporation's main competitors?
Direct peers on record are Echelon Wealth Partners, Haywood Securities, Raymond James (Canada), Red Cloud Securities, PI Financial Corporation, Beacon Securities and Canaccord Genuity. Broad incumbents are BMO Capital Markets, RBC Capital Markets and TD Securities.
Does Research Capital Corporation have an API?
No public API is recorded for Research Capital Corporation.
What industry is Research Capital Corporation in?
Research Capital Corporation's product category is Investment Banking & Wealth Management. Its primary akta.pro industry code is FSAEAGAC, Capital Raising Advisory (Equity & Equity-Linked), with a secondary code of FSACAGAA, Equity Research. Its NAICS code is 523940 and its SIC code is 6282.