Research Capital Corporation

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

Ownership category

akta.pro rank

Product category

Investment Banking & Wealth Management

NAICS

Portfolio Management and Investment Advice (523940), Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523)

SIC

Investment Advice (6282)

akta.pro primary industry

Corporate Finance & Capital Advisory (BPAHADAB)

akta.pro secondary industries

Capital Raising Advisory (Debt/Equity/Private Capital) (BPAHADAG), Capital Raising Advisory (Equity & Equity-Linked) (FSAEAGAC), Equity Capital Advisory (Private Equity Placements, Growth Capital) (BPAHAOAE)

Keywords

• Investment banking services
• Wealth management advisory
• Institutional equity trading
• Capital markets advisory
• Equity research coverage

Headquarters

HQ city

Toronto

HQ country

Canada

HQ region

North America

Offices11 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Brokerage Commissions: Commission-based revenue from executing buy and sell orders for clients in equity securities. Revenue generated through standard commissions on trades and potentially trailer fees on mutual funds.
2. Investment Banking Fees: Underwriting and advisory fees from capital raising activities including IPOs, bought deals, private placements, and M&A advisory services. Sources indicate consistent involvement in financing transactions raising millions in gross proceeds.
3. Asset Management Fees: Fees from managing client portfolios and assets under management. The firm oversees more than $6 billion in client assets through discretionary portfolio management and advisory services.
4. Finder and Advisory Fees: Fees received for introducing investors to issuers, providing financial advisory services, and finder services on private placements and financings. Compensation includes cash fees, share purchase warrants, and corporate finance fees.
5. Interest and Spread Income: Interest spreads on uninvested cash deposits and foreign exchange spreads when clients convert currencies. Revenue generated from the firm's role as a financial intermediary.

Pricing tiers

Go-to-market motion3 records

Distribution channels5 records

Marketing channels6 records

Core offering

Research Capital Corporation is a full-service Canadian investment dealer providing Private Client Services (portfolio management and investment advisory), Investment Banking (capital raising, M&A advisory, public offerings, and bought deals), Venture Investment Banking (early-stage company funding and IPO support), Institutional Sales & Trading, Equity Research covering 100+ growth companies, and Fixed Income products. The firm manages over $6 billion in client assets and has raised over $6 billion in gross proceeds for companies over the last five years.

Product overview

Research Capital Corporation is Canada's leading independent investment firm offering a comprehensive suite of financial services through an integrated platform architecture. The core offerings include Private Client Services (portfolio management and investment advisory managing over $6 billion in AUM), Investment Banking (capital raising, M&A advisory, equity financings having raised over $6 billion in gross proceeds over five years), Venture Investment Banking (early-stage company funding and IPO support), Institutional Sales & Trading, Equity Research (covering 100+ growth companies), Fixed Income products, and a Client Login Portal for client account access. The company operates with no proprietary products to sell, ensuring unbiased advice, and maintains memberships across all major Canadian exchanges and ATS marketplaces.

Differentiator

Problem solved

Functional benefit

Products and services

• Private Client Services Wealth management services for individual investors including discretionary portfolio management, investment advisory, wealth planning, retirement planning, estate planning, fixed income products, and insurance products. Manages AUM exceeding $6 billion from clients across Canada.
• Investment Banking (Corporate Finance and Advisory) Strategic financial solutions for corporate growth including capital raising (IPOs, public offerings, bought deals, private placements, at-the-market programs), M&A advisory, corporate finance, and capital markets advisory. Over $6 billion raised in gross proceeds over the last five years.
• Venture Investment Banking Funding and guidance for early-stage companies, including assistance with accessing public equity markets and completing IPOs for Capital Pool Companies starting from financings as little as $300,000. Supports venture-stage companies through their listing journey on TSX Venture Exchange and other Canadian marketplaces.
• Institutional Sales & Trading Equity sales and trading services for institutional investors covering small-to-mid cap markets in Canada, US, continental Europe, and Asia. Operates on an agency model with no proprietary trading or prime brokerage, ensuring no conflicts with clients. Provides execution via Smart Order Router for best execution.
• Equity Research In-depth market analysis and insights covering over 100 growth companies across sectors including mining, energy, green technologies, telecom, and agricultural products. Research distributed via Reuters, Bloomberg, FactSet, and Capital IQ. Includes morning comments, company reports, industry reviews, and breaking news.
• Fixed Income Portfolio diversification with stable, income-generating securities including government bonds, provincial bonds, corporate bonds, coupons, annuities, baskets of fixed-income securities, and structured products.

Quantifiable outcome

• Over $6 billion in gross proceeds raised for companies over the last five years
• +3 more outcomes

Named customers10 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Eleven partnerships are on record, tiered core and minor.

• Toronto Stock ExchangecoreOthersResearch Capital is a participating organization and member of the Toronto Stock Exchange, enabling trading of TSX-listed securities.
• TSX Venture ExchangecoreOthersMember of TSX Venture Exchange for trading and distribution of junior capital market securities.
• Canadian Securities Exchange (CSE)coreOthersMember of the Canadian Securities Exchange for trading alternative marketplace securities.
• Montreal ExchangecoreOthersMember of Montreal Exchange for derivatives trading capabilities.
• Canadian Investment Regulatory Organization (CIRO)coreOthersRegulated by CIRO (formerly IIROC) ensuring compliance with Canadian securities regulations and investor protection standards.
• Canadian Investor Protection Fund (CIPF)coreOthersMember of CIPF providing investor protection coverage for client assets held at Research Capital.
• FINRAcoreOthersResearch Capital USA Inc. is a member of FINRA providing brokerage services to US investors with regulatory oversight.
• SIPCcoreOthersSecurities Investor Protection Corporation membership providing protection for US client securities accounts.
• Responsible Investment AssociationminorOthersResearch Capital has advisors who are members of the Responsible Investment Association, supporting SRI investing practices.
• BloombergminorOthersResearch reports distributed via Bloomberg alongside other platforms including Reuters, FactSet, and Capital IQ.
• TSX Alpha ExchangecoreOthersMember of TSX Alpha Exchange for alternative trading system participation.

Scale indicators7 records

Recent moves12 records

Expansion highlights6 records

Direct peers

• Cormark Securities: Canadian independent investment dealer specializing in institutional equities, research, and investment banking for small-to-mid cap growth companies. Directly comparable to Research Capital's institutional sales & trading and small-cap IB franchise, with similar agency-model positioning.
• Canaccord Genuity Group: Canadian-headquartered global investment dealer with private client wealth management and capital markets divisions serving growth and mid-market companies. Direct competitor to Research Capital in small-cap and mid-cap Canadian equity capital markets and wealth management, though larger and publicly listed.
• Haywood Securities: Canadian independent full-service investment dealer with wealth management, institutional sales and trading, and investment banking focused on the resource and small-cap sectors. Closely comparable to Research Capital in target clients (junior mining, energy, growth companies) and boutique-but-full-service model.
• PI Financial Corporation: Canadian independent full-service investment dealer offering wealth management, institutional, and investment banking services with strong small-cap and resource-sector focus. Directly comparable to Research Capital in target market and service mix; former CEO J-P Bachellerie joined Research Capital in 2025.
• Echelon Wealth Partners: Canadian independent investment dealer providing wealth management, institutional, and corporate finance services to growth companies and HNW clients. Directly comparable to Research Capital in boutique full-service positioning and small-cap advisory focus.
• Stifel Canada (formerly GMP Capital): Canadian arm of Stifel Financial, providing investment banking, institutional sales and trading, and research services with concentration in mining and energy. Comparable to Research Capital in resource-sector small-cap coverage, though owned by a US parent.

Broad incumbents

• RBC Capital Markets: Investment banking arm of Royal Bank of Canada, offering full-service capital markets, equity research, and wealth management. Overlaps with Research Capital's investment banking and wealth management businesses but at vastly larger scale and as part of a major Canadian bank.
• National Bank Financial Markets: Capital markets arm of National Bank of Canada providing investment banking, equities, fixed income, and research services with strong mid-market and resource-sector franchise. Broad incumbent that competes with Research Capital in mid-market Canadian capital raising.
• TD Securities: Investment banking and capital markets division of TD Bank Group, serving corporate, institutional, and government clients. A broad incumbent competing with Research Capital in mid-market Canadian equity capital markets and M&A advisory.
• Desjardins Capital Markets: Wholesale capital markets arm of Desjardins Group, offering investment banking, institutional research, and sales/trading with Quebec-anchored distribution. A broad incumbent competing with Research Capital in mid-market Canadian equity advisory and Quebec institutional flow.

Market position

Strengths5 records

Weaknesses3 records

Competitive moat6 records

Key risks4 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/research-capital-corporation

Compliance5 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Subsidiaries5 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments14 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Research Capital Corporation