Research Capital Corporation
- Company typePrivate
- Founded1921
- HeadquartersToronto, Canada
- Headcount251–500
- GTM typeB2B and B2C
- OfferingServices
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
- 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)
- 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
Where Research Capital Corporation is headquartered
LocationHeadquarters
- HQ city
- Toronto
- HQ country
- Canada
- HQ region
- North America
Offices11 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
Revenue model
- 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.
- 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.
- 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.
- 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.
- 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
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Pay-as-you-go | Commission-based pricing |
| Subscription | Monthly | Discretionary Portfolio Management |
| Hybrid | Monthly | Investment Advisory Services |
Go-to-market motion3 records
Distribution channels5 records
Marketing channels6 records
Research Capital Corporation product offering
Product offeringCore 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
Companies that use Research Capital Corporation
Customer profileNamed customers10 records
Segments4 records
Ideal customer profiles3 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
Feature3 records
Research Capital Corporation partnerships and signals
Strategic signalPartnerships
Eleven partnerships are on record, tiered core and minor.
- Toronto Stock ExchangecoreResearch Capital is a participating organization and member of the Toronto Stock Exchange, enabling trading of TSX-listed securities.
- TSX Venture ExchangecoreMember of TSX Venture Exchange for trading and distribution of junior capital market securities.
- Canadian Securities Exchange (CSE)coreMember of the Canadian Securities Exchange for trading alternative marketplace securities.
- Montreal ExchangecoreMember of Montreal Exchange for derivatives trading capabilities.
- Canadian Investment Regulatory Organization (CIRO)coreRegulated by CIRO (formerly IIROC) ensuring compliance with Canadian securities regulations and investor protection standards.
- Canadian Investor Protection Fund (CIPF)coreMember of CIPF providing investor protection coverage for client assets held at Research Capital.
- FINRAcoreResearch Capital USA Inc. is a member of FINRA providing brokerage services to US investors with regulatory oversight.
- SIPCcoreSecurities Investor Protection Corporation membership providing protection for US client securities accounts.
- Responsible Investment AssociationminorResearch Capital has advisors who are members of the Responsible Investment Association, supporting SRI investing practices.
- BloombergminorResearch reports distributed via Bloomberg alongside other platforms including Reuters, FactSet, and Capital IQ.
- TSX Alpha ExchangecoreMember of TSX Alpha Exchange for alternative trading system participation.
Scale indicators7 records
Recent moves12 records
Expansion highlights6 records
Research Capital Corporation competitors and assessment
Company assessmentDirect 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
Research Capital Corporation social profiles
Digital presenceResearch Capital Corporation compliance and trust
Trust signalCompliance5 records
Research Capital Corporation financial estimates
Financial estimateRevenue estimate
Valuation estimate
Research Capital Corporation leadership team
Management profileNumber of profiles
Profiles9 records
Research Capital Corporation subsidiaries and ownership
Company hierarchySubsidiaries5 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
Investments14 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 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.
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.
How does Research Capital Corporation make money?
Five revenue lines are on record. Brokerage Commissions are the primary driver. The others are investment Banking Fees, asset Management Fees, finder and Advisory Fees and interest and Spread Income.
Who are Research Capital Corporation's main competitors?
Direct peers on record are Cormark Securities, Canaccord Genuity Group, Haywood Securities, PI Financial Corporation, Echelon Wealth Partners and Stifel Canada (formerly GMP Capital). Broad incumbents are RBC Capital Markets, National Bank Financial Markets, TD Securities and Desjardins Capital Markets.
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 BPAHADAB, Corporate Finance & Capital Advisory, with a secondary code of BPAHADAG, Capital Raising Advisory (Debt/Equity/Private Capital). Its NAICS code is 523940 and its SIC code is 6282.