No commissions, no ads, no advice. This City National Rochdale profile draws only on public records, each linked so you can confirm it yourself.

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The short answer: is City National Rochdale a fiduciary?

Yes. City National Rochdale is a fiduciary when it acts as your investment adviser, and with $73.0 billion in client assets it is among the larger SEC-registered investment advisers. One naming point comes first. The SEC record for CRD #117198 lists the registered entity's legal name as RBC ROCHDALE, LLC, and Schedule A of its Form ADV lists City National Rochdale Holdings, LLC as its owner. This profile uses the City National Rochdale name readers search for. On IAPD, the same firm appears as RBC Rochdale under CRD #117198. The filings we used don't say when or why the name changed, so treat the CRD number as the fixed identifier.

According to its latest Form ADV (filed September 10, 2026), the firm reported $73.0 billion in regulatory assets under management (a firm-reported figure). Everything that matters here is on the public record, and you can check it in a few minutes. Get started with Truthifi

Its Form ADV also reports that a related person is a broker-dealer (Item 7.A), and brokerage accounts fall under Regulation Best Interest instead. Ask which capacity covers each of your accounts. The firm must tell you.

What "fiduciary" means: a fiduciary is legally bound to place a client's interests above its own. (More on fiduciary duty)

City National Rochdale at a glance

✅ Verified from public filings, last checked October 5, 2026. City National Rochdale (SEC CRD #117198, legal name RBC ROCHDALE, LLC) is a fiduciary when acting as your adviser, on an advisory-fee basis, with $73.0 billion in regulatory assets under management. Every figure below links to its primary source.

What	City National Rochdale	Source
SEC CRD	#117198 (legal name RBC ROCHDALE, LLC)	IAPD
Registration	Investment adviser, with a related person that is a broker-dealer (Form ADV Item 7.A)	IAPD
Registered since	June 20, 1986 (SEC)	IAPD
Fiduciary?	Yes, when acting as your adviser	SEC adviser standard
Fee model	Advisory fees (no commissions reported in Item 5.E)	Form ADV Item 5.E
How it's paid	A percentage of assets under management and fixed fees	Form ADV Item 5.E
Regulatory assets under management	$73.0 billion (Form ADV filed September 10, 2026)	IAPD
Client accounts	42,770 (42,649 discretionary)	IAPD
Employees	269 (138 in advisory roles)	IAPD
Ownership	Parent-owned (City National Rochdale Holdings, LLC.)	Form ADV Schedule A
Disclosures	Form ADV answers Yes to one or more disciplinary questions. Read them on IAPD	IAPD
HQ	New York, NY	IAPD

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City National Rochdale fees: what you'll pay

The firm charges advisory fees: according to its Form ADV (Item 5.E), it reports no commissions for its advisory services and is paid through a percentage of assets under management and fixed fees. Its filing also reports broker-dealer, insurance or other sales activity by the firm or a related company, business that can be paid by commissions. Ask how each part of the relationship is paid. The details are in its Form ADV Part 2A.

Advisory fees are what clients pay the adviser directly. Commissions earned through a related broker-dealer or insurance business are a separate source of pay. Our guide to fee-only financial advisors explains how those models differ, and Are you paying too much? Why that might be the wrong question covers why the headline rate alone can mislead.

Our recommendation: if you're a client or close to signing, ask for two things in writing. First, the Part 2A fee schedule that applies at your asset level. Second, a list showing which of your accounts are advisory and which are brokerage. With a related broker-dealer in the picture, that split decides whether the fiduciary standard or Regulation Best Interest applies to each account.

Who owns City National Rochdale, and what conflicts does it disclose?

City National Rochdale is owned by City National Rochdale Holdings, LLC., as listed in Schedule A of its Form ADV. (Form ADV Schedule A) That owner's name is the clearest link in the filings between the City National Rochdale brand and the RBC ROCHDALE, LLC registration.

Its Form ADV Part 2A describes the firm's conflicts of interest, including how it and its advisers are paid.

City National Rochdale SEC record: disclosures

To check City National Rochdale's regulatory record, start with the firm's own filings. City National Rochdale's Form ADV answers Yes to one or more disciplinary-history questions. A disclosure can be a regulatory, civil or criminal matter involving the firm or a related person. Read each item in context on IAPD before drawing conclusions. Any City National Rochdale disclosures sit on the public record, not on anyone's characterization of them.

According to its IAPD record, it has been registered with the SEC since June 20, 1986, makes notice filings in 53 jurisdictions, and reports 269 employees, 138 of them in investment advisory roles. Is City National Rochdale legit? On registration alone, yes: CRD #117198 is an active SEC filer under the RBC ROCHDALE, LLC name, with decades of public filings. Registration shows it's a real, regulated adviser, not that it's the right fit for you.

Reading City National Rochdale reviews against the public record

Star ratings and client comments describe what working with a firm felt like. They usually don't show what the firm reports to regulators. Reviews of this firm also tend to reflect one kind of client: high-net-worth individuals make up 15,779 of the 17,054 clients it reports (about 92.5%) and hold roughly 68% of its $73.0 billion. Before you weigh City National Rochdale reviews, check three things this profile takes from the public record. First, how the firm is paid: it reports advisory fees and no commissions, but it has a broker-dealer or insurance connection. Second, who owns it and what conflicts it discloses. Third, whether its Form ADV reports any disciplinary history. Read reviews alongside the record, not instead of it.

How to verify City National Rochdale yourself

Here's how to confirm all of it in three steps:

1. Check the SEC adviser record (IAPD): https://adviserinfo.sec.gov/firm/summary/117198.
2. Read the filings (Form ADV / Form CRS): linked from the IAPD page.
3. Confirm the entity: the IAPD record for CRD #117198 carries the legal name RBC ROCHDALE, LLC, the registered firm behind the City National Rochdale name, so search by CRD rather than brand to be sure you're reading the right firm.

What City National Rochdale does and who it serves

On its Form ADV, City National Rochdale reports providing portfolio management for individuals and small businesses, portfolio management (investment companies), portfolio management (pooled vehicles), portfolio management for businesses and institutions, and selection of other advisers.

Its Form ADV (Item 5.D) breaks its clients down by type, about 17,054 in all:

Client type	Clients	Assets managed
Individuals	391	$153 million
High-net-worth individuals	15,779	$49.90 billion
Investment companies	6	$11.43 billion
Pension and profit-sharing plans	180	$956.6 million
Charities	122	$2.06 billion
State or municipal government entities	1	$573.3 million
Corporations or other businesses	575	$7.89 billion

It reports 42,770 client accounts, more than the roughly 17,054 clients counted above (many clients hold more than one account), 42,649 discretionary (the firm can trade without seeking your approval first) and 121 non-discretionary (Item 5.F). Its main office is in New York, NY.

It reports it does not itself take custody of client assets, though a related person does (Form ADV Item 9.B).

Put those numbers together and a pattern appears. About 99.7% of accounts are discretionary, and the average client holds roughly two and a half accounts. For most clients, then, trades happen without a prior sign-off, spread over several accounts, with assets held by a related person rather than an outside custodian. The sharper question for a client here isn't whether the firm is registered. It's whether you hold your own independent record of what each of those accounts owns and costs, so the firm's statements have something to be checked against.

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Great advice runs on the truth. Here's how to bring yours to the table.

Confirming City National Rochdale is registered takes a few minutes. Even a great advisor can only act on what reaches them. The held-away 401(k), a spouse's accounts and fund costs that never reach a statement usually arrive in pieces, none of it reconciled. This is where Truthifi comes in.

How Truthifi can help

Start with one step: run a free Monitoring Checkup at app.truthifi.com (limits apply). Truthifi links your accounts read-only and shows what you own, how it's allocated, how it's performing and where the risk sits. With several discretionary accounts at one firm, open the fee breakdown first: it shows the fees on each account, by type. Then check your single-stock exposure, returns next to a benchmark and your Truthifi Score. You can share the accounts you choose with your advisor at City National Rochdale.

Prefer your own AI? A paid Truthifi plan lets you connect an AI assistant that supports MCP sign-in, such as Claude. Truthifi Connect is the lighter membership for people who only want to use their own assistant. Questions about your fees need Monitoring or Monitoring Plus+. Our guide on how to ask AI about your real investment accounts walks through the setup. See how Truthifi keeps your accounts secure

Ask AI about your City National Rochdale accounts

Once your accounts are connected read-only, you can ask in plain English:

• "What do I own across my City National Rochdale accounts and everything else, and how is it allocated?"
• "What am I paying in fees on each of these accounts?"

Try it with Truthifi: start for free at app.truthifi.com and run a Monitoring Checkup (limits apply).

No commissions, no ads, no advice: Truthifi is not an investment adviser and doesn't give investment, tax or legal advice. Its access to your bank and brokerage accounts is read-only. Start free (limits apply). Monitoring Checkup is free and, per Truthifi platform data, links up to 10 connections. Plans and limits are on the pricing page → truthifi.com.

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FAQ

Is City National Rochdale a fiduciary? Yes, when acting as your adviser. Its Form ADV reports a related person that is a broker-dealer, and brokerage accounts fall under Regulation Best Interest instead. Ask which capacity covers each of your accounts.

Is City National Rochdale fee-only? Not necessarily. Its Form ADV (Item 5.E) reports no commissions for advisory services, but the filing also reports broker-dealer, insurance or other sales activity by the firm or a related company, which can be paid differently. Ask how everyone you deal with is paid. The details are in its Form ADV Part 2A.

Who owns City National Rochdale? City National Rochdale is owned by City National Rochdale Holdings, LLC., as listed in Schedule A of its Form ADV.

Does City National Rochdale have complaints or disclosures? Yes. Its Form ADV answers Yes to one or more disciplinary-history questions. Read each item on IAPD, in context. A disclosure is not by itself proof of current wrongdoing.

Is City National Rochdale legit? City National Rochdale is registered with the SEC (CRD #117198, legal name RBC ROCHDALE, LLC) and its filings are public on the SEC's IAPD site, which confirms it is a real, regulated firm. Registration doesn't tell you whether it's the right fit or what you'll pay, so read the fee and conflict sections of its Form ADV.

Can AI help me check whether I'm getting good value? Yes. Start free (limits apply): Monitoring Checkup is free and lets you link up to 10 connections. You can also connect an AI assistant you already use (such as Claude). On Monitoring or Monitoring Plus+ you can ask it, in plain English, about the fees on each of your accounts. Truthifi is not an investment adviser and doesn't give investment, tax or legal advice.

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About this profile

Truthifi built this profile from the firm's own SEC filings (Form ADV and, where filed, Form CRS). Every page is reviewed by the Truthifi Team before publishing. The Truthifi advisor fact packs are an ongoing series checking U.S. investment advisers against their public filings, one firm at a time.

Read next from the Truthifi blog

• What is a fiduciary?
• Fee-only financial advisor: costs and how to find one
• Are you paying too much? Why that might be the wrong question
• How to ask AI about your real investment accounts
• Robo-advisor vs. human financial advisor: which is better?
• All advisor fact packs on Truthifi

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A note on sources. The facts on this page come from publicly available documents, City National Rochdale's SEC filings, each linked inline so you can verify it yourself (SEC data current as of October 5, 2026). This is general information, not financial or legal advice, and Truthifi is not affiliated with City National Rochdale. Regulatory records change, so always confirm against the official sources linked above. Spot something that should be corrected? Email us at support@truthifi.com.