Richard S. Hegge
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CRD#: 2506014
Professional summary
Being a previously registered professional could mean that this person is no longer operating under the supervision of the SEC or FINRA.
That means that the Securities and Exchange Commission may not be able to oversee the services that this specific professional is providing.
Richard Selmer Hegge, who also goes by Richard Hegge, was a registered financial professional .
Richard is a previously registered financial professional and started their career in finance in 1994. Richard had worked at 3 firms and has passed the Series 65, Series 63, SIE, Series 31 and Series 7 exams.
Question & Answer
What are your service offerings?
Financial planning
Institutional consulting
Insurance
Trust & estate planning
Trading individual securities
Loans/credit services
Philanthropic services
Retirement planning
What is your current number of clients?
Greater than 100
What is your minimum asset requirement?
1M
Are you a "fiduciary"?
No
Aliases
Richard Hegge
Other business activities
Outside business activity is any business or activity undertaken by an advisor that is outside the scope of their relationship with their firm (e.g., consulting services, real estate, freelance work, teaching, etc.). Investors should stay informed about these activities to ensure no conflicts of interest.
(1) FOUNTAIN HILLS INVESTMENT LLC; ADDRESS: EMPLOYEE'S RESIDENCE; BUSINESS DESCRIPTION: REAL ESTATE INVESTMENTS; NOT INVESTMENT RELATED; START DATE: 11/01/2011; CAPACITY: OWNER-ACTIVE; DUTIES: INVOLVED AS MEMBER OF LLC, PERIODIC MEETINGS; HOURS DEVOTED PER WEEK: 1; HOURS DEVOTED DURING SECURITIES HOURS PER WEEK: 0 (2) ENERGY TECHNOLOGY UNLIMITED OF MN LLC; ADDRESS: 13420 HASTINGS TRAIL ROSEMOUNT, MN; BUSINESS DESCRIPTION: RECYCLES ANTIFREEZE & OTHER PRODUCTS; NOT INVESTMENT RELATED; START DATE: 05/01/2011; CAPACITY: OWNER-ACTIVE/BOARD OF DIRECTORS; DUTIES: PERIODIC MEETINGS TO MAINTAIN PERFORMANCE AND APPROVE BUDGETS ETC.; HOURS DEVOTED PER WEEK: .75; HOURS DEVOTED DURING SECURITIES HOURS PER WEEK: .50 (3) CHES CANYON ROAD; ADDRESS: EMPLOYEE'S RESIDENCE; BUSINESS DESCRIPTION: FARMLAND INVESTMENT; NOT INVESTMENT RELATED; START DATE: 11/01/2011; CAPACITY: OWNER-ACTIVE; DUTIES: MEMBER OF LLC, INVOLVED IN DECISIONS RELATED TO FARMING VENTURE; HOURS DEVOTED PER WEEK: .50; HOURS DEVOTED DURING SECURITIES HOURS PER WEEK: 0 (4) Name of business: none-Farmland rental owned by myself Business Description: Farmland rental Whether the business is investment-related: no Address: 1357 Highpoint ct Hastings, MN 55033 Capacity: Owner - Active I own the farmland Start Date: 01/01/96 Duties: I own approximately 181 tillable acres of farmland and rent it to an area farmer for cash, negotiated annually. Hours devoted per month: 0.01 Hours devoted during securities hours per month: 0.02 (5) NAME OF ENTITY: Rental Property ADDRESS: 23850 via Italia Cir, unit 1102 Estero, Florida 34134 NOT INVESTMENT RELATED; BUSINESS DESCRIPTION: condo rental unit in Florida CAPACITY: Owner - Active START DATE: 05/20/2021 DUTIES: Manage Rental Property HOURS DEVOTED PER MONTH: 01 HOURS DEVOTED DURING SECURITIES HOURS PER MONTH: 01 6) NAME OF ENTITY: Richard Hegge Revocable Trust ADDRESS: INVESTMENT/NOT INVESTMENT RELATED: No BUSINESS DESCRIPTION: Farmland. CAPACITY: Owner - Active START DATE: 12/01/2023 DUTIES: I will own and manage the farmland. HOURS DEVOTED PER MONTH: 1 HOURS DEVOTED DURING SECURITIES HOURS PER MONTH: 1
CRS (Client Relationship Summary)
The CRS(Customer Relationship Summary) document is not provided.
Certified licenses
Advisors may have various certifications and credentials from different organizations. AdvisorCheck highlights these seven certifications - AIF®, CFP®, ChFC®, CFA, CLU®, CIMA®, CPWA®
NoneExperience
Past
September 26, 2008 - June 21, 2024
RBC CAPITAL MARKETS, LLC
RIA
CRD#: 31194
EDINA, MN
Past
September 26, 2008 - June 21, 2024
RBC CAPITAL MARKETS, LLC
BD
CRD#: 31194
EDINA, MN
Past
August 12, 2006 - October 3, 2008
UBS FINANCIAL SERVICES INC.
RIA
CRD#: 8174
ST PAUL, MN
Past
August 12, 2006 - October 3, 2008
UBS FINANCIAL SERVICES INC.
BD
CRD#: 8174
ST PAUL, MN
Past
November 1, 2004 - August 12, 2006
PIPER SANDLER & CO.
RIA
CRD#: 665
ST PAUL, MN
Past
July 22, 1994 - August 12, 2006
PIPER SANDLER & CO.
BD
CRD#: 665
ST PAUL, MN
Primary Firm SEC Registration
This SEC-registered firm can serve clients nationwide. Some states may require the firm to submit a notice filing if the firm has more than 5 clients or a physical office there. You can view these state-level filings under the section titled "State Registrations and Notice Filings".
RC
RBC CAPITAL MARKETS, LLC
DAIN RAUSCHER INC | REGIONAL OPERATIONS GROUP, INC. | RBC WEALTH MANAGEMENT | RBC DAIN RAUSCHER INC. | RBC DAIN RAUSCHER | RBC CORRESPONDENT SERVICES | RBC CLEARING AND CUSTODY | RBC CAPITAL MARKETS, LLC | RBC CAPITAL MARKETS CORPORATION | RBC ADVISOR SERVICES | INTERRA CLEARING SERVICES, INC. | DAIN RAUSCHER INCORPORATED
CRD#: 31194 / SEC#: 801-13059, 8-45411
RIA
Registered Investment Advisory firm - SEC (6/2/1977 Approved)BD
Broker-Dealer Firm Regulated by FINRA (New York district office)
State Registrations and Notice Filings
Listed states reflect where the advisor is authorized to serve clients under state regulations.
Visual representation of state registrations
This advisor is not registered in any state.
Exams
State Security Law Exam
State Security Law Exam
General Industry/Product Exam
General Industry/Product Exam
General Industry/Product Exam
Current Firm
RC
RBC CAPITAL MARKETS, LLC
DAIN RAUSCHER INC | REGIONAL OPERATIONS GROUP, INC. | RBC WEALTH MANAGEMENT | RBC DAIN RAUSCHER INC. | RBC DAIN RAUSCHER | RBC CORRESPONDENT SERVICES | RBC CLEARING AND CUSTODY | RBC CAPITAL MARKETS, LLC | RBC CAPITAL MARKETS CORPORATION | RBC ADVISOR SERVICES | INTERRA CLEARING SERVICES, INC. | DAIN RAUSCHER INCORPORATED
CRD#: 31194 / SEC#: 801-13059, 8-45411
RIA
Registered Investment Advisory firm - SEC (6/2/1977 Approved)BD
Broker-Dealer Firm Regulated by FINRA (New York district office)
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Contact information
Main Address
200 Vesey St., New York, NY 10281
Mailing Address
250 Nicollet Mall Suite 1600, Minneapolis, MN 55401
Phone number
(612) 371-2811
Established
Minnesota since 11/01/2010
Firm type
Limited Liability Company
Fiscal year end
October
Firm Size
Large
# of Employees
8,476
SEC notice filing (52 States and Territories)
FINRA licenses (53 States and Territories)
Documents
Direct owners and executive officers
| Name | Position | CRD# |
|---|---|---|
| RBC USA HOLDCO CORPORATION | DIRECT OWNER | |
| CARLESIMO, PAUL ADAM | CHIEF COMPLIANCE OFFICER, RBC CAPITAL MARKETS - U.S. | 4718504 |
| ESPENAK, KRISTEN ELIZABETH | CHIEF RISK OFFICER, USA | 5570750 |
| GIEGERICH, ROBERT ARTHUR | PRINCIPAL FINANCIAL OFFICER | 5736294 |
| GLASSMAN, DORJE TSERING | CO-HEAD OF U.S. CAPITAL MARKETS LAW GROUP | 6568226 |
| LISCHIN, MATTHEW CODY | CO-HEAD OF U.S. CAPITAL MARKETS LAW GROUP | 4974723 |
| O'CONNOR, SEAN WALTER | CHIEF COMPLIANCE OFFICER, RBC WEALTH MANAGEMENT - U.S. | 6578918 |
| PENN, JOHN CHRISTOPHER | GENERAL COUNSEL | 5135403 |
| SAGISSOR, THOMAS STEVEN | PRESIDENT OF RBC WEALTH MANAGEMENT | 2429425 |
| SCHREINER, CINDY LOUISE | US WEALTH MANAGEMENT PRINCIPAL OPERATIONS OFFICER | 1470050 |
| SPERDUTO, VITO ANTONIO | DIRECTOR, CEO OF U.S. CAPITAL MARKETS & CHAIRMAN OF THE BOARD | 2524961 |
| THORNE, BRETT LANE | PRESIDENT, RBC CLEARING & CUSTODY | 2523268 |
| THURLOW, JOHN J | CHIEF OPERATING OFFICER | 5726613 |
Regulatory assets under management
| Total Number of Accounts | 477,674 |
| AUM (Assets Under Management) | $ 259,962,335,074 |
Disclosures
| Regulatory Event | 364 |
| Civil Event | 3 |
| Arbitration | 114 |
| Bond | 7 |
Accountant surprise examination report
| Filing Date | Form ADV-E Cover | Form ADV-E Report |
|---|---|---|
| 10/28/2025 | ||
| 08/27/2024 | ||
| 09/14/2023 |
Red Flags
Disclosures can be potential red flags, including customer disputes, regulatory fines, employer terminations, bankruptcies, judgments, liens, or certain criminal activities.
Check for any disclosures as part of your thorough research when choosing an advisor.
Company Information
RBC CAPITAL MARKETS, LLC
Managing Director - Financial AdvisorCRD#: 31194TRUST BUT VERIFY
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Contact information
(xxx) xxx-xxxx
xxxxx@xxxx.xxx
