Melanie M. Folstad
RBC CAPITAL MARKETS
Chevy Chase, MD
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CRD#: 2562408
Professional summary
Melanie Mcumber Folstad, CFP®, who also goes by Melanie Beth Folstad, is a registered financial advisor currently at RBC CAPITAL MARKETS, LLC located in Chevy Chase, Maryland.
Melanie is registered as an IAR (Investment Advisor Representative) and RR (Registered Representative) and started their career in finance in 1994. Melanie has worked at 6 firms and has passed the Series 66, Series 63, SIE, Series 31, Series 7 and Series 6 exams.
Question & Answer
Are you a "fiduciary"?
Yes
Aliases
Melanie Beth Folstad
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) BETHESDA CHEVY CHASE CHAMBER OF COMMERCE; ADDRESS: 7910 WOODMONT AVE STE 1204 BETHESDA, MD 20814; BUSINESS DESCRIPTION: MEMBERSHIP ORGANIZATION; NOT INVESTMENT RELATED; START DATE: 09/01/2013; CAPACITY: OFFICER, BOARD OF DIRECTORS; DUTIES: ATTEND BOARD MEETINGS, PARTICIPATE IN EVENTS; HOURS DEVOTED PER WEEK: 1; HOURS DEVOTED DURING SECURITIES HOURS PER WEEK: 1 (2) COMMUNITY FOUNDATION OF MONTGOMERY COUNTY; ADDRESS: 8720 GEORGIA AVENUE SUITE 202, SILVER SPRING, MARYLAND 20910; NOT INVESTMENT RELATED; BUSINESS DESCRIPTION: COMMUNITY FOUNDATION; CAPACITY: COMMITTEE/COUNCIL MEMBER (NOT ASSOCIATED WITH THE BOARD OF DIRECTORS; START DATE: 05/01/2019; DUTIES: VICE CHAIR (2 YEARS) & CHAIR (2 YEARS) FOR ADVISORY COMMITTEE FOR LOCAL COMMUNITY FOUNDATION; HOURS DEVOTED PER MONTH: 01; HOURS DEVOTED DURING SECURITIES HOURS PER MONTH: 01; (3) Name of Business/Entity: In Home Rental Address: 4620 Hunt Avenue Chevy Chase MD 20815 Business is not Investment Related: Business Description: Rental Capacity: Other State Date: 08/01/2019 Duties: My husband and I own a home with an in-law suite. A friend will be staying in the suite and will pay us a monthly rent Hours Devoted per month: 1 Hour Hours Devoted during securities hours per month: 0 (4) NAME OF ENTITY: Greater Washington Community Foundation ADDRESS: 1325 G Street NW #480 Washington DC 20005 NOT INVESTMENT RELATED; BUSINESS DESCRIPTION: Non-Profit Organization CAPACITY: Board of Directors START DATE: 03/31/2021 DUTIES: Board member - reviewing programs and providing guidance organization's strategy HOURS DEVOTED PER MONTH: 02 HOURS DEVOTED DURING SECURITIES HOURS PER MONTH: 02 (5)NAME OF ENTITY: University of Maryland College of Education Board of Visitors; ADDRESS: University of Maryland Benjamin Bldg. 3942 Campus Drive College Park MD 20742; NOT INVESTMENT RELATED; BUSINESS DESCRIPTION: Board of Visitors; CAPACITY: Committee/Council Member (not associated with the Board of Directors); START DATE: 06/01/2021; DUTIES: Promote strategic goals of the college and raise awareness in the community; HOURS DEVOTED PER MONTH: 01; HOURS DEVOTED DURING SECURITIES HOURS PER MONTH: 01; 6) NAME OF ENTITY: St. John's Norwood Parish ADDRESS: 7601 Wisconsin Avenue Chevy Chase MD 20815 INVESTMENT/NOT INVESTMENT RELATED: No BUSINESS DESCRIPTION: Episcopal Church CAPACITY: Committee/Council Member (not associated with the Board of Directors) START DATE: 06/01/23 DUTIES reviewing and recommending social justice initiative of the congregation HOURS DEVOTED PER MONTH: 0.25 HOURS DEVOTED DURING SECURITIES HOURS PER MONTH: 0 7) NAME OF ENTITY: St John's Norwood Parish Investment Committee ADDRESS: 6701 Wisconsin Ave Chevy Chase MD 20815 INVESTMENT/NOT INVESTMENT RELATED: No BUSINESS DESCRIPTION: Episcopal Church. CAPACITY: Committee/Council Member (not associated with the Board of Directors) START DATE: 01/01/2024 DUTIES: Establish investment policy statement and monitor account in accordance to that statement. HOURS DEVOTED PER MONTH: 1 HOURS DEVOTED DURING SECURITIES HOURS PER MONTH: 1 8) NAME OF ENTITY: Catholic Charities ADDRESS: 924 G Street NW Washington DC 20001 INVESTMENT/NOT INVESTMENT RELATED: No BUSINESS DESCRIPTION: Social Service Organization START DATE: 02.01.24 CAPACITY: Other DUTIES: Assist low income families with income tax returns HOURS DEVOTED PER MONTH: 8 HOURS DEVOTED DURING SECURITIES HOURS PER MONTH: 0
CRS (Client Relationship Summary) - RIA
Click below to view Melanie Mcumber Folstad's CRS (Customer Relationship Summary).
CRS (Client Relationship Summary) - BD
Click below to view Melanie Mcumber Folstad's CRS (Customer Relationship Summary).
Certified licenses
Advisors may have various certifications and credentials from different organizations. AdvisorCheck highlights these seven certifications - AIF®, CFP®, ChFC®, CFA, CLU®, CIMA®, CPWA®
CFP®
Start date: 2010
Experience
Current
January 8, 2014 - Present
RBC CAPITAL MARKETS, LLC
Office #2: 5425 Wisconsin Avenue Suite 301, Chevy Chase, MD 20815-3552RIA
BD
CRD#: 31194
Chevy Chase, MD
Current
January 8, 2014 - Present
RBC CAPITAL MARKETS, LLC
Office #1: 5425 Wisconsin Avenue Suite 301, Chevy Chase, MD 20815-3552RIA
BD
CRD#: 31194
Chevy Chase, MD
Past
October 31, 2008 - January 9, 2014
MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED
RIA
CRD#: 7691
BETHESDA, MD
Past
October 31, 2008 - January 9, 2014
MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED
BD
CRD#: 7691
BETHESDA, MD
Past
April 27, 2007 - November 7, 2008
UBS FINANCIAL SERVICES INC.
RIA
CRD#: 8174
BETHESDA, MD
Past
April 27, 2007 - November 7, 2008
UBS FINANCIAL SERVICES INC.
BD
CRD#: 8174
BETHESDA, MD
Past
January 3, 2006 - April 2, 2007
TIAA-CREF INDIVIDUAL & INSTITUTIONAL SERVICES, LLC
RIA
CRD#: 20472
WASHINGTON, DC
Past
October 28, 2004 - April 2, 2007
TIAA-CREF INDIVIDUAL & INSTITUTIONAL SERVICES, LLC
BD
CRD#: 20472
WASHINGTON, DC
Past
March 26, 1998 - June 17, 2003
TIAA-CREF INDIVIDUAL & INSTITUTIONAL SERVICES, LLC
BD
CRD#: 20472
NEW YORK, NY
Past
December 1, 1994 - September 11, 1996
THE LINCOLN NATIONAL LIFE INSURANCE COMPANY
BD
CRD#: 2580
FORT WAYNE, IN
Past
December 1, 1994 - September 11, 1996
OSAIC FA, INC.
BD
CRD#: 3978
FORT WAYNE, IN
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.
IAR
means the advisor is registered as an Investment Advisor Representative in this state and is authorized to provide investment advice to clients there.RR
indicates the advisor is registered as a Registered Representative in this state, allowing them to offer securities such as stocks, bonds, and mutual funds through a broker-dealer.Visual representation of state registrations
RR
Alaska(6/3/2016)
RR
Arizona(10/6/2021)
RR
California(1/8/2014)
RR
Colorado(2/7/2017)
RR
Connecticut(11/3/2022)
RR
Delaware(1/8/2014)
RR
District of Columbia(1/8/2014)
IAR
District of Columbia(3/19/2018)
RR
Florida(1/8/2014)
RR
Georgia(10/1/2018)
RR
Idaho(6/16/2016)
RR
Illinois(3/11/2015)
RR
Indiana(8/25/2025)
RR
Kansas(1/4/2024)
RR
Kentucky(1/8/2014)
RR
Maine(2/6/2019)
RR
Maryland(1/8/2014)
IAR
Maryland(1/8/2014)
RR
Massachusetts(1/8/2014)
RR
Michigan(1/8/2014)
RR
Minnesota(1/8/2014)
RR
Missouri(9/7/2022)
RR
Montana(1/8/2014)
RR
Nevada(2/27/2025)
RR
New Jersey(10/15/2020)
RR
New Mexico(6/2/2015)
RR
New York(1/8/2014)
RR
North Carolina(8/4/2021)
RR
North Dakota(10/7/2019)
RR
Ohio(5/12/2014)
RR
Oklahoma(1/10/2019)
RR
Oregon(2/14/2020)
RR
Pennsylvania(6/23/2014)
RR
South Carolina(3/15/2023)
RR
Tennessee(7/21/2020)
RR
Texas(9/14/2022)
IAR
Texas(9/14/2022)
RR
Vermont(1/8/2014)
RR
Virginia(1/8/2014)
RR
Washington(1/8/2014)
RR
West Virginia(3/25/2014)
Exams
State Security Law Exam
State Security Law Exam
General Industry/Product Exam
General Industry/Product Exam
General Industry/Product Exam
General Industry/Product Exam
SRO Registrations
RR
BOX Exchange LLC
SRO Registrations
RR
Cboe BYX Exchange, Inc.
SRO Registrations
RR
Cboe BZX Exchange, Inc.
SRO Registrations
RR
Cboe C2 Exchange, Inc.
SRO Registrations
RR
Cboe EDGA Exchange, Inc.
SRO Registrations
RR
Cboe EDGX Exchange, Inc.
SRO Registrations
RR
Cboe Exchange, Inc.
SRO Registrations
RR
FINRA
SRO Registrations
RR
Investors' Exchange LLC
SRO Registrations
RR
Long-Term Stock Exchange, Inc.
SRO Registrations
RR
MEMX LLC
SRO Registrations
RR
MIAX PEARL, LLC
SRO Registrations
RR
NYSE American LLC
SRO Registrations
RR
NYSE Arca, Inc.
SRO Registrations
RR
NYSE National, Inc.
SRO Registrations
RR
NYSE Texas, Inc.
SRO Registrations
RR
Nasdaq BX, Inc.
SRO Registrations
RR
Nasdaq GEMX, LLC
SRO Registrations
RR
Nasdaq ISE, LLC
SRO Registrations
RR
Nasdaq PHLX LLC
SRO Registrations
RR
Nasdaq Stock Market
SRO Registrations
RR
New York Stock Exchange
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.
