TE
Timothy G. Ernste
RBC CAPITAL MARKETS
Rochester, MN 55901-5024
Some features on this profile are disabled
CRD#: 5146004
TE
Professional summary
Timothy Gerald Ernste, who also goes by Tim Ernste, is a registered financial advisor currently at RBC CAPITAL MARKETS, LLC located in Rochester, Minnesota.
Timothy is registered as an IAR (Investment Advisor Representative) and RR (Registered Representative) and started their career in finance in 2006. Timothy has worked at 6 firms and has passed the Series 66, SIE and Series 7 exams.
Question & Answer
Are you a "fiduciary"?
Yes
Aliases
Tim Ernste
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) Rental Real Estate - Oronoco, MN
Position/Title: Proprietor/Owner
Investment Related:No
Start Date: 06/01/2009
Hours per month devoted to this business: 0.25
Hours per month devoted to this business during trading hours: 0
Description of duties: Own home, collect rent from one family tennent. Pay taxes and insurance and upkeep to home for living.
2) SELF FARMING; ADDRESS: PERSONAL RESIDENCE; NOT INVESTMENT RELATED; BUSINESS DESCRIPTION: RENTING FARMLAND FOR CROPS; CAPACITY: OWNER-ACTIVE; START DATE: 4/1/2014; DUTIES: SIGN RENTAL CONTRACT WITH TENANT AND DEPOSIT SEMI ANNUAL RENT PAYMENTS AT BANK. PAY PROPERTY TAX BILL; HOURS DEVOTED PER MONTH: 0; HOURS DEVOTED DURING SECURITIES HOURS PER MONTH: 0.
3) BLUFF COUNTRY FARMS LLC;
ADDRESS: 429 THOMAS DRIVE EAGLE LAKE, MN 56024;
NOT INVESTMENT RELATED;
BUSINESS DESCRIPTION: HUNTING LAND AND HAS BEEN LOGGED FOR INCOME;
CAPACITY: OWNER/ACTIVE;
START DATE: 08/01/2008;
DUTIES: I AM CO-OWNER AND HELP IN SELECTING INVESTMENTS WITH OUR FUNDS HELD IN BROKERAGE ACCOUNT;
HOURS DEVOTED PER MONTH: 00;
HOURS DEVOTED DURING SECURITIES HOURS PER MONTH: 00;
4) Name: Trinity Lutheran Church
Address: 222 6th Ave SW Rochester, MN 55902
Business Description: Religious Organization
Business is not investment related
Projected Start Date: 08/01/20
Capacity: Committee/Council Member (not associated with the Board of Directors)
Duties Performed: On a committee to help guide the church elders and board of directors with ideas on cash flow needs and patterns for the church in these uncertain times.
Devoted to this OBA per Month: 0.25
Hours Devoted to this OBA during business hours: 0
5) Name: Rochester Central Lutheran School
Address: 2619 9th Ave NW Rochester, MN 55901
Business Description: Primary Education Pre K - 8th Grade
Business is not investment related
Projected Start Date: 08/01/20
Capacity: Board of Directors *
Duties Performed: Help guide school through budgeting and fiscal decision making processes. Part of the board that approves decisions for school.
Devoted to this OBA per Month: 0.25
Hours Devoted to this OBA during business hours: 0
CRS (Client Relationship Summary) - RIA
Click below to view Timothy Gerald Ernste's CRS (Customer Relationship Summary).
CRS (Client Relationship Summary) - BD
Click below to view Timothy Gerald Ernste'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®
NoneExperience
Current
August 27, 2018 - Present
RBC CAPITAL MARKETS, LLC
Office #1: 2064 Superior Dr. Nw, Rochester, MN 55901-5024RIA
BD
CRD#: 31194
Rochester, MN
Current
August 27, 2018 - Present
RBC CAPITAL MARKETS, LLC
Office #1: 2064 Superior Dr. Nw, Rochester, MN 55901-5024RIA
BD
CRD#: 31194
Rochester, MN
Past
January 27, 2015 - August 2, 2018
RAYMOND JAMES FINANCIAL SERVICES ADVISORS, INC
RIA
CRD#: 149018
ROCHESTER, MN
Past
January 26, 2015 - August 2, 2018
RAYMOND JAMES FINANCIAL SERVICES, INC.
BD
CRD#: 6694
AUSTIN, MN
Past
February 15, 2013 - January 27, 2015
LPL FINANCIAL LLC
RIA
CRD#: 6413
ROCHESTER, MN
Past
February 14, 2013 - January 27, 2015
LPL FINANCIAL LLC
BD
CRD#: 6413
ROCHESTER, MN
Past
January 3, 2011 - February 14, 2013
WELLS FARGO CLEARING SERVICES, LLC
RIA
CRD#: 19616
ROCHESTER, MN
Past
January 3, 2011 - February 14, 2013
WELLS FARGO CLEARING SERVICES, LLC
BD
CRD#: 19616
ROCHESTER, MN
Past
July 31, 2006 - January 3, 2011
WELLS FARGO INVESTMENTS, LLC
RIA
CRD#: 10582
MANKATO, MN
Past
July 7, 2006 - January 3, 2011
WELLS FARGO INVESTMENTS, LLC
BD
CRD#: 10582
MANKATO, 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.
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
Alabama(4/22/2020)
RR
Arizona(8/27/2018)
RR
California(4/22/2020)
RR
Colorado(10/9/2019)
RR
Florida(4/22/2020)
RR
Idaho(7/22/2022)
RR
Illinois(4/22/2020)
RR
Iowa(4/22/2020)
RR
Kansas(4/22/2020)
RR
Kentucky(4/22/2020)
RR
Massachusetts(4/22/2020)
RR
Minnesota(8/27/2018)
IAR
Minnesota(8/27/2018)
RR
Mississippi(4/22/2020)
RR
Nevada(9/12/2022)
RR
New York(12/22/2023)
RR
North Carolina(8/28/2018)
RR
North Dakota(4/22/2020)
RR
Oregon(4/22/2020)
RR
South Dakota(10/27/2021)
RR
Tennessee(5/20/2025)
RR
Texas(4/22/2020)
IAR
Texas(4/23/2020)
RR
Washington(4/22/2020)
RR
Wisconsin(8/27/2018)
RR
Wyoming(6/30/2021)
Exams
State Security Law 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.
Company Information
RBC CAPITAL MARKETS, LLC
CRD#: 31194Rochester, MN 55901-5024TRUST BUT VERIFY
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