RBC Wealth Management is a division of RBC Capital Markets, LLC, which is a subsidiary of Royal Bank of Canada. The firm has $348 billion in U.S. private client assets under management. It has 1,800 financial advisors on staff and operates in 200 locations across 40 states.
Also, what are RBC Wealth Management fees?
RBC Enterprise Fund – RBC GAM receives an advisory fee equal to 1.00% of assets up to $30 million, and . 90% of assets over $30 million, plus a . 075% administrative services fee.
Thereof, what happened Dain Rauscher?
Dain Rauscher
| Type | Acquired |
|---|---|
| Fate | Acquired by Royal Bank of Canada |
| Headquarters | Minneapolis, Minnesota |
What does RBC in RBC Wealth Management stand for?
Important disclosure information about Royal Bank of Canada (RBC) and RBC Capital Markets, LLC.
How many advisors Does RBC Wealth Management have?
1,900 financial advisors
How are RBC Financial Advisors paid?
This group is generally remunerated through commission either on the sale of an investment or as part of the MER of a mutual fund. … The first is “traditional” in that if you buy a product (from RBC, for example) you pay a commission of some nature which goes to the adviser.
Is RBC a fiduciary?
Fiduciary investor services – RBC Wealth Management.
Is RBC an RIA?
RBC has launched a new wealth management technology platform for its registered investment advisor (RIA) and independent broker-dealer clients. This comes as the firm has taken other steps aimed at expanding its RIA custody channel.
Which bank has the best Wealth Management Canada?
RBC Wealth Management
Who owns Royal Bank of Canada?
Top 10 Owners of Royal Bank of Canada
| Stockholder | Stake | Total value ($) |
|---|---|---|
| RBC Global Asset Management, Inc. | 2.91% | 3,948,394,975 |
| The Vanguard Group, Inc. | 2.43% | 3,305,819,308 |
| Mackenzie Financial Corp. | 2.10% | 2,851,073,456 |
| FIL Investment Advisors (UK) Ltd. | 2.03% | 2,755,122,331 |
What do you know about wealth management?
Wealth management is an investment advisory service that combines other financial services to address the needs of affluent clients. A wealth management advisor is a high-level professional who manages an affluent client’s wealth holistically for one set fee.
Is RBC a good investment company?
RBC Wealth Management may be a good choice if you’re an investor who has multiple personal and business needs that align with RBC Wealth Management’s services and RBC’s banking offerings.
Is RBC in the United States?
RBC
| Trade name | RBC Bank |
|---|---|
| Area served | United States |
| Parent | Royal Bank of Canada |
| Website | www.rbcbank.com |