RBC Wealth Management (2024)

FAQs

RBC Wealth Management? ›

Our client profile

RBC Private Banking clients are typically business owners, entrepreneurs, wealthy families, corporate executives or other professionals with a minimum of $1 million in investable assets or an overall net worth of $3 million.

Our client profile

RBC Private Banking clients are typically business owners, entrepreneurs, wealthy families, corporate executives or other professionals with a minimum of $1 million in investable assets or an overall net worth of $3 million.

Investment and insurance products offered through RBC Wealth Management are not insured by the FDIC or any other federal government agency, are not deposits or other obligations of, or guaranteed by, a bank or any bank affiliate, and are subject to investment risks, including possible loss of the principal amount ...

RBC Wealth Management, a division of RBC Capital Markets, LLC, which is a wholly owned subsidiary of Royal Bank of Canada, serves wealth management clients and families throughout the United States.

We acknowledge that, when we provide investment advice to you regarding your retirement plan account or individual retirement account (“IRA”) that is held at RBC WM, we are fiduciaries within the meaning of Title I of ERISA and/or the Code, as applicable.

Any minimums in terms of investable assets, net worth or other metrics will be set by individual wealth managers and their firms. That said, a minimum of $2 million to $5 million in assets is the range where it makes sense to consider the services of a wealth management firm.

Early Access to RBC Private Banking: The standard RBC Private Banking requirement for eligible clients to have a net worth of $3 million or a minimum of $1 million in investable assets will be waived.

Our company has assets of more than $93.72 billion and is an FDIC member bank. City National is a subsidiary of Royal Bank of Canada (RBC), one of North America's leading diversified financial services companies. RBC has a strong capital position and strong capital ratios.

Stable. As an RBC Wealth Management client, you can benefit from the financial stability and strength of a truly global institution. Our firm is built on a heritage of integrity and unwavering client dedication.

Vault's Verdict. Widely considered to be the top investment bank in Canada, RBC Capital Markets is also a growing investment bank within the U.S. Ideally, the firm is looking for entry-level candidates who are highly intelligent, hardworking, team players, skilled problem solvers, and interested in finance.

Is RBC a good investment company? ›

Royal Bank's adjusted net income for the 2023 fiscal year reached $16.1 billion, slightly better than its 2022 results. This is despite the economic downturn and challenging conditions in the capital markets. Adjusted return on equity (ROE), meanwhile, dipped from 16.6% to 15.4%. RBC, however, remains profitable.

The average Financial Planner base salary at RBC is $70K per year. The average additional pay is $30K per year, which could include cash bonus, stock, commission, profit sharing or tips.

The top 5 are: 545 Group, Jones Zafari Group, The Polk Wealth Management Group, Hollenbaugh Rukeyser Safro Williams, The Erdmann Group.

There isn't a hard-and-fast rule for how much money you “need” to get started with wealth management, but generally speaking, this is most beneficial for people with a net worth of $250,000 or more. It's also strongly recommended for business owners.

RBC Dominion Securities

You and/or your family, business or organization have $250,000 or more in investable assets.

No-load funds with low investment minimums (typically $500 per fund).

Goldman Sachs Client Types and Minimum Account Sizes

The firm typically requires clients to invest at least $10 million to open a private wealth management account. A program account requires a minimum balance of $100,000, while a minimum fixed income strategy has a minimum account value of $250,000.