Is RBC Wealth Management part of RBC?
At RBC Wealth Management, you’ll enjoy personal service and customized solutions—supported by local teams and a global network of professionals. RBC Capital Markets, LLC, is a wholly owned subsidiary of, and separate legal entity from, Royal Bank of Canada (RBC).
How many financial advisors Does RBC Wealth Management have?
About RBC Wealth Management – U.S. RBC Wealth Management has $413 billion in total client assets with 2,000 financial advisors operating in 176 locations in 42 states.
Is RBC a fiduciary?
RBC Wealth Management Client Types and Account Minimums RBC Wealth Management’s client base also includes corporations and institutions. For these clients, RBC can provide retirement plans, corporate and executive services and fiduciary support through institutional consulting services.
How much do I need to invest with RBC Wealth Management?
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.
What does RBC Wealth Management Charge?
commission for equity transactions of less than 100 shares and/or share prices at or below $25 generally ranges from 4.00% to 5.00% of principal. RBC WM charges a minimum commission of $95 per transaction. Certain small sell transactions will result in a minimum commission below $95.
How much does an RBC wealth advisor make?
$57,544 per year
The typical RBC Financial Advisor salary is $57,544 per year. Financial Advisor salaries at RBC can range from $7,268 – $117,709 per year. This estimate is based upon 303 RBC Financial Advisor salary report(s) provided by employees or estimated based upon statistical methods.
Is RBC Wealth Management free?
Looking for an easier way to manage your money and save for the future? Try MyAdvisor, a free digital advice platform that’s available exclusively to RBC clients’. You’ll get a personalized savings plan, helpful tips, real-time visuals and forecasts to help you stay on top of your money and reach your goals.
How do RBC Wealth Management advisors get paid?
Many advisors are paid by commission for the products they recommend, while others receive a salary or a flat fee. Find out at the outset how your advisor is compensated, how much the services will cost, what choices you have to pay them, and what you can expect to receive in return.
How do RBC Wealth management advisors get paid?
What is the salary of financial advisor at RBC?
How many hours do wealth managers work?
Asset managers keep more reasonable hours. While a person’s exact working hours vary based on their employer, 40-to 50-hour weeks are pretty standard in the industry, with occasional Saturday work required but weekends off for the most part.