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The RBC Wealth Management Generalist Program
RBC Wealth Management directly serves affluent and high net worth clients in Canada, the United States, Latin
America, Europe and Asia, and provides asset management and trust products and services directly and through RBC
partners and third-party distributors. RBC Wealth Management has nearly C$500 billion of assets under
administration, more than C$240 billion of assets under management and more than 4,000 financial consultants,
advisors, private bankers and trust officers. RBC Wealth Management Generalists will have the opportunity to
experience a variety of rotations throughout the different RBC Wealth Management businesses including:
- Global Asset Management – Global Asset Management comprises
RBC Asset Management Inc. (RBC AM), Phillips, Hager & North Investment Management Ltd. (PH&N) in Canada and
Voyageur Asset Management Inc. in the U.S. Combined, RBC AM and PH&N have C$111 billion in IFIC-reported mutual
fund assets under management and an additional C$56 billion in other institutional and private client assets
under management. RBC AM and PH&N received the Lipper Awards for "Best Overall Fund Group" and "Best Bond
Family" in Canada respectively for the second consecutive year in 2008.
- RBC Dominion Securities – Canada’s largest full-services investment
advisory firm with over C$152 billion in asset under administration and 1,400 investment advisors and portfolio
managers. A number of wealth management services are provided to the Investment Advisory network including
equity & fixed income portfolio advice, financial advisory solutions, and fee-based investment solutions sales
& product management.
- RBC International Wealth Management – Provides high net worth clients
with a full range of private banking and credit, international trust services, discretionary investment
management, etc. With over 2,300 employees and 36 offices spread across 22 countries, the division is one of
the top 20 global private banks in the world and the #1 provider of international trust services in the United
Kingdom.
- RBC Phillips, Hager & North Investment Counsel™ -
RBC Phillips, Hager & North Investment Counsel™ focuses exclusively on client portfolios in excess of $1 million and provides the full
range of wealth management services including estate planning, trusts, tax minimization, and other investment
and planning solutions.
Where do the wealth management businesses fit into the RBC Financial Group?
Trademark of Royal Bank of Canada, used under licence.
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