When you choose us as your wealth management partner, you benefit from the financial stability and strength of Canada's largest financial institution.1
Meet our leadership team
As an industry leader with deep resources, proactive risk management and a focus on community, RBC continues to evolve, grow and set new standards. Our heritage of integrity and unwavering client dedication continues to guide our progress.
Our core strength is our people and the relationships they build with our clients.
At RBC Wealth Management, you’ll enjoy personal service and customized solutions—supported by a vast network of professionals.
The success of our clients motivates us and fuels our innovation. We’re honoured to be recognized for our efforts.
1 Based on market capitalization as of April 30, 2021.
Our history – from 1901 to today
A bond-focused startIn 1901, Dominion Securities Corporation Limited was established in Toronto. Early business focused on underwriting and distributing government and municipal bonds—and began to expand leading up to the First World War.
1929 to 1937
1929 – forming the RBC Art CollectionToday, parts of the collection are housed in RBC Wealth Management offices in Canada, the U.S. and the British Isles.
1937 – a new department
A new stock trading department completed Dominion Securities' investment capabilities.
1947 – an important sponsorship
Royal Bank first sponsored the Canadian Olympic Association. This would become the longest Olympic sponsorship in Canadian history.1950 – national presence
By the 1950s, Dominion Securities branches were operating in all the principal Canadian cities.1961 – an innovative first
Royal Bank was the first Canadian bank to install a computer, an IBM 1401. Used for accounting, it occupied an entire room.At RBC Wealth Management, we continue to innovate and develop digital tools to help our clients and advisors.
1964 to 1967
1964 – we’ll be together laterPhillips, Hager & North Investment Management Ltd. incorporated.
1967 – another banking first
Royal Bank made the first Canadian banking transaction by computer: a deposit.
1979 – yet another first
Royal Bank established an Equal Employment Opportunity program, the first of its kind for a Canadian bank.1984 – growth
Dominion Securities grew through strategic acquisitions, including merging with Pitfield, Mackay, Ross Limited to create Dominion Securities Pitfield.1989 – further growth
Dominion Securities continued to grow through strategic acquisitions, including Pemberton Houston Willoughby Investment Corporation.Royal Trustco Investment Counsel Inc. incorporated.
1990 to 1991
1990 – we’ll be together laterRoyal Trust Corporation of Canada incorporated.
1991 – a securities first
Royal Bank becomes the first Canadian bank to receive regulatory approval to underwrite corporate securities in the U.S. through its subsidiary, Dominion Securities.
1993 to 1995
1993 – growthRBC acquired Royal Trust.
1995 – a new name
Royal Trustco Investment Counsel Inc. changed its name to RT Investment Counsel Inc.
1996 to 1999
1996 – part of RBCDominion Securities acquired Richardson Greenshields of Canada Ltd. RBC Royal Bank obtained 100% ownership of RBC Dominion Securities Inc.
1999 – RBC Private Counsel forms
Connor Clark, Global Private Banking Canada and RT Investment Counsel Inc. formed RBC Private Counsel Inc.
2007 – RBC Wealth Management Services established
Formation of Wealth Management Services, a team of leading professionals, including accountants and lawyers, dedicated to serving the wealth management needs of clients.2008 – a successful combination
Phillips, Hager & North’s Discretionary Private Client business and RBC Private Counsel Inc. combined to form RBC Phillips, Hager & North Investment Counsel, one of Canada’s largest private client investment counselling businesses.2015 – expansion to the U.S.
RBC expanded its footprint in private and commercial banking and wealth management in the U.S., with its $5 billion acquisition of L.A.-based City National Bank.Today – helping clients thrive and communities prosper
We serve the wealth management needs of more than 400,000 clients in Canada with client assets exceeding C$1.3 trillion.Gain peace of mind with a personalized approach to investment management and wealth planning that includes your retirement, your lifestyle and your legacy.
Realize your financial goals with disciplined investment counsel and wealth planning services tailored to your unique needs.
Enjoy a personalized, award-winning private banking experience, including cash management and credit solutions, and access to our breadth of wealth planning services.
Protect and preserve your wealth today and for future generations with tailored estate, trust and incapacity solutions for you, your family and your business.
Resourceful
Generations of Canadians have relied on our in-depth knowledge and experience to help achieve their goals. Our customized approach includes top-tier investment insights, proactive solutions and dedicated support from Canada's largest wealth management services team.
As an RBC Wealth Management client, you have access to a network of experienced legal, tax, insurance and accounting professionals who bring their expertise to your unique needs.
Every step of the way, we help you make informed decisions based on your needs, our insights and our analysis of factors and trends.
Thoughtful
At RBC Wealth Management, we know that wealth means much more than finances. It includes a sense of well-being, belonging and prosperity in the communities where we live and work.
Everything we do has an impact—from partnering with charitable organizations and sponsoring causes to the exceptional volunteering efforts of our employees.
We look for opportunities to invest our time, talent and resources to empower communities and drive positive change.