The relationship will bolster Wealth Management Canada advisors’ efforts to provide clients with the information from, and access to, subject matter experts that go beyond traditional investment management.
TORONTO, September 10, 2024 — RBC Wealth Management is pleased to announce its strategic relationship with Cleveland Clinic Canada. Cleveland Clinic is a world-renowned medical institution and a nonprofit academic medical centre that has provided high-quality patient care for over a century.
RBC Wealth Management advisors take a more than money approach to client services, which often includes consideration for both the financial and non-financial wellbeing of clients. Over the past decade, many clients have benefitted from wealth management services, which demonstrates care for clients in a number of ways such as discussing estate planning, business owner planning, Trusted Contact Person, and financial literacy for the next generation. While achieving and maintaining wealth is important to our clients, maintaining their health is also a priority. The ongoing relationship with Cleveland Clinic Canada will make it easier for RBC Wealth Management clients to access trusted health information and services, to help them age well.
“As Canada’s leading wealth management firm, we are very focused on helping our clients with planning for their future,” says Mike Scott, Senior Vice President and Managing Director, RBC Wealth Management Canada “so offering options for healthcare is a natural progression and a way to provide value beyond just traditional investment management.”
In Canada, Cleveland Clinic Canada operates two outpatient locations in Toronto and provides virtual care to patients across Canada and globally. With this expanded relationship, both RBC Dominion Securities advisors and RBC PH&N Investment Counsel counsellors can introduce clients to experience Cleveland Clinic Canada’s comprehensive suite of healthcare services. RBC already has a long history of working with Cleveland Clinic Canada, as RBC’s current Chief Medical Director, Dr. Khalil Sivjee, is also the Medical Director for Cleveland Clinic Canada.
“Cleveland Clinic has been at the forefront of modern medicine since 1921 and is committed to supporting the health and well-being of the communities we serve,” said Michael Kessel, the President and CEO of Cleveland Clinic Canada. “Access to trusted and timely health information and resources is essential to maintaining good health, and we are honoured to support RBC and their clients in this way.”
“The strategic relationship between RBC Wealth Management and Cleveland Clinic Canada is a demonstration of our continued focus on both the health and wealth of our clients, by bringing together both subject matter experts and service options,” says Leanne Kaufman, Chief Executive Officer at RBC Royal Trust. “This relationship builds on the existing partnerships we have with organizations that raise awareness and understanding of the concrete steps Canadians can take to experience independence and control over their future, such as Elder Caring Inc., Women’s Age Lab @ Women’s College Hospital, Women’s Brain Health Initiative and the National Institute on Ageing.”
RBC Wealth Management directly serves affluent, high net worth and ultra-high net worth clients globally with a full suite of banking, investment, trust and other wealth management solutions, from our key operational hubs in Canada, the United States, the British Isles, and Asia. The business also provides asset management products and services directly and through RBC and third-party distributors to institutional and individual clients, through its RBC Global Asset Management business (which includes BlueBay Asset Management). It also includes our Investor Services business. RBC Wealth Management has over C$4.2 trillion of assets under administration, over C$1.2 trillion of assets under management and more than 6,000 financial consultants, advisors, private bankers, and trust officers. For more information, please visit www.rbcwealthmanagement.com.
Nathaniel WallaceSenior Manager, Corporate Communicationsnathaniel.wallace@rbc.com(437) 553-7680