Your values, needs and goals are unique. We take the time to understand them so we can create a strategic wealth plan that reflects what’s important to you.
At RBC Wealth Management, we’re the firm you can depend on to help you achieve your financial goals. Your aspirations may involve your family, your business or the legacy you want to leave. We can help you navigate opportunities, changes and challenges as they happen—from generation to generation.
When you choose us as your wealth management firm, you benefit from the financial stability and strength of a truly global institution.1
The success of our clients motivates us and fuels our innovation. We’re honored to be recognized for our efforts.
Awards and recognition
As an industry leader with deep resources, proactive risk management and a focus on sustainability, we continue to evolve, grow and set new standards. For more than a century, our integrity and unwavering client dedication continue to guide our progress.
We have a reputation for putting the interests of clients ahead of our own, and a passion for helping transform the lives of the people we serve.At RBC Wealth Management, you’ll enjoy personal service and customized solutions—supported by local teams and a global network of professionals.
1 RBC Capital Markets, LLC, is a wholly owned subsidiary of, and separate legal entity from, Royal Bank of Canada (RBC). RBC does not guarantee any debts or obligations of RBC Capital Markets, LLC. We believe RBC’s assets under administration and market capitalization reflect the company’s fiscal stewardship; however, these business metrics do not affect the performance or implied protection of investments held in accounts at RBC Wealth Management.
The very beginningIn 1909, Oscar Kalman—an enterprising and insightful individual—founded a small brokerage firm in St. Paul, Minnesota. This firm formed the nucleus of a company that would one day become one of the largest security firms in the nation.
Other firms destined to be part of RBC Wealth Management also formed: Bosworth, Chanute, Loughridge & Co. in Denver; J.M. Dain & Co. in Minneapolis; J.E. Refsnes & Co. in Phoenix; and Rauscher, Pierce & Co. in Dallas.
1929 – a pivotal startThe U.S. affiliate of Canada’s Dominion Securities (later part of RBC Wealth Management), was incorporated in New York.
1967 – mergers beginJ.M. Dain & Co. merges with Kalman’s firm. Shortly after, the merged firm purchases Quail & Co. The new organization becomes Dain, Kalman & Quail, Inc.
After further mergers, two dominant firms emerged: Dain Bosworth (midwest and northwest) and Rauscher Pierce Refsnes (southwest). In 1981, they affiliated under a holding company called Inter-Regional Financial Group.
Women’s Advisory Council, Dain Bosworth’s first employee resource group, is established—and becomes Women’s Association of Financial Advisors (WAFA).
Today, RBC Wealth Management offers five employee resource groups focused on diversity and inclusion.
1998 – new name, stronger focusA powerful new combination, Dain Rauscher, was born out of the great traditions of its predecessor firms.
2000 – a strategic acquisitionDain Rauscher announces that it will be acquired by Royal Bank of Canada (RBC).
Part of RBCDain Rauscher becomes a wholly owned subsidiary of RBC. The firm changes its name to RBC Dain Rauscher.
Further growthRBC Dain Rauscher acquires Tucker Anthony Sutro (TAS).
RBC Dain Rauscher acquired J.B. Hanauer and Co. and Ferris, Baker Watts, both of which represented a strong strategic and cultural fit.
The organization became RBC Wealth Management, a division of RBC Capital Markets, LLC. This included a migration to a new technology platform that provides clients with access to more RBC products and services.
RBC expanded its footprint in private and commercial banking and wealth management with its $5-billion acquisition of L.A.-based City National Bank.
Ground is broken on RBC Gateway, the brand new 37-story office tower in downtown Minneapolis that will soon become the firm’s U.S. headquarters.
RBC Wealth Management – U.S. has $489 billion in total client assets with more than 2,100 financial advisors operating across the U.S.
1 City National Bank is an affiliate of RBC Wealth Management a division of RBC Capital Markets, LLC, Member NYSE/FINRA/SIPC, and an indirect wholly-owned subsidiary of the Royal Bank of Canada. City National Bank Member FDIC. Banking products and services offered by City National Bank are not SIPC insured and are subject to City National Bank’s terms and conditions. RBC Wealth Management and/or its employees may receive compensation from RBC Wealth Management for referring clients to City National Bank.
Clients rely on our in-depth knowledge and experience to help achieve their goals. Our customized approach includes top-tier investment insights, proactive solutions and personal, dedicated support from a professional team.
As an RBC Wealth Management client, you also have access to a network of professionals to support you in wealth management, retirement planning, wealth strategies, annuities, insurance and credit solutions.
Every step of the way, we help you make informed decisions based on your needs, our insights and our analysis of factors and trends.
We understand that wealth refers to more than a person’s finances. It also 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.
U.S. Soccer Foundation program aims to improve youth health and well-being.
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 invested.