RBC Wealth Management adds three new suites of portfolios



ETFs from iShares and Vanguard; mutual funds from American Funds offer more options for households with small accounts

MINNEAPOLIS (Oct. 20, 2016) – Clients of RBC Wealth Management-U.S. will now have a wider array of options for their smaller retirement accounts with the addition of three new suites of investment portfolios from American Funds, Vanguard and iShares.

The new investment options include a suite of five ETF portfolios from Vanguard; a suite of five ETF portfolios from iShares; and a suite of five mutual fund portfolios from American Funds. The Vanguard and iShares ETF suites require a $10,000 minimum investment, while the minimum investment on American Funds’ mutual fund suite is $25,000.

“These portfolios help us provide additional account management options to clients whose advisory households may include smaller accounts,” said Sandy Duerre, director of U.S. advisory programs for RBC Wealth Management. “We’re already seeing robust early adoption of these strategies and expect that trend to continue.”

Portfolios are constructed by their respective fund manager (iShares by BlackRock, Vanguard or American Funds), the accounts are then implemented and traded by RBC Wealth Management’s Portfolio Overlay Team.

“In expanding our suite of products, we wanted to offer professionally managed strategies that work not only for smaller accounts, but are attractive to all investors,” said Kevin McDevitt, director of global manager research for RBC Wealth Management.  “By teaming with three industry leaders, we can offer clients several attractive, low-cost portfolio options to grow their wealth.  The combination of low-cost and professionally managed strategies gives clients the best of both worlds and we believe is the formula for long-term success.”

The addition of the new portfolios comes less than a year after RBC Wealth Management-U.S. lowered the minimum investment amount on its RBC Strategic ETF Portfolio to $10,000. Within eight months of lowering the minimum, the number of accounts quadrupled and the assets in those accounts tripled.

“Given how our clients responded to the lower minimums on our in-house ETF portfolio, it became clear that clients wanted more options for their smaller retirement accounts,” Duerre said. “We listened.”

About RBC Wealth Management-U.S.

In the United States, RBC Wealth Management operates as a division of RBC Capital Markets, LLC. Founded in 1909, RBC Capital Markets, LLC. is a member of the New York Stock Exchange, the Financial Industry Regulatory Authority, the Securities Investor Protection Corporation, and other major securities exchanges.  RBC Wealth Management has $284 billion in total client assets with 1,800 financial advisors operating in 200 locations in 41 states.   For more information about RBC Wealth Management-U.S., visit https://www.rbcwealthmanagement.com/

Investors should consider the investment objectives, risks, and charges and expenses of a fund carefully before investing. Prospectuses containing this and other information about the fund are available by contacting your RBC Wealth Management Financial Advisor. Please read the prospectus carefully before investing to make sure that the fund is appropriate for your goals and risk tolerance. Historical fund performance does not guarantee the same results in the future. Principal value, share prices and investment returns fluctuate with market conditions. Your investment may be worth more or less than your original cost when you redeem your shares.

Contact Info:

Nicole Garrison, RBC Wealth Management
612-371-2999, nicole.garrison@rbc.com

Jonell Lundquist, RBC Wealth Management
612-371-2239, jonell.lundquist@rbc.com