MINNEAPOLIS, Minnesota (April 25, 2019) – RBC Correspondent and Advisor Services (CAS), part of RBC Wealth Management – U.S., announced today that it won the Adviser Fintech and Platforms Innovation category award for RBC BLACK, an integrated financial advisor platform.
The inaugural InvestmentNews Innovation Awards honored six firms that demonstrate innovative approaches to the opportunities and challenges facing the financial advice profession. RBC BLACK is the first custodian driven advisor platform that fully integrates five world-class independent financial technology solutions (account aggregation, customer relationship management, risk analysis, goal-based financial planning and trading/rebalancing) into one technology suite. RBC BLACK costs 80% less than purchasing each of its five technologies separately. RBC displays all solutions on one primary dashboard, which allows the advisor to leverage the power of technology to enhance client relationships and grow their business.
“We are honored to be recognized by InvestmentNews for our commitment to help improve how financial advisors take care of their clients, run their businesses and improve client outcomes,” said Brett Thorne, Head of RBC Correspondent and Advisor Services. “RBC BLACK represents a unique and expandable platform containing a full menu of wealth management solutions, bringing a new level of organization and automation to help our clients thrive.”
RBC Correspondent Services is the third-largest clearing provider based on number of broker-dealer clients in the United States. The business specializes in providing comprehensive clearing, custody and execution services to independent broker dealers and their advisors who seek knowledgeable support, powerful trading tools and platforms, expanded investment choices, compelling advisor development programs and high quality proprietary research.
RBC Advisor Services is a full-service custody partner for RIA firms. RBC AS provides tailored access to a sophisticated wealth management and brokerage platform. Offering capabilities and solutions of an industry leader and providing personalized service and support in helping advisors manage their clients’ wealth.
RBC Correspondent Services and RBC Advisor Services are divisions of RBC Capital Markets, LLC, Member NYSE/FINRA/SIPC, a wholly owned subsidiary of, and separate legal entity from, Royal Bank of Canada.
For more information, visit www.rbccorrespondentservices.com or www.rbcadvisorservices.com.
Jonell Lundquist, RBC Wealth Management, 612-371-2239, or Jonell.lundquist@rbc.com.
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.