MINNEAPOLIS (March 27, 2020) — As the unprecedented and evolving COVID-19 pandemic continues to impact communities in Minneapolis and around the U.S., RBC Wealth Management – U.S. is committing $500,000 in support through a gift to United Way.
Funding will provide emergency assistance for people experiencing poverty with resources for food, shelter, childcare and other support supplies.
The company is also encouraging others in the community, including its own employees, to double the impact of its gift by making their own individual contributions.
“In these unprecedented and uncertain times, we want to help provide relief to those who need it most – in our hometown of Minneapolis and throughout all the communities where we live and work,” said RBC Wealth Management – U.S. CEO Michael Armstrong.
“No one should have to worry about access to food, supplies or support during this stressful period for our community,” said RBC Wealth Management – U.S. President Tom Sagissor. “Through this national partnership with United Way, we’re doing what we can to help in all the communities where we do business and, hopefully, inspiring others to do what they can as well.”
RBC Wealth Management’s parent company, RBC, last week committed $2 million in support of COVID-19 community response efforts. Funds will be directed to at-risk populations and communities in Canada, the U.S. and globally through charitable partners including Food Banks Canada, Feeding America and The World Health Organization’s COVID-19 Solidarity Response Fund. And earlier this week, Los Angeles-based City National Bank, also an RBC company, announced it will donate $2 million to help communities, clients and colleagues in need deal with the unprecedented and rapidly escalating humanitarian, healthcare and financial challenges caused by the COVID-19 pandemic.
Click here to make a contribution and support COVID-19 response efforts through United Way.
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 $413 billion in total client assets with 2,000 financial advisors operating in 176 locations in 42 states.
Tim Nelson, RBC Wealth Management, 612-371-2999, or Tim.nelson@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.