RBC Dominion Securities breaks through $150 billion mark
in client assets under administration
A first in Canadian wealth management
TORONTO, March 26, 2007 — RBC Dominion Securities
Inc., the Canadian leader in comprehensive wealth management
services, has broken through the $150 billion mark in client
assets under administration, a first in the Canadian wealth
management industry.
"We're very proud of this achievement," said David
Agnew, national director, RBC Dominion Securities. "It's
the result of providing advisors with the best tools - from
investment management to estate planning and insurance —
to help them meet their clients' goals. In return, our clients
receive a distinctively superior wealth management experience."
As the largest wealth management firm in Canada, RBC Dominion
Securities leverages the full resources of RBC, which was
named Canada's most respected company for four consecutive
years. "Our advisors have the best of both worlds: their
own distinctly entrepreneurial focus, plus access to the global
capabilities of RBC Capital Markets and RBC Wealth Management
and an excellent partnership with professionals within RBC
Canadian Banking," said George Lewis, group head, RBC
Wealth Management. "This allows us to create truly customized
solutions for each client's unique investment and broader
wealth management needs."
Another clear advantage for clients is the ability for accredited
RBC Dominion Securities advisors to provide discretionary
portfolio management services. Discretionary assets account
for 10 per cent of the asset base at RBC Dominion Securities,
making it the leading IDA-regulated wealth management firm
to offer discretionary investment management. Combined with
the investment management business of RBC Private Counsel,
RBC is the #1 provider of discretionary investment management
services to individuals in Canada.
"These advantages are compelling for financial advisors
looking to offer the very best to clients," said Agnew.
"Over the past two years, we've welcomed 70 seasoned
investment advisors and portfolio managers from our competitors,
and each of them has told me that RBC has the best wealth
management platform in Canada from which to serve clients."
About RBC Dominion Securities
RBC Dominion Securities is the Canadian leader in comprehensive
wealth management services including investments, estate planning
and insurance and has been helping Canadian investors since
1901. Clients include affluent individuals, families, businesses,
charities and organizations primarily concerned with building,
preserving and inter-generational transfer of wealth. More
than 1,300 investment advisors and portfolio managers located
in 100 branches across Canada provide comprehensive wealth
management solutions on both an advisory and discretionary
basis to help clients achieve their goals.
RBC Dominion Securities is part of RBC
Wealth Management which directly serves affluent and high
net worth clients in Canada, the United States, Latin America,
Europe and Asia, provides asset management and trust services
through RBC partners and third-party distributors and has
over $500 billion of assets under administration, 3,500 financial
advisors and $150 billion of assets under management.
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For further information, please contact:
Katherine Gay, RBC Wealth Management,
(416) 974-6286 or katherine.gay@rbc.com
Kathy Bevan, RBC,
(416) 974-8810 or kathy.bevan@rbc.com
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