RBC Direct Investing expands offering with model portfolios
New feature gives long-term investors insight into portfolio strategies developed by RBC Asset Managementó Canada's leading asset manager
TORONTO, August 21, 2008 — Do-it-yourself investors
at RBC Direct Investing now have access to a new feature that
makes it easier for them to create a personal investment portfolio
that best suits their risk profile. The new Model Portfolios
feature enables investors to choose among pre-selected investment
portfolios offering a range of conservative to aggressive
growth solutions. Investors can browse the model portfolios
for ideas, purchase mutual funds that appeal to them, or incorporate
an entire model portfolio into their own investment portfolio.
The risk profiles and asset allocations carefully follow strategies
prepared by the industry's top ranking wealth management advisors,
RBC Asset Management. Product solutions are selected by advisors
at RBC Asset Management, the RBC Mutual Fund Research Team
and RBC Dominion Securities.
"We're always looking for ways to improve our service
and this latest enhancement recognizes investors who want
the best tools and resources to meet their long-term financial
planning needs," said Doug Coulter, president and CEO,
RBC Direct Investing. "We're pleased to be able to offer
this new feature to our clients as it will make it easier
for them to build and diversify their individual investment
"Asset mix recommendations continue to add significant
value to investor strategies in building wealth," added
Brenda Vince, president, RBC Asset Management. "Working
with our partners in RBC Direct Investing, we can now provide
clients with RBC Asset Management's most up-to-date thinking
through the new Model Portfolios."
The Model Portfolios feature is accessible to clients on
the Market Insight page under the Markets tab on the RBC Direct
Investing site. Funds used to build the model portfolios include
funds from RBC Asset Management and Phillips, Hager &
North which received the Lipper Awards for "Best Overall
Fund Group" and "Best Bond Family" in Canada
respectively for the second consecutive year in 2008. Investors
can also include funds from other leading third-party mutual
fund companies such as CI Investments, Fidelity Investments,
Franklin Templeton Investments and Invesco Trimark Investments.
The Model Portfolios include Series D versions of RBC Funds,
where possible. Series D is a new RBC mutual fund purchase
option with lower MERs designed for the self-directed investor
and available exclusively to RBC Direct Investing clients.
RBC Direct Investing will also be offering Exchange Traded
Funds (ETF) Model Portfolios prepared by the RBC Dominion
Securities Portfolio Advisory Group later this year.
The risk profiles established by RBC Asset Management include
the following models: Conservative, for investors seeking
modest income and modest capital growth with reasonable capital
preservation; Balanced, for investors focused on balancing
long term capital growth and capital preservation with a secondary
focus on modest income; Growth, for portfolios offering long
term growth over capital preservation and regular income;
Aggressive, offering solutions for long term growth over capital
preservation and regular income.
About RBC Direct Investing
RBC Direct Investing, one of Canada's leading discount brokers,
is a wholly owned subsidiary of Royal Bank of Canada, providing
leading-edge tools and resources for investors who prefer
to manage all or a portion of their investment portfolio.
Clients have access to their investments 24/7 online or by
phone and can choose from a broad range of investment products
including stocks, bonds, GICs, T-bills and over 2,500 mutual
funds. Clients can qualify for trade commissions as low as
$6.95 flat (www.rbcdirectinvesting.com/lowtrades)
and have exclusive access to over 40 Series D RBC Funds across
a variety of asset classes with lower management fees starting
from 0.68 per cent (www.rbcdirectinvesting.com/seriesd).
Independent rating agency, Dalbar Inc. selected RBC Direct
Investing for its 2007 Direct Brokerage Service Award, rating
it number #1 overall for customer service among discount brokers
in Canada, a trend continued in the first two quarters of
2008. Visit our website at www.rbcdirectinvesting.com.
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Jackie Braden, Manager RBC Media Relations, (416) 974-2124