TORONTO, May 28, 2012 RBC Global Asset Management Inc. today announced that Brown Advisory, LLC ("Brown Advisory") has been appointed as sub-advisor for RBC Private U.S. Growth Equity Pool. This change will be effective as of June 11, 2012.
Brown Advisory is the primary investment advisory affiliate of Brown Advisory Incorporated, an independent investment firm owned primarily by its employees and directors with principal offices in Baltimore, Washington, Boston and London. Since its founding as an affiliate of Alex Brown & Sons in 1993, the firm has grown strategically, with approximately $29 billion in private and institutional client assets. Brown Advisory's investment capabilities include a wide array of U.S. equity and fixed income strategies in addition to alternative investments, open architecture and asset allocation capabilities.
About RBC Global Asset Management and RBC Wealth Management
RBC Global Asset Management (RBC GAM) is the asset management division of Royal Bank of Canada (RBC) which includes institutional money managers Phillips, Hager & North Investment Management (PH&N), RBC Global Asset Management (U.S.) and BlueBay Asset Management. RBC GAM is a provider of global investment management services and solutions to individual, high net worth and institutional investors through mutual funds, pooled funds, hedge funds, segregated accounts and specialty investment strategies. RBC GAM group of companies manage more than $250 billion in assets and have approximately 1,000 employees located across Canada, the United States, Europe and Asia.
RBC Global Asset Management 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. RBC Wealth Management provides integrated and diversified international wealth management expertise and solutions, asset management and trust services to high net worth individuals and to corporate and institutional clients. Services provided by RBC Wealth Management consultants, advisors, private bankers and trust officers include trust and estate planning, tax advice, discretionary investment management and investment advisory services, structured solutions, banking, lending and global custody. RBC Wealth Management has over $560 billion of assets under administration, over $322 billion of assets under management and more than 4,300 financial consultants, advisors, private bankers and trust officers.
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