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RBC honoured with four wealth management awards at industry galas

The Banker & PWM Global Private Banking Awards 2018 – November 7, 2018

  • Best Private Bank in Canada 2018 – awarded for the seventh consecutive year

Private Banker International Global Wealth Awards 2018 – October 12, 2018

  • Outstanding Global Private Bank – North America – awarded for the third consecutive year
  • Outstanding Global Private Bank (Overall)
  • Outstanding Wealth Planning and Trust Provider

TORONTO, November 8, 2018 - RBC Wealth Management (RBC) continues to earn industry recognition at recent award galas, notably for its ‘one bank’ approach and holistic wealth planning capabilities and trust services.

“There are significant opportunities to deepen relationships within our existing client base in both Wealth Management and Personal & Commercial Banking,” said Doug Guzman, Group Head, RBC Wealth Management and RBC Insurance. “We continue to launch initiatives that leverage strengths across business lines to deliver more value to our clients.”

RBC’s ongoing investment in data and digital capabilities provides a 360° view of shared clients, allowing advisors to provide more personalized and timely insights. This is an important enabler in the company’s shift towards a planning-led, discovery-based approach to servicing clients.

“Culture is one of the biggest challenges for any ‘one bank’ concept,” adds Guzman. “We address this with a Leadership Model that defines the key capabilities and behaviours that matter most for future success. Collaboration is one of those key behaviours and it underpins our holistic approach to wealth management.”

Working together across business lines, RBC Wealth Management goes beyond money management to provide clients and their families with goals-based planning, estate and trust expertise, insurance solutions and business succession planning.

Both the Banker & PWM Global Private Banking Awards and the Private Banker International Global Wealth Awards are determined through a rigorous qualitative and quantitative industry-reviewed judging process. RBC accepted the Banker & PWM Global Private Banking award at a gala in London on November 7, 2018. The three awards from Private Banker International Global Wealth Awards were accepted at a gala in Singapore on October 12, 2018.

About RBC Wealth Management
RBC Wealth Management is one of the world’s top five largest wealth managers*. RBC Wealth Management directly serves affluent, high net worth and ultra high net worth clients globally with a full suite of banking, investment, trust and other wealth management solutions, from our key operational hubs in Canada, the United States, the British Isles, and Asia. The business also provides asset management products and services directly and through RBC and third party distributors to institutional and individual clients, through its RBC Global Asset Management business (which includes BlueBay Asset Management). RBC Wealth Management has C$986 billion of assets under administration, C$681 billion of assets under management and more than 4,800 financial consultants, advisors, private bankers, and trust officers. For more information, please visit www.rbcwealthmanagement.com.

*Scorpio Partnership Global Private Banking KPI Benchmark 2018. In the United States, securities are offered through RBC Wealth Management, a division of RBC Capital Markets, LLC, a wholly owned subsidiary of Royal Bank of Canada. Member NYSE/FINRA/SIPC.

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Media contact:
Sabrina Fraser, 416-955-2555