RBC Wealth Management Company Description
A subsidiary of Royal Bank of Canada, RBC Capital Markets, formerly RBC Dain Rauscher and doing business as RBC Wealth Management, serves US clients through two main business lines: personal investing and institutional investing. Personal investing services and products include annuities, bonds, mutual funds, and IRAs, as well as investment advice and planning. Institutional investing services comprise equity capital markets, asset securitization, public finance, fixed income trading, and other services. RBC Wealth Management has more than $120 billion of assets under management in some 800,000 client accounts, and more than 2,200 financial consultants in about 200 offices in 40 states and Washington, DC.
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The Company Description provides a historical perspective of RBC Wealth Management's organization from inception to current status.
Produced by Hoover's in-house editorial team, the Company Description tracks ownership transitions, company progress via mergers and acquisitions, major growth milestones, and strategic initiatives, to provide a holistic view of RBC Wealth Management's evolution in the marketplace.
