How do RBC financial planners get paid?

This group is generally remunerated through commission either on the sale of an investment or as part of the MER of a mutual fund. The first is “traditional” in that if you buy a product (from RBC, for example) you pay a commission of some nature which goes to the adviser.

Who is RBC wealth management?

RBC Wealth Management is a division of RBC Capital Markets, LLC, which is a subsidiary of Royal Bank of Canada. RBC Wealth Management provides a full suite of banking, investment, trust and wealth management services, as well as asset management services both through its own business and through third parties.

What is the difference between RBC wealth management and RBC Dominion Securities?

RBC Dominion Securities is the brand used by Royal Bank of Canada for full service brokerage services, primarily in Canada, and forms part of RBC’s Wealth Management division.

How much do you need to invest with RBC Dominion Securities?

RBC Dominion Securities You have household investable assets of $250,000 or more and need wealth planning services.

How much a financial advisor makes at RBC?

RBC Salary FAQs The average salary for a Financial Advisor is $53,824 per year in Canada, which is 5\% lower than the average RBC salary of $57,054 per year for this job.

How much does a banking advisor make at RBC?

How much does a Banking Advisor at RBC make? The typical RBC Banking Advisor salary is $43,042 per year. Banking Advisor salaries at RBC can range from $35,391 – $276,474 per year.

Is RBC a good place to invest?

RBC Direct Investing is considered very safe because it has a long track record, is listed on the stock exchange, has a banking background, discloses its financials and is regulated by a top-tier financial authority.

How good is RBC?

When it comes to banking, Canadians tend to be pretty satisfied customers: in 2020, the Royal Bank of Canada (RBC) received a 794 out of 1,000 rating from survey respondents, while Canada’s other top banks received an average ranking of 788 points.

What does RBC Dominion Securities do?

RBC Dominion Securities is Canada’s leading full-service brokerage firm. When building your portfolio, your Investment Advisor or Portfolio Manager has access to a complete universe of equities, fixed-income investments and mutual funds.

Is Dominion Securities part of RBC?

RBC Dominion Securities is a member of the Investment Industry Regulatory Organization of Canada (IIROC) and the Canadian Investor Protection Fund (CIPF). As a member company of RBC, we are also fully backed by the reliability, strength and resources of Canada’s leading provider of financial services.

How much does a business account manager make at RBC?

How much does a Business Account Manager at RBC make? The typical RBC Business Account Manager salary is $66,523 per year. Business Account Manager salaries at RBC can range from $54,232 – $74,040 per year.