Search company, investor...

Founded Year


About RBC Wealth Management

RBC Wealth Management is a company that focuses on providing wealth management solutions in the financial services industry. The company offers a range of services including private banking, credit, investment management, asset management, and estate and trust services. These services are designed to help individuals, families, and institutions grow and protect their wealth. It was founded in 1869 and is based in Toronto, Ontario.

Headquarters Location

Toronto, Ontario,





Latest RBC Wealth Management News

RBC Wealth Management survey: Retirement worries intensify as planning and saving get more complex

Feb 1, 2024

RBC Wealth Management survey: Retirement worries intensify as planning and saving get more complex February 01, 2024 at 09:02 am EST Share Retirement Paycheck survey compiles insights from retirement savers and current retirees on concerns, strategies and more MINNEAPOLIS, Feb. 1, 2024 /PRNewswire/ - According to a survey recently conducted by RBC Wealth Management, the top concerns of those in and approaching retirement include outliving assets and managing healthcare amid rising costs. Knowing that they can't solely rely on pensions and Social Security to cover every-day expenses, for this generation creating reliable income in retirement or a 'retirement paycheck' is also an important consideration. The survey also shows an increase of concerns around market volatility, dying early and leaving a legacy when compared to RBC Wealth Management's last survey from 2018. 43% of retirees are worried about outliving their assets compared with 37 percent in 2018 32% of those approaching retirement are worried about investment loss, up from 9% in 2018 25% of those approaching retirement are worried about dying early, increasing from 11% since 2018 17% of those approaching retirement are concerned about estate taxes, up from 3% in 2018 Only 53% of those surveyed said they understand how their assets and investments will work together to provide them a paycheck in retirement, while 49% understand the tax implications of withdrawals and 44% understand required minimum distributions Nearly half of respondents don't have a documented plan for retirement. Of those who have a documented plan, 91% are confident about maintaining their standard of living in retirement, compared to only 70% for those without a documented plan. The survey findings reinforce a need for people to think beyond saving for retirement and the importance of having a clear understanding of how their investment sources will work together to create income throughout their retirement years. This concept of a personalized income plan or "retirement paycheck" appealed strongly to survey respondents, with 84% saying it would help them make the most of their retirement years. "Today's retirees need to navigate risks and establish a well-thought-out retirement paycheck that will likely come from a number of sources," said Angie O'Leary, head of Wealth Planning for RBC Wealth Management – U.S. "Everyone 60 and older should have a personalized income plan, so they have the financial confidence to pursue the lifestyle they want in retirement." To help meet this need, RBC Wealth Management created a guide for creating a paycheck in retirement and a new Retirement Paycheck tool for financial advisors to provide clients with a simple snapshot of their retirement income. Available to all clients with an RBC WealthPlan, this tool includes an easy-to-understand dashboard projecting a client's total income up to 30 years in the future based on their retirement spending goals. For those in or within five years of retirement, the dashboard also provides a visual snapshot of what their Retirement Paycheck will look like over the next five years and where that money will come from. "When you need to tap into your investment and retirement accounts, the timing and order of how you draw down those accounts is critical and can make a big difference in the taxes you end up paying, and when you pay them," O'Leary added. "Most people need that visual. It simplifies the question of 'How am I going to live in retirement?'" Additional insights and a glimpse of how to build a retirement paycheck is available in the RBC Wealth Management Retirement Paycheck report available here. About the Retirement Paycheck survey A 10-minute online survey was conducted in September 2023. Respondents included 2,000 general public households in or approaching retirement across gender, race and geography in the United States. Of those surveyed, 1,000 were approaching retirement (within 5 years of projected retirement) and 1,000 were retired (up to 10 years out from retirement). Within each subset, half were defined as mass affluent ($100,000 to $1 million in investable assets) and half as high-net-worth individuals ($1 million or more in investable assets). For more details on the survey findings, contact Megan Boldt at About RBC Royal Bank of Canada is a global financial institution with a purpose-driven, principles-led approach to delivering leading performance. Our success comes from the 94,000+ employees who leverage their imaginations and insights to bring our vision, values and strategy to life so we can help our clients thrive and communities prosper. As Canada's biggest bank and one of the largest in the world, based on market capitalization, we have a diversified business model with a focus on innovation and providing exceptional experiences to our more than 17 million clients in Canada, the U.S. and 27 other countries. Learn more at We are proud to support a broad range of community initiatives through donations, community investments and employee volunteer activities. See how at About RBC Wealth Management – U.S. In the United States, RBC Wealth Management operates as a division of RBC Capital Markets, LLC. Founded in 1909, RBC Wealth Management is a member of the New York Stock Exchange, the Financial Industry Regulatory Authority, the Securities Investor Protection Corporation, and other major securities exchanges. RBC Wealth Management has $513 billion in total client assets with more than 2,100 financial advisors operating in 190 locations in 42 states. View original content to download multimedia: SOURCE RBC Wealth Management - U.S. Share

RBC Wealth Management Frequently Asked Questions (FAQ)

  • When was RBC Wealth Management founded?

    RBC Wealth Management was founded in 1869.

  • Where is RBC Wealth Management's headquarters?

    RBC Wealth Management's headquarters is located at Toronto.

  • Who are RBC Wealth Management's competitors?

    Competitors of RBC Wealth Management include Avenir Tech, HSBC Bank Canada, Micruity, Advisor Group, Power Corporation of Canada and 7 more.


Compare RBC Wealth Management to Competitors

Raymond James Bank

Raymond James Bank is a banking company that operates in the financial services industry. The company's main services include offering various banking options such as mortgages, securities-based lending, and deposit accounts. It primarily serves the financial sector of the economy. It is based in Saint Petersburg, Pennsylvania.

Edward Jones Investments Logo
Edward Jones Investments

Edward Jones Investments focuses on providing financial services in the finance industry. The company offers a range of services including investment advice, retirement planning, and insurance needs, all aimed at helping clients achieve their financial goals. The company primarily serves individual clients, with a strong presence in the personal finance sector. It was founded in 1995 and is based in Des Peres, Missouri.

Commonwealth Financial Group

Commonwealth Financial Group is a company that focuses on financial planning in the financial services industry. The company offers services such as financial planning, consulting, and providing resources to help clients navigate financial complexities and build secure futures. They primarily cater to individuals seeking financial advice and planning. It was founded in 1857 and is based in Boston, Massachusetts.

Wells Fargo Advisors

Wells Fargo Advisors specializes in financial advisory and wealth management services within the financial sector. The company offers a comprehensive suite of services including investment management, retirement planning, estate planning, and brokerage services. Wells Fargo Advisors primarily serves individual investors and businesses seeking financial planning and investment strategies. It is based in Saint Louis, Missouri.

Fidelity Investments Logo
Fidelity Investments

Fideliity Investments is a financial services company. It operates in the investment management and brokerage sectors. The company offers a range of services, including financial planning, wealth management, retirement planning, and trading services. It provides a variety of investment products, such as mutual funds, exchange-traded funds (ETFs), and fixed-income bonds and CDs. It was founded in 1946 and is based in Boston, Massachusetts.

Cetera Financial Group

Cetera Financial Group is a wealth hub that operates in the financial services industry. The company provides a range of services including financial planning, investment guidance, and technology platforms for financial professionals and institutions. It serves independent financial advisors, tax professionals, large enterprises, and financial institutions such as banks and credit unions. It was founded in 2010 and is based in San Diego, California.


CBI websites generally use certain cookies to enable better interactions with our sites and services. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. You can read more about your cookie choices at our privacy policy here. By continuing to use this site you are consenting to these choices.