How does the advisor help clients – Key Takeaways:
RBC PRIVATE COUNSEL (USA) INC. is a leading financial advisory firm that provides expert guidance and support to clients in managing their wealth and achieving their financial goals. With a dedicated team of experienced advisors, they offer a wide range of financial services and personalized solutions to meet the unique needs of each client.
Facts and Insights
RBC PRIVATE COUNSEL (USA) INC. has been in business for over 30 years, serving a diverse range of clients with varying financial needs. As of December 2021, they have over $100 billion in assets under management and a team of over 1,500 advisors spread across the country.
Assets Under Management, Number of Advisors and Time in Business:
| Year Established | Assets under Management | Number of Advisors |
|---|---|---|
| 1989 | $100+ billion | 1,500+ |
Financial Services Offered
RBC PRIVATE COUNSEL (USA) INC. offers a comprehensive range of financial services to help clients manage their wealth and achieve their goals. These services include financial planning, investment management, estate planning, retirement planning, tax planning, and insurance planning.
Client Types
The firm caters to a diverse range of clients, including high-net-worth individuals, families, small business owners, and institutional clients. Their advisors work closely with each client to understand their unique financial goals and develop personalized strategies to help them achieve them.
Fees & Compensation
RBC PRIVATE COUNSEL (USA) INC. operates on a fee-based compensation structure, where clients pay a percentage of their assets under management as an annual fee. This ensures that the firm’s interests are aligned with those of their clients, as their compensation is directly tied to the performance of their clients’ portfolios.
Background
RBC PRIVATE COUNSEL (USA) INC. is a subsidiary of the Royal Bank of Canada (RBC), one of the largest and most trusted banks in North America. With a strong financial backing and extensive resources, the firm is able to provide clients with secure and innovative solutions to help them reach their financial goals.
Financial Advisor Disclosures to Know
RBC PRIVATE COUNSEL (USA) INC. is a registered investment advisor and is subject to strict regulatory guidelines and compliance requirements. As such, they are committed to providing full transparency to their clients and disclosing any potential conflicts of interest that may arise in their advisory services.