Al continues to accept new clients with a minimum of $2million in investment assets. RBCDominionSecurities is Canada's leading investment advisory and wealthmanagement firm, serving private investors since 1901 and trusted by more than 500,000 clients across Canada and around the world.
Most financial planners accept clients with a minimum of $100,000 investable dollars to put under management. Some will accept $50,000 or lower, but $100,000 is a good benchmark.
There are several firms that charge under 1%, but you would be hard-pressed to get much below 1% at a big bank with $1.2 million to invest. Their overhead costs are simply too high.
There is a bit of difference between RBCWealthManagement and Dominion, I went with Dominion because of the person I would have as an advisor. My advisor doesn't have me in anything bank and has never even talked about anything from RBC or any other bank.
Explore everything you need to know about RBCWealthManagement including its services, fees, client experience, and whether it’s good for your investment and financial planning goals.
Any income or interest earned in your account may be used to help offset the cost of borrowing. The portion of the purchase price that you pay depends on the security. Here's what you need to know about eligible securities and applicable margin as an RBC Direct Investing client:
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RBCWealthManagement or PH&N may be options down the road. As a result, one thought is to first move our investment accounts from BMOIL to RBCDI and then perhaps have their Wealthmanagement people handle part so we can see if we are happy with them. We do have bank accounts with both BMO & RBC.
The forward-looking statements contained in this document represent the views of management and are presented for the purpose of assisting the holders of our securities and financial analysts in understanding our financial position and results of operations as at and for the periods ended on the dates presented, as well as our financial ...
There are several firms that charge under 1%, but you would be hard-pressed to get much below 1% at a big bank with $1.2 million to invest. Their overhead costs are simply too high.