#Canada #Toronto #Financial Services #RBC Wealth Management #Private Banker Awards

RBC Wealth Management's Prestigious Accolades

RBC Wealth Management, Canada's largest full-service wealth management firm, continues to solidify its reputation as a leader in the private banking sector. Recently, the company was recognized as the Outstanding Private Bank in three categories during the Private Banker International Global Wealth Awards. These prestigious accolades include global, North American, and growth strategy categories, underscoring RBC's unparalleled excellence in the private banking industry for the third consecutive year globally and the sixth year in North America.

The Private Banker International Global Wealth Awards celebrate institutions that demonstrate brilliance in various aspects of private banking. RBC Wealth Management's client-focused approach, coupled with its market leadership in Canada and ongoing expansion in North America and beyond, showcases its commitment to excellence on key markets. Notably, RBC Wealth Management ranks as the top retail mutual fund company in Canada and is a leader in market share among affluent clients. Furthermore, the firm has achieved a remarkable milestone, receiving the highest rating for advisors among bank-owned brokerage firms for 20 consecutive years in the 'Brokerage Report Card 2026' published by Investment Executive.

In the United States and the UK, RBC Wealth Management ranks among the top six wealth management firms by assets under administration, recording a staggering 91% increase in profits over five years, and boasts a client base of 320,000 households.

Commitment to Technology and Relationships

RBC Wealth Management's steadfast investment in technology and tools designed to enhance client relationships is central to its customer experience. In April 2026, the firm earned two PWM Wealth Tech Awards for its AI strategy and RBC Assist, an internal generative AI tool. This tool has been rolled out to 100% of advisors, with over 75,000 employees at RBC leveraging AI platforms to boost productivity and allow time for high-value client interactions.

Neil McLaughlin, Group Head of RBC Wealth Management and Insurance, emphasizes, "Wealth management involves understanding a client's life holistically – their family, business, and long-term goals. Today's clients often have complex needs; their wealth increasingly spans generations. It's our dedicated team of experts that enables us to meet their comprehensive needs with the kind of advice and relationships that build trust across generations. These awards confirm we are on the right path, and the credit goes to the advisors, private bankers, and trust managers who make this experience tangible for the clients they serve."

Looking ahead, RBC Wealth Management remains committed to strengthening client relationships and investing in talent and technology to deliver differentiated client experiences.

About RBC

Royal Bank of Canada is a global financial institution with a goal-oriented and principles-driven approach that generates leading performance. Our success is rooted in our over 105,000 employees who leverage their creativity and insights to bring our vision, values, and strategy to life, enabling us to help clients flourish and communities prosper. As Canada's largest bank and one of the largest in the world by market capitalization, we build on a diversified and innovation-focused economic model to provide exceptional experiences to our more than 19 million customers in Canada, the U.S., and 27 other countries. For more information, visit rbc.com.

We take pride in supporting a wide range of community initiatives through donations, community investments, and our employees' volunteer efforts. To learn more, please visit rbc.com/peopleandplanet.

About RBC Wealth Management

RBC Wealth Management directly serves affluent clients, high-net-worth individuals, and ultra-high-net-worth families worldwide with a comprehensive suite of banking, investment, fiduciary, and other wealth management solutions from its principal operating centers in Canada, the U.S., the British Isles, and Asia. The firm also provides asset management products and services directly and through RBC and third-party distributors to institutional and retail clients through its RBC Global Asset Management business (which includes BlueBay Asset Management). This includes our Investor Services business. RBC Wealth Management manages over CAD 5.8 billion in assets, with CAD 1.7 billion in assets under management, and caters to more than 6,000 financial advisors, consultants, private bankers, and fiduciaries. For further information, please visit www.rbcwealthmanagement.com.