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RBC Wealth Management's Recent Achievements

RBC Wealth Management, a leading financial service provider based in Canada, has made headlines by earning the title of "Outstanding Private Bank" in three distinct categories at the prestigious Private Banker International Global Wealth Awards. This event recognizes excellence in various dimensions of private banking, and RBC has notably clinched awards for the categories of Global, North America, and Growth Strategy, solidifying its position as a powerhouse in the wealth management sector.

As Canada's largest full-service asset management firm, RBC has demonstrated consistent performance in private banking, marking three consecutive years of obtaining the "Global" award and six years for the "North America" category. These accolades highlight the firm's commitment to superior banking services and customer relations.

The Private Banker International Global Wealth Awards assess institutions based on their innovative strategies, customer-centric approach, and their capability to adapt and thrive in a competitive environment, reflecting RBC's leadership in the industry. RBC Wealth Management's strategy combines local market leadership in Canada with ongoing expansion efforts across North America and globally, which is evident in its robust performance metrics.

In Canada, RBC Wealth Management is ranked as the number one provider of mutual funds, boasting a significant market share with affluent clients. The subsidiary, RBC Dominion Securities, has maintained the highest advisor rating among bank-owned brokerage firms for an impressive two decades, according to the 2026 Brokerage Report Card conducted by Investment Executive.

In conjunction with its achievements in Canada, RBC Wealth Management has also positioned itself among the top six wealth management firms in the United States and the United Kingdom based on assets under management. Notably, their American market segment has witnessed a remarkable 91% growth in profit over the past five years, effectively serving around 320,000 households.

Central to enhancing the client experience is RBC's dedication to technological advancement. The firm has made significant investments in technology and tools, equipping advisors to prioritize customer relationships effectively. Recently, RBC was honored with two PWM Wealth Tech Awards for its innovative AI strategy and its proprietary GenAI tool, "RBC Assist." This tool has been adopted by 100% of its advisors and is utilized by over 75,000 employees globally, enhancing their productivity and allowing for more meaningful client interactions.

Neil McLaughlin, Group Head of RBC Wealth Management Insurance, emphasizes that wealth management today requires a holistic understanding of clients’ lives, bridging their family, businesses, and long-term goals. He asserts that modern client needs are rarely straightforward, as wealth increasingly transcends borders and generations. RBC fosters this understanding through a dedicated team of professionals who strive to build trust-driven, multi-generational relationships. The recent awards reaffirm the firm’s commitment to nurturing this approach, crediting the advisors and private bankers who make these interactions possible.

Looking ahead, RBC Wealth Management is determined to deepen its client relationships and continues to invest in talent and technology to create exceptional experiences for its customers.

About RBC

The Royal Bank of Canada (RBC) is a global financial institution known for its dedicated and principled approach to providing outstanding financial services. The accomplishment of RBC is powered by over 105,000 employees who harness their creativity and insights to realize the bank's vision, values, and strategies, driving customer success and contributing to community prosperity. As the largest bank in Canada and one of the largest in the world by market capitalization, RBC operates a diversified business model focused on innovation and delivering exceptional customer experiences to more than 19 million clients across Canada, the United States, and 27 other countries. To learn more, visit rbc.com.

RBC Wealth Management directly serves affluent, high-net-worth, and ultra-high-net-worth clients through a comprehensive suite of banking, investment, trust, and other wealth management solutions from key operational centers in Canada, the United States, the British Isles, and Asia. Furthermore, the company provides asset management products and services directly and through RBC and external distribution partners for institutional and retail clients via its RBC Global Asset Management business segment. With managed assets exceeding CAD 5.8 trillion and client assets under management of CAD 1.7 trillion, RBC Wealth Management employs over 6,000 financial advisors, consultants, private bankers, and trust officers. For more information, visit www.rbcwealthmanagement.com.