Rbc wealth management reviews
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Re: Anyone with RBC Wealth Management account?
Postby Connemara »
Hi, inom had an account at RBC. They charge high fees. Then there are fees on fees. Then there are hidden fees. Anything that is done has a fee. It only took me about two months before I closed my account and transferred everything to Vanguard. They generate a lot of paperwork. The advisors at RBC man a lot of money, drive expensive cars and own expensive houses, boats and take expensive vacations. In my humble opinion your son is making a big mistake. They are very opaque about their returns. They used individual stocks in their portfolio and there were big commissions on each trade for each individual stock. Turns out when I delved into their portfolio performance the S&P 500 fund beat their returns easily. I am happy to have opted for low fees and the simplicity available at Vanguard. From my perspective your son would be much better dator at Vanguard, Schwab or Fidelity by just investing in low cost
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As a subsidiary of the Royal Bank of Canada (RBC), RBC Wealth Management is an advisory firm that serves clients in the United States as a registered investment advisor (RIA) and broker-dealer. The company offers various financial services to individuals, businesses, and families, including wealth planning, investment management, and estate planning. In its 2024 awards, Family Wealth Report named RBC Wealth Management the Best International Private Bank in North America and the top company for Impact Investing (Product).
This guide will outline RBC Wealth Management’s advisory services. This includes breaking down its account minimums and fee structures. You’ll also learn about key company information, including disclosures, points of contact, and how to open an account.
$1.01 trillion
85,301
1864
David inom. McKay
Fee-based
3 World Financial Center, 200 Vesey Street, New York, färsk 10281
(800) 759-4029
Pros and Cons of RBC Wealth Management
Pros
- Firm is a fiduciary
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your financial details.
RBC Wealth Management Review
This review was produced by SmartAsset based on publicly available information. The named firm and its financial professionals have not reviewed, approved, or endorsed this review and are not responsible for its accuracy. Review content is produced by SmartAsset independently of any business relationships that might exist between SmartAsset and the named firm and its financial professionals, and firms and financial professionals having business relationships with SmartAsset receive no special treatment or consideration in SmartAsset’s reviews. This page