RBC Wealth Management

Complex manager John Moran says RBC Wealth Management's New York market has recruited advisors with nearly $10 billion in assets this fiscal year, pulling from rivals like UBS, JPMorgan and Morgan Stanley.

Even without net new assets, the firm's assets under management and administration were pushed upward by market gains.

Net income in the firm's U.S. wealth business revives following losses related to its City National subsidiary a year ago.

Cinda Collins alleged before a FINRA arbitration panel that RBC fired her in late 2019 in an attempt to "steal much of her book of business without compensating her for it."

The top award winners cap off Financial Planning's inaugural Innovation Award series.

In an earnings call, an RBC executive says the firm decided to raise its account yields in response to higher Fed rates because "the right balance was to allocate some of that rising rate to our customers."

Neil McLaughlin, who'taking over RBC's wealth unit after running its personal and commercial banking divisions, is seen as a likely CEO successor.

The Toronto-based bank's U.S. subsidiary has taken in $15 billion in asset inflows in the past two years.

Canada's largest bank saw record increases in client assets and a healthy jump in its fee-based revenue. So why did its wealth profits drop 27%?

The Canadian lender continues to look south of the border for growth in its wealth management business.