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RBC Bank is the trading name of RBC Bank (Georgia), N.A., the United States–based retail banking division of the Royal Bank of Canada (RBC) which is targeted toward Canadian snowbirds, expatriates, and frequent tourists. Despite its limited reach, RBC Bank is a federally chartered bank, thus its trading name bears "N.A." letters.
In 2007, RBC Dain Rauscher acquired J. B. Hanauer, a brokerage firm founded in 1931. While the Dain Rauscher name was initially used in a number of RBC businesses after the acquisition, the brand was slowly phased out over time. In 2008, RBC changed the name to RBC Wealth Management. [5]
RBC Dominion Securities was the brand used by Royal Bank of Canada for full service brokerage services, primarily in Canada, and formed part of RBC's Wealth Management and Capital Markets divisions. Today, RBC Dominion Securities is known as RBC Capital Markets [ 1 ] and RBC Wealth Management.
A $20 RBC banknote from 1938, issued for circulation in Barbados RBC Plaza in Minneapolis, headquarters for RBC Wealth Management, formerly Dain Rauscher Wessels, a firm acquired by RBC in 2000 RBC Centre. 1882: Merchants Bank of Halifax opened offices in Bermuda and Newfoundland. 1899: RBC opened an agency in New York City and a branch in Havana.
Returning to Minneapolis, [13] [19] Taft became CEO of RBC's US retail brokerage arm, [5] [19] RBC Wealth Management US, [3] in September 2005. [19] Under Taft, RBC Wealth Management avoided major financial difficulties in the 2008 financial crisis, and its assets under management increased 60% between 2008 and 2011, to $220 billion. In an ...
In 2021, Broadridge announced that RBC Wealth Management-U.S. would be its second client utilizing its new advisor technology platform for wealth management. [20] In September 2022, Cetera became the first company to use Broadridge's Wealth InFocus communications platform, which focused on communications related to wealth management. [21]
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