Canadian Wealth Manager Tips $150 Billion in AuMs

Lachlan Colquhoun

27 March 2007

Canadian wealth management provider RBC Dominion Securities has become the first Canadian wealth manager to exceed $150 billion in client assets under management. RBC Dominion Securities, part of the wider RBC financial group, has recruited 70 portfolio managers from competitors in the past two years and now has a head count of more than 1,300 advisors and managers in 100 locations across Canada. The operation is part of the wider RBC Wealth Management unit, which has over $500 billion under administration around the world.