Strategic Expansion of Global Wealth Management Footprint
Brewin Dolphin will enhance and expand RBC's UK & Ireland Wealth
Management value proposition
Assets Under Management (£BN)(1)
154
68
I Pro forma as
realized through
this transaction
64
59
58
Peer 1
Peer 2
RBC + Brewin
Dolphin
Peer 3
Peer 4
UK, Channel
Islands & Ireland i
Discretionary
88%
Value proposition
Enhanced scale
o Acquisition achieves scale in an attractive and consolidating
market
。 Combines complementary client-centric cultures
■ Provide more choice for more clients
☐
。 Broad spectrum of client value propositions to capture a wider
demographic of clients and intergenerational wealth transfers
。 Strong opportunity to provide additional investment and leverage
RBC's global capabilities and banking expertise to extend the
range of products and services available to meet clients' needs,
including tailored banking capabilities
Expanding distribution channels for the combined business
o Enhanced growth by widening distribution channels through
business-to-business and strategic partnerships
。 Services offered through Brewin Dolphin's intermediary network
include bespoke discretionary management services, a range of
managed portfolio strategies and multi asset funds
。 Opportunity to expand Brewin Dolphin's distribution channels
through leveraging RBC's global presence
■ Investments to drive efficiencies and accelerate growth
。 New technology infrastructure to manage and protect customer
data following the implementation of new custody and settlement
system
。 New front-end to Brewin Portfolio Service (BPS) offering has
dramatically improved user experience
。 Accelerates Brewin Dolphin's digital agenda through access to
RBC's broader systems, capabilities and network
Assets Under Management and Administration
RBC Wealth
Management
UK & Channel Islands
Brewin Dolphin
88
Trust &
Other
76%
£44BN
AUM&A
Wealth
11%
(£5BN)
+
Deposits
13%
£59BN
AUM
Non-discretionary
12%
(1) All Wealth Management AUM figures are as at December 31, 2021 with the exception of Peer 4 which is at December 31, 2020.
6
Royal Bank of CanadaView entire presentation