TECHNOLOGY @ RBC
Wealth Management
Strategic Priorities
■ Global Asset Management: Deliver investment performance and
extend leadership position in Canada, while continuing to build and
grow in the U.S. and other key global markets
■ Canadian Wealth Management: Continue to deepen client
relationships and deliver a differentiated client experience that is
increasingly digitally-enabled and supported by data-driven
insights
■ U.S. Wealth Management: Leverage the combined strengths of
City National Bank, RBC Wealth Management U.S. and Capital
Markets to accelerate growth in the U.S.
■ International Wealth Management: In the British Isles,
accelerate organic market share growth to be a top-tier wealth
manager, providing solutions and insight to successful wealth
creators. In Asia, continue to drive growth in Asia's global families
by leveraging the global strengths and capabilities of RBC
Cash Earnings ($ millions)(1) (2)
Recent Awards
Outstanding Global Private Bank-North America
(Private Banker International Global Wealth Awards, 2020)
Best Private Bank - Canada
(PWM / The Banker Global Private Banking Awards, 2020)
Best Institutional Trust or Fiduciary Company
(WealthBriefing European Awards, 2020)
Best Private Bank for Innovative Client Solution
(Family Wealth Report Awards, 2020)
Best Private Bank for Digitally Empowering Relationship
Managers, North America
(PWM's Global Wealth Tech Awards, 2020)
RBC Dominion Securities Highest-Rated, Bank-Owned
Investment Brokerage
(Investment Executive Brokerage Report Card, 2020)
#1 in Investor Satisfaction with U.S. Full-Service Brokerage Firms
(J.D. Power, 2020)
AUA and AUM ($ billions) (3)
2,736
2,458
186
2,327
193
172
2,017
179
2,265
1,838
2017
2018
■Net income
2,550
2019
■ Amortization
2,155
2020
1,100
1,062
971
929
756
665
836
bbb b
2017
634
2018
■ AUA ■ AUM
2019
2020
(1) Cash earnings exclude the after-tax effect of amortization of intangibles. This is a non-GAAP measure. For more information see slide 62. (2) 2019 net income includes the gain on sale of the private debt business of BlueBay ($134 million after-tax). (3) Spot Balances.
12 BUSINESS SEGMENTS
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