Strategic Expansion of Global Wealth Management Footprint
Transaction results in scale in three of the world's largest asset pools
Canadian Wealth Management
#1 HNW market share(1)
#1 Ultra HNW market share(1)
C$3.9BN
2021 Revenue
C$175BN
Q1/22 AUM
C$534BN
Q1/22 AUA
U.S. Wealth Management
(including City National)
6th largest U.S. wealth advisory firm,
ranked by AUA(2)
High quality growth franchise at City
National
US$5.0BN
2021 Revenue
US$181BN
Q1/22 AUM
US$561BN
Q1/22 AUA
Wealth Management
UK & Ireland
Top 3 UK & Ireland wealth manager,
ranked by AUM(3)
Pro forma as realized
through this transaction
~£0.5BN
2021 Revenue
~£64BN
December, 2021
AUM
RBC Global Asset Management (includes the largest retail mutual fund company in Canada)
2021 Revenue: C$2.7BN; Q1/22 AUM: C$599BN
Expanding RBC's opportunity into the large UK & Ireland wealth management asset pool
Canada
C$3 trillion (4)
United States
US$60 trillion(4)
United Kingdom
£3 trillion(4)
3
(1) HNW: High Net Worth. Market share as measured by AUA, Investor Economics, October 2021. (2) Assets under administration (AUA): Assets administered by us, which are beneficially owned by
clients. Services provided in respect of assets under administration are of an administrative nature, including safekeeping, collecting investment income, settling purchase and sale transactions, and
record keeping. (3) Assets under management (AUM): Assets managed by us, which are beneficially owned by clients. Services provided in respect of assets under management include the selection
of investments and the provision of investment advice. We have assets under management that are also administered by us and included in assets under administration. (4) GlobalData
Royal Bank of CanadaView entire presentation