Leveraging its market leadership in Canada, growing US franchise and expanding international footprint, RBC Wealth Management is shaping private banking for wealthy families worldwide
Canada’s RBC Wealth Management has been awarded the Outstanding Private Bank – Global title at the Private Banker International Global Wealth Awards 2025, reflecting its ability to deliver a seamless experience for high-net-worth (HNW) and ultra-high-net-worth (UHNW) clients across continents. The firm operates through hubs in Canada, the US, the British Isles and Asia, with CAD4.7tn ($3.4tn) in assets under administration and CAD1.4tn in assets under management as of Q2 2025.
The breadth of its services spans holistic wealth planning, investment management, banking and credit, estate and trust, succession planning and philanthropy. The acquisition of the UK’s Brewin Dolphin in 2022 expanded its European franchise to more than 30 offices and 2,500 employees, creating one of the largest wealth managers in the UK, Channel Islands and Ireland. This complements its Canadian leadership and growing footprint in Asia, enabling RBC to support families with complex, multi-jurisdictional needs.
North American leadership
RBC was also named Outstanding Private Bank – North America, underlining its unrivalled presence in its home region. In Canada, it holds the leading market share across private banking, brokerage, discretionary investment management, estate and trust and insurance. RBC Dominion Securities serves more than 325,000 households with around CAD600bn in assets under administration and a 26% market share – twice the size of its nearest competitor.
“With CAD4.7tn in assets under administration and operations spanning Canada, the US, Europe and Asia, RBC Wealth Management stands as a global private banking leader”
In the US, RBC is the sixth-largest full-service wealth advisory firm, with $640bn in assets under administration and 316,000 households served across 42 states. Its 2,200 advisers deliver a client-first model supported by technology and fee-based planning. The integration with City National Bank, which holds $94bn in assets, extends this strength by combining personal and commercial banking with wealth solutions.
Client-first philosophy
A hallmark of RBC’s success is its emphasis on holistic advice. Every client benefits from the support of an adviser backed by RBC Family Office Services, a team of more than 200 accredited specialists across tax, estate, succession and philanthropy. This collaborative approach ensures strategies are tailored to clients’ values and financial goals.
Digital innovation has also enhanced service. RBC’s Advisor Assist technology is expected to make 80% of its staff as effective as the top 10% by automating and streamlining routine tasks, freeing them to focus on deeper client engagement.
Driving consistent excellence
The dual recognition by Private Banker International affirms RBC’s ability to combine scale with personalised services. By leveraging leadership in North America and extending capabilities across Europe and Asia, the firm continues to shape the future of global wealth management.
Metrics That Matter
- 14% Increase in assets under administration in FY2024, reaching CAD4.7tn
- 26% Share of Canada’s full-service brokerage industry held by RBC Dominion Securities
- 27% Rise in net income in FY2024, taking it to CAD3.4bn
- 316,000 Number of US households served by RBC Wealth Management advisers
- 6,000+ Advisers supporting affluent, HNW and UHNW clients worldwide