RBC expanded its footprint in private and commercial banking and wealth management in the U.S., with its $5 billion acquisition of L.A.-based City National Bank. combined to form RBC Phillips, Hager & North Investment Counsel, one of Canada’s largest private client investment counselling businesses. Phillips, Hager & North’s Discretionary Private Client business and RBC Private Counsel Inc. formed RBC Private Counsel Inc.Ģ007 – RBC Wealth Management Services establishedįormation of Wealth Management Services, a team of leading professionals, including accountants and lawyers, dedicated to serving the wealth management needs of clients. RBC Royal Bank obtained 100% ownership of RBC Dominion Securities Inc.Ĭonnor Clark, Global Private Banking Canada and RT Investment Counsel Inc. changed its name to RT Investment Counsel Inc.ĭominion Securities acquired Richardson Greenshields of Canada Ltd. through its subsidiary, Dominion Securities. Royal Bank becomes the first Canadian bank to receive regulatory approval to underwrite corporate securities in the U.S. Royal Trust Corporation of Canada incorporated. Royal Bank established an Equal Employment Opportunity program, the first of its kind for a Canadian bank.ĭominion Securities grew through strategic acquisitions, including merging with Pitfield, Mackay, Ross Limited to create Dominion Securities Pitfield.ĭominion Securities continued to grow through strategic acquisitions, including Pemberton Houston Willoughby Investment Corporation. Royal Bank made the first Canadian banking transaction by computer: a deposit. Phillips, Hager & North Investment Management Ltd. Used for accounting, it occupied an entire room.Īt RBC Wealth Management, we continue to innovate and develop digital tools to help our clients and advisors. Royal Bank was the first Canadian bank to install a computer, an IBM 1401. This would become the longest Olympic sponsorship in Canadian history.īy the 1950s, Dominion Securities branches were operating in all the principal Canadian cities. Royal Bank first sponsored the Canadian Olympic Association. and the British Isles.Ī new stock trading department completed Dominion Securities' investment capabilities.

Today, parts of the collection are housed in RBC Wealth Management offices in Canada, the U.S.

Early business focused on underwriting and distributing government and municipal bonds-and began to expand leading up to the First World War.

In 1901, Dominion Securities Corporation Limited was established in Toronto.

Rbc online banking