Tailored

About RBC Wealth Management

Your values, needs and goals are unique. We take the time to understand them so we can create a strategic wealth plan that reflects what’s important to you.

At RBC Wealth Management, we’re the firm you can depend on to help you achieve your financial goals. Your aspirations may involve your family, your business or the legacy you want to leave. We can help you navigate opportunities, changes and challenges as they happen—from generation to generation.

How we help

Stable

When you choose us as your wealth management firm, you benefit from the financial stability and strength of a truly global institution.¹

The success of our clients motivates us and fuels our innovation. We’re honored to be recognized for our efforts.

Awards and recognition

As an industry leader with deep resources, proactive risk management and a focus on sustainability, we continue to evolve, grow and set new standards. For more than a century, our integrity and unwavering client dedication continue to guide our progress.

Our core strength is our people and the relationships they build with our clients.

We have a reputation for putting the interests of clients ahead of our own, and a passion for helping transform the lives of the people we serve.

At RBC Wealth Management, you’ll enjoy personal service and customized solutions—supported by local teams and a global network of professionals.

¹ RBC Capital Markets, LLC, is a wholly owned subsidiary of, and separate legal entity from, Royal Bank of Canada (RBC). RBC does not guarantee any debts or obligations of RBC Capital Markets, LLC. We believe RBC’s assets under administration and market capitalization reflect the company’s fiscal stewardship; however, these business metrics do not affect the performance or implied protection of investments held in accounts at RBC Wealth Management.

Meet our leadership team

Our history – from 1909 to today

The very beginning
In 1909, Oscar Kalman—an enterprising and insightful individual—founded a small brokerage firm in St. Paul, Minnesota. This firm formed the nucleus of a company that would one day become one of the largest security firms in the nation.

1909 to 1929 – we’ll be together later

Other firms destined to be part of RBC Wealth Management also formed: Bosworth, Chanute, Loughridge & Co. in Denver; J.M. Dain & Co. in Minneapolis; J.E. Refsnes & Co. in Phoenix; and Rauscher, Pierce & Co. in Dallas.

1929 to 1967

1929 – a pivotal start
The U.S. affiliate of Canada’s Dominion Securities (later part of RBC Wealth Management), was incorporated in New York.

1967 – mergers begin
J.M. Dain & Co. merges with Kalman’s firm. Shortly after, the merged firm purchases Quail & Co. The new organization becomes Dain, Kalman & Quail, Inc.

1973 to 1981 – stronger together

After further mergers, two dominant firms emerged: Dain Bosworth (midwest and northwest) and Rauscher Pierce Refsnes (southwest). In 1981, they affiliated under a holding company called Inter-Regional Financial Group.

1991 – helping employees

Women’s Advisory Council, Dain Bosworth’s first employee resource group, is established—and becomes Women’s Association of Financial Advisors (WAFA).

Today, RBC Wealth Management offers five employee resource groups focused on diversity and inclusion.

1998 to 2000

1998 – new name, stronger focus
A powerful new combination, Dain Rauscher, was born out of the great traditions of its predecessor firms.

2000 – a strategic acquisition
Dain Rauscher announces that it will be acquired by Royal Bank of Canada (RBC).

2001

Part of RBC
Dain Rauscher becomes a wholly owned subsidiary of RBC. The firm changes its name to RBC Dain Rauscher.

Further growth
RBC Dain Rauscher acquires Tucker Anthony Sutro (TAS).

2007 to 2008 – great gains

RBC Dain Rauscher acquired J.B. Hanauer and Co. and Ferris, Baker Watts, both of which represented a strong strategic and cultural fit.

2008 – welcome to RBC Wealth Management

The organization became RBC Wealth Management, a division of RBC Capital Markets, LLC. This included a migration to a new technology platform that provides clients with access to more RBC products and services.

2015 – further expansion

RBC expanded its footprint in private and commercial banking and wealth management with its $5-billion acquisition of L.A.-based City National Bank.

2019 – a shiny new space

Ground is broken on RBC Gateway, the brand new 37-story office tower in downtown Minneapolis that will soon become the firm’s U.S. headquarters.

Today – helping clients thrive and communities prosper

RBC Wealth Management–U.S. has $640 billion in total client assets with more than 2,200 financial advisors operating across the U.S.

As of April 30, 2025

¹ City National Bank is an affiliate of RBC Wealth Management a division of RBC Capital Markets, LLC, Member NYSE/FINRA/SIPC, and an indirect wholly-owned subsidiary of the Royal Bank of Canada. City National Bank Member FDIC. Banking products and services offered by City National Bank are not SIPC insured and are subject to City National Bank’s terms and conditions. RBC Wealth Management and/or its employees may receive compensation from RBC Wealth Management for referring clients to City National Bank.

Resourceful

Clients rely on our in-depth knowledge and experience to help achieve their goals. Our customized approach includes top-tier investment insights, proactive solutions and personal, dedicated support from a professional team.

As an RBC Wealth Management client, you also have access to a network of professionals to support you in wealth management, retirement planning, wealth strategies, annuities, insurance and credit solutions.

Every step of the way, we help you make informed decisions based on your needs, our insights and our analysis of factors and trends.

Browse our insights

Thoughtful

We understand that wealth refers to more than a person’s finances. It also includes a sense of well-being, belonging and prosperity in the communities where we live and work.

Everything we do has an impact—from partnering with charitable organizations and sponsoring causes to the exceptional volunteering efforts of our employees.

We look for opportunities to invest our time, talent and resources to empower communities and drive positive change.

Supporting our communities

Financial advisor regains passion for serving clients after losing eyesight

Well-being

Despite losing his sight, Jeff Nova is still thriving in his role as a financial advisor.

3 minute read