How much money do you need for Dominion Securities?
You have household investable assets of $250,000 or more and need wealth planning services.
commission for equity transactions of less than 100 shares and/or share prices at or below $25 generally ranges from 4.00% to 5.00% of principal. RBC WM charges a minimum commission of $95 per transaction. Certain small sell transactions will result in a minimum commission below $95.
RBC Accounts for High-Net-Worth Individuals
For wealthy investors, RBC offers RBC Private Wealth, a program exclusively available to clients who have invested at least $5 million with RBC. This program is focused on addressing the financial needs that arise from having substantial wealth.
For a minimum investment of $150,000 the Architect Program delivers enormous benefits through a single, simplified solution.
RBC Dominion Securities was the brand used by Royal Bank of Canada for full service brokerage services, primarily in Canada, and formed part of RBC's Wealth Management and Capital Markets divisions. Today, RBC Dominion Securities is known as RBC Capital Markets and RBC Wealth Management.
Many financial advisors charge a flat fee based on “assets under management,” which refers to the amount of money they're looking after for you. The most common percentage for in person financial advisors is 1%-2%. For robo-advisors or online advisors the fee is generally under 1%.
RBC charges their customers $25 a quarter ($100 annually) to maintain a Direct Investing account. The fee is waived if you have more than $15,000 of assets, spread across all of their accounts.
Eligibility requirements for private banking
The minimum amount varies — $1 million is most likely the minimum for most private banks, Foy says. But there are some exceptions. For instance, Chase Private Client requires customers to keep a $150,000 worth of deposits and/or investment.
Fees RBC Wealth Management charges for its services
The maximum fee is 2.50% of assets under management if you invest less than $25 million.
RBC Private Banking clients are typically business owners, entrepreneurs, wealthy families, corporate executives or other professionals with a minimum of $1 million in investable assets or an overall net worth of $3 million.
What do wealth managers charge?
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Financial advisor fees.
| Fee type | Typical cost |
|---|---|
| Flat annual fee (retainer) | $2,000 to $7,500 |
| Hourly fee | $200 to $400 |
| Per-plan fee | $1,000 to $3,000 |
Transaction Fee
These fees can range from $9.95 per trade to over $50 per trade. 34 If you are investing small amounts of money, these fees add up quickly. Example: A $50 transaction fee on a $5,000 investment is 1%. A $50 transaction on $50,000 is only .
These typically range between 1.5% to 3% annually. Account size minimums usually apply with banks, so checking with your financial institution and being in the appropriate channel is an important aspect of investing within banks.
1988: Royal Bank acquired 67% of Dominion Securities Inc.
Many advisors are paid by commission for the products they recommend, while others receive a salary or a flat fee. Find out at the outset how your advisor is compensated, how much the services will cost, what choices you have to pay them, and what you can expect to receive in return.
RBC Capital Markets has been named Best Investment Bank in Canada as part of Euromoney's 2019 Awards for Excellence. As the recipient of this award for 12 consecutive years, we are proud of our continued leadership position in the Canadian market along with our unique cross-border and global capabilities.
RBC DS is a full service securities firm engaged in securities trading and brokerage activities and providing investment banking, investment management, financial and financial advisory services.
1988: Royal Bank acquired 67% of Dominion Securities Inc.
With the RBC Mobile app, you can access your RBC Dominion Securities accounts from your smartphone – whenever and wherever it's convenient for you. To install the app, follow these simple steps: 1. Select the App Store icon on your iPhone or iPad, or Google Play Store icon on your Android device.
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