RBC Investment Advantage

General

The RBC Investment Advantage is a powerful investment account that lets you and your family members take advantage of family account grouping, to lower your investing fee rates and enjoy access to value added services and offerings. Each family member’s account is separate and confidential— total family investments are only considered for calculating fees. A tiered fee rate scale is applied to the total family account balance, so the more you and/or your family invest, the more you and your family will save on overall investing costs.

You, your spouse/partner, your parents, your children (including children’s spouses), and you or your spouse/partner’s parents, siblings, and siblings’ spouses/partners and children can participate in the same RBC Investment Advantage Umbrella. Each investor must be a Canadian resident who has reached the age of majority (18 or 19, depending on the province or territory) with a Social Insurance Number (SIN). In addition, to start benefiting from lower fee rates, you (and/or your family members) must have individual or combined assets of $250,000 or more to invest in mutual funds.

You or your family members do not need to be an existing RBC client to qualify.

You can invest in a wide range of RBC mutual funds.

You can hold a variety of registered accounts, including a Tax-Free Savings Account (TFSA), Registered Retirement Savings Plan (RRSP), Registered Retirement Income Fund (RRIF), Registered Education Savings Plan (RESP), Registered Disability Savings Plan (RDSP) and non-registered Canadian dollar investment accounts (individual, joint and personal holding company).

No, US dollar accounts are not currently available under the RBC Investment Advantage.

No, your account information will not be shared with your family members investing under the RBC Investment Advantage umbrella. Each account is strictly confidential and your statement will only show your account information. Total family investments are only considered for calculating fees.

Yes, family grouping is Canada-wide.

Yes, members of your sibling’s family (spouse or children) can join under your RBC Investment Advantage umbrella, even if your sibling does not participate.

Accounts small or large can benefit from the advice offered by an RBC financial planner, Digital Financial Specialist, or an Invest-by-Phone advisor, including family goal planning, family wealth transfer and estate planning.

Opening Account

Find a Financial Planner or talk to your existing advisor.Family members investing less than $250,000: Call 1-800-463-3863

  • If you are an existing RBC investment client, you can also contact a Digital Financial Specialist through MyAdvisor.

No, you will need to contact a Financial Planner, Digital Financial Specialist or an Invest-by-Phone advisor, depending on your total assets.

The total account holdings under one RBC Investment Advantage umbrella need to equal $250,000 or more. If only one person is investing under the RBC Investment Advantage umbrella, that person’s investible assets must equal $250,000 or more. If more than one family member will be investing under the RBC Investment Advantage umbrella, each person can invest less, as long as the total, combined balance is at least $250,000.

Contributions

At this time, third-party funds cannot be held within the RBC Investment Advantage; these would need to be transferred in as cash.

Fees

RBC Investment Advantage clients are charged a fee based on the total value of assets in each family grouping account (or for the individual account, if just one person is investing) for ongoing access, advice and service that Royal Mutual Funds Inc. provides.

Account fee rates are based on the average daily balances of all accounts within the family grouping and are charged at month-end based on a tiered fee rate schedule that declines as asset balances grow, up to the maximum threshold. Fees are deducted directly from the cash component of the RBC Investment Advantage on the last business day of each month. If there is not enough money in the cash account when fees and applicable taxes are to be collected, automatic redemptions will be conducted according to a pre-determined schedule.

Series A mutual funds include a trailing commission. The trailing commission is paid to your investment dealer for access, service and advice. It is included in the Management Expense Ratio (MER) of the fund itself. The funds held in the RBC Investment Advantage do not include a trailing commission.