Do you know how much you need to retire comfortably? If you don’t know, you are not alone. In fact, a large majority of not-yet-retired Canadians (83%) say they've saved less than they think they'll need for retirement2. With MyAdvisor, we can help solve this question and more, including:
Whether you are near retirement, or already in retirement, see how you’re tracking with visuals of your goals, net worth and your retirement inflows and outflows over time.
Assess where you stand against your retirement goals by linking any additional accounts to create your full financial picture3.
Meet with an advisor through video chat, by phone or in person to review your retirement goal, preferred retirement lifestyle and projections. They can walk you through a multi-year projection, so you can understand how different sources of income, taxes, expenses and inflation could shape your retirement.
Want to act on a recommendation from your advisor or make a change? Simply sign into RBC Online Banking to update MyAdvisor or book a check-in today.
Progress alerts let you know whether you need to adjust the amount you are saving in order to reach your retirement goal and advise you when you are at risk of moving off track.
In minutes, you’ll have a better idea of where you stand, see recommendations to help you grow your savings, and be able to book a one-on-one with an advisor.Get Started
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Yes, MyAdvisor is available exclusively to RBC clients. You will need to have an RBC product—such as a chequing or savings account, an investment, etc. to activate your personalized plan.
If you are not an RBC client but want to use MyAdvisor, we can help you get started. The first step is to book an appointment at a branch near you or call us at 1-844-248-0558 to help find the services that are right for you.
Not at all! MyAdvisor is designed to make the process of monitoring and reaching your goals very simple. You just need to share some information about yourself, your finances and your goals.
We will help you understand the numbers—how much money you have and what you need to be saving—to help you reach your goals.
Get a personalized plan with MyAdvisor—it only takes a few minutes! We will guide you through a series of simple questions. Here’s an overview:
And you’re done! You now have access to the MyAdvisor dashboard where you can adjust your plan, review your goals and monitor your progress any time.
Absolutely! Getting started is easy, but if you prefer having an Advisor walk you through the steps, you can book an appointment at a branch near you or you get started over the phone by calling 1-844-248-0558.
There is no additional cost to use MyAdvisor. Some investments you hold may have certain fees and expenses (such as mutual funds), but there is no extra fee to use MyAdvisor.
Your RBC accounts will automatically connect to MyAdvisor and adding accounts outside RBC is a snap. You can add chequing and savings accounts, registered plans (such as RRSPs and TFSAs), non-registered investments, mortgage balances, loans and other accounts outside RBC.
Just link your non-RBC accounts (linking is easy and no transactions are initiated) or manually add account information to get a more complete view of your money.
Think of MyAdvisor as another member of your financial team. You will have easy access to MyAdvisor to track and forecast your progress. You can also connect and work with an advisor for guidance and recommendations whenever you need to at no additional cost.
Below are quick steps to get started:
Answer a few questions to build a plan for your retirement goal. You can also connect your non RBC savings and investments to see them all in one place.
Once you’re set up, book a complimentary financial review with a live advisor, in person or over the phone to discuss your savings goal in detail.
For a private consultation, or for help designing your retirement plan, please complete the information required below:
I understand I am under no obligation and RBC Royal Bank and/or Royal Mutual Funds Inc. (RMFI) will contact me using the information provided only in relation to financial and retirement planning. RBC Royal Bank and its affiliates are committed to keeping your personal information confidential. All RBC Royal Bank and RMFI employees are required to maintain the confidentiality of client information at all times.