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MyAdvisor Answers the What-ifs

Do you know how much you need to retire comfortably? If you don’t know, you are not alone. In fact, 56% of Canadians are worried about not having enough money saved up for retirement1. With MyAdvisor, you can help solve this question and more, including:

  • How am I tracking to my retirement goals?
  • How soon could I retire if I contributed more?
  • How can I get from 75% to 100% of my savings goal?
  • Could I have my dream retirement if I worked longer?

How MyAdvisor Can Help You Reach Your Goal

Quickly see how you’re doing with powerful visuals and forecasts of your goals, net worth and cash flow.

Have savings and investments outside of RBC? MyAdvisor lets you quickly link them for a complete and always up-to-date look at your money.

Meet with a live advisor through video chat, by phone or in person to review your retirement plan, talk strategy or to simply ask a question.

Want to act on a recommendation from your advisor or make a change? Simply sign into RBC Online Banking to update MyAdvisor.

Progress alerts let you know whether you need to adjust the amount you are saving in order to reach your retirement goal.

In minutes, you’ll have an 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

What Our Clients are Saying…

Top MyAdvisor FAQs

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. You will also need to be enrolled in RBC Online Banking.

Not at all! MyAdvisor is designed to make the process of planning and meeting your retirement goals very simple. You just need to share some information about yourself, your finances and your goals.

We’ll help you understand the numbers—how much money you have and what you need to be saving—and you decide the goals you want to reach. Above all, don’t worry. An advisor will help you when you need it.

Absolutely! Getting started is easy, but some people like having someone walk them through the steps in person. Just book an appointment at a branch near you and have the following information handy:

  • Your RBC account numbers
  • Your login and password for RBC Online Banking
  • Statements or account numbers for accounts and investments you have at other financial institutions that you want to view within MyAdvisor
  • Your email address

You can also get started over the phone by calling 1-800-769-2511

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.

Great! MyAdvisor is currently available to active RBC clients only. We can help you get started. The first step is to book an appointment or call us at 1-800-769-2511.

Getting started with MyAdvisor takes 10 minutes or less! We will guide you through a series of simple questions. Here’s an overview:

  • Sign in to RBC Online Banking.
    Not yet enrolled? Enrol Now.
  • Choose the goal(s) you want to save for. (You can select more than one goal if you are saving for milestones or expenses in addition to your retirement.)
  • Answer a few questions about your retirement, such as when you want to retire and the lifestyle you picture.
  • Choose the RBC accounts (TFSA, RRSP, etc.) you want to see in MyAdvisor. (You can also do this later.)
  • Tell us a few details about your spouse/partner, income and expenses, so we can give you an accurate view of your money.
  • Confirm your email address. (MyAdvisor will send progress alerts to this email to keep you on track towards your goal(s).)
  • Answer a few questions about your investing thoughts and preferences. (An advisor will review and confirm your responses with you later.)
  • Book your appointment with an advisor. (You can also wait on this step.)
  • From the Welcome page, click “Build your plan”.

You now have access to the MyAdvisor dashboard where you can see your goal(s), net worth, cash flow and recommendations!

Your RBC accounts will automatically pull in to MyAdvisor and adding outside accounts is a snap. All you need to add a non-RBC account is your username or access card, account password, the type of account and a few other details.

You can add chequing and savings accounts, registered plans (such as RRSPs and TFSAs), non-registered investments, mortgage balances, loans and other accounts you hold at these financial institutions and more:

  • TD Canada Trust
  • CIBC
  • BMO
  • Scotiabank
  • Fidelity
  • SunLife Financial
  • Tangerine
  • Desjardins
  • National Bank
  • Investors Group

Think of MyAdvisor as another member of your financial team. You’ll have easy access to online tools that track and forecast your progress and you can contact an advisor for guidance and recommendations whenever you need to at no additional cost.

I’m Ready to Try MyAdvisor

Financial planning services and investment advice are provided by Royal Mutual Funds Inc. (RMFI). RMFI, RBC Global Asset Management Inc., Royal Bank of Canada, Royal Trust Corporation of Canada and The Royal Trust Company are separate corporate entities which are affiliated. RMFI is licensed as a financial services firm in the province of Quebec.
The content of this publication is provided for informational purposes only and is not intended to provide specific financial, investment, tax, legal, accounting or other advice for you, and should not be relied upon in that regard. All charts, illustrations, examples, case studies and other demonstrative content are general and have been provided in this publication for illustrative purposes only. The case studies included do not represent actual events or real individuals. While efforts are made to ensure the accuracy and completeness of the information at the time of publication, errors and omissions may occur. Readers should consult their own professional advisors when planning to implement a strategy. This will ensure that individual circumstances have been considered properly and that action is taken on the latest available information. Interest rates, market conditions, tax and legal rules and other investment factors are subject to change.
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