About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

RBC Wealth Management US Selects Broadridge Platform for Technology Transformation

Subscribe to our newsletter

RBC Wealth Management-U.S. has selected Broadridge Financial Solutions wealth management platform to power its growing US business. The selection is part of a multi-year technology transformation at the wealth management firm and is the latest in a series of investments in tools and services. The firm will also migrate to Broadridge’s next-generation asset servicing platform. Among the other tools already integrated are Salesforce and Addepar.

In the US, RBC Wealth Management operates as a division of RBC Capital Markets. It has $500 billion in total client assets with more than 2,000 financial advisors operating in 180 locations across 42 states.

“We’ve been on a multi-year journey to digitise our business and drive value not only for our clients, but for our advisors. The end goal is a modernised platform that is competitive in the market, innovative, flexible and scalable yet provides a best-in-class, simple and intuitive client experience,” says Michael Armstrong, CEO of RBC Wealth Management-U.S. “The Broadridge wealth management platform enhances the capabilities we’ve recently added with other Fintech solutions and will enable us to increase advisor productivity, enhance our client experience, and grow our business in the US with a scalable, cost-efficient service model.”

The Broadridge platform uses an open architecture and is powered by APIs and microservices that facilitate connectivity to a client’s proprietary and third-party applications. It includes a modernised advisor desktop and customisable tool set. Key advisory features include performance reporting, managed accounts support and sleeve accounting, multi-market order management and trade routing, and full back-office functionality that handles multi-currency, global clearance and settlement, asset servicing, and integrated workflow across the enterprise to accelerate client onboarding and other functions.

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: Best practices for data lineage and metadata management to support evolving data operations

Data lineage is key to tracking data from source to consumption and any changes to the data along the way. Metadata management provides governance and control, ensuring high quality, consistent and accurate data across a financial institution. It can be used at all levels of an organisation from the C-suite to data stewards, analysts and...

BLOG

Bloomberg Employs ML and Industry-Implied Models to Increase Carbon Emissions Data

Bloomberg has increased its carbon emissions dataset to cover 100,000 companies. The dataset consists of company reported carbon data and estimates based on either a machine learning smart model or Bloomberg’s newly developed industry-implied model accompanied by a Partnership for Carbon Accounting Financials (PCAF) reliability score. “Greater precision in Scope 1, 2 and 3 carbon...

EVENT

ESG Data & Tech Summit London

The ESG Data & Tech Summit will explore challenges around assembling and evaluating ESG data for reporting and the impact of regulatory measures and industry collaboration on transparency and standardisation efforts. Expert speakers will address how the evolving market infrastructure is developing and the role of new technologies and alternative data in improving insight and filling data gaps.

GUIDE

Regulatory Data Handbook 2022/2023 – Tenth Edition

Welcome to the tenth edition of A-Team Group’s Regulatory Data Handbook, a publication that has tracked new regulations, amendments, implementation and data management requirements as regulatory change has impacted global capital markets participants over the past 10 years. This edition of the handbook includes new regulations and highlights some of the major regulatory interventions challenging...