RBC Private Counsel (USA) offers discretionary investment management services to individuals, families, personal holding companies, and trusts. They offer three wrap fee programs: A+ Program, Access Manager Selection Program, and Private Investment Management Program (PIM). Investment Advisors or Investment Counsellors provide investment advice and communicate with clients regularly. RBC Private Counsel (USA) uses affiliated companies for some services.
Fee Structure
RBC Private Counsel (USA) offers three investment management programs, each with a maximum fee of 2.75% per year. The fees include trade execution and custodial services. The A+ and Access programs also include compensation to sub-advisors or investment managers. The Private Investment Management (PIM) program is managed directly by an Investment Counsellor. Fees are calculated based on the daily market value of assets and charged monthly or quarterly. An early termination fee may apply to the PIM program if the relationship ends within the first year.