RBC Launches Advisory Program

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RBC Dain Rauscher launched a fee-based non-discretionary managed account program, dubbed RBC Advisor, last month at its annual symposium in St Louis, Minn. In the following weeks, product teams and managers will speak at various branches to describe the platform, part of the firm's Fund Advisory Service, said Ann Senne, recently named director of Investment Consulting Services.

This article appears courtesy of Institutional Investor
Source: Private Asset Management

RBC Dain Rauscher launched a fee-based non-discretionary managed account program, dubbed RBC Advisor, last month at its annual symposium in St Louis, Minn. In the following weeks, product teams and managers will speak at various branches to describe the platform, part of the firm's Fund Advisory Service, said Ann Senne, recently named director of Investment Consulting Services.

Investments available through RBC Advisor include equities, fixed income, mutual funds, exchanged traded funds, option strategies and alternative investments. Fees are based on assets under management, investments and advisory services, said Senne, declining more specifics. Senne, who for the last two years was a senior product manager, is replacing Erik Preus, who has become coo of Voyager Asset Management, an affiliate of RBC. She has been with the Investment Consulting Services department for eight years and is now responsible for product development and the team which researches separately managed accounts, alternative investments and mutual funds.