RBC Direct Investing

Canadians eagerly adopting new First Home Savings Account (FHSA) to save and invest for their down payment - "phenomenal early uptake," says RBC

Retrieved on: 
Thursday, August 3, 2023
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"Since our April launch, tens of thousands of RBC FHSAs have been opened by Canadians – phenomenal early uptake of this innovative way to save and invest for a first home."

Key Points: 
  • "Since our April launch, tens of thousands of RBC FHSAs have been opened by Canadians – phenomenal early uptake of this innovative way to save and invest for a first home."
  • Available through RBC Direct Investing and RBC InvestEase, RBC FHSAs can be opened digitally through either of these online investment services and through RBC Online Banking.
  • To check out RBC FHSA options, more information is available at www.rbc.com/firsthome or by visiting any RBC branch to have a conversation with an advisor.
  • RBC Direct Investing: A self-managed, easy to use digital investing platform that enables you to trade when and how you want.

Home advantage: RBC launches Canada's newest savings and investing account for prospective home buyers

Retrieved on: 
Thursday, April 20, 2023
Online, RBC, ETF, RBC Direct Investing, RESP, RRSP, Calendar, Social insurance, Research, Global Industry Classification Standard, First-time home buyer grant, TFSA, Registered retirement savings plan, Investment, Free Legal Advice Centres, Savings account, Knowledge, Nielsen, Owner-occupancy, ESG, HBP, Life insurance, Security (finance), Real estate, Financial adviser

RBC is now making FHSAs available through RBC Direct Investing and RBC InvestEase.

Key Points: 
  • RBC is now making FHSAs available through RBC Direct Investing and RBC InvestEase.
  • FHSAs can be opened digitally at either of these RBC online investment services and through RBC Online Banking or by speaking with a financial advisor at an RBC branch.
  • "This new savings and investing account will be a tremendous support to anyone who has that dream."
  • FHSA funds can be combined with RRSP's Home Buyer's Plan (HBP) savings, to put toward the purchase of a qualifying home.

TradeZero Appoints Orion Szathmary CEO of TradeZero Canada Securities ULC

Retrieved on: 
Monday, November 14, 2022
RBC Direct Investing, Technology, New York Stock Exchange, NYSE Arca, NYSE American, Entrepreneurship, Industry, Locator, RBC, Orion, CEO, Management, Financial services, Nasdaq

BROOKLYN, N.Y.and OAKVILLE, Ontario, Nov. 14, 2022 /PRNewswire/ -- TradeZero Holding Corp ., which operates broker-dealer subsidiaries that provide next-generation online trading platforms for active retail traders, announced that Orion Szathmary has been appointed as CEO of TradeZero Canada Securities ULC .

Key Points: 
  • BROOKLYN, N.Y.and OAKVILLE, Ontario, Nov. 14, 2022 /PRNewswire/ -- TradeZero Holding Corp ., which operates broker-dealer subsidiaries that provide next-generation online trading platforms for active retail traders, announced that Orion Szathmary has been appointed as CEO of TradeZero Canada Securities ULC .
  • "Orion brings to TradeZero a comprehensive breadth of experience and expertise in the sector that will make an immediate impact on our operations and growth initiatives going forward.
  • We are excited to welcome him to the TradeZero Canada team," said Dan Pipitone, TradeZero Holding's CEO and Co-Founder.
  • TradeZero Holding Corp. owns TradeZero, Inc., a Nassau, Bahamas based broker-dealer serving international clients since 2015, TradeZero America, Inc., a U.S. broker-dealer serving U.S. clients since 2019, and TradeZero Canada Securities ULC, a Canadian broker-dealer that launched in 2022.

Young adults more engaged in their finances than parents think: RBC poll

Retrieved on: 
Thursday, October 27, 2022
McGill, Opinion, Mental health, RBC, Goal, Learning, Parent, Globe, Probability, Royal Bank of Canada, Instagram, Population, Income, Knowledge, The Globe and Mail, Language, RBC Direct Investing, Data collection, Friends, Child, Entrepreneurship, Social media, Real Life, TikTok, Adult, Athlete, Toy, Bank, Census

The survey findings also revealed that young adults identify different challenges than those faced by their parents' generation.

Key Points: 
  • The survey findings also revealed that young adults identify different challenges than those faced by their parents' generation.
  • Even though these challenges are outside their control, young adults are finding ways to work with their realities.
  • Parents had much lower expectations, with 44 per cent and 35 per cent, respectively, who believed their child would take these entrepreneurial routes.
  • Through RBC Future Launch young adults can leverage resources to grow their network, skills, experience and enhance their mental health.

Investor Alert: Ontario Invest

Retrieved on: 
Thursday, March 24, 2022
Investment Industry Regulatory Organization of Canada, Fraud, RBC Direct Investing, Financial adviser, IIROC

TORONTO, March 24, 2022 /CNW/ - The Investment Industry Regulatory Organization of Canada (IIROC) is warning Canadian investors not to be fooled by Ontario Invest.

Key Points: 
  • TORONTO, March 24, 2022 /CNW/ - The Investment Industry Regulatory Organization of Canada (IIROC) is warning Canadian investors not to be fooled by Ontario Invest.
  • Through their website https://ontarioinvest.com , Ontario Invest falsely claims to be an IIROC-regulated crypto-asset management and investment company and a registered representative of RBC Direct Investing Inc. Ontario Invest is not an IIROC-regulated investment dealer and not associated with RBC Direct Investing Inc or any other IIROC-regulated firm.
  • IIROC-regulated investment firms and individuals must meet our high standards and deal fairly, honestly and in good faith with Canadian investors.
  • IIROC also does not play a role in approving withdrawals from investor accounts.

Mawer Mutual Funds Now Available Through RBC Direct Investing

Retrieved on: 
Wednesday, March 9, 2022
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CALGARY, Alberta, March 09, 2022 (GLOBE NEWSWIRE) -- Mawer Investment Management Ltd. (Mawer) announced today that units in all eligible Series A Mawer mutual funds are now available for investors to purchase through RBC Direct Investing , the brokerage division of the Royal Bank of Canada.

Key Points: 
  • CALGARY, Alberta, March 09, 2022 (GLOBE NEWSWIRE) -- Mawer Investment Management Ltd. (Mawer) announced today that units in all eligible Series A Mawer mutual funds are now available for investors to purchase through RBC Direct Investing , the brokerage division of the Royal Bank of Canada.
  • Mawer Mutual Funds (Mawer Funds) are designed to meet a wide variety of investment needs and risk profiles.
  • The management expense ratios (MERs) on the Mawer Funds are also amongst the lowest for actively managed mutual funds in Canada.1
    We are very pleased to announce the availability of thirteen Mawer Mutual Funds on the RBC Direct Investing platform, says Craig Senyk, Mawer President and Vice Chair.
  • The Mawer Mutual Funds are managed by Mawer Investment Management Ltd. Mutual fund securities are not covered by the Canada Deposit Insurance Corporation or by any other government deposit insurer.

Young investors set the record straight in RBC Direct Investing Insights Poll

Retrieved on: 
Tuesday, February 22, 2022
RBC Direct Investing, Ageing, DIY, COVID-19, Parent, Goal, Fundamental analysis, CEO, Research, Real value, Darlington, RBC, Security (finance)

TORONTO, Feb. 22, 2022 /CNW/ -Young investors want to set the record straight.

Key Points: 
  • TORONTO, Feb. 22, 2022 /CNW/ -Young investors want to set the record straight.
  • In fact, according to the 2022 RBC Direct Investing Young Investor Insights Poll, nearly one-half (48%) of DIY investors in this age group started during the pandemic.
  • "When so many young Canadians joined the ranks of self-directed investors, a number of misconceptions followed them," notes Lori Darlington, President & CEO of RBC Direct Investing.
  • For more information about RBC Direct Investing, Inspired Investor and Investing Academy, please visit https://www.rbcdirectinvesting.com .

Leading innovation for self-directed investors: RBC Direct Investing launches customizable, web-based Trading Dashboard, free for all clients

Retrieved on: 
Friday, June 25, 2021
Software, RBC Direct Investing, Royal Bank of Canada, Dashboard, Financial services, Finance

TORONTO, June 25, 2021 /CNW/ -RBC Direct Investing is leading Canadian bank-owned online brokerages with its latest innovation for self-directed investors: the launch today of a customizable, web-based Trading Dashboard, available free to all its clients.

Key Points: 
  • TORONTO, June 25, 2021 /CNW/ -RBC Direct Investing is leading Canadian bank-owned online brokerages with its latest innovation for self-directed investors: the launch today of a customizable, web-based Trading Dashboard, available free to all its clients.
  • This dynamic Trading Dashboard elevates the trading experience for self-directed investors, making it easier to monitor and trade with confidence.
  • The Trading Dashboard is the latest value-add for RBC Direct Investing, as it continues to build upon its self-serve options to bring investors a superior investing experience.
  • RBC Direct Investing also provides clients with a choice among three powerful trading platforms: the online investing site; the web-based Trading Dashboard; and there-imagined Mobile experience for investors who increasingly rely on their mobile devices to keep on top of ever-changing markets.

RBC Direct Investing launches no cost, real-time streaming quotes for all

Retrieved on: 
Wednesday, December 18, 2019
Finance, Money, Economy, Financial markets, RBC Direct Investing, Royal Bank of Canada, Share trading, Investment

"We've moved clients even closer to the trading floor, all from the convenience of their online account," says John Bai, President & CEO, RBC Direct Investing.

Key Points: 
  • "We've moved clients even closer to the trading floor, all from the convenience of their online account," says John Bai, President & CEO, RBC Direct Investing.
  • Our real-time quotes are automatically integrated into the service we provide for all our clients.
  • With real-time streaming quotes, investors receive automatic access to bid/ask quotes and see the current price before they buy or sell.
  • RBC Direct Investing is a member of the Canadian Investor Protection Fund.

Class actions filed on behalf of investors in RBC/PH&N, BMO and National Bank mutual funds held through discount brokers

Retrieved on: 
Monday, February 4, 2019
Finance, Money, Economy, Financial services, Toronto–Dominion Bank, Royal Bank of Canada, Brokerage firms, Canadian Imperial Bank of Commerce, Investing online, TD Waterhouse, Discount brokerage, RBC Direct Investing

announce that three proposed class actions have been filed regarding trailing commissions paid to online/discount brokers on RBC/PH&N, BMO and National Bank mutual funds.

Key Points: 
  • announce that three proposed class actions have been filed regarding trailing commissions paid to online/discount brokers on RBC/PH&N, BMO and National Bank mutual funds.
  • Discount brokers include, among others, CIBC Investor's Edge, BMO InvestorLine, RBC Direct Investing, Scotia iTRADE, TD Direct Investing, National Bank Direct Brokerage, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, Qtrade Investor and Virtual Brokers.
  • previously filed proposed class actions regarding trailing commissions paid to online/discount brokers on TD, Scotia/Dynamic, CIBC and Mackenzie mutual funds.
  • continue to evaluate potential claims on behalf of individuals who held or hold mutual funds through a discount broker, including Renaissance mutual funds (which are part of the CIBC family of mutual funds).