Leaside Branch - Estate solutions

Building sound financial management skills

The RBC Wealth Management Financial Literacy Program

At RBC Wealth Management, we recognize the importance of helping to build financial literacy among our clients and their families. Formal financial education, when combined with sound advice and practical learning, can help set the stage for a lifetime of informed and confident financial decision- making for you and your family.

Financial education for everyone

When it comes to financial education, it’s never too late or too early to start. Whether it’s understanding the basics of earnings, budgeting or credit; tax considerations when leveraging registered and non- registered accounts; the benefits of wealth planning; or the ins and outs of transferring wealth, all members of your family will benefit from building sound financial management skills.

Do you (or your spouse) always take the lead when it comes to managing family finances? Consider the importance of ensuring both of you are financially educated – a time may come when one of you will be making major financial decisions on your own.

Have you (or your parents) recently entered a new financial stage in life? Maybe there is an opportunity to become more educated around investing and planning strategies, such as estate planning and philanthropic giving.

Do you have children or grandchildren who lack money management skills? Engaging the right subject matter experts to help build their financial skills can offer numerous financial benefits over the long term.

How our financial literacy program can help

With a focus on the needs of multi- generational families, now and into the future, the financial literacy program is designed to provide the resources and tools necessary to build financial independence and confidence. Guided by advisors and their extended teams, the program is comprised of four main areas:

Earnings and savings
Wealth planning basics
Investing
Advanced planning

Each of these areas of focus contains a set of learning modules, case studies and practical exercises that help to address key topics, questions and aspects of money management. Through this structure, the program maximizes learning by helping individuals apply the lessons and information to real-life situations and scenarios.

Whether you have adult children building their wealth, grandchildren just starting to earn and save or you’re well into your retirement years, financial education is an important part of the journey to create financial peace of mind.

A practical, comprehensive 20 module learning program

If you, or someone you know, could benefit from financial education, please contact us today.

This document has been prepared for use by the RBC Wealth Management member companies, RBC Dominion Securities Inc.*, RBC Phillips, Hager & North Investment Counsel Inc., Royal Trust Corporation of Canada and The Royal Trust Company (collectively, the “Companies”) and certain divisions of the Royal Bank of Canada. *Member-Canadian Investor Protection Fund. Each of the Companies and the Royal Bank of Canada are separate corporate entities which are affiliated. ® / TM Trademark(s) of Royal Bank of Canada. Used under licence. ©Royal Bank of Canada 2018. All rights reserved.

Supplementary Material

Educational Fact Sheets

Find out more about key financial literacy concepts, and set the stage for learning with these handy quick-reference fact sheets.

Module #1 - Budgeting

Module #2 - Income and Taxation

Module #3 - Banking Services

Module #4 - Understanding Interest

Module #5 - Credit

Module #6 - Types of Accounts

Module #7 - The benefits of proper planning

Module #8 - Wealth stage plans

Module #9 - Financial documentation

Module #10 - Asset classes

Module #11 - Financial markets and investment vehicles

Module #12 - Investment risk and diversification

Taking a Generational Approach: An Age-Specific Tip Sheet

This guidebook offers practical tips and ideas for helping kids, teens and young adults build money smarts and develop sound financial management skills.