myGPSTM  - your Goals, Priorities, Solutions

Have you ever wondered what your financial future looks like?

Most in the field of personal finance agree that financial planning is an essential part of keeping your finances on track. For many people, though, a full financial plan can be expensive, time-consuming to prepare, and generate complicated output not appropriate in all situations. Wouldn’t it be nice if there were a simpler way to get a holistic view of your changing wealth management needs and track progress towards meeting your future financial goals?

Wondering what your future looks like? myGPS™ provides an overview of your financial picture and how you are tracking to your short-term and long-term goals.

Introducing RBC Wealth Management’s myGPS™
myGPS™ offers a prioritized view of your financial goals and recommends solutions to help achieve your wealth management needs.

  • Goals: A wealth planning solution to identify and report on your goals
  • Priorities: An integrated approach that pulls everything financially important into one place, enabling you to define and prioritize your milestones
  • Solutions: An advice approach that helps identify opportunities and solutions on how to pursue those opportunities

myGPS™ isn’t a financial plan. Rather, it is a report on things you already know (for example, your income, the equity in your house, the current value of your investments, and your annual taxes and expenses) projected into the future based on a set of assumptions about what may happen in the future (for example, the expected average rate of inflation, your long term goals and how much you intend to spend in retirement).

Learn more about myGPS™ here. 

myGPS™ Report: Six key questions you want answered
myGPS™ provides an overview of your financial picture and how you are tracking to your short-term and long-term goals. Helping to provide financial peace of mind, myGPS™ helps answer six key questions that can easily keep you awake at night.

1. What does my current financial situation look like?

Current Net Worth & Current Cash Flow – myGPS™ provides consolidated summaries showing your incomes, savings, expenses, investments, real estate and debt – your critical financial information presented in one document.

2. If I live to be 90, will I have sufficient funds to maintain my current and/or desired lifestyle?

Projected Net Worth, Projected Income and Distribution & Projected Outflows – Based on the information provided, myGPS™ will project income, savings, taxes, expenses and the value of your assets into the future using a defined set of assumptions.

3. If I die tomorrow, will my family be sufficiently provided for financially?

Estate Impact Analysis and Life Insurance Analysis – Anticipating your future financial needs is a difficult task. Anticipating your family’s future financial needs should you or your spouse die unexpectedly, is an even more difficult task. myGPS™ can help you identify any potential financial shortfalls should an unexpected tragedy strike you or your family.

4. How does changing my financial assumptions impact my future financial situation?

Retirement Analysis – It’s impossible to know for certain what will happen tomorrow. To provide a financial projection, however, certain assumptions about what will happen in the economy have to be made. But what if some of those assumptions prove to be wrong? What if, for example, you were forced to retire early? Or perhaps you end up spending more in retirement. The myGPS™ Retirement Analysis allows you to independently change the assumptions you have made about the future to see how that change will affect your overall finances.

5. What can I do to ensure my financial goals and priorities become reality?

Wealth Management Opportunities – myGPS™ reports the key financial products, solutions and strategies, which are tailored to your financial situation and priorities, helping you to make the most of what you have – both now and in the future.

6. Could my business survive a major change or crisis?

Business Owner Opportunities – For business owners, the line between work and life is blurred. Business Owner Opportunities, outline solutions and strategies that can be pursued from the business side or from the personal side of your finances. The opportunities are tailored to your own situation and cover only those topics which apply to you, your business and your family – strategies designed to help keep you in control of your financial future.

Source: RBC Dominion Securities Inc., myGPS - Your Goals, Priorities and Solutions Factsheet

Insurance products are offered through RBC Wealth Management Financial Services Inc. (“RBC WMFS”), a subsidiary of RBC Dominion Securities Inc.* RBC WMFS is licensed as a financial services firm in the province of Quebec. RBC Dominion Securities Inc., RBC WMFS and Royal Bank of Canada are separate corporate entities which are affiliated. *Member-Canadian Investor Protection Fund. RBC Dominion Securities Inc. and RBC WMFS are member companies of RBC Wealth Management, a business segment of Royal Bank of Canada. ® / ™ Trademark(s) of Royal Bank of Canada. Used under licence. © 2020 RBC Dominion Securities Inc. All rights reserved.

Guided Portfolios

Enjoy a highly disciplined approach to equity investing with RBC Dominion Securities Guided Portfolios. With Guided Portfolios, you follow a highly disciplined RBC investment strategy process that guides your decisions to buy or sell individual equities.

Key features and benefits of Guided Portfolios:

  • Invest in our top-ranked stocks from various sectors of the economy
  • Benefit from sector weightings based on our most current investment outlook
  • Remove the guesswork and emotion from buying and selling individual equities

Designed to fit your needs and style

There are a wide range of Guided Portfolio to help meet different financial objectives, including growth-oriented Canadian, U.S. and global equity portfolios, as well as income-oriented Canadian and U.S. portfolios.

A Guided Portfolio could be ideal if you:

  • Want to follow a highly-disciplined investment approach with proven results
  • Want guidance with all your investment decisions, while retaining final decision-making authority

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The Advisor Account

 

For all your investment needs

 

The Advisor Account is a special type of investment account designed to complement our portfolio approach to investing. With the Advisor Account, you can plan, implement and make adjustments to your investment portfolio as needed. You work directly with a professional Investment Advisor, and you are backed by the strength, security and resources of RBC Dominion Securities Inc., Canada’s leading full-service investment firm.

Best of all, the Advisor Account offers the simplicity of paying one annual fee, rather than paying commissions on individual transactions. It’s ideal for investors who follow the portfolio approach and would prefer to focus on achieving their overall financial goals—and not on individual transaction costs.

With the Advisor Account, you have access to all the investment and financial services we
offer. Working in partnership with your Investment Advisor, you can take advantage of our portfolio planning and implementation skills, our investment research and strategy, plus our evaluation and monitoring tools—all for an asset-based price.

Partnership, investment process and convenience are just a few of the reasons why Canadian investors like you have chosen the Advisor Account.
 

The four-step Portfolio Approach

The basis of long-term, successful money management, the Portfolio Approach is predicated around creating a customized investment portfolio that reflects your investment needs throughout the various stages of your life.

There are four steps to the custom Portfolio Approach:

Step 1 : Understanding your needs and goals

Our first and most important job is to listen to you and understand your needs and dreams for the future. We will take the time to understand your specific investment goals, such as saving for retirement or financing a business, and the timeframes available to achieve them. In addition, we will consider your return expectations and tolerance for risk. This “discovery process” doesn't end here—as time passes, and your situation changes, we will work with you to ensure that your investment strategy remains current.

Step 2 : Creating your investment strategy

With an in-depth understanding of your personal situation, we are able to create your investment strategy. This provides the framework for managing your financial assets going forward. It clearly sets out your investment objectives, income needs, timeframes, asset mix guidelines, security selection criteria and review process. Your investment strategy helps keep your investment goals and preferences in clear focus. It also provides a benchmark for measuring the progress you're making towards achieving your goals.

Step 3 : Building your custom-designed portfolio

Once you've approved your investment strategy, we can structure your personal portfolio.

In building a personalized investment portfolio for you, we select from a universe of international investments. This includes:

  • Investments for growth, such as Canadian, U.S. and international stocks
  • Investments for income, including government and corporate bonds
  • Investments for wealth preservation, including guaranteed investments

We also have access to leading-edge investment strategy and research provided by the RBC Investment Strategy Committee, RBC Capital Markets and third-party, independent firms.

You will have a diversified portfolio that conforms to the guidelines and direction you set in advance. This process means you will receive specific, appropriate investment recommendations, and each recommendation will be clear and well thought-out.

Step 4 : Managing your portfolio

The last step in the process is to monitor your progress towards your continued success. We will review your portfolio with you on a regular basis, and recommend appropriate changes to keep you on track. You will also receive detailed account statements, portfolio review statements, transaction updates and tax reports.

For more information, please contact us today.

With features such as built-in diversification, professional management, liquidity and more, it’s no wonder so many Canadians own mutual funds. With thousands of mutual funds available in Canada, however, it can be a challenge to sort through all the options. At RBC Dominion Securities, we specialize in matching the right mutual funds to your needs and objectives.

Wide selection of mutual funds:

  • Canadian and global equity funds
  • Fixed-income funds
  • Balanced funds
  • Money market funds
  • Index funds
  • Specialty funds

Top-level expertise

Our mutual fund analysts conduct comprehensive analysis on numerous mutual funds, including all the available funds in Canada, in order to arrive at a short-list of recommended funds.

Personal advice

We can recommend the best combination of funds for your portfolio — freeing you from the guesswork of finding the right mutual funds on your own.

Mutual funds could be ideal if you:

  • Want an easy way to diversify your overall investment portfolio
  • Want the convenience of building your financial future with professionally managed investments
  • Need easy access to your money

Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the fund facts and prospectus before investing. Mutual funds are not guaranteed, their values may change frequently and past performance may not be repeated.

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