Develop deeper, longer-lasting relationships with your clients by offering them trust services to help preserve and transfer wealth.
RBC Clearing & Custody works with established trust companies, tapping into their unique organizational strengths. This allows us to deliver a full range of professional trustee services.
The trust companies we work with can administer all types of trusts, including revocable, irrevocable and charitable, among others. These strategic providers cover U.S. domestic and international trusts and personal and institutional trusts. Trusts can hold all types of assets, such as financial, real estate or personal property in multiple jurisdictions nationwide.
RBC trust consultants can help financial professionals identify the unique trust needs of clients and match them with the most appropriate service provider. Following is a brief description of our professional trustee services providers.
Charitably inclined clients may choose a donor advised fund to accomplish philanthropic and tax management goals. Compared to a private foundation, a donor advised fund has no individual startup costs, no annual distribution requirements, no excise taxes, no public records and there may be potential for greater income tax deductions.
We offer a choice of two donor advised funds from leading providers. Both offer your clients an easy way to make significant gifts over a long period of time—while enjoying significant tax advantages.
Professional trustee services are offered to clients by different entities including RBC Trust Company (Delaware) Limited (RBC Trust), City National Bank, Comerica Bank & Trust, N.A., TCA TrustCorp America which may serve as trustee. RBC Capital Markets, LLC, is a subsidiary of Royal Bank of Canada (RBC). RBC owns a non-controlling interest in TCA TrustCorp America. RBC Trust is a division of RBC. City National Bank is an affiliate of RBC Capital Markets, LLC and a wholly-owned indirect subsidiary of RBC. RBC and City National Bank do not provide tax or legal advice. All decisions regarding the tax or legal implications of your investments should be made in connection with your independent tax or legal advisor.
Banking products and services are offered or issued by City National Bank, an affiliate of RBC and are subject to City National Bank’s terms and conditions. Products and services offered through City National Bank are not insured by SIPC. City National Bank is a wholly owned subsidiary of the Royal Bank of Canada.
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Provide clients with financial flexibility and strategic portfolio liquidity—without selling assets or disrupting their long-term investment strategies.
Access a broad range of fee-based account structures and qualified money managers suited for your clients’ goals and your advisory business.
Attract and retain clients with a broad range of convenient cash management tools as well as cash sweep options for uninvested cash.