New feature gives long-term investors insight into portfolio strategies
developed by RBC Asset Management -- Canada's leading asset manager
TORONTO, Aug. 21 /CNW/ - Do-it-yourself investors at RBC Direct Investing
now have access to a new feature that makes it easier for them to create a
personal investment portfolio that best suits their risk profile. The new
Model Portfolios feature enables investors to choose among pre-selected
investment portfolios offering a range of conservative to aggressive growth
solutions. Investors can browse the model portfolios for ideas, purchase
mutual funds that appeal to them, or incorporate an entire model portfolio
into their own investment portfolio.
The risk profiles and asset allocations carefully follow strategies
prepared by the industry's top ranking wealth management advisors, RBC Asset
Management. Product solutions are selected by advisors at RBC Asset
Management, the RBC Mutual Fund Research Team and RBC Dominion Securities.
"We're always looking for ways to improve our service and this latest
enhancement recognizes investors who want the best tools and resources to meet
their long-term financial planning needs," said Doug Coulter, president and
CEO, RBC Direct Investing. "We're pleased to be able to offer this new feature
to our clients as it will make it easier for them to build and diversify their
individual investment portfolios."
"Asset mix recommendations continue to add significant value to investor
strategies in building wealth," added Brenda Vince, president, RBC Asset
Management. "Working with our partners in RBC Direct Investing, we can now
provide clients with RBC Asset Management's most up-to-date thinking through
the new Model Portfolios."
The Model Portfolios feature is accessible to clients on the Market
Insight page under the Markets tab on the RBC Direct Investing site. Funds
used to build the model portfolios include funds from RBC Asset Management and
Phillips, Hager & North which received the Lipper Awards for "Best Overall
Fund Group" and "Best Bond Family" in Canada respectively for the second
consecutive year in 2008. Investors can also include funds from other leading
third-party mutual fund companies such as CI Investments, Fidelity
Investments, Franklin Templeton Investments and Invesco Trimark Investments.
The Model Portfolios include Series D versions of RBC Funds, where possible.
Series D is a new RBC mutual fund purchase option with lower MERs designed for
the self-directed investor and available exclusively to RBC Direct Investing
RBC Direct Investing will also be offering Exchange Traded Funds (ETF)
Model Portfolios prepared by the RBC Dominion Securities Portfolio Advisory
Group later this year.
The risk profiles established by RBC Asset Management include the
following models: Conservative, for investors seeking modest income and modest
capital growth with reasonable capital preservation; Balanced, for investors
focused on balancing long term capital growth and capital preservation with a
secondary focus on modest income; Growth, for portfolios offering long term
growth over capital preservation and regular income; Aggressive, offering
solutions for long term growth over capital preservation and regular income.
About RBC Direct Investing
RBC Direct Investing, one of Canada's leading discount brokers, is a
wholly owned subsidiary of Royal Bank of Canada, providing leading-edge tools
and resources for investors who prefer to manage all or a portion of their
investment portfolio. Clients have access to their investments 24/7 online or
by phone and can choose from a broad range of investment products including
stocks, bonds, GICs, T-bills and over 2,500 mutual funds. Clients can qualify
for trade commissions as low as $6.95 flat
(www.rbcdirectinvesting.com/lowtrades) and have exclusive access to over 40
Series D RBC Funds across a variety of asset classes with lower management
fees starting from 0.68 per cent (www.rbcdirectinvesting.com/seriesd).
Independent rating agency, Dalbar Inc. selected RBC Direct Investing for its
2007 Direct Brokerage Service Award, rating it number No.1 overall for
customer service among discount brokers in Canada, a trend continued in the
first two quarters of 2008. Visit our website at www.rbcdirectinvesting.com.
For further information:
For further information: Media contact: Jackie Braden, Manager RBC Media
Relations, (416) 974-2124