Self-directed 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.
RBC Direct says 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 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 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,” says Doug Coulter, president and CEO, RBC Direct Investing.
Funds used to build the model portfolios include funds from RBC Asset Management and Phillips, Hager & North. 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 clients.
RBC Direct Investing will also be offering exchange traded funds 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.
Discount broker RBC Direct Investing is a wholly owned subsidiary of Royal Bank of Canada.
RBC Direct Investing expands offering with Model Portfolios
Pre-selected investment portfolios developed by RBC Asset Management
- By: IE Staff
- August 21, 2008 August 21, 2008
- 09:50