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Royal Bank of Canada
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=== Wealth Management === RBC’s Wealth Management business is a global business serving HNW and UHNW clients across key financial centres. Lines of businesses include Canadian Wealth Management, US Wealth Management, Global Asset Management, and International Wealth Management. [[File:AUM.png|thumb|370x370px|[[File:AUM and AUA.png|thumb|342x342px]]]]'''KPIs:''' * 6,100 client-facing advisors * >CAD 55 billion AUA net flows * CAD 1.33 BB assets under administration * CAD 992 BB assets under management '''Revenue Share FY22''' * Canadian Wealth Management increased by 10% YoY primarily driven by higher average fee-based client assets, largely driven by net sales and higher interest income from higher interest rates. FY22 total revenue stands at CAD 4.38 BB. * US Wealth Management business increased by 18% from FY21 and revenue increased by 14%, primarily due to higher net interest income driven by average volume growth of 14% in loans and 9% in deposits as well as higher interest rates, which also drove higher revenue from sweep deposits. * The revenue for Global Asset Management decreased by 2%, largely due to changes in the fair value of seed capital investments, the impact of foreign exchange translation as well as lower performance fees. * International Wealth Management revenue is up significantly increasing by CAD 84 MM or 25% from FY21, primarily due to higher interest rates and higher spreads.
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