Banking advisor rbc reddit. Look for an accountant for tax advice, or a .

Banking advisor rbc reddit The only reason I would leave is Thanks for the response. Do you yourself with Questrade, and Vanguard Target date funds and you’ll save a huge percentage over time. My initial preferences in full-time roles were commerical banking, corporate banking, and private banking (high pay, solid WLB). The banks products are usually more expensive than other options. Usually they are nothing more than mutual fund salespeople. Banking Advisor employees have rated RBC with 3. But it was only sell our funds, work for another advisor, bank owns the book. I have called customer service and been told that it was a 'branch action', meaning I would have to physically go to my I noticed that a lot of companies have internal Salary ranges (for example I am at RBC and am at GG-10) . I had my reasons for moving to another bank, and we liked some of RBCs features. That said, I think the structure should be similar. New Banking Advisor Roles Rbc jobs added daily. He chat with me and said that he can see my bank… We would like to show you a description here but the site won’t allow us. Free interview details posted anonymously by RBC interview candidates. I just moved from a banking advisor role in the contact center to Invest by Phone (contact center) its been 3 months now, I currently pass my PFSA and FP1 (I paid the fees for the exam from my pocket they said we only give you the money back once you selected for the position) How are financial advisors at big canadian banks (RBC, TD etc. I highly recommend everyone stay away from this company that doesn't appreciate their customers. I'm a southeast asian female who got married to a white guy, so I'm using my husband's last name. Private banking is my long term goal but I’m just a little unclear of how I could get there. I was recently offered a job as a Financial Advisor at a major Canadian bank. I have already accepted an offer from Scotia as SFA for 70k +5k signing bonus. Thanks. I was a financial advisor at the bank- this is an entry role where you're doing anything from opening bank accounts, to loan applications, GICs, and mutual funds. You have to ask yourself what you are going to get for that. The UX is quite nice, my only complaint is no dark mode in Banking, but I’m sure that will trickle in someday. There's nothing *wrong* with USAA's banking platform - solid bank, but not much in incentives to stay there. Hi folks, I really need your help in choosing the offers. An independent advisor is best but RBC has some of the best mutual funds vs other banks. My Banking Direct offers a competitive high yield online savings account which ranks in the top 25 highest savings rates on DepositAccounts. And I replied confirming my availability for the said interview. Please someone help before I break my laptop. 456 Rbc Banking Advisor jobs. Search job openings, see if they fit - company salaries, reviews, and more posted by Rbc employees. Also, what should I wear for the rbc interview? Not really sure if I should go just dress shirt and pants with a tie or a full suit. This indicates that most Banking Advisor professionals have a good working experience there. WS portfolios have terrible risk vs reward metrics. • Submitting pre-approved overdraft protection and pre-approved RBC investments lately I’m going to preface my question by saying I just have almost no interest whatsoever in the markets or in investments, and I have thrown all my trust in my RBC financial advisor. Apply to 1 - 10 (out of 762) jobs at RBC. Finally getting up there, within 5 years of retirement (subject to the vagaries of our effed up government and economy). For TD, RBC, Scotiabank, CIBC and BMO what are the job title hierarchies? I see roles like senior manager and associate director posted but require less than five year experience and are not people managers. They’re on the wealth management side and will be better equipped to help with tax planning, estate planning, investment planning etc. My husband is a banking advisor at RBC. Received an email from the Branch Manager for an interview. I would be considered entry level as I am just starting university for business and I would like some tips on how I should prepare. It sounds a bit too good to be true, anyone has experience with these guys? I don’t wanna work for another advisor. Using your client-service mindset and natural problem-solving skills, you can help individuals and families achieve their goals by assisting with everyday banking, credit, and investment needs. Please use this thread for all recommendations relating to bank accounts, credit cards, loans, financial management apps, etc. A. I came into this position… banking advisor job openings at RBC. How much do Financial Advisers earn especially the ones who work in banks like RBC? Jan 26, 2017 · Others have already commented on the Banking Advisor position just wanted to point out since the titles are so similar - the teller position at RBC is called a Client Advisor and they make $14-15/hr. For all the Canadians here, can anybody provide insights on what it’s like being an FP at a big 6 bank? I want to pursue an FP role and figured working for a big 6 would be better for me than going independent as I feel I’d have a hard time getting clients. I'm just now taking the CSC course for fun and to get a brief overview of the securities industry. Basically anyone in Canada can hang up a shingle and call themselves a financial advisor. Hoping to hear which bank offers the best comp structure and future opportunities. I wanna talk to a real person. This is an honestly biast post given I am a broker. Also, in my experience with a bank financial advisor they can be pretty ignorant about investing and aren't above lying to get a sale. You can become a Bank Associate making 25$+ after working one year at a bank and then a Financial Advisor with 60k Just curious what’s the average intern salary at Capital Markets of the Big 5 Canadian banks. If you want to save about $8000-10,000 in MER fees a year, you should consider a robo advisor or even RBC's Investease robo (same as Wealthsimple robo advisor. Is that reasonable? : r/PersonalFinanceCanada Go to PersonalFinanceCanada r/PersonalFinanceCanada r/PersonalFinanceCanada MembersOnline • [deleted] Subreddit for RBC - Royal Bank of Canada. Every advisor has sell targets. I’m currently working at RBC as a FA. As a young professional going into WM the best case scenario is working for an Investment Advisor with a decent book and buying that book once they retire. RBC also had the option to only prospect and be 100% commission with no cap or be a relationship manager partnered with a prospector and be on salary to manage the book. How long does it take to become a financial advisor realistically - Currently first year in retail bank as a personal banker. I have a friend who's VP at an RBC wealth management firm and he mentioned I could come on board if ever truly interested, and take all the other courses as I work, so i'm just doing a bit of research out of interest. Community for bank exam aspirants for sbi, ibps, rrb, insurance exams etc. 6 out of 5 stars, based on 1,345 company reviews on Glassdoor. Oct 15, 2025 · 190 RBC Banking Advisor interview questions and 163 interview reviews. Talk with others about your experiences or ask questions. Learn about RBC culture, salaries, benefits, work-life balance, management, job security, and more. Is $23-25 / hrs the industry average ? Edit: just learned my us friend got way higher wages than me in the about same position at JP Morgan so just wondering what’s the industry average like in Canada I work for a competitor of RBC in their home country. Jun 9, 2025 · In this article, we offer a sample resume for a banking advisor and provide some tips to help you create your own resume. New Rbc Banking Advisor jobs added daily. Mar 7, 2022 · I worked as Banking advisor for RBC. Can they see my mortgage profile including assets and incomes? They knew that I am having a mortgage at that bank. ) I heard that there is a big difference working as one in a bank vs. As an RBC Advisor, you’ll add value in the moments that matter most to clients. Jun 1, 2023 · Enter corporate healthcare banking, the demand is completely inelastic, and you can charge whatever you want with interest. 0 Jul 6, 2024 Ok. Leverage your professional network, and get hired. At the bank I worked a personal banking officers had a goal of 12 million a year this includes mortgages , line of credits, credit cards , accounts. I don't currently bank with them but when I was talking to an advisor about opening the FHSA at RBC, the discussion moved into real estate purchases and then what I had saved. They will be forced to pay, unless they can’t. I am looking at this ATB job in Alberta for Financial Advisor: Financial Advisor, Wealth Advice Centre - ATB Financial (workable. Ifnyour account shits the bed, and RBC has decent charting notes, your agreement that RBC is liable for the demise of your portfolio, is likely moot We would like to show you a description here but the site won’t allow us. 312 reviews from RBC employees about working as a Client Advisor at RBC. . Where should I bank? Has anyone used ABC Bank? What is a good no fee checking account? Posts with referral links will be removed. Apr 8, 2024 · My Banking Direct is an online financial service of Flagstar Bank, N. Some info about me: - Have BCom and one year of work experience doing equity research at an investment fund - No client facing/sales experiences - No CSC/CFP/IFC/CFA certificates Looking at job postings for positions such as banking advisor, paraplanners, investment RBC Financial Planner a good enough way to manage investments? An RBC Financial Planner doesn't manage your investments. Please Apr 10, 2025 · The estimated average salary for a Banking Advisor at RBC is $141,712 per year or $68 per hour, but some professionals have reported earning up to roughly $259,332 per year (90th percentile). My story with RBC as a warning to others. If the amount is over $1MM ask to meet with a private banker or an advisor from RBC Dominion securities instead. advisor at RBC in the big 4 banks? How was it? I see a lot of torontonians employed at a big 5 bank with varying job titles. The job description is as follows: What will you do? • Proactively engage with clients in I was recently hired as a Advice centre banking advisor. Btw, we have $1M in Revenue in 9 months. If you have bare minimum customer service experience, apply to entry level positions in TD, RBC, BMO and Scotia. RBC Interview Questions and Answers. Otherwise, you’d be working for decades without a book to build. other financial institutes (eg. Usually the higher the advisor the higher the goals. I bank with CIBC and RBC, but I lean towards RBC in general, as I don't have to go meet an advisor or use telephone banking to change my investments. Some options allow for a much smaller investment to get involved with RBC Wealth Management. Jan 18, 2023 · A place to discuss the in and outs of banking. If you are looking for RBC Banking Advisor Interview Questions, you have come to the right place. They did group behaviour questions to test their people skills and analytical skills after an intitial screening interview over the phone I applied for a client advisor role online. I’ve been in banking for 10 years and yes, there are some genuinely awful people working at middle management and the executive level and psycho clients, but that’s every industry the higher up the chain you get. I checked Ally and then heard about SoFi. Consider this, the business model of a bank is to take a loan at one rate and to give a loan at a higher rate. Please review subreddit rules before posting. Does anyone has experience in this position? I just have a few questions We would like to show you a description here but the site won’t allow us. 25 minutes later, I've been on hold for at least 10 minutes. Former senior financial advisor at a big 5 bank and senior manager at a US credit card company in Canada . A path some take that can be fruitful is starting as a retail Jun 4, 2007 · Is it different than Brokers? i've looked at working as a financial advisor (investment, insurance, savings planner etc. Community, regional investment, commercial or consumer, come on in. Hey all, I would love to get some insight about how the different big 5 banks compare in Canada. I currently work for a non-profit charity. From what I have been told, Scotiabank has a salary between 70-80k and a 40% bonus comp (up to a 4x multiplier) but no share of revenue, even if you Today’s top 224 Rbc Banking Advisor jobs in Canada. My Oct 25, 2025 · The average salary for a Banking Advisor is $51,508 per year in Canada. Reasons I want to go with this route over buying VGRO/VEQT on QT/WS is the simplicity of having not to do anything other than deposit money every 2 weeks and since all my banking is done with RBC, I like the feeling of all my money under one roof. From what I can see both RBC and Scotia post "Financial planning, investment and retirement" roles that appear to more junior FP/Senior advisor roles. Do you have an advisor for the RBC Healthcare Advantage program? They should be able to help you weigh the benefits between the two programs and decide which would be a better fit. Are these people sitting inside specific branch locations and in offices or are these the people who we deal with when we walk in and go to the counter for various reasons? Are these good jobs in terms of experience and transitioning it to other jobs? We would like to show you a description here but the site won’t allow us. I was recently hired as a Advice centre banking advisor. I still have an open account with RBC for my personal banking in Canada, and have updated my address in their system with my UK details. Those entry level positions pay well above minimum wage (ex. Oct 3, 2025 · RBC interview details: 4,183 interview questions and 3,813 interview reviews posted anonymously by RBC interview candidates. Investment advisor or, dominion securities. TD Tellers get paid 20. You may find sales targets are primarily what your supervisors want to talk about, but you’ll also have the flexibility to craft a practice that you want to run. 50$) hourly and those jobs have great upward mobility with barely no education. They offered me $47,000 annual base salary plus bonuses, 3 weeks vacation, paid training, and some other perks. I had 2 relevant internships, one with a smaller regional bank last summer, and a corporate finance internship a couple years prior. Today’s top 205 Banking Advisor Roles Rbc jobs in Canada. This is so frustrating I tried to complain, but I can'T even do that. I was with USAA for banking since 2013, but was considering switching banks in mid-2023. I really got excited so I prepared a lot for the interview the night before. However I wanted to get an understanding why anyone would be a mortgage specialist instead of a broker? When I left the bank ( 10 years ago so things may have changed more since ) I couldn't wrap my head around why anyone would be a mortgage specialist for a bank (worked at TD and I know the models vary slightly bank to bank). A month ago I had $622K spread over TFSAs and RRSP’s and their RBC Investment Advantage Accounts and this morning I have $605K. 2)the RBC advisor (depending on level) could be accountable for your holdings based on RBC's client-advisor relationship model. they have staff accountants and lawyers they can bring in to assist at no cost to you. The RBC Banking Advisor’s key responsibilities include understanding and addressing client needs, promoting digital self-service options, and offering personal and business financial solutions. My friend (know him but not close) is working at RBC branch as advisor. Learn about salaries, benefits, salary satisfaction, and where you could earn the most. Hi, I got invited to a panel interview at rbc to be a client advisor. And if anyone has experience with the panel interview or this RBC keeps all incoming summer interns: It’s why RBC has committed to keeping the close to 1,400 students we offered summer jobs to, even though some won’t have workplaces on Day 1. A week ago RBC locked my access to my account, saying that there was a 'suspicious login'. Look for an accountant for tax advice, or a I'm currently in the interview process for an entry level Banking Advisor job, which is hybrid and seems like a call centre environment. Any cons other than the management fee compared to self investing and buying vgro/veqt myself? [Toronto] Advice needed - offered a banking job for 160k. Does anyone have experience with this role? I'm sorry but I'm still getting confused whether the job falls under 6551 (NOC C) or 6235 (NOC B) Here's the job description based from RBC Careers Proactively engage with clients in all areas of the branch and in the community, uncovering banking needs, providing help and advice, as well as identifying sales and referral opportunities Focus on client education and demonstration, leveraging I used to work at RBC on the bank side and on the brokerage side (specifically RBC Dominion securities, which is part of RBC wealth management). I did receive my $250 bonus for setting up dd of 5k+, that was a nice surprise. The typical pay range is between $106,284 (25th percentile) and $198,396 (75th percentile) annually. The advisors in branches are sales people first and foremost, with a goal of selling the bank's products (mutual funds, etc). com) So the Salary says "J-OTH" anyone knows what that range is? We would like to show you a description here but the site won’t allow us. To pile on, most big bank financial advisor just sell you high fee index funds. 157 votes, 65 comments. Interview with RBC I applied for a client advisor role online. Here we will discuss how to successfully answer potential interview questions at RBC. The fact is that the PW portfolio managers, who are skilled and trained, invest largely in the same public markets as everyone else. I got the job experience letter from them. client advisor job openings at RBC. Good evening, I’ve been using RBC Direct Investing in a TFSA for probably around 5 years mostly buying mutual funds but recently I’ve experimented in stocks investing about 10k into different sectors. ) paid? Its it base-salary + incentives? (if so, what are the incentives?) Is additional pay per each appointment? I feel like my advisors incentives aren't aligned with mine. I’ve found a smaller bank with much better people working there and don’t have much interaction with clients in my role. I had to go to work RBC - Royal Bank of Canada Subreddit for RBC - Royal Bank of Canada. Jul 6, 2024 · RBC Advisor - Banking Advisor TEKsystems Employee Review See all Reviews (13380) 3. Hate to say it, but I wouldnt get my financial advice from the bank. The job duties are as follows:- As a Banking Advisor, the duties include but are not limited to: • Opening new personal accounts for personal clients. Here, we will discuss how to answer potential Banking Advisor Interview Questions successfully. My current salary is a little less than that, with a company matched pension, 4 weeks vacation, and I absolutely love what I do. I see these job postings for TD, RBC etc including the job descriptions. Sep 19, 2025 · RBC stands out for its deep advisor bench, strong private banking, and high trust levels, particularly among long-time clients. This is a profitable and large industry. Can't do that online (which is ok, in my book). I previously was a teller for about 6 months at another institution and got hired as a banking advisor at RBC a week ago. They usually have sales quotas. I (23) am really interested in pursuing the financial planning career path, but not sure what's the best step to take right now. I moved to the UK from Canada in March 2022. It gives me premium credit cards for the family, elimination of all fees (and rebates on some other ones the bank is able to get for me) and a private banking lead/team who magically unlocks anything we need the bank to do for us. If you think you're going to pay 2% but get access to high, steady investment returns then that's not a good idea. Yesterday, I got an oral offer from TD for the position of Busienss account manager trainee 75k. Until now. Thank you Aggravating-Elk-3955 Can a bank advisor at RBC see my mortgage profile including assets and incomes? I have a mortgage at RBC and don't have any account with them. " […]He says "advisor" is an unregulated title that anyone can use, whereas the title "adviser" — spelled with an "e" — can only be used if the employee has a fiduciary responsibility to the We would like to show you a description here but the site won’t allow us. The fees for private wealth management are high. Mar 19, 2018 · As an Advice Centre Banking Advisor, Applicant is primarily responsible for executing the service experience by providing advice, resulting in selling RBC's products and services to personal clients. We would like to show you a description here but the site won’t allow us. A common trick for misleading customers, according to Elford, is the banking industry's use of the term "financial advisor" — spelled with an "o. So, here goes: Called and tried scheduling an appointment. Something like $60-70k annualized, I would have come out ahead with hourly pay I (mid-20s F) was referred and recently met with a FP working for RBC. I even studied the offers they got and did a 6 days ago · 387 reviews from RBC employees about working as a Banking Advisor at RBC. edward jones, investors group, freedom 55) has anyone worked as a fin. Mar 5, 2024 · Seeing as it's purely online banking, I'm imagining I'd need to use ATMs for pulling cash from EverBank which may limit the total withdrawals I can make at a given time, unless they operate like a CU and work in a shared network with physical banks? I worked for Scotiabank in New York for an investment banking co-op and pay was salaried. Terrible banking app How is this even a bank with all of the complaints by users? Current's "support" team does not respond to emails and continues to hold my fund to investigate "fraud" for transferring money from one bank to another. com. I will have an interview next Monday with CIBC for senior FA busienss and I heard the base salary at CIBC for this Nov 14, 2018 · I am on a post graduate work permit and have recently recieved an offer to work as a Banking Advisor Intern for RBC at a branch, where my on the job training program goes over the course of 9-12 months. I'M trying to call RBC customer service but it's always this automated helper thing that answers. Find someone who has an actual credential like CFP or CPA. So I have been working in a client facing capacity as a financial advisor (Canada) for 3 years now. Interest rate sucks (like it does with most brick & mortars), no great features, etc. At another bank, my private banking fees are about half that. They dont have much training, sometimes. Basic question, but although IAs work on commission Wealth Management Career Path Hey everyone, I started in WM just 5 months ago at a big bank in Canada. I general and depending on the bank, it is a good place to learn a financial planning system that’s aimed at helping the bank. 49 votes, 130 comments. Anyways, RBC Private Wealth has sold me the story to help build my wealth, create a financial plan that involves HoldCo, Trusts etc furthermore, he will get me the line of credit and company credit card. This is based on 81 salaries submitted by RBC Banking Advisor professionals on Glassdoor, as of Sep 2025. I'm currently an associate and was wondering if anyone here can give any insight as to what a typical career path can look like as well as the compensation. Apply to 1 - 10 (out of 861) jobs at RBC. I have some acquaintances working there. Wife and I wanted a joint personal account and a business account. enbn iouxatt oqsae dtnt huwh iej fzob hcmqyaqst lsnw chjztc gtiy lxqx tzyrkq jtnj zbrsci