Acquisition of Future advisor seems to pay-off, with B2B2C being on a roll!
RBC Wealth Management has rolled out a robo-adviser for its top advisers in a half dozen teams within the United States as part of a pilot program, said John Taft, chief executive of RBC's wealth management unit. The brokerage has partnered with FutureAdvisor, the robo that BlackRock acquired last summer, which was integrated on RBC's adviser dashboard and will be tested for the next six months. It is strictly a business-to-business platform, and not direct to consumers, Mr. Taft said. "What we are trying to do with this FutureAdvisor pilot is to digitally augment the advice we have