RBC Wealth Management, part of the Royal Bank of Canada, has joined the WealthiHer Network as a founding member.

It joins a number of other founding partners that have joined forces to empower women in the financial industry. In addition, the Network aims to transform the approach and attitudes towards women and ensuring female clients are understood.

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Since launch, the collaboration has been empowering women with confidence and financial knowledge. Furthermore, it has worked with partners to transform the finance industry.

Annabel Bosman, MD, head of relationship management, RBC Wealth Management, said: “Diversity and inclusion are key core RBC values that guide, unite and inspire us, and reflect the range of clients and communities that we serve. Joining the WealthiHer Network is a great opportunity for RBC to be at the forefront of celebrating, inspiring and empowering our female clients. As an industry we’re starting to make real progress in this area but recognise that there is still a long way to go. We’re excited that, together with the WealthiHer Network, we can help to make a real and lasting impact.”

Tamara Gillan, founder and CEO at WealthiHer: “We are delighted to welcome RBC as a partner to the WealthiHer Network. We look forward to working with RBC to continue to unlock the power of our collective expertise and knowledge, delivered in new ways, to enable women to protect and secure their futures now more than ever before.”

Research from RBC reported that 84% of women have full or joint responsibility for overseeing the family investment portfolio.

RBC topped the J.D. Power 2020 US Full-Service Investor Satisfaction Study ranking with a score of 873. It was followed by Fidelity (865) and Edward Jones (860). Charles Schwab and Raymond James completed the top five, both with 857.

Furthermore, other big players were not far behind. Wells Fargo received a score of 852 and Chase garnered a score of 847. Morgan Stanley was just behind at 846.