RBC Direct Investing, Royal Bank of Canada's Toronto discount brokerage arm, has started offering model portfolios for do-it-yourself investors.
The portfolios are meant to make it easier for investors to create a personal investment portfolio, RBC Direct said last week. They also enable investors to choose from among pre-selected portfolios offering a range of conservative to aggressive growth strategies.
Investors can add mutual funds or other products to their portfolios.
The portfolios follow strategies established by wealth management advisers at RBC Asset Management.
The products in the model portfolios are selected by advisers from RBC Asset Management, Royal Bank's mutual fund research team, and RBC Dominion Securities.
Mutual funds include those offered by RBC Asset Management, Royal Bank's Phillips, Hager & North Investment Management Ltd., and third-party providers such as CI Investments, Fidelity Investments, Franklin Templeton Investments, and Invesco Trimark Investments.
This year RBC Direct plans to start offering model portfolios made up of exchange-traded funds from RBC Dominion Securities Portfolio Advisory Group.
RBC Direct provides tools and resources for investors to manage all or a portion of their investment portfolio.