Testy McTestalot - RBC Wealth Management

Global Insight Monthly

Global Equity: Push & Pull

A more complicated picture for the next stages of AI development and renewed geopolitical volatility have kept equities in check recently. But if unusually energetic earnings estimates for 2026 and 2027 prove achievable, more upside ahead is likely.

Retirement readiness calculator

Use our Retirement Readiness Calculator to help estimate how prepared you may be for retirement. This tool is hosted on the RBC Wealth Management corporate website and powered by MoneyGuidePro®.

Check Your Readiness

This calculator is provided as an educational tool and is not intended to provide investment advice. The result of any calculation performed by this tool is hypothetical and does not assume the effect of fees, commissions, tax rates, or changes in interest rates or the rate of inflation and is not intended to predict or guarantee the actual results of any investment product or strategy. In selecting an anticipated investment return, you should consider factors affecting the potential return, such as investment objectives and risk tolerance. The information and data used in this tool were obtained from sources deemed to be reliable, but no warranty regarding the accuracy of any such information is made. Before making any financial decisions relating to your unique financial situation, you should obtain tax and legal advice from qualified professionals. Neither RBC Wealth Management, a division of RBC Capital Markets, LLC ("RBC WM"), nor its affiliates or employees provide legal, accounting or tax advice. All legal, accounting or tax decisions regarding your accounts and any transactions or investments entered into in relation to such accounts, should be made in consultation with your independent advisors. No information, including but not limited to written materials, provided by RBC WM or its affiliates or employees should be construed as legal, accounting or tax advice.

A stable, safe, and sustainable global financial institution

RBC has proven to be consistently strong and stable with a high-quality balance sheet, proactive risk management, and a strong liquidity position. RBC’s financial strength and scale are levers that help us achieve greater results for our advisors. Experience the expertise of a leading global financial institution.

Distinguished by a long heritage of financial integrity and unwavering dedication to our clients, RBC has consistently earned high credit ratings.¹

Approximately 101,000+ employees speaking over 100 languages serve more than 19 million clients worldwide
One of the world’s leading diversified financial services companies, providing personal and commercial banking, wealth management services, insurance, corporate and investment banking, and transaction processing services on a global basis
- Moody's Aa1 and A1/ stable⁴
- Standard & Poor's AA-² and A³ / stable⁴
- Fitch Ratings AA+² and AA-³ / stable⁴
Additionally, RBC has a reputation of stability with a high-quality balance sheet, proactive risk management and a strong liquidity position.

<ol> <li>RBC Capital Markets, LLC is a wholly-owned subsidiary of, and separate legal entity from, Royal Bank of Canada. Royal Bank of Canada does not guarantee any debts or obligations of RBC Capital Markets, LLC. Credit ratings are not recommendations to purchase, sell or hold a financial position in as much as they do not comment on market price or suitability for a particular investor. Ratings are subject to revision or withdrawal at any time by a rating agency.</li> <li>Ratings (as date May 27, 2026) for senior long-term debt issued prior to September 23, 2018 and senior long-term debt issued on or after September 23, 2018, which is excluded from the Canadian Bank Recapitalization (Bail-in) regime.</li> <li>Ratings (as date May 27, 2026) for senior long-term debt issued on or after September 23, 2018 which is subject to conversion under the Bail-in regime.</li> <li>Ratings outlook.</li> </ol>

Strength you can trust

Distinguished by a long heritage of financial integrity and unwavering dedication to our clients, RBC has consistently earned high credit ratings.¹

Moody's Aa1 and A1 / stable⁴
Standards and Poor AA- and A/stable⁴
Fitch Ratings AA+² and AA-³ / stable⁴

Additionally, RBC has a reputation of strength and stability with a high-quality balance sheet, proactive risk management and a strong liquidity position.

<ol> <li>RBC Capital Markets, LLC is a wholly-owned subsidiary of, and separate legal entity from, Royal Bank of Canada. Royal Bank of Canada does not guarantee any debts or obligations of RBC Capital Markets, LLC. Credit ratings are not recommendations to purchase, sell or hold a financial position in as much as they do not comment on market price or suitability for a particular investor. Ratings are subject to revision or withdrawal at any time by a rating agency.</li> <li>Ratings (as of May 27, 2026) for senior long-term debt issued prior to September 23, 2018 and senior long-term debt issued on or after September 23, 2018, which is excluded from the Canadian Bank Recapitalization (Bail-in) regime.</li> <li>Ratings (as of May 27, 2026) for senior long term debt issued on or after September 23, 2018 which is subject to conversion under the Bail-in regime.</li> <li>Ratings outlook.</li> </ol>

The first annual Women’s Retirement Day shines light on retirement disparity

As women transition into the next phase of their lives, they may find that the wage gap throughout their career puts them behind their male counterparts. To lessen the gap, we’ve created tools and resources to help them prepare for retirement.

Investment and insurance products offered through RBC Wealth Management are not insured by the FDIC or any other federal government agency, are not deposits or other obligations of, or guaranteed by, a bank or any bank affiliate, and are subject to investment risks, including possible loss of the principal amount invested.

Image: Women & Wealth Insights: Get the Guide!

Women: The new face of wealth

Our 2026 Women and Wealth survey proves it: Women are reaching new financial heights. From millennial business owners to baby boomer legacy builders, women are prioritizing inner wealth, the integration of personal values, priorities, and passions with financial success, indicating a desire for financial solutions that align with their broader life aspirations. To learn more, see our new Women & Wealth guide. Access the guide now to get started.

Inner wealth: aligning finances with personal wellness, priorities and passions

Women are redefining what wealth means beyond the balance sheet. They say they are building wealth that reflects their values, supports their families and creates lasting impact through philanthropy and social responsibility.

Overall, the emphasis on inner wealth fuses personal well-being with financial success—believing that true wealth starts internally with well-being. Access the guide now to get started.

Women’s economic power rises to new heights

Did you know that 90% of women who work with a financial advisor have a formal financial plan? That collaboration is the key to feeling secure about your future and your lifestyle. Ready to build your financial plan? Let's connect today to talk about your vision for the future.

Fiduciary standards: our obligation

As a registered investment adviser, we are held to a full federal fiduciary duty under the Investment Advisers Act of 1940.^1,2

This means we are required to act in the best interest of our clients, putting their needs ahead of our own throughout our relationship.

Our fiduciary duty has two core components:

Duty of care — We provide advice grounded in a genuine understanding of each client's financial situation, objectives and risk tolerance, and we review accounts on an ongoing basis as circumstances change.
Duty of loyalty — We put our clients' interests first. Where conflicts of interest exist, we work to eliminate them and provide clear, specific disclosure so clients can make informed decisions.

Neither RBC Wealth Management, a division of RBC Capital Markets, LLC (“RBC WM”), nor its affiliates or employees provide legal, accounting or tax advice. All legal, accounting or tax decisions regarding your accounts and any transactions or investments entered into in relation to such accounts, should be made in consultation with your independent advisors. No information, including but not limited to written materials, provided by RBC WM or its affiliates or employees should be construed as legal, accounting or tax advice.

Sources:  1. <a href="https://www.sec.gov/files/rules/proposed/2018/ia-4889.pdf" target="_blank">sec.gov</a> 2. <a href="https://www.law.cornell.edu/wex/regulation_best_interest_%28reg_bi%29" target="_blank">Reg BI</a>

August 6, 2026

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