Analysts anticipate that steady GDP growth at 1.7% will support "wealth management Canada" in maintaining balanced portfolio allocations, ensuring risk-adjusted returns in the 2024 market climate. Royal Bank of Canada (RBC) is eyeing to expand its US banking operations through the acquisition of "highly coveted" wealth-management firms, reported Bloomberg. Assets Under Advisement (AUA) are the key driver of the Wealth Management segment. AUA are savings and investment products held within client accounts of our Wealth Management segment core businesses. Financial analysts in "wealth management Canada" highlight the Big Six banks’ Q1 earnings beats, pushing bank stocks toward 6-month highs. Increased net interest margins present opportunities for conservative growth portfolios.
