{"id":285179,"date":"2026-07-03T01:30:00","date_gmt":"2026-07-03T05:30:00","guid":{"rendered":"https:\/\/news-you-need.com\/index.php\/2026\/07\/03\/rbc-piloting-new-ai-tools-to-help-advisors-save-time-build-business\/"},"modified":"2026-07-03T01:45:11","modified_gmt":"2026-07-03T05:45:11","slug":"rbc-piloting-new-ai-tools-to-help-advisors-save-time-build-business","status":"publish","type":"post","link":"https:\/\/news-you-need.com\/index.php\/2026\/07\/03\/rbc-piloting-new-ai-tools-to-help-advisors-save-time-build-business\/","title":{"rendered":"RBC piloting new AI tools to help advisors save time, build business"},"content":{"rendered":"

RBC piloting new AI tools to help advisors save time, build business<\/a><\/p>\n

https:\/\/www.theglobeandmail.com\/investing\/globe-advisor\/advisor-news\/article-rbc-piloting-new-ai-tools-to-help-advisors-save-time-build-business\/<\/a><\/p>\n

Publish Date: 2026-07-03 01:30:00<\/a><\/p>\n

Source Domain: www.theglobeandmail.com<\/a><\/p>\n

Open this photo in gallery:<\/span><\/p>\n

Wealth management firms are adopting AI tools to help advisors save time and grow their books.<\/span>Alfieri\/iStockPhoto \/ Getty Images<\/span><\/p>\n

After seeing strong adoption of its in-house artificial intelligence tool, Royal Bank of Canada is piloting new custom AI tools for advisors.<\/p>\n

Neil McLaughlin, group head of RBC Wealth Management and Insurance, says the wealth management division already has about 7,500 weekly users of the bank\u2019s generic artificial intelligence tool, RBC Assist. The internally developed generative AI allows advisors to input sensitive client data safely as they ask it about portfolio or tax strategies, for example.<\/p>\n

They\u2019re now focusing on consistent outcomes from those queries.<\/p>\n

\u201cWe\u2019re really going through and saying, \u2018What is the best prompt that has been written to do these generic tasks, and how do we not have 1,000 poppies blooming?\u2019\u201d Mr. McLaughlin says.<\/p>\n

RBC expects to generate between $700-million to $1-billion in enterprise value from AI by 2027, and the wealth division is looking to contribute to that by freeing up time for advisors to grow their books.<\/p>\n

The bank is now piloting three custom AI tools for advisors at RBC Dominion Securities Inc. and RBC Phillips, Hager & North Investment Counsel Inc.<\/p>\n

A meeting prep tool, which has been rolled out nationally, is able to scan a client\u2019s relevant information \u2013 from financial plans to portfolios to all previous communication \u2013 and recommend the top issues to address at a meeting.<\/p>\n

\u201cWhat we\u2019re hearing from advisors is that it\u2019s saving them 30 to 45 minutes in terms of preparing for and\/or wrapping up a meeting \u2013 which is a lot when you think about how many clients an advisor would meet,” Mr. McLaughlin says.<\/p>\n

A portfolio recommendation tool will be piloted next year. This tool will let an advisor know when a client might be ready for more alternative investment products, for example, or flag clients that advisors should reach out to based on what\u2019s happening…<\/p>\n

Source<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

RBC piloting new AI tools to help advisors save time, build business https:\/\/www.theglobeandmail.com\/investing\/globe-advisor\/advisor-news\/article-rbc-piloting-new-ai-tools-to-help-advisors-save-time-build-business\/ Publish Date:…<\/p>\n","protected":false},"author":1,"featured_media":285180,"comment_status":"closed","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/www.theglobeandmail.com\/resizer\/v2\/HVHN7Z2YWBGP7HPUFOZT3Q26WM.jpg?auth=45d40d2e8f568bf70f0849a4658265ba957b3219bb058fbeebc49ee65bfcca40&width=1200&height=800&quality=80&smart=true","fifu_image_alt":"","footnotes":""},"categories":[14],"tags":[19],"class_list":["post-285179","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-artificial-intelligence","tag-generative-ai"],"_links":{"self":[{"href":"https:\/\/news-you-need.com\/index.php\/wp-json\/wp\/v2\/posts\/285179"}],"collection":[{"href":"https:\/\/news-you-need.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/news-you-need.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/news-you-need.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/news-you-need.com\/index.php\/wp-json\/wp\/v2\/comments?post=285179"}],"version-history":[{"count":1,"href":"https:\/\/news-you-need.com\/index.php\/wp-json\/wp\/v2\/posts\/285179\/revisions"}],"predecessor-version":[{"id":285181,"href":"https:\/\/news-you-need.com\/index.php\/wp-json\/wp\/v2\/posts\/285179\/revisions\/285181"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/news-you-need.com\/index.php\/wp-json\/wp\/v2\/media\/285180"}],"wp:attachment":[{"href":"https:\/\/news-you-need.com\/index.php\/wp-json\/wp\/v2\/media?parent=285179"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/news-you-need.com\/index.php\/wp-json\/wp\/v2\/categories?post=285179"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/news-you-need.com\/index.php\/wp-json\/wp\/v2\/tags?post=285179"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}