The reform addresses concerns regarding retail sales tactics
The changes are tied to members of RBC's group executive committee
CWB and Meridian will continue to offer outside products
Fintech, big tech and crypto may diminish traditional bank role
For some banks, stateside expansion within wealth management is part of the plan
The notes will bear interest of 4.0% annually for the first five years
Royal Bank of Canada leases 40% of the space
The Montreal-based bank is focused on simplification to draw new business as deposits dip
Advisor-owned firms have added billions in AUA by poaching advisors from banks
Product shelves at some banks are changing thanks to the client-focused reforms