"Given that we're the largest user of ETFs from an adviser and a client perspective, we're interested in providing as much as we can" in this growing market, Lewis said.

RBC Wealth Management was recognized this month as one of the world's 10 largest money managers in an annual survey of the global wealth industry by Scorpio Partnership, a consulting firm.

Royal Bank fell 76 cents, or 1.4 percent, to C$52.06 at 4 p.m. trading on the Toronto Stock Exchange. The stock has fallen 0.5 percent this year, compared with the 1.5 percent increase of the 10-company S&P/TSX Banks Index.

 

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