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Our Custodian

Introducing RBC Advisor Services

A committed, responsible custodian for your assets

What Is RBC Advisor Services? RBC Advisor Services (RBC AS) is a division of RBC Capital Markets, LLC, a wholly owned subsidiary of Royal Bank of Canada (RBC) (NYSE and TSX: RY).1 RBC employs more than 80,000 full-and part-time employees who serve more than 16 million personal, business, public sector and institutional clients through offices worldwide — making it a respected global leader in diversified financial services. Its financial strength, sound risk management policies, strong balance sheet, diversified business mix, and performance relative to its peers has been, and should be a source of confidence for you. We are part of RBC’s U.S. Wealth Management business, which has a rich hundred-year history of serving the sophisticated wealth management needs of the world’s leading families. Delivering our worldclass wealth management solutions and custodial services to clients of Registered Investment Advisors is an important strategic priority to RBC.

What are RBC’s Credit Ratings? RBC’s senior long-term debt credit ratings are strong, including the AA3 rating from Moody’s Investors Services, the AA- rating from Standard and Poor’s and AA (stable) ratings from Fitch and DBRS.

What is RBC’s standing amongst its peers in Global Financial Services?RBC is one of the 5 largest banks in North America and one of the 15 largest banks in the world, as measured by market capitalization.2 RBC was named “Best Private Bank in Canada” for the fourth consecutive year in the 2015 Global Private Banking Awards, and was also recognized as one of the World’s Most Admired Companies for the second straight year by Fortune.3 In addition, RBC has been named to the 2015-2016 Dow Jones Sustainability World Index. The Index recognizes the world’s financial, social and environmental corporate leaders.

How will RBC Advisor Services protect my assets as a custodian? In addition to RBC AS’s proven commitment to responsible stewardship4, we comply with Securities and Exchange commission requirements to maintain certain capital requirements5, as well as to keep client assets separated from our assets and the assets of others (unless you have signed a margin agreement).6 Since RBC Capital Markets, LLC is a member of Securities Investor Protection Corporation — a nonprofit corporation funded by member securities brokerdealers — you are eligible for SIPC insurance protection. In the event of a catastrophic loss of RBC CM’s firm capital, SIPC reserve funds would be available to satisfy claims against the firm, up to $500,000 per client, including up to $250,000 in cash.7 Beyond SIPC insurance, RBC carries additional insurance through Lloyd’s of London. The policy provides additional securities and cash protection up to $99.5 million per SIPC qualified account (of which $900,000 may be cash). The firm’s excess SIPC policy is subject to a maximum aggregate amount payable of $400 million, which would be distributed on a pro-rata basis across all losses by clients of RBC. *Subject to a $400,000,000 cap, which would be distributed on a pro-rated basis across all losses by clients of RBC.

“These materials have been independently produced by Gauthier Wealth Management LLC. Gauthier Wealth Management LLC is independent of, and has no affiliation with, RBC Advisor Services or any of its affiliates. RBC Advisor Services is a registered broker-dealer and member SIPC. RBC Advisor Services has not created, supplied, licensed, endorsed, or otherwise sanctioned these materials nor has RBC Advisor Services independently verified any of the information in them. Gauthier Wealth Management LLC provides you with investment advice, while RBC Advisor Services maintains custody of your assets in a brokerage account and will effect transactions for your account on our instruction.”

Advisory services offered through Ewing Asset Management  Securities offered through Allen C. Ewing & Co.  Member FINRA/SIPC. Check the background of this firm on FINRA’s BrokerCheck.