RBC Dominion Securities
Encyclopedia
RBC Dominion Securities is the brand used by Royal Bank of Canada
Royal Bank of Canada
The Royal Bank of Canada or RBC Financial Group is the largest financial institution in Canada, as measured by deposits, revenues, and market capitalization. The bank serves seventeen million clients and has 80,100 employees worldwide. The company corporate headquarters are located in Toronto,...

 for full service brokerage services primarily in Canada. It forms part of RBC's Wealth Management division. Established in Toronto in 1901, it originally focused on government and municipal but diversified into war bonds during World War I
World War I
World War I , which was predominantly called the World War or the Great War from its occurrence until 1939, and the First World War or World War I thereafter, was a major war centred in Europe that began on 28 July 1914 and lasted until 11 November 1918...

. By the 1950s, it had developed a network with branches in every major city in Canada.

Note about RBC corporate structure

RBC Dominion Securities Inc is the legal name of the company from which the full service brokerage activities operate. The subsidiary, among others, is also used by the RBC Capital Markets
RBC Capital Markets
RBC Capital Markets is a Canadian investment bank with assets of $711 billion. It is part of the Royal Bank of Canada and has one of the highest credit ratings in the world by Moody's and Standard & Poor's.,According to Bloomberg, RBCCM is consistently ranked among the top 20 global investment...

 division. RBC Dominion Securities Inc has been 100% owned by the Royal Bank of Canada
Royal Bank of Canada
The Royal Bank of Canada or RBC Financial Group is the largest financial institution in Canada, as measured by deposits, revenues, and market capitalization. The bank serves seventeen million clients and has 80,100 employees worldwide. The company corporate headquarters are located in Toronto,...

 since 1996.

  • James Henry Gundy
    James Henry Gundy
    James Henry Gundy was a Canadian businessman who co-founded Wood Gundy and Company, stockbrokerage in Toronto, Ontario in 1905....

     and George Herbert Wood
    George Herbert Wood
    George Herbert Wood was a Canadian businessman who co-founded Wood Gundy and Company, stockbrokerage in Toronto, Ontario in 1905 with fellow former Dominion Securities employee James Henry Gundy. He retired from the business in 1930 and died in 1949....

     - former Dominion Securities brokers left in 1905 form Wood Gundy
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