RBC Wealth Management, part of Royal Bank of Canada, is launching a full offshore investment advisory capability.

Located in Jersey, the service aims to provide customised investment advice, execution and safe-custody of assets for RBC offshore and trust clients who want to be involved in the investment decision-making process. 

Previously, the firm had a more limited whole-of-market advice offering in Jersey. The new service, which complements both RBC’s existing offshore discretionary and its UK onshore advisory and discretionary platforms, is the most recent move in the expansion of RBC Wealth Management’s London-based investment business.

The team will be led in Jersey by Barry Hardisty, reporting to Lynne Jones, head of advisory at RBC Wealth Management. Elif Carr is also joining, as an investment advisor, having previously worked at Standard Bank, where she had a portfolio of private clients and intermediary relationships.

“This new service answers a clear client need and enables us to offer a full advisory service to our offshore and trust clients just as we currently do in the UK onshore. Our offshore advisory capability will allow us to offer more flexibility in helping our trustees with their investment decisions,” Jones said.