A tough third quarter took its toll on RBC's Wealth Management division as net income shed $56 million after reaching $212 million in the second quarter, but the firm remains committed to making additional investments and tackling an "ambitious growth platform," George Lewis, head of RBC Wealth Management said over the phone.

"We feel that even though the industry conditions are challenging or more particularly because they're challenging, it's creating a lot of opportunity to invest for the long term," Lewis explained.

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