RBC Dain Rauscher, a wholly owned subsidiary of Royal Bank of Canada, is one of the largest investment management firms with more than 1,600 financial consultants and over 100 offices. It offers a range of investment products that include stocks, unit investment trusts, annuities, bonds, life insurance plans, mutual funds, retirement plans and individual retirement accounts. The company also offers portfolio management, education planning and mortgage services. Additionally, it offers financial advisory and underwriting services for various types of tax-exempt and taxable debt governmental and school district issuers, conduit borrowers and nonprofit organizations. RBC Dain Rauscher, founded in 1909, maintains an office in San Francisco.