{"id":34845,"date":"2026-09-25T13:58:16","date_gmt":"2026-09-25T17:58:16","guid":{"rendered":"https:\/\/www.rbcwealthmanagement.com\/en-ca\/?p=34845"},"modified":"2026-09-25T13:58:18","modified_gmt":"2026-09-25T17:58:18","slug":"beyond-the-algorithm","status":"publish","type":"post","link":"https:\/\/www.rbcwealthmanagement.com\/en-ca\/insights\/beyond-the-algorithm","title":{"rendered":"Beyond the algorithm"},"content":{"rendered":"\n

Finding answers has never been easier. Two-thirds of Canadians use at least one AI-based tool or service, according to a recent survey by Narrative Research and Logit Group <\/a>. For many, AI has become a practical tool for finding information, conducting research and increasing productivity.<\/p>\n\n\n\n

Yet some decisions can\u2019t be reduced to only the results generated by a prompt.<\/p>\n\n\n\n

Managing wealth rarely comes down to a single answer, or even a combination of single answers. It involves balancing priorities, recognizing how one decision influences another and considering circumstances that may not seem directly relevant to the question at hand. What might appear to be a straightforward financial decision can look very different once the broader context\u2014and complexities\u2014are understood.<\/p>\n\n\n\n

Understanding the bigger picture<\/h2>\n\n\n\n

AI excels at analyzing data and identifying patterns. That makes it a valuable tool for exploring options and gathering information.<\/p>\n\n\n\n

Managing wealth and taking into account the uniqueness of each person\u2019s or family\u2019s situation is different.<\/p>\n\n\n\n

A decision to help minimize taxes today may influence retirement income<\/a> years from now. A business-succession strategy<\/a> may affect estate planning<\/a>, charitable giving<\/a> or family dynamics. Purchasing property in another country can introduce cross-border tax considerations. While each decision impacting your wealth may make sense on its own, it\u2019s important to step back and look at how decisions are interconnected to ensure all aspects of planning are tied together effectively.<\/p>\n\n\n\n

Looking at one issue in isolation can solve an immediate problem but might create unintended consequences elsewhere. And sometimes, the information that appears relevant to a decision is only part of the story. <\/p>\n\n\n\n

\u201cAI responds to a question you ask based on the information you provide,\u201d says Tony Maiorino<\/a>, head of RBC Family Office Services and president and CEO of RBC Wealth Management Financial Services Inc. \u201cThe answer might be valuable and accurate, but the lens may be too narrow for someone\u2019s entire financial picture. This is where having a client\u2019s trust, knowing the client and their family, and being able to dig a little deeper becomes so important.\u201d<\/p>\n\n\n\n

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“Every family is different, so their planning has to reflect that. What we do is tailored to each family\u2019s circumstances.\u201d<\/blockquote>
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\u2014 Tony Maiorino<\/a>, head of RBC Family Office Services and president and CEO of RBC Wealth Management Financial Services Inc.<\/p>\n<\/figcaption><\/figure>\n<\/div>\n<\/div><\/div>\n<\/div><\/div><\/div><\/div>\n\n\n\n

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When wealth evolves<\/h2>\n\n\n\n

The strategies that helped build your family\u2019s wealth are not always the same ones needed to preserve and transfer it.<\/p>\n\n\n\n

A business owner who has spent decades building a successful company may face entirely different considerations after selling it<\/a>. A family preparing to transfer wealth may also need to educate the next generation on the responsibilities<\/a> that come with it. As wealth evolves, so do the questions families face and the guidance they may need along the way.<\/p>\n\n\n\n

That\u2019s where an integrated approach and personalized planning through RBC Family Office Services<\/a> comes in. An RBC advisor who knows the client and their family can recognize when specialized knowledge may be valuable and introduce them to the appropriate Family Office Services professionals.<\/p>\n\n\n\n

The team includes lawyers, accountants, tax specialists, financial planning specialists, philanthropic advisory specialists, business owner and succession specialists and other professionals well-versed in addressing the full spectrum of wealth needs.<\/p>\n\n\n\n

\u201cEvery family is different, so their planning has to reflect that,\u201d says Maiorino. \u201cWhat we do is tailored to each family\u2019s circumstances. Working alongside a client\u2019s RBC advisor, we bring together qualified professionals from various disciplines to truly understand the family and their objectives. With that in mind, we can develop a coordinated, holistic plan that reflects the family\u2019s goals and priorities, now and for the future.\u201d<\/p>\n\n\n\n

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Take<\/strong> control of your wealth<\/strong><\/h4>\n\n\n\n

Let’s talk about your financial future and build a plan to help you achieve your goals. <\/p>\n\n\n\n

\nLEARN MORE<\/a>\n<\/div>\n<\/div><\/div><\/div><\/section>\n\n\n\n

The people behind the planning<\/h2>\n\n\n\n

Financial information is only part of the story. Family Office Services professionals bring experience and insight gained from helping households navigate decisions and transitions that can affect how everyone gets along. While every family\u2019s circumstances are unique, these professionals anticipate the questions that may arise, the dynamics that may need to be considered and the long-term implications that may not yet be apparent.<\/p>\n\n\n\n

\u201cOur objective is to understand not just what the client wants, but why,\u201d says Maiorino. \u201cA client may come to us with a specific request, but we dig a little deeper to reveal what they are really trying to accomplish and how decisions will impact the family today as well as 20 or 30 years from now.\u201d<\/p>\n\n\n\n

Clients also benefit from the continuity these advisory relationships provide. Once introduced, Family Office Services professionals remain part of the client\u2019s broader advisory team, offering strategic insight as new opportunities and challenges emerge.<\/p>\n\n\n\n

The most effective conversations are rooted in trust and, according to Maiorino, being comfortable discussing personal areas of concern. The more Family Office Services professionals learn about a client\u2019s circumstances, priorities and challenges, the better equipped they are to provide guidance that aligns with the family\u2019s needs and aspirations.<\/p>\n\n\n\n

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    Howard Kabot<\/strong><\/h3>\n\n\n\n

    VP, Financial Planning, Family Office Services, RBC Wealth Management<\/p>\n\n\n\n

    \u201cOur Financial Planning Specialists have deep knowledge in financial and tax planning, and they play an integral role working with clients to understand their financial situation and goals. Our team helps clients build a comprehensive financial plan, really focusing on their personal objectives and the journey towards their goals.\u201d<\/p>\n\n\n\n

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    Tracey Woo<\/h3>\n\n\n\n

    VP and head, HNW Planning Services, Family Office Services, RBC Wealth Management<\/p>\n\n\n\n

    \u201cThe High Net Worth Planning Services and Business Owner Specialist team has broad experience working with families and business owners who have complex wealth planning needs. We look strategically and holistically at each client\u2019s picture, providing customized guidance to help families and business owners protect, grow and transfer their wealth with clarity.\u201d<\/p>\n\n\n\n

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    Rick Mirabelli<\/strong><\/h3>\n\n\n\n

    VP, National Will and Estate Planning Services, Family Office Services, RBC Wealth Management<\/p>\n\n\n\n

    \u201cFor our Will and Estate Consultants, the focus is on what\u2019s important to the client and planning that will help them protect their loved ones and gain peace of mind. Whether it\u2019s effectively transferring wealth, safeguarding assets, protecting their estate or leaving a lasting legacy, our team supports with guidance that fits the client\u2019s needs and intentions.\u201d<\/p>\n\n\n\n

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    Heather Powers<\/strong><\/h3>\n\n\n\n

    Director, RBC Charitable Gift Program, Family Office Services, RBC Wealth Management<\/p>\n\n\n\n

    \u201cPhilanthropy is at the heart of some clients\u2019 ambitions, and we approach conversations with that in mind. Rooted in the client\u2019s values, charitable giving sits at the intersection of those values alongside taxes and planning. Our Philanthropic Advisory Services team explores options and incorporates giving into wealth and legacy planning in a meaningful way.\u201d<\/p>\n\n\n\n

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    Frans LeRoij<\/h3>\n\n\n\n

    VP, Financial Planning, Family Office Services, RBC Wealth Management<\/p>\n\n\n\n

    \u201cOur Financial Planning Consultants work with RBC advisors and clients, supporting the wealth planning journey with financial projections and assisting with complex planning scenarios. We\u2019re often the beginning of the planning experience and take pride in helping clients visualize and plan for their financial future.\u201d<\/p>\n\n\n\n

    \"Frans<\/figure>\n<\/li>\n<\/ul><\/div>