MINNEAPOLIS, (November 4, 2025) — RBC Wealth Management has promoted 20-year RBC veteran Peter Kolar to lead a new complex in Wayzata, Minnesota. Kolar will lead 90 financial advisors in seven branches.
“Peter is a well-respected leader at RBC Wealth Management, and he’s always been a strong advocate for financial advisors and clients,” said Central Divisional Director Wally Chapman. “With his deep expertise and commitment to our client-first culture, I’m confident Peter will thrive in this new role.”
For the past twelve years, Kolar has been a wealth management consultant at RBC Wealth Management, working closely with leaders and advisors across RBC Wealth Management’s Central division. He joined RBC Wealth Management in 2003 as a portfolio analyst and also has experience working as a consultant at an institutional investment consulting firm working with large health care and corporate clients.
Kolar is a graduate of Creighton University. He earned his Chartered Financial Analyst® designation, has passed the FINRA Series 7, 9, 10 and 66 exams and is a member of both the CFA Institute and the CFA Society of Minnesota.
The Wayzata complex will be the central hub for Minnesota branches in Wayzata, Duluth, Lilydale, Minnetonka and St. Cloud, as well as branches in Fargo, North Dakota, and Sioux Falls, South Dakota.
Bill Boehm continues in his role as Minneapolis complex director for RBC Wealth Management and will lead 125 financial advisors in the Minneapolis, Edina, North Oaks, Rapid City, Rochester and Stillwater branches.
“RBC Wealth Management has a long history of doing what’s right for clients and being the destination of choice for advisors,” said Kolar. “I’m honored to continue to work with the incredible teams in this region to grow our business and support advisors.”
RBC Wealth Management is a leading financial services company in the United States, delivering trusted advice and world-class wealth solutions to individuals, families and businesses. With 195 offices across 42 states, RBC Wealth Management supports the complex needs of high-net-worth clients through customized wealth planning, investment management, retirement planning and more. As part of RBC, a diversified global financial institution and one of the world’s largest banks based on market capitalization, RBC Wealth Management offers the scale, resources and expertise to help clients achieve their financial goals. RBC Wealth Management, a division of RBC Capital Markets, LLC, registered investment adviser and Member NYSE/FINRA/SIPC. Learn more at rbcwm.com.
Jennifer Ehrlich, RBC Wealth Management, jennifer.ehrlich@rbc.com, 612-202-6403
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