MINNEAPOLIS (September 13, 2016) – RBC Wealth Management-U.S., one of the nation’s largest full-service securities firms, today named Wally Chapman director of its central division. In that role, Chapman will be responsible for 54 branches and nearly 600 advisors in eight complexes.
Chapman joined RBC Wealth Management more than 20 years ago as a financial advisor, working his way up to manager of the firm’s Edina, Minnesota branch before assuming leadership of the firm’s 140-person Minneapolis complex in March 2015.
“Wally has made an incredible impact on our business as director of our Minneapolis complex,” said Tom Sagissor, president of RBC Wealth Management-U.S. “His energy, deep understanding of the business and commitment to both our clients and advisors make him the perfect fit to lead RBC Wealth Management’s Central Division.”
Earlier this year, industry trade publication On Wall Street included Chapman in its list of top 100 branch managers in the United States.
“This is an exciting time for RBC Wealth Management, with many opportunities for growth in the coming years,” Chapman said. “I am excited to join the firm’s senior leadership team as we work to bring the many and expanding capabilities of RBC Wealth Management to existing and new clients in the U.S.”
Before starting a career in financial services in 1988, Chapman played four years of hockey for the University of Minnesota, where he was captain of the team in 1986. He went on to play two years of minor league hockey, one in Germany and one in Utica, New York. Chapman joined RBC Wealth Management-U.S. in 1995. Today, in addition to his leadership role at RBC Wealth Management, he is heavily involved in the local community and serves on the boards of the Minneapolis Downtown Council and Hospitality House Youth Development.
In the United States, RBC Wealth Management operates as a division of RBC Capital Markets, LLC. Founded in 1909, RBC Capital Markets, LLC. is a member of the New York Stock Exchange, the Financial Industry Regulatory Authority, the Securities Investor Protection Corporation, and other major securities exchanges. RBC Wealth Management has $284 billion in total client assets with approximately 1,800 financial advisors operating in 200 locations in 40 states.
Nicole Garrison, RBC Wealth Management612-371-2999, nicole.garrison@rbc.com
The OnWallStreet Top 100 Branch Manager Awards are based on nominations from peers and firms. Nominees are evaluated on leadership, dedication to superior client service and their ability to recruit, develop and retain talented advisors. Winners are chosen by a panel of independent judges. The award is not reflective of past investment performance or of client satisfaction.
Investment and insurance products offered through RBC Wealth Management are not insured by the FDIC or any other federal government agency, are not deposits or other obligations of, or guaranteed by, a bank or any bank affiliate, and are subject to investment risks, including possible loss of the principal amount invested.