RBC Wealth Management creates new practice management program



Dedicated coaches and customized online tools to support advisor growth and improve client experience

MINNEAPOLIS, Minnesota (July 19, 2018) – RBC Wealth Management – U.S. today unveiled a new, customizable practice management program designed to help individual advisors and advisor teams grow their business, improve their quality of life and maximize their potential.

“We understand that every advisor’s journey is unique,” said Nate Angelo, head of Wealth Management Consulting at RBC Wealth Management – U.S. “Our goal was to create a practice management platform that is tailored to each individual or team and meets the needs of advisors at all points of the financial advisor lifecycle.”

The program offers customized digital resources, a high-touch delivery model and coaching tailored to help advisors and teams assess their current state and develop a roadmap to guide them to where they’d like to go. Those resources are tailored to each advisor, using a new online practice management assessment tool that comprehensively evaluates an advisor’s business in less than 30 minutes with a series of unique questions tailored to each advisor’s specific responses. The assessment provides advisors and teams with a benchmark to compare against other successful practices and discover gaps that are preventing growth. Following completion of the assessment, the online tool generates a customized action plan to help the advisor and coach achieve their identified goals and objectives.

“The new online resources and coaching enable us to meet advisors where they are and get them beyond where they thought possible,” Angelo said.

In addition to the online resources, five dedicated coaches, with a combined 100 years of total coaching experience, will help administer the program across the firm’s U.S. footprint with custom one-on-one coaching and consulting designed to help refine their practices. The program also offers group training in the form of affinity/cohort advisor groups and workshops.

Together, coaches and the online program resources will help advisors and teams tackle a variety of topics, including business planning, client service models, scalability, defining responsibilities and building a healthy team.

“This new practice management team will use a fully consultative approach to help each one of our advisors strengthen their business in multiple ways,” added Angelo.

About RBC Wealth Management – U.S.

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 $336 billion in total client assets with approximately 1,800 financial advisors operating in 200 locations in 40 states.

Media Contact:

Jonell Lundquist, RBC Wealth Management, 612-371-2239, or Jonell.lundquist@rbc.com