MINNEAPOLIS (July 7, 2020) – RBC Wealth Management – U.S. today named Lauri Droster to the role of St. Paul Complex Director, effective August 1. In her new position, Droster will oversee eight branches, 88 advisors and 75 support staff.
“Lauri is a highly successful financial advisor who is known throughout our firm as a strong leader and passionate mentor who brings out the very best in everyone she works with,” said Wally Chapman, central division director for RBC Wealth Management – U.S. “I can’t imagine anyone better suited for this role.”
Droster previously served as branch director of RBC Wealth Management’s Madison, Wisconsin branch, where she not only grew her own book of business, but also led the branch to a 37 percent increase in production. She maintains a reputation for hiring, developing and promoting diverse employees. In 2018, she was the recipient of the firm’s Gail Winslow Award, which recognizes a woman at RBC Wealth Management who demonstrates exemplary efforts to help attract, support and retain female clients and financial advisors.
“Coaching and training are among my passions, so this new leadership role is ideal for me,” Droster said. “I’ve been a successful advisor and a top producer in this industry and, as a woman, I bring a different perspective to the job. I know how to achieve organic growth, and I know the value of diverse teams. These will be top priorities for me and I’m thankful for this opportunity and the recognition from my firm.”
Droster began her career in the securities industry in 1986 in the operations area of a bank trust department. She joined RBC Wealth Management – U.S. in 1992 as part of a high-performance team helping clients achieve their financial goals, and assumed leadership of the team in 2001. Since 2003, Droster has been recognized annually as a member of the firm’s Chairman’s or President’s Councils, which recognize employees for their outstanding production, performance and professional growth. Other honors include being named a 2020 Forbes/SHOOK Best-In-State Wealth Advisor, and a 2020 Forbes/SHOOK Top Women Wealth Advisor. In 2010 she was selected as the Edgewood College MBA Distinguished Alumnus, and in 2011 Droster received the ATHENA Award from The Business Forum in recognition of her long-standing leadership in business.
Droster graduated from the University of Wisconsin–Stevens Point with a Bachelor of Science in mathematics and earned a Master of Business Administration degree from Edgewood College. In 2001, she achieved the CERTIFIED FINANCIAL PLANNER™ certification after finishing the highly demanding and extensive curriculum, and in 2011 she completed RBC’s Accredited Wealth Manager program.
“Lauri truly embodies the values of RBC and is the perfect fit for this opportunity,” said Tom Sagissor, president of RBC Wealth Management – U.S. “I am confident she will grow and strengthen our St. Paul Complex and am proud to see her stepping into an important leadership role.”
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 $379 billion in total client assets with more than 2,000 financial advisors operating in 179 locations in 42 states.
Tim Nelson, RBC Wealth Management, 612-371-2239, tim.nelson@rbc.com
The 2020 Forbes “Top Women Wealth Advisors” award was announced April 2020. Data as of 9/30/2019. The award was developed by SHOOK Research and is based on in-person and telephone due diligence meetings to evaluate each advisor qualitatively, a major component of a ranking algorithm that includes: client retention, industry experience, review of compliance records, firm nominations; and quantitative criteria, including: assets under management and revenue generated for their firms. Investment performance is not a criterion because client objectives and risk tolerances vary, and advisors rarely have audited performance reports. Rankings are based on the opinions of SHOOK Research, LLC and not indicative of future performance or representative of any one client’s experience. The financial advisor does not pay a fee to be considered for or to receive this award. This award does not evaluate the quality of services provided to clients. This is not indicative of this financial advisor’s future performance. For more information: www.SHOOKresearch.com.
The 2020 Forbes “Best-In-State Wealth Advisors” award was announced January 2020. Data as of 6/30/2019. The award was developed by SHOOK Research and is based on in-person and telephone due diligence meetings to evaluate each advisor qualitatively, a major component of a ranking algorithm that includes: client retention, industry experience, review of compliance records, firm nominations; and quantitative criteria, including: assets under management and revenue generated for their firms. Investment performance is not a criterion because client objectives and risk tolerances vary, and advisors rarely have audited performance reports. Rankings are based on the opinions of SHOOK Research, LLC and not indicative of future performance or representative of any one client’s experience. Neither Forbes nor SHOOK Research receive compensation in exchange for placement on the ranking. The financial advisor does not pay a fee to be considered for or to receive this award. This award does not evaluate the quality of services provided to clients. This is not indicative of this financial advisor’s future performance. For more information: www.SHOOKresearch.com.
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.