MINNEAPOLIS (January 9, 2024) — RBC Wealth Management, one of the nation’s largest full-service wealth management firms, announced that 85 financial advisor teams were named to the Forbes “Best-in-State Wealth Management Teams” ranking.
The award recognizes top financial advisor teams at national, independent, regional and bank broker-dealers from across the country based on factors such as client retention, industry experience, and qualitative criteria including assets under management and revenue generated for their firms.
“Congratulations to our awardees for this notable recognition,” said Michael Armstrong, CEO of RBC Wealth Management – U.S. “These teams put their clients at the center of everything they do and deserve this industry honor for their hard work and expertise.”
The complete list of RBC Wealth Management’s Best-In-State Wealth Management Teams:
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 Wealth Management 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 $513 billion in total client assets with more than 2,100 financial advisors operating in 190 locations in 42 states.
Media contactMegan Boldt, RBC Wealth Management, 612-371-6123, megan.boldt@rbc.com
The 2024 Forbes Best-In-State Wealth Management Teams award was announced January 2024. Data as of 3/31/23. The award was developed by SHOOK Research and is based on in-person, virtual and telephone due diligence meetings and a ranking algorithm that includes: a measure of each team’s best practices, 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. SHOOK’s research and rankings provide opinions intended to help investors choose the right financial advisor and team, and are not indicative of future performance or representative of any one client’s experience. Past performance is not an indication of future results. 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.
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.