MINNEAPOLIS (September 30, 2024) — RBC Wealth Management announced today that the firm will reorganize its three Private Client Group divisions into four, effective Nov. 1, 2024. The firm’s current West division will be divided into two. The move to four divisions is a strategic decision to position the firm to take advantage of the tremendous growth opportunities, particularly in the western U.S.
Colin Hawkes, currently the firm’s Pacific Northwest complex director, will become the newest divisional director, leading the revamped West division, which will span 34 branches across three complexes in Washington, Oregon, California and Nevada. Hawkes joined RBC Wealth Management in 2023, with 24 years of industry experience and brings extensive management experience and deep regional knowledge to the divisional director role.
Darryl Traweek, current West divisional director, will have leadership responsibility for the newly formed Mountain South division, comprised of 32 branches across four complexes in Texas, Arizona, New Mexico, Nevada, Colorado, Utah, Idaho, Montana and Wyoming. Traweek has been a leader at RBC Wealth Management since 1994 and will have a refined focus on growth opportunities within the Mountain South division.
Traweek and Hawkes, together with Wally Chapman, Central divisional director, and Pat Vaughan, East divisional director, will accelerate advisor recruiting and drive growth initiatives across RBC Wealth Management’s Private Client Group.
“By splitting our current West division into two, our divisional directors will be better able to concentrate on growth opportunities in high-potential markets, while continuing to provide key support to our financial advisors and clients” said Tom Sagissor, president of RBC Wealth Management – U.S. “Adding Colin Hawkes to our divisional leadership team will bring more support for our advisors and help position RBC Wealth Management to accelerate our growth on the West Coast.”
About RBC Wealth Management – U.S.Founded in 1909, RBC Wealth Management delivers trusted advice and world-class wealth solutions to individuals, families and institutions. A subsidiary of Royal Bank of Canada (RBC), it is one of the largest full-service wealth management firms in the U.S., supporting the complex needs of high-net-worth and institutional clients by providing access to private banking, credit, investment management, asset management and other services. In the United States, RBC Wealth Management had $619 billion in total client assets (as of July 31, 2024) with more than 2,100 financial advisors operating from 191 locations in 42 states. RBC Wealth Management, a division of RBC Capital Markets, LLC, registered investment adviser and Member NYSE/FINRA/SIPC. Learn more at rbcwm.com.
Media contactMegan Boldt, RBC Wealth Management, 612-371-6123, megan.boldt@rbc.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.