NAPA recognizes RBC Wealth Management and 11 financial advisor teams

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MINNEAPOLIS (March 18, 2025)—The National Association of Plan Advisors (NAPA) has named 11 teams from RBC Wealth Management to its “Top Defined Contribution (DC) Advisor Teams” list, and also named RBC Wealth Management to its “Top DC Advisor Multi-Office Firms” list for 2025.

The “Top DC Advisor Teams” list recognizes leading retirement plan advisory teams–defined as operating from a single physical location–with over $100 million in assets under administration related to their defined contribution (DC) practice. The multi-office list highlights firms with more than one physical location with more than $1 billion in DC assets under advisement.

“We are honored to have our advisor teams recognized on NAPA’s ‘Top Defined Contribution (DC) Advisor Teams’ list,” said Michael Armstrong, CEO of RBC Wealth Management–U.S. “This distinction reflects their deep expertise in retirement planning and their unwavering commitment to clients.”

RBC Wealth Management teams named as 2025 Top DC Advisor Teams by NAPA:

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 $667 billion in total client assets (as of January 31, 2025) with more than 2,200 financial advisors operating from 192 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 contact

Kris Herberg, Director, Communications, RBC Wealth Management, 612-371-2987 kris.herberg@rbc.com


The 2025 National Association of Plan Advisors’ Top DC Advisor Teams award was announced March 2025. Data as of 12/31/2024. The award recognizes retirement plan advisor teams with at least $100 million in defined contribution assets under advisement. This award does not evaluate the quality of services provided to clients and is not indicative of the advisor’s future performance. The financial advisor does not pay a fee to be considered for or to receive this award.

The 2025 National Association of Plan Advisors’ Top DC Advisor Multi-Office Firms listing was announced March 2025. Data as of 12/31/2024. The list recognizes retirement plan advisor firms with multiple office locations and at least $1 billion in defined contribution assets under advisement. It does not evaluate the quality of services provided to clients and is not indicative of the advisor’s future performance. The firm does not pay a fee to be considered for or to receive this recognition..