Our approach to wealth management
Our holistic approach to wealth management integrates your objectives into a personalized financial game plan that can be updated as life changes occur. We combine sophisticated investment planning tools with professional resources to help match your objectives with customized solutions. Our process includes:
Discovery
At RBC Wealth Management, our first priority is to help you achieve your financial objectives. We begin the wealth management process by listening to you. We want to make certain we understand exactly what your financial goals are. It might mean purchasing a new home, funding a business venture, ensuring a successful retirement, seeing that the cost of educating your loved ones is met, setting aside funds that benefit family members with special needs, or leaving a legacy for future generations and perhaps your community.
We also want to understand your feelings about investing. This requires a thorough review of your time horizon, liquidity needs, tolerance for risk, and rate-of-return requirements. If there are elements of the financial markets you wish to avoid for personal reasons — such as investments associated with tobacco use, environmental pollution, or war — we want to know them so we can tailor your investment portfolio accordingly.
Our mission is to understand and honor what’s really important to you — your unique hopes and dreams. Your vision. It reflects our genuine interest in helping you to leverage your wealth to get the most out of life. And it speaks to the pride we take in seeing our clients transition from personal success to personal significance.
Gathering information
The next step in our process is to take a picture of your entire financial life. We want to know everything about your current financial situation. It involves a complete review of your living expenses, your savings and investments, your sources of income, and your life, disability, and long-term care insurance policies. It also includes a thorough review of your estate plan documents such as wills, trusts, powers of attorney and health care directives. We will work closely with your accountant, your attorney and other advisors to help ensure you have a strong team in place. Often, we will be your quarterback, to help make sure that all of your advisors are functioning in a coordinated manner to best meet your expectations.
Implementing thoughtful and creative solutions
By staying true to our mission for nearly four decades, we have developed a strong specialization in delivering sophisticated strategies and solutions for individuals and families with highly complex financial lives. It’s a specialization that requires a significant investment of time, talent, empathy and focused attention. To us, it means careful planning, disciplined methods, sound judgment based on years of experience, and flexibility to adapt to new challenges and opportunities.
Providing timely, ongoing reviews
Whether it’s a phone conversation or a meeting, the communication is comprehensive, understandable, and ongoing. We provide monthly statements summarizing all account activity, as well as written confirmations as transactions occur. You, and in most instances your tax preparer, will also receive consolidated tax reporting. We routinely provide summary reports to bring greater clarity to your particular asset allocation plan by account registration, as well as investment type and style. We also provide financial projections and performance reports to measure your progress against stated goals.
