Why investors choose RBC Wealth Management

At RBC Wealth Management, we’re proud to be one of the largest full-service securities firms in the nation. There are thousands of investment firms to choose from out there, but investors pick us because we offer a comprehensive approach to wealth management and world-class investment solutions. Moreover, we have a reputation for integrity and reliability.

13 wealth management essentials

1. Investments

Define a disciplined investment strategy that is supportive of growing, maintaining and distributing your assets in a manner appropriate for your life objectives and risk preference.

2. Qualified retirement plans

Develop a strategy for tax deferred assets to include maximizing tax deferral, income strategies, beneficiary designations, and gifting RMDs.

3. Stock compensation

Evaluate potential challenges associated with concentrated positions, including diversification risk and taxation. Review and identify liquidity opportunities and potential tax strategies.

4. Insurance

Identify and evaluate insurance coverages for income replacement in case of death or disability. Provide larger inheritance and/or liquidity for heirs in light of estate taxes.

5. Liabilities/liquidity needs

Develop suitable lending solutions for maintaining cash flow during unforeseen circumstances and residential and commercial debt financing via flexible secured lines of credit or other types of lending.

6. Business owner interests

Analyze and develop a tax efficient business succession plan to help you gain liquidity and transfer ownership or monetize value during your lifetime.

7. Titling of assets

Title assets appropriately based upon a comprehensive estate plan to better manage transfer and tax issues.

8. Durable power of attorney and medical directives

Establish formal direction for financial and health affairs, in case of incapacitation. Keep families educated and informed.

9. Executor/trustee

The role of executor or trustee is complex and the responsibilities are demanding. Establish suitable structure, choose appropriate executor and successor trustees.

10. Gifting to children/descendants/others during life

Develop an optimal gifting strategy for children and grandchildren.

11. Charitable gifting during life

Identify strategies that are appropriate to support your favorite charities during your lifetime with direct giving or through the formation of a foundation or donor advised fund. Involve family members as appropriate.

12. Distribution of inheritance

Develop appropriate end of life strategies to minimize estate tax burdens on your estate, while maximizing the size of your heirs’ inheritance.

13. Charitable inclinations at death

Develop optimal strategy to benefit the causes that matter to you, and to help keep your memory alive in the public – utilizing direct gifts, donor advisor funds, private foundations and trusts. Involve family members as appropriate.

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Resources to help young people learn about money management

To help prepare young people for building a secure financial future and avoid potentially dangerous mistakes, they need easy access to knowledge that's relevant to them. That's why we've collaborated with EVERFI®, an education technology company to provide timely and engaging resources.

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Disclosures

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. Trust services are provided by third parties. RBC Wealth Management and/or your financial advisor may receive compensation in connection with offering or referring these services. Neither RBC Wealth Management nor its financial advisors are able to serve as trustee. RBC Wealth Management does not provide tax or legal advice. All decisions regarding the tax or legal implications of your investments should be made in connection with your independent tax or legal advisor.

This educational material was developed by RBC Wealth Management in connection with EverFi, a digital education platform and resource. RBC Wealth Management is not affiliated with EverFi.

The information contained in the EverFi material has been derived from sources believed to be reliable, but no representation or warranty, express or implied, is made by RBC Wealth Management, its affiliates, or any other person as to its accuracy, completeness, or correctness. All opinions and estimates contained within the presentation constitute the judgment of EverFi, are subject to change without notice and are provided in good faith but without legal responsibility. This material is presented without regard to the individual financial circumstances and objectives of persons who receive it.

RBC Wealth Management does not provide tax or legal advice. All decisions regarding the tax or legal implications of your investments should be made in connection with your independent tax or legal advisor. No information, including but not limited to written materials provided by RBC WM should be construed as legal, accounting or tax advice.

Rama Gali, NMLS # 1890360 through City National Bank, may receive compensation from RBC Wealth Management for referring customers to City National Bank. Banking products and services are offered or issued by City National Bank, an affiliate of RBC Wealth Management, a division of RBC Capital Markets, LLC, Member NYSE/FINRA/SIPC and are subject to City National Banks terms and conditions. Products and services offered through City National Bank are not insured by SIPC. City National Bank Member FDIC.

Investment products offered through RBC Wealth Management are not FDIC insured, are not guaranteed by City National Bank and may lose value.

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