Byron Ellingson, AIF®, AWM, CFP®, MBA

Senior Vice President - Branch Director, Portfolio Manager - Portfolio Focus

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I have been helping clients achieve their financial goals since 1981. I have an MBA in finance from the University of St. Thomas. Additionally, I successfully obtained the Certified Financial Planner ™ certification, which requires a comprehensive understanding of investments, insurance, retirement planning, taxes and estate planning. Also, I have earned the firm’s internal, professional designation of Accredited Wealth Manager (AWM). This academic program, sponsored by RBC Wealth Management and Michigan State University, builds on the fundamentals of Wealth Management with a focus on advanced knowledge of investment strategies, insurance, estate planning strategies, charitable giving, business succession solutions, and retirement planning for high net worth clients. I have been awarded the professional designation Accredited Investment Fiduciary™ (AIF®) from the Center for Fiduciary Studies which is associated with the University of Pittsburgh’s Katz Graduate School of business. Holders of the AIF® designation have completed a specialized program and successfully passed a comprehensive exam. Designees must demonstrate understanding and be able to articulate the legal, standard of care and regulatory environment surrounding investment fiduciaries.

Retirement planning

I advise corporations on their retirement plans. My goal is to improve employee participation, reduce cost to the employer and improve employee understanding, confidence and satisfaction. I also hold the PLANSPONSOR Retirement Professional (PRP) designation. PLANSPONSOR is an organization dedicated to serving the retirement plan industry. They do this through a monthly magazine, numerous regional and national conferences, educational training and a comprehensive website (


I’m a Minnesotan… born, raised and trained. My wife Char is a professor at Minnesota State University Mankato and has earned  her PhD in Education from the University of Minnesota. Our menagerie includes two daughters, two son-in-laws, four grandsons, and two dogs. Giving back to the community has been a long-term commitment, and both my wife and I are on area charitable foundation advisory boards. Travel, trout streams and grouse coverts are my favorite distractions.

Tim Ernste

Senior Financial Associate

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Value statement

I believe in building strong client relationships based on trust. I accomplish this by implementing long-term proven investment strategies that help guide my clients and their families through the stages of wealth accumulation, wealth protection and, ultimately, obtaining life goals. I believe that a sound retirement plan that accounts for dependable income during your golden years is the key to a peaceful and prosperous retirement.

Qualifications/Professional history/Community

I began my 20+ year career in the financial services industry as a commercial banker for a large global banking group based in southern Minnesota. From there, I transitioned into their wealth management group as a senior private banker before settling into my current role as a financial advisor. I joined RBC Wealth Management in August 2018. I have passed the Series 7 and Series 66 exams, and hold life and health insurance licenses. I have also had extensive training in family wealth planning and individual retirement planning.

Education background

I graduated cum laude from Minnesota State University–Mankato with a degree in corporate finance. I was a past president of the Mankato Area Chapter of Ducks Unlimited, and involved with Kiwanis and the United Way.


I was born and raised in Faribault, Minnesota. I spent the first 13 years of my career in Mankato before moving to Rochester, Minnesota, in 2009. My wife, Floranne, and I have two children: Colton and Tori. We also have a third child: our black lab, Lacy. I enjoy the outdoors in my spare time—golfing, hiking, hunting and fishing. My true passion, however, is taking advantage of youth sports coaching opportunities with my children.

Linda Oliver Buss

Senior Registered Client Associate


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