Our Process

The Structured Wealth Management Approach

“Being rich is having money; being wealthy is having time.” Henry Ward Beecher

The structured wealth management approach is consultative, comprehensive, and based on facts, data and thorough analysis.

Why You Need Structured Wealth Management

“Risk comes from not knowing what you are doing.” Warren Buffet

If you don’t want to be dependent on your pension income, you need to effectively manage the money you do have. Wealth management’s aim is to help you make smart, rational choices about your finances so that you can control your own destiny and build the life you want for yourself and your family.

So ask yourself: Do you want to create a plan to address those issues structurally, or do you want to leave it all to chance? Do you have the knowledge and time required to coordinate investment, tax and estate strategies on your own?

The Planning Process

“If you fail to plan, you are planning to fail.” Benjamin Franklin

Understand your unique situation, your key goals and values and the challenges you face in achieving what is most important to you. Once these goals are established and understood, your plan can be designed.
Prepare comprehensive personal financial plans to help clients identify and reach specific goals with respect to retirement, education, major purchase funding and estate planning.
Creating customized investment recommendations that match your long term objectives.
Strategic insurance solutions for the creation, protection and transfer of wealth.
Provides you with information on structuring your estate in an efficient and tax effective manner.
Continue to monitor your financial plan regularly and prudently modify the plan should circumstances dictate.

Investment Process

“In the long run, a portfolio of well-chosen stocks and/or equity mutual funds will always outperform a portfolio of bonds or a money-market account. In the long run, a portfolio of poorly chosen stocks won't outperform the money left under the mattress.” Peter Lynch

Your portfolio will be designed to meet your income need and will be guided by your risk budget.
Diversification is paramount in reducing risk and volatility.
A Disciplined perspective is the key to long term investment success.
Timing the market is virtually impossible
Owning a broadly diversified portfolio of high quality companies creates wealth over the long run.

A plan for your priorities

Getting the right investment advice is a key part of managing wealth. But it's just one part of a bigger picture.

That's why you deserve a coordinated wealth management strategy that helps to address the financial concerns at each stage of life, such as:

Growing assets for future goals like retirement
Maintaining assets to protect financial well-being
Creating an income stream for retirement
Creating a lasting legacy

View transcript & Disclaimer

Do you ever find yourself asking questions like, how can I manage my family's higher tax burden and lower our taxes? How can I reduce the financial risks facing my family? How can I maximize my after-tax retirement income? How can I leave a greater legacy to my family and charity? If you're asking questions like these, you may have reached a stage in life where your financial affairs have become more complex.

That's where wealth management can help. So, what is wealth management? Wealth management is a term often used synonymously with investment management. But it's actually much more than that. Wealth management goes beyond investment management to look at your overall financial situation. It brings together the different areas of expertise and solutions you need in a single overall wealth plan.

This includes investing, financial planning, tax minimization strategies, retirement planning, business succession planning, wealth protection strategies, and estate planning. Essentially, wealth management looks at everything you need to address your various financial concerns at each stage of your life, from building your wealth for future goals like retirement to converting your wealth into a tax-efficient retirement income to transferring your wealth to the next generation.

One of the most important benefits of wealth management is that it's a coordinated approach. That means that you have one key advisor who links in experts from other areas. For example, RBC wealth advisors each specialize in different areas, such as investment management, financial planning, or private banking. But they work together to make sure their clients have the benefits of all of these different areas of expertise.

And at RBC, each of our wealth advisors also has the support of the RBC wealth management services team. The RBC wealth management services team has over 200 tax, legal, and financial experts all focused on helping RBC advisors manage their clients' wealth.

So what is wealth management? Ultimately, wealth management is really all about helping you make sense of the greater financial complexity you face and giving you greater confidence in your financial future. If you would like to learn more about how you can benefit from wealth management, I invite you to contact your RBC wealth management advisor.

This video is provided by RBC Wealth Management for informational purposes only. The comments contained in this video are general in nature, and do not constitute legal, investment, trust, estate, accounting or tax advice. RBC Dominion Securities Inc.*, Royal Trust Corporation of Canada, The Royal Trust Company, RBC PH&N Investment Counsel Inc., RBC Wealth Management Financial Services Inc. are affiliated corporate entities and member companies of RBC Wealth Management, a business segment of Royal Bank of Canada. *Member – Canadian Investor Protection Fund. Please visit www.rbc.com/legal/ for further information on the entities that are member companies of RBC Wealth Management. ®/TM Trademark(s) of Royal Bank of Canada. Used under license. © 2021 Royal Bank of Canada. All rights reserved.