Approach to Wealth Management
Our approach integrates your objectives into a personalized 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:
- Understanding Your Financial Objectives — We begin by listening to understand you and your financial objectives.
- Gathering Your Current Financial Information — Together, we gather specific information on your financial picture.
- Developing Smart, Time-Tested Strategies — Next, we analyze your financial and personal information to match your objectives with sound strategies.
- Implementing Thoughtful and Creative Solutions — We develop customized solutions tailored to your objectives, drawing from a wide selection of world-class products and services.
- Providing Timely, Ongoing Service — We regularly review your situation to help ensure your financial objectives are being met.
Personal Wealth Management
We help individuals and families create comprehensive wealth management plans. Wealth management encompasses every stage of your financial life: Accumulating, Protecting, and Transferring Wealth. More important, it looks at the unique circumstances and goals that drive your decisions in each stage. Our planning goes beyond investing to address the more specialized and complex issues that confront people with substantial assets, such as estate planning, tax strategies and risk management.
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.
Wealth Management Professionals
The Wealth Management Professionals serve as a resource to RBC Wealth Management® financial advisors. They develop a stronger understanding of your personal financial objectives, gather valuable information and support complex financial and wealth strategies issues for the clients of RBC Wealth Management.
|Liz Jacovino, CFP®, CTFA|
Vice President – Wealth Strategies Consultant/Estate and High Net Worth
Liz has spent the past decade working with advisors and clients, showing them how to preserve wealth and value in their estates for future generations. Liz is a graduate of Johnson and Wales College. She holds the CERTIFIED FINANCIAL PLANNER™ certification and the Certified Trust Financial Advisor (CTFA) designation. Liz is also Adjunct Professor at Pace University’s College for Professional Education, where she teaches estate planning. As part of her responsibilities, Liz works with RBC Wealth Management Financial Advisors to develop appropriate wealth management solutions for clients in the areas of estate and business succession planning. Liz places special emphasis on helping clients control estate and gift taxes. She specializes in reviewing clients’ existing estate and business succession plans, and making recommendations for changes, when appropriate.
Vice President – Retirement Plan Consultant
Todd joined RBC Wealth Management in 2008 and has 24 years’ experience in the financial services industry. He received his Bachelor of Science degree in business administration from Virginia Commonwealth University. Todd has in-depth experience in analyzing organizations’ retirement plan needs and recommending appropriate vehicles, including 401(k), profit-sharing and defined benefit plans, and SIMPLE and SEP IRAs. As part of his responsibilities, he consults with corporations and non-profit groups of all sizes to help develop strategies and solutions for their ERISA and non-ERISA retirement plan needs. Todd has expertise in the areas of plan design, employee education, fiduciary issues and asset allocation. He does extensive research into retirement plan providers. He also assists RBC Wealth Management Financial Advisors in servicing clients’ retirement plans. Todd helps create and maintain investment policy statements, and he is involved in investment monitoring, plan design and portfolio consulting.
Senior Credit Officer
Aleksandra joined RBC Wealth Management in 2005 and received her BBA from Pace University. She helps financial advisors educate clients about the advantages of using securities-based lending to help meet a variety of goals, including real estate purchases, bridge financing, construction financing and leveraging of investment portfolios. Aleksandra has particular expertise in all aspects of RBC Wealth Management’s Premier line of Credit, a LIBOR-based product. She assists clients in opening and maintaining the Premier Line, and she is involved in all funding and operational issues.
|Michael P. Berens|
Vice President – Wealth Planning and Insurance Consultant
Mike has been with RBC Wealth Management since 1999. Previously, he spent 13 years in the financial services industry. He has worked as a registered representative and as a senior executive focusing on meeting the financial planning and estate planning needs of individual clients. Mike received his B.S. degree from Mount St. Mary's University. As part of his responsibilities, Mike works with other RBC Wealth Management wealth management professionals to support the firm’s financial advisors in all aspects of the wealth planning process. Mike specializes in employing insurance-based strategies and solutions – including long-term care insurance, term life insurance, irrevocable life insurance trusts and survivorship life insurance – to help clients achieve their wealth and estate planning goals.
Thomas has worked directly with clients in a variety of consultative roles since entering the financial services industry in 2003. He earned a B.A. from the University of Delaware and a M.B.A. with a concentration in finance from Goldey-Beacom College in Wilmington, Delaware. He specializes in collaborating with RBC Wealth Management® Financial Advisors to deliver trust solutions to high-net worth individuals and families as part of a holistic wealth management planning solution. He is responsible for offering trust and custodial services through Financial Advisors who then remain the main point of contact for clients. His overall goal is to enhance and support client-advisor relationships as well as to identify trust solutions that both optimize opportunities and mitigate risks. As a former Financial Advisor, Thomas has a strong background in retail investing — with a special emphasis on understanding and complying with fiduciary responsibilities related to investments held in trusts. Because of his experience as an investment professional and working with private bankers, he adds tremendous value by asking open ended questions to help discover the important issues and concerns that may affect each client’s financial well-being and trust directives. In addition to providing expert recommendations on a broad range of specific trust structures, Thomas has a deep knowledge of the Delaware trust system as a wealth building and preservation tool.
|John McLeod, TEP|
Director, International Solutions
John C. McLeod is a Director, International Solutions, with RBC Wealth Management in Toronto. He works with high-net-worth clients and their professional advisors to develop and implement customized international wealth management plans and strategies.
John began his career in the Canadian trust industry. He now has nearly two decades of international experience within RBC, working with RBC Wealth Management offices based in virtually all parts of the world. He has held a range of management positions, and has acquired extensive experience and expertise in achieving long-term wealth management goals through the use of international trust and company structures, family and charitable foundations and other asset protection and succession strategies. In addition to private banking and credit arrangements, his clients receive services ranging from multi-jurisdictional strategies for investment management and estate planning to specialized solutions such as captive insurance structures in closely held companies. He now concentrates primarily on serving clients residing in the United States and Ontario.
John holds degrees in sociology and business from Dalhousie University in Halifax, Nova Scotia. He has also earned the internationally recognized Trust and Estate Practitioner designation from the Society of Trust and Estate Practitioners.
|David Brown |
Vice President - Wealth Management Consultant
David Brown is Vice President and Wealth Management Consultant for RBC Wealth Management. David is based in Richmond, VA and helps Financial Advisors and their clients identify strategies to accumulate wealth and convert that wealth to income, based on client objectives, in the firm’s South region. As part of his responsibilities, David helps RBC Wealth Management Financial Advisors address the investment and retirement planning needs of high net worth individuals. David joined RBC in 2012 and has over 12 years of experience in the financial services industry. He received his Bachelor of Arts degree from Randolph-Macon College. He has earned the Certified Investment Management Analyst (CIMA) designation, and holds the Series 7 securities licenses.
These services and information are provided by Royal Bank of Canada and its affiliates, including RBC Capital Markets, LLC, a wholly owned subsidiary of Royal Bank of Canada. Services provided by affiliates are subject to their terms and conditions, including credit approval. Credit specialists are employees of Royal Bank of Canada. RBC Wealth Management and/or your Financial Advisor may receive compensation in connection with offering or referring these services. Trust Services are provided by third parties. 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 you investments should be made in consultation with your independent tax or legal advisor.