RBC Wealth Management Revamps Practice Management Support

The firm is launching a new adviser support program featuring dedicated coaches and customized online tools to support firm growth and improve the client experience.

RBC Wealth Management has unveiled a new, customizable practice management program designed to help individual advisers and adviser teams grow their business and improve work-life balance.

Nate Angelo, head of wealth management consulting at RBC Wealth Management, says the goal of the new program was “to create a practice management platform that is tailored to each individual or team and meets the needs of advisers at all points of the financial adviser lifecycle.”

According to the firm, the expanded support program offers customized digital resources, a high-touch delivery model and coaching tailored to help advisers and teams assess their current state. 

“Those resources are tailored to each adviser, using a new online practice management assessment tool that comprehensively evaluates an adviser’s business in less than 30 minutes with a series of unique questions tailored to each adviser’s specific responses,” Angelo explains. “The assessment provides advisers and teams with a benchmark to compare against other successful practices and discover gaps that are preventing growth.”

Following completion of the assessment, the online tool generates a customized action plan to help the adviser and coach achieve their identified goals and objectives. In addition to the online resources, five dedicated coaches, with a combined 100 years of total coaching experience, will help administer the program across the firm’s U.S. footprint with custom one-on-one coaching and consulting designed to help refine their practices. The program also offers group training in the form of affinity/cohort adviser groups and workshops.

More information is available here.