1. What is the difference between RBC Royal Bank and RBC Dominion Securities?

While both are part of RBC, they serve different client needs. RBC Royal Bank focuses on everyday banking and investment solutions, while RBC Dominion Securities is RBC's full service wealth management division for individuals and families seeking more comprehensive advice. Our approach goes beyond investments to include retirement, tax, insurance and estate planning. We also have access to an open architecture investment platform, allowing us to select investment solutions from across the industry rather than being limited to RBC products. Many clients continue to bank with RBC Royal Bank while relying on our team for long term wealth management.

2. Who is the ideal client for Benedetto Wealth Management?

Our ideal clients are business owners and high earning professionals, such as physicians, dentists and lawyers, who have more complex wealth planning needs. We specialize in helping clients manage personal and corporate wealth through comprehensive planning.

3. Do I need a minimum amount of investments to become a client?

We typically work with portfolios of at least $1 million. However, we regularly make exceptions for children of existing clients and high income professionals who are on track to reach that level, allowing us to build a strong financial plan early.

4. What can I expect during our first meeting?

Our first meeting is a relaxed, no obligation conversation focused on getting to know you, your goals, concerns and expectations. We use that information to determine whether we're a good fit and to begin building a comprehensive financial plan.

5. Is there a cost or obligation for an introductory meeting?

No. Our introductory meeting is complimentary and carries no obligation. We are happy to provide second opinions in a relaxed, pressure free environment.

6. What services do you provide beyond investment management?

Beyond investment management, we provide financial planning, risk management, insurance analysis, estate planning support, complimentary reviews of wills and powers of attorney with specialists, plus access to RBC Private Banking and commercial banking professionals.

7. How do you create a personalized financial plan?

We begin by understanding your family, career, goals and what you want your money to accomplish. We then build a customized financial plan and present it in an educational meeting that answers your key questions.

8. How do you determine which investments are right for me?

Your financial plan comes first. We then recommend investments that align with your goals, time horizon and risk tolerance using a broad range of investment solutions.

9. Are you limited to RBC investment products?

No. We have access to individual stocks, bonds, ETFs, mutual funds and other investment solutions across the industry, allowing us to build portfolios without product bias.

10. How do you help protect my portfolio during market downturns?

We believe in diversification, disciplined portfolio management and regular rebalancing. While volatility cannot be eliminated, having a sound plan and staying disciplined helps clients navigate uncertain markets.

11. How often will we review my financial plan and investments?

At a minimum, annually, although many clients meet with us more frequently depending on their needs. We also stay connected throughout the year.

12. Can you work with my accountant, lawyer and other advisors?

Absolutely. We regularly collaborate with accountants, lawyers and other professionals to ensure everyone is working toward the same objectives.

13. How are you compensated?

Our management fee is based on assets under management and generally declines as assets grow. Some investments also have embedded costs. We are fully transparent about all fees.

14. What is discretionary portfolio management?

We establish agreed upon investment guidelines and manage your portfolio within those parameters, allowing us to respond quickly to opportunities while remaining aligned with your goals.

15. Can you help reduce taxes?

Yes. Through thoughtful financial planning and tax efficient asset location, we help clients hold tax friendly investments such as capital gain and dividend producing assets in appropriate accounts whenever suitable.

16. Do you help incorporated business owners?

Yes. This is a core focus of our practice. We help business owners with corporate investing, tax planning and long term wealth strategies.

17. How do you help with retirement income planning?

We develop a roadmap that transitions your portfolio from accumulation to income, coordinating investment income with CPP, OAS and pension benefits.

18. How do you help with estate planning?

Our planning process helps identify legacy goals, trust needs and estate considerations. We collaborate with estate professionals to help ensure your wishes are reflected in your planning.

19. What if I already have an advisor?

We're glad you have someone helping you. We also offer complimentary second opinions so you can gain confidence that your current strategy is on track or identify opportunities for improvement.

20. Is transferring accounts difficult?

Not at all. We prepare the paperwork electronically or on paper, guide you through every step and coordinate the transfer process for you.

21. How do you stay in touch?

We connect through in person meetings, phone calls, WebEx meetings and educational client events throughout the year.

22. What makes your team different?

Our attention to detail, responsiveness and comprehensive planning process set us apart. We take time to understand every family so no opportunity is overlooked.

23. What should I bring to our first meeting?

If available, bring information about your income, tax returns, investments and spending. Most importantly, come prepared to discuss your goals and questions.

24. How long does it take to become a client?

The planning process usually takes one to three meetings. Account opening generally takes about a week, after which we present investment recommendations based on your plan.

25. What is the next step if I'd like to learn more?

Simply reach out to us. We'll respond within 48 hours to arrange an introductory meeting and discuss how we may be able to help.