What does "wealth" mean to you? It could be about protecting your family's security, freeing your time to pursue what's important to you, creating a lasting legacy or making a real difference in your community.
A comprehensive approach to wealth management starts with an understanding of what wealth really means to you—and what you hope to accomplish with it.
From this starting point, The Michael Drohan Group can create a strategy that aligns every facet of your financial life and connects you to an internal team of tax, estate, financial planning, and high-net-worth specialists.
We’ll help clarify what’s possible with your wealth, put plans into action that are tailored to your goals, and ease the burden of navigating financial complexity by managing many of the day-to-day responsibilities of your portfolio.
We are a professional wealth management team within RBC Dominion Securities.
Our services are designed for clients who have reached the stage where their financial affairs have become increasingly complex and they require professional assistance managing their financial assets.
It all starts with you.
Our personal approach and personalized services centers on you, and begins with getting to know you, your needs and your goals.
What we do
We work with you to help meet your goals and uncover wealth planning opportunities. At the core of everything we do is genuine care and commitment to you and your family. We provide professional investment portfolio management, and we work closely with our extended network of RBC Wealth Management specialists to provide you with retirement planning, income planning, financial planning, wealth planning, estate planning, and insurance planning services. We also coordinate with our RBC Royal Bank partners to bring a broad suite of financial services and resources to our clients. And we provide complimentary advice to your friends and family.
How we do it
We follow a disciplined process to keep you on-track to achieving your goals. This keeps us all focused on what's important—helping you live life the way you want. First, we sit down with you to complete a comprehensive review of your current circumstances and your personal and financial goals. We then develop your investment policy statement and build your investment portfolio. Throughout our relationship we address your wealth management needs, in collaboration with your existing tax, legal, and business advisors. And we pride ourselves on our ongoing communication and regular reviews.
Comprehensive Wealth Management Services and Solutions
We work with you to help meet your goals and uncover wealth planning opportunities. At the core of everything we do is genuine care and commitment to you and your family.
Family Wealth Planning
- Insurance planning
- Estate planning
- Charitable Giving
- Complimentary advice to your friends and family
Retirement Planning
- Retirement Income planning
- Retirement planning for business owners
- Business succession planning
Investing
- Professional discretionary portfolio management
- Investment Policy Statement
- Disciplined investment process
Collaborating
- Work with RBC Royal Bank Partners
- Engage our wealth planning specialists
- Co-ordination with your other advisors, such as lawyers and accountants
Our clear and transparent process to build and protect your wealth
We follow a disciplined six-step process to keep you on-track to achieving your goals. This keeps us all focused on what's important - helping you live life the way you want.
1. Discovery
We sit down with you to complete a comprehensive review of your current circumstances and your personal and financial goals.
Investment Policy Statement
We establish the basic guiding principles for building and managing your portfolio, which we document in an Investment Policy Statement - an individualized blueprint for building and protecting wealth.
3. Portfolio Implementation
Using the resources of a team of portfolio strategists and research analysts, we construct your investment portfolio, ensuring it adheres to the Investment Policy Statement.
4. Wealth Planning
We address financial planning, tax-minimization, wealth protection, intergenerational wealth transfer, and charitable giving. In doing so, we draw on a wide range of resources available through the RBC Dominion Securities Wealth Management Services team and work with your existing tax, legal, estate, and business advisors.
5. Ongoing Communication
On an ongoing basis, you receive regular reviews and reporting, including a monthly account statement, quarterly portfolio review statement, annual tax-package, and online account access.
6. Regular Reviews
As your needs evolve, periodic reviews ensure that your plan remains an effective tool in achieving your objectives.
Guides
Get a better vantage point on your financial picture with these informative guides penned by the RBC Family Office Services team.
Estate planning guide
How planning for tomorrow – today – can help your estate aspirations
Financial planning facts
Comprehensive list of key information, such as deadlines, contribution limits, and tax facts
Tax reporting guide
Summary of the important dates and tax information required for your annual tax return
Insights
Read the latest on markets and more from our team as well as experts and thought leaders at RBC.