Who is Aaron Howe (CRD#: 2543036)?Everything you need to know about Aaron Howe and their accolades
Aaron Howe is the Managing Director – Financial Advisor, Accredited Wealth Manager of Big Water Group at RBC Wealth Management.
Aaron has spent more than 25 years helping families and individuals with their investment management needs. He began working at RBC Wealth Management in 2001, rising through the ranks to become one of the company’s top wealth advisors. He is known for providing informed customer care that is based on trust and a sincere concern for his client’s well-being.
Aaron is a specialist in creating and putting into practice one-of-a-kind asset management plans for high-net-worth individuals and their families. He earned his Accredited Asset Management (AWM) credential in 2004. In order to offer his clients the best wealth management options, he routinely collaborates with tax and legal professionals since he believes in the power of teamwork.
The financial services sector as a whole and RBC Wealth Management have repeatedly recognized Aaron’s broad knowledge and competence. Since 2009, he has been on the RBC Wealth Management Chairman’s Council. He has also been honored as a Top Advisor by Barron’s Magazine, being selected as one of the Top 1,200 Advisors in 2020, 2021, 2022, and 2023.
Additionally, Aaron received recognition from the Financial Times in 2018 and 2020 as one of the Top 400 Advisors, and he was recognized to the Forbes/SHOOK Best-In-State Wealth Advisor list in 2018, 2019, 2020, 2021, and 2022.
With his wife Ali, two sons, Brodie and Ellis, and two Labradoodles, Shone, and Sammy, Aaron resides in Independence. His frequent participation in sporting activities with his sons, as well as his regular attendance at weight training and Pilates, all contribute to his active and healthy lifestyle. Aaron likes to travel, cook on his Big Green Egg, and spend time with friends and family in his free time.
In this article, we will go deep into Aaron Howe’s past, discovering hidden disclosures and analyzing the consequences of the lawsuits.
About FIRM:History, achievements, leadership, lawsuits, & disputes
What is RBC Wealth Management?
As mentioned earlier, RBC Wealth Management is a division of the Royal Bank of Canada that provides wealth management services to high-net-worth individuals, families, and institutions. These services include investment management, financial planning, tax planning, insurance solutions, and estate planning.
One of the key benefits of using RBC Wealth Management is the personalized service clients receive. Each client is assigned a dedicated financial advisor who works with them to create a customized plan that takes into account their unique financial goals, risk tolerance, and overall financial situation. Advisors also provide ongoing support to help clients stay on track and adjust their plans as needed.
RBC Wealth Management Services
Now that we know what RBC Wealth Management is, let’s take a closer look at the specific services they offer.
Investment Management
RBC Wealth Management provides investment management services to help clients grow their wealth over time. This includes creating a diversified investment portfolio that is tailored to the client’s risk tolerance and financial goals. Advisors also provide ongoing monitoring and rebalancing of the portfolio to ensure it stays aligned with the client’s objectives.
Financial Planning
In addition to investment management, RBC Wealth Management offers financial planning services to help clients achieve their long-term financial goals. This includes creating a comprehensive financial plan that takes into account retirement planning, tax planning, estate planning, and risk management. Advisors work with clients to identify their financial goals and develop a plan that is customized to their unique situation.
What is a Financial Advisor?
A financial advisor is a specialist who offers professional financial advice to people looking to accomplish particular financial goals. You work with a financial advisor to develop a thorough financial plan that is specific to your situation, much like you would hire an architect to construct the blueprint for your home. Understanding your existing financial condition, including your income, costs, savings, and spending patterns, is a requirement for this collaboration.
Tax Planning
RBC Wealth Management also provides tax planning services to help clients minimize their tax liabilities and maximize their after-tax returns. Advisors work with clients to identify tax-efficient investment strategies and help them navigate complex tax laws and regulations.
Insurance Solutions
RBC Wealth Management offers a range of insurance solutions to help clients protect their wealth and minimize their financial risk. This includes life insurance, disability insurance, long-term care insurance, and liability insurance. Advisors work with clients to identify their insurance needs and develop a plan that provides the appropriate level of coverage.
Estate Planning
Finally, RBC Wealth Management provides estate planning services to help clients plan for the transfer of their wealth to future generations. This includes creating a comprehensive estate plan that takes into account tax planning, charitable giving, and the distribution of assets. Advisors work with clients to create a plan that is customized to their unique needs and goals.
Who is RBC Wealth Management for?
Now that we have a better understanding of what services RBC Wealth Management offers, let’s discuss who it is for. RBC Wealth Management primarily caters to high-net-worth individuals, families, and institutions. According to their website, clients typically have investable assets of at least $1 million CAD.
However, it is important to note that RBC Wealth Management also offers services to clients with lower investable assets through their RBC Dominion Securities subsidiary. This subsidiary provides full-service brokerage and investment advisory services to clients with a minimum of $100,000 CAD to invest.
RBC Wealth Management Disadvantages
While RBC Wealth Management offers many benefits to clients, there are also some potential disadvantages to consider. One of the most significant drawbacks is the cost. RBC Wealth Management charges a set fee based on a percentage of the client’s assets under management. This fee can range from 1% to 2% or more, depending on the amount of assets being managed.
Another potential disadvantage is the lack of transparency. Some critics argue that RBC Wealth Management’s fees are not always clear and that clients may not know exactly what they are paying for. Additionally, there have been concerns about conflicts of interest, particularly with regard to the sale of in-house products.
RBC Wealth Management Fees
As mentioned earlier, RBC Wealth Management charges a set fee based on a percentage of the client’s assets under management. This fee can range from 1% to 2% or more, depending on the amount of assets being managed.
It is important to note that there may be additional fees associated with specific services, such as financial planning or tax planning. Clients should be sure to discuss all fees and charges with their financial advisor before agreeing to any services.
RBC Wealth Management Boys Club Controversy
In 2019, RBC Wealth Management was embroiled in a controversy surrounding allegations of gender discrimination and a toxic work environment. A group of female financial advisors filed a class-action lawsuit against the bank, alleging that they were subjected to a hostile work environment and denied equal pay and opportunities for promotion.
RBC denied the allegations and stated that they were committed to creating a workplace that is free from discrimination and harassment. The case is ongoing, and it remains to be seen what the outcome will be.
RBC Wealth Management Lawsuit
In addition to the Boys Club controversy, RBC Wealth Management has also faced other legal challenges in recent years. In 2018, the bank was fined $1 million CAD by the Ontario Securities Commission for failing to adequately supervise a former financial advisor who engaged in unauthorized trading.
More recently, RBC Wealth Management was named in a lawsuit filed by victims of a Ponzi scheme perpetrated by a former financial advisor. The lawsuit alleges that RBC failed to adequately supervise the advisor and ignored warning signs of the scheme.
Aaron Howe Disclosures: BrokerCheck, FINRA, And SEC ReportsEvery complaint, disclosure, litigation against Aaron Howe
The brokerCheck report of Aaron Howe includes information such as employment history, professional qualification, disciplinary actions, criminal convictions, civil judgment, and arbitration awards as well as disclosure events.
No disclosure is mentioned about Aaron Howe.
FINRA’s BrokerCheck
individual_2543036.pdf (finra.org)
SEC Litigations & Forms
Source: Aaron Howe – SEC Site Search Search Results
Aaron Howe Lawsuits, Legal Battles, & DisputesActive database of all lawsuit documents (subject to availability) against Aaron Howe
The following websites/directories are the best sources for finding complaints, litigations, and disputes against finance advisors. You can find all the complaints against Aaron Howe using the websites down below:
There might be more pending lawsuits against Aaron Howe which are not listed on these directories. Lawsuit files are often deleted from online directories. So if you cannot find any lawsuits against Aaron Howe on these websites, you can contact the local authorities and check if they have a physical copy of any cases.
CourtListener
UniCourt
Law.com
Law360.com
Trellis.law
Justia
Aaron Howe Complaints, Class Action Lawsuits & Legal BattlesRead all class action lawsuits and SEC complaints against Aaron Howe (if available)
The following websites/directories are the best sources for finding complaints, litigations, and disputes against finance advisors. You can find all the complaints against Aaron Howe using the websites down below:
Sonn Law Group
SEC.gov
White Law Group
MDF Law
Israels & Neuman, PLC
Klayman Toskes
You can contact the law firms mentioned above if facing issues with Aaron Howe or any financial advisor.
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