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Expert Review

Ann Marie Etergino: Exposed to FINRA Charges or not? (Update 2024)

Who is Ann Marie Etergino (CRD#: 725204)?

Ann Marie Etergino, the head of the Etergino Group at RBC Wealth Management in Chevy Chase, Maryland, offers wealthy individuals and institutional investors fee-based wealth management services that include individualized wealth planning, a disciplined asset management process, and fee-based solutions.

The team has spent the last 30 years focusing on providing smart solutions for people and families with extremely complicated financial situations. The particular requirements of institutional investors are also satisfied by their proficiency in fiduciary investing and adherence to a sensible investor approach.

The Wharton School of the University of Pennsylvania awarded Ms. Etergino the Certified Investment Management Analyst (CIMA®) title, and the Center for Fiduciary Studies awarded her the Accredited Investment Fiduciary (AIF) distinction. The Investment Management Consultants Association (IMCA) is another organization she belongs to.

Women for Women International’s global board of directors includes Ann Marie Etergino. In addition to being a member of the Global Finance & Compensation Committee, the Executive Committee, and the Global Audit Committee, she chairs the latter.

This article will look more into Ann Marie Eterginos’s past, discovering hidden disclosures, and SEC litigations and analyzing the legal ramifications.

What is RBC Wealth Management?

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 CAD 1 million.

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 CAD 100,000 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 about 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 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 CAD 1 million 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.

12/12/2023 Update
As of now, Ann Marie Etergino has not responded, nor has she apologized for her misdeeds. She has ignored our efforts to highlight the problems faced by her victims. Furthermore, she has only focused on propagating her fake PR.

Ann Marie Etergino Disclosures: BrokerCheck, FINRA, And SEC

BrokerCheck report of Ann Marie Etergino 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 for Ann Marie Etergino.

Financial Advisors often take down their client disputes from FINRA’s Public database through Disclosure Expungement. Even law firms provide expungement services to FAs so that they can hide or remove their client disputes and maintain a clean record. So the lack of any disclosures on BrokerCheck doesn’t necessarily mean that the broker hasn’t had any disputes in the past.


Source: individual_725204.pdf (

SEC Litigations & Forms

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Ann Marie Etergino Lawsuits

The majority of court cases filed in the United States of America are archived on CourtListener, UniCourt,, Justia, Trellis, Law, and Law360. If Ann Marie Etergino has been involved in any such lawsuits, the records can be found using the URLs below:

There might be more pending lawsuits against Ann Marie Etergino that are not listed on these directories. Lawsuit files are often deleted from online directories. So if you cannot find any lawsuits against Ann Marie Etergino on these websites, then you can contact the local authorities and check if they have a physical copy of any lawsuits.

Ann Marie Etergino Complaints and Legal Battles

The following websites/directories are the best sources for finding complaints, litigations, and disputes against finance advisors. You can find all the complaints against Ann Marie Etergino using the websites down below:

Better Alternatives To Ann Marie Etergino:

These recommendations are based on the ratings of, the biggest financial advisor review platform on the internet.
Screenshot 7

Manages Assets Worth

  • $6,427,792,177


  • Financial planning
  • Portfolio management
  • Selection of other advisors (including private fund managers)
  • Family office and consulting services
Screenshot 8

Manages Assets Worth

  • $4,465,757,285


  • Financial planning
  • Portfolio management
  • Pension consulting
  • Selection of other advisors (including private fund managers)
Screenshot 9

Manages Assets Worth

  • $302,000,000


  • Financial planning
  • Portfolio management

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