Services on the Echelon platform range from bespoke travel concierge to private healthcare.

RBC Wealth Management has expanded RBC Echelon, its premier platform for ultra-high net worth clients, adding three lifestyle services providers: a luxury travel concierge, a premium collections storage and logistics specialist, and expanded fine art advisory to include collectibles and appraisal services. 

The additions bring the curated network to 16 external providers.

"By expanding our network of trusted providers across a broad range of lifestyle categories, we remove the burden of research and due diligence so our clients can focus on what truly matters – their families, passions and legacies,” Angie O'Leary, head of wealth strategies at RBC Wealth Management, said. 

The lifestyle network is available for all RBC Wealth Management financial advisors to offer to clients. Service areas include art advisory; bespoke travel concierge services; bill pay services; cyber and personal security solutions; donor-advised funds; education consulting; family dynamics consulting; logistics and storage for art and luxury collectibles; philanthropic consulting; private aviation; private healthcare; and property and casualty and risk management. 

Family Wealth Report has contacted RBC to ask about the changes in the RBC Echelon service, the revenue model, and future strategy of this side of the business.