“Public and private companies and their executives have complex needs that require a different set of products and services,” said Benturk, director of CES at RBC Wealth Management-US. 

The firm is not alone in its endeavors to have launched a dedicated wealth management offering for executives in recent time. At time of heightened industry interest around the business benefits of targeting niche client segments, in a very similar move last month Atlanta, GA-based SignatureFD also rolled out a dedicated wealth management initiative for executives .

The types of specific needs required by this client segment, and which will be provided by CES, include: employee stock option planning and administration; management of restricted stock transactions; 10b5-1 creation and execution; and single-stock trading for corporate executives. And through RBC's global investment banking services, corporate needs such as: IPOs and equity capital raises, private placements, mergers and acquisitions advisory and debt capital raises.

RBC Wealth Management advisors will begin offering CES to clients this spring.

In his former role at JP Morgan Private Bank, Benturk was responsible for product development; he has nearly 30 of experience in global financial services.