Rochester, MN Superior Dr. NW Office

Team
Updated today
RBC Capital Markets logo

RBC Capital Markets

Institution

Firm-wide stats for RBC Capital Markets

Total advisors

3,825

Across 401 offices

Clients per advisor

72 Low

Avg AUM per client

$1,017,425 Very High

HNW client ratio

4% Very Low

About

RBC Wealth Management, a division of RBC Capital Markets, LLC, serves a broad client base that includes individual investors (both non‑HNW and high‑net‑worth), institutional clients, pension and profit‑sharing plans, corporations, and charitable organizations. It offers multiple wrap fee advisory programs—RBC Advisor, Portfolio Focus, RBC Unified Portfolio, Consulting Solutions, and a Managed Account Program—providing discretionary and non‑discretionary portfolio management, financial planning, custody, and brokerage services.

The firm tailors strategies to each client’s Advisory Risk Profile and implements portfolios through a mix of in‑house and third‑party Investment Managers, Model Providers, and an Overlay Manager (either RBC WM or Envestnet), with choices for rebalancing frequency, tax‑management, and responsible‑investing screens. Program accounts are administered as unified or sleeve‑based structures (RBC UP) and may include fund share‑class conversions, cash sweep options, and alternative investments or annuities as described in the brochure.

RBC’s capital‑markets footprint and affiliated capabilities are notable features: RBC Capital Markets is registered with the CFTC as a futures commission merchant and as a swap firm, the firm’s affiliated asset managers (for example, RBC GAM – U.S. and RBC Rochdale) serve as Investment Managers and Model Providers, and the firm makes alternative investments (including feeder‑fund structures) and pooled vehicles available to clients. The brochure also discloses municipal‑related activities and regulatory matters and describes integrated lending and cash‑sweep arrangements with affiliated banks, all of which are identified as potential conflicts and are disclosed in the firm’s materials.

Based on RBC Capital Markets

Expertise

Tax-loss harvesting ESG / Sustainable investing Private / alternative investments Concentrated stock management Wealth management

Based on RBC Capital Markets

Occupation focus

Executive Founder/Business Owner Retired Financial Professional

Based on RBC Capital Markets

Demographic focus

Approaching retirement HENRY (High Earners, Not Rich Yet)

Based on RBC Capital Markets

Location

2064 Superior Dr. NW

Rochester MN 55901-5024

Advisors at this office

13

Advisors at this office

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Michael L

Series 66, Series 63

Rochester, MN

RBC Capital Markets

Michael Laude is a financial advisor at RBC Capital Markets in Rochester, MN, holding Series 66 and Series 63 registrations with seven years of industry experience. Prior to joining RBC Capital Markets in 2025, he worked at U.S. Bank and U.S. Bancorp Investments, Inc. for thirteen years. He serves on the board of directors for the Gift of Life Transplant House, contributing to operational and financial decisions. RBC Wealth Management, a division of RBC Capital Markets, LLC, provides advisory and brokerage services to a diverse client base that includes individual investors, institutions, and charitable organizations. The firm offers tailored investment programs using both in-house and third-party managers, with capabilities that include tax management, responsible investing, and access to alternative investments.

Tax-loss harvesting ESG / Sustainable investing Private / alternative investments Concentrated stock management Wealth management Executive Founder/Business Owner Retired Financial Professional Approaching retirement HENRY (High Earners, Not Rich Yet)
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Michelle B

Series 63, Series 66, Series 65

Rochester, MN

RBC Capital Markets

Michelle Backholm is a financial advisor at RBC Capital Markets with 28 years of industry experience. She holds Series 63, 65, and 66 licenses and has previously worked at Morgan Stanley and Stifel. RBC Wealth Management, a division of RBC Capital Markets, serves a diverse client base including individual investors, institutions, and charitable organizations. The firm offers a range of advisory programs with tailored strategies, combining in-house and third-party investment managers and customized portfolio management options.

Tax-loss harvesting ESG / Sustainable investing Private / alternative investments Concentrated stock management Wealth management Executive Founder/Business Owner Retired Financial Professional Approaching retirement HENRY (High Earners, Not Rich Yet)
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Kurt B

Series 63, Series 66

Rochester, MN

RBC Capital Markets

Kurt Bakken is a financial advisor with RBC Capital Markets in Rochester, MN, holding Series 63 and Series 66 licenses and bringing 34 years of industry experience. He previously worked at Wells Fargo Advisors LLC and Wells Fargo Clearing before joining RBC Capital Markets in 2021. RBC Wealth Management, a division of RBC Capital Markets, serves a diverse client base including individual investors, institutional clients, and charitable organizations. The firm offers a range of advisory programs and tailored investment strategies implemented through both in-house and third-party managers.

Tax-loss harvesting ESG / Sustainable investing Private / alternative investments Concentrated stock management Wealth management Executive Founder/Business Owner Retired Financial Professional Approaching retirement HENRY (High Earners, Not Rich Yet)
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Timothy E

Series 66

Rochester, MN

RBC Capital Markets

Timothy Ernste is a financial advisor with RBC Capital Markets in Rochester, MN, holding a Series 66 designation and 19 years of industry experience. His career includes positions at City National Bank, Raymond James Financial Services, and Bremer Bank. Ernste serves on the boards of Rochester Central Lutheran School and Trinity Lutheran Church, assisting with budgeting and financial guidance. RBC Wealth Management, a division of RBC Capital Markets, serves individual and institutional clients with a range of advisory programs featuring tailored portfolio management, financial planning, and custody services. The firm offers access to in-house and third-party investment managers and integrates multiple strategies including tax management and responsible investing.

Tax-loss harvesting ESG / Sustainable investing Private / alternative investments Concentrated stock management Wealth management Executive Founder/Business Owner Retired Financial Professional Approaching retirement HENRY (High Earners, Not Rich Yet)
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Joy S

Series 63, Series 65

Rochester, MN

RBC Capital Markets

Joy Sheets is a financial advisor with RBC Capital Markets in Rochester, MN, holding Series 63 and Series 65 credentials and with 26 years of industry experience. She has been with RBC Capital Markets since 2006. RBC Wealth Management, a division of RBC Capital Markets, serves a diverse client base including individual investors, institutional clients, pension plans, corporations, and charitable organizations. The firm offers a range of advisory programs and portfolio management services tailored to clients' risk profiles, utilizing both in-house and third-party investment managers.

Tax-loss harvesting ESG / Sustainable investing Private / alternative investments Concentrated stock management Wealth management Executive Founder/Business Owner Retired Financial Professional Approaching retirement HENRY (High Earners, Not Rich Yet)
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Paul P

Series 63, Series 65

Rochester, MN

RBC Capital Markets

Paul Peterman is a financial advisor at RBC Capital Markets with 29 years of industry experience. He holds Series 63 and Series 65 licenses and previously worked at Morgan Stanley in various capacities from 2009 to 2024. He serves as a volunteer committee member for the City of Zumbrota, Minnesota, contributing to efforts to develop a community swimming pool. RBC Wealth Management, a division of RBC Capital Markets, serves a diverse client base including individual investors, institutional clients, and charitable organizations. The firm offers a range of advisory programs that provide portfolio management, financial planning, and brokerage services tailored to each client's risk profile and investment preferences.

Tax-loss harvesting ESG / Sustainable investing Private / alternative investments Concentrated stock management Wealth management Executive Founder/Business Owner Retired Financial Professional Approaching retirement HENRY (High Earners, Not Rich Yet)
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Diane G

Series 66

Rochester, MN

RBC Capital Markets

Diane Grube is a financial advisor at RBC Capital Markets with seven years of industry experience. She has been with RBC Capital Markets, LLC since 2016 and previously worked at Crenlo. She holds the Series 66 designation. RBC Wealth Management, a division of RBC Capital Markets, serves a diverse client base including individual investors, institutional clients, pension plans, corporations, and charitable organizations. The firm offers various advisory programs with tailored strategies implemented through a combination of in-house and third-party investment managers, providing discretionary and non-discretionary portfolio management along with financial planning and brokerage services.

Tax-loss harvesting ESG / Sustainable investing Private / alternative investments Concentrated stock management Wealth management Executive Founder/Business Owner Retired Financial Professional Approaching retirement HENRY (High Earners, Not Rich Yet)
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Brianne R

Series 66

Rochester, MN

RBC Capital Markets

Brianne Roy is a financial advisor at RBC Capital Markets with eight years of industry experience. She holds the Series 66 designation and has worked with firms including Somerby and Stifel prior to joining RBC. RBC Wealth Management serves a diverse client base including individual investors, institutions, corporations, and charitable organizations. The firm offers tailored investment strategies through various advisory programs, combining in-house and third-party managers with options for tax management and responsible investing.

Tax-loss harvesting ESG / Sustainable investing Private / alternative investments Concentrated stock management Wealth management Executive Founder/Business Owner Retired Financial Professional Approaching retirement HENRY (High Earners, Not Rich Yet)
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James M

ChFC®, Series 63

Rochester, MN

RBC Capital Markets

James Marquardt is a financial advisor at RBC Capital Markets with 38 years of industry experience. He holds the ChFC® and Series 63 designations. Prior to joining RBC in 2025, he worked at Trimarq, LLC and Raymond James Financial Services, among other roles. Outside of his advisory work, he serves on the board of directors for the Dodge Center Housing and Redevelopment Authority and Grace Lutheran Church. RBC Wealth Management provides a range of advisory programs serving individual investors, institutional clients, and charitable organizations. The firm customizes investment strategies based on client risk profiles and utilizes both in-house and third-party managers to implement portfolios with various options for rebalancing, tax management, and responsible investing.

Tax-loss harvesting ESG / Sustainable investing Private / alternative investments Concentrated stock management Wealth management Executive Founder/Business Owner Retired Financial Professional Approaching retirement HENRY (High Earners, Not Rich Yet)
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Zenon K

Series 66

Rochester, MN

RBC Capital Markets

Zenon Kuzyk is a financial advisor at RBC Capital Markets with 10 years of industry experience. He previously worked for nine years at Morgan Stanley Private Bank. Kuzyk serves on the board of the Rochester Community and Technical College Foundation. RBC Wealth Management, a division of RBC Capital Markets, LLC, serves a wide range of clients including individual investors, institutions, and charitable organizations. The firm offers various advisory programs with customizable portfolio management and integrates both in-house and third-party investment resources.

Tax-loss harvesting ESG / Sustainable investing Private / alternative investments Concentrated stock management Wealth management Executive Founder/Business Owner Retired Financial Professional Approaching retirement HENRY (High Earners, Not Rich Yet)
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Lawrence D

Series 63, Series 65

Rochester, MN

RBC Capital Markets

Lawrence Denny is a financial advisor with RBC Capital Markets in Rochester, MN, holding Series 63 and Series 65 licenses and bringing 29 years of industry experience. Prior to joining RBC in 2022, he worked at Wells Fargo Clearing and Wells Fargo Advisors LLC between 2011 and 2022. RBC Wealth Management, a division of RBC Capital Markets, serves a diverse client base including individual investors, institutions, and charitable organizations. The firm offers multiple advisory programs with tailored strategies that incorporate both in-house and third-party investment managers, providing a range of portfolio management, financial planning, custody, and brokerage services.

Tax-loss harvesting ESG / Sustainable investing Private / alternative investments Concentrated stock management Wealth management Executive Founder/Business Owner Retired Financial Professional Approaching retirement HENRY (High Earners, Not Rich Yet)
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Kylie S

Series 66

Rochester, MN

RBC Capital Markets

Kylie Strum is a financial advisor at RBC Capital Markets with 20 years of industry experience. She holds a Series 66 designation and has worked with RBC Capital Markets since 2008, alongside a role at City National Bank since 2019. Outside of her advisory work, she serves as Vice President of the Stewartville Basketball Booster Club. RBC Wealth Management, a division of RBC Capital Markets, LLC, serves a broad client base including individual investors, institutions, and charitable organizations. The firm offers a range of advisory programs with discretionary and non-discretionary portfolio management, tailoring strategies based on clients’ risk profiles and integrating in-house and third-party investment managers.

Tax-loss harvesting ESG / Sustainable investing Private / alternative investments Concentrated stock management Wealth management Executive Founder/Business Owner Retired Financial Professional Approaching retirement HENRY (High Earners, Not Rich Yet)
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Matthew B

Series 66

Rochester, MN

RBC Capital Markets

Matthew Buzzell is a financial advisor with RBC Capital Markets based in Rochester, MN. He holds a Series 66 designation and has 14 years of industry experience. His work history includes roles at RBC Capital Markets since 2011 and City National Bank since 2019. RBC Wealth Management, a division of RBC Capital Markets, serves individual investors, institutions, pension plans, corporations, and charitable organizations. The firm offers various wrap fee advisory programs with discretionary and non-discretionary portfolio management tailored to clients’ risk profiles, utilizing a combination of in-house and third-party investment managers.

Tax-loss harvesting ESG / Sustainable investing Private / alternative investments Concentrated stock management Wealth management Executive Founder/Business Owner Retired Financial Professional Approaching retirement HENRY (High Earners, Not Rich Yet)
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