Skip to main content

Cookies on BBB.org

We use cookies to give users the best content and online experience. By clicking “Accept All Cookies”, you agree to allow us to use all cookies. Visit our Privacy Policy to learn more.

Cookie Preferences

Many websites use cookies or similar tools to store information on your browser or device. We use cookies on BBB websites to remember your preferences, improve website performance and enhance user experience, and to recommend content we believe will be most relevant to you. Most cookies collect anonymous information such as how users arrive at and use the website. Some cookies are necessary to allow the website to function properly, but you may choose to not allow other types of cookies below.

Necessary Cookies

What are necessary cookies?
These cookies are necessary for the site to function and cannot be switched off in our systems. They are usually only set in response to actions made by you that amount to a request for services, such as setting your privacy preferences, logging in or filling in forms. You can set your browser to block or alert you about these cookies, but some parts of the site will not work. These cookies do not store any personally identifiable information.

Necessary cookies must always be enabled.

Functional Cookies

What are functional cookies?
These cookies enable the site to provide enhanced functionality and personalization. They may be set by us or by third party providers whose services we have added to our pages. If you do not allow these cookies, some or all of these services may not function properly.

Performance Cookies

What are performance cookies?
These cookies allow us to count visits and traffic sources so we can measure and improve the performance of our site. They help us to know which pages are the most and least popular and see how visitors move around the site. All information these cookies collect is aggregated and therefore anonymous. If you do not allow these cookies we will not know when you have visited our site, and will not be able to monitor its performance.

Marketing Cookies

What are marketing cookies?
These cookies may be set through our site by our advertising partners. They may be used by those companies to build a profile of your interests and show you relevant content on other sites. They do not store personal information directly, but are based on uniquely identifying your browser or device. If you do not allow these cookies, you will experience less targeted advertising.

Find a Location

RBC Wealth Management has 6 locations, listed below.

*This company may be headquartered in or have additional locations in another country. Please click on the country abbreviation in the search box below to change to a different country location.

    Country
    Please enter a valid location.

    Business ProfileforRBC Wealth Management

    Investment Security
    HeadquartersMulti Location Business
    The Complaints and Reviews shown on this HQ profile may have been submitted against either the HQ itself or one of the corporate-owned locations found under "Find Locations".

    Additional business information

    Believed to be out of business:
    According to information in BBB files, it appears that this business is no longer in business.
    See all additional business information

    At-a-glance

    Customer Reviews

    1.67/5stars

    Average of 3 Customer Reviews

    Customer Complaints

    1 complaints closed in last 3 years

    1 complaints closed in last 12 months

    Customer Reviews are not used in the calculation of BBB Rating

    Overview of BBB Rating

    Related Categories

    Business Details

    This is a multi-location business.

    Find a Location

    RBC Wealth Management has 6 locations, listed below.

    *This company may be headquartered in or have additional locations in another country. Please click on the country abbreviation in the search box below to change to a different country location.

      Country
      Please enter a valid location.
      Headquarters
      Duluth, MN 55805-2422
      BBB File Opened:
      5/1/1971
      Business Started:
      3/1/1909
      Business Started Locally:
      3/1/1909
      Licensing Information:
      This business is in an industry that may require professional licensing, bonding or registration. BBB encourages you to check with the appropriate agency to be certain any requirements are currently being met.
      Alternate Business Name
      • Dain Rauscher, Inc.
      • RBC Wealth Management
      • RBC Dain Rauscher, Inc.
      Business Management
      • Molly Wurst, Owner/Manager
      • Paula Phillippe, SVP/Human Resources
      • Brian Peters, Owner
      • John Taft, CEO
      • Jeremy Elbert, Branch Director
      • James Proctor, Senior Vp
      Contact Information

      Principal

      • Brian Peters, Owner
      • Jeremy Elbert, Branch Director
      • James Proctor, Senior Vp

      Customer Contact

      • Brian Peters, Owner
      Additional Contact Information

      Fax Numbers

      • (612) 371-6135
        Primary Fax
      • (612) 371-7755
        Other Fax

      Phone Numbers

      Website Addresses

      Customer Complaints

      1 Customer Complaints

      Need to file a complaint? BBB is here to help. We'll guide you through the process. How BBB Processes Complaints and Reviews

      File a Complaint

      Most Recent Customer Complaint

      03/21/2024

      Complaint Type:
      Product Issues
      Status:
      BBB unable to locate business
      Client received an *** letter for 2019 and *************************************************************************** changes, the 2020 cleared up the 2019 still in Limbo because *** said 2019 not received via mail we have been trying for over 4 weeks to re attain the information from *** using numbers they provided and haven't received a callback the numbers we received were ********** they gave us a number to a agent who never answered so we are in limbo with a debt to the *** ($37024) that I believe can be fixed with just a bit of information and consideration amount below undetermined because I bought thousands in stock when I first invested with them

      Customer Reviews

      3 Customer Reviews

      What do you think? Share your review.

      How BBB Processes Complaints and Reviews

      Start a Review

      Most Recent Customer Review

      James S

      3 stars

      04/17/2024

      My experience with *** is only because they managed my mothers finances and seemed to do well by her. No complaints there. When my mom passed, there was the paperwork to file, which I understand, and wanted the estate funds deposited into my account. Part of this process was for me to open an *** account , even though the funds were to be deposited into my checking account. The funds went into my *** account and not into my checking and as a result lost money almost immediately. The financial advisor assigned to my account was seriously lacking in service and clarity of information. I finally was able to transfer the funds out, but not before funds continued to diminish. Very poor form on my end. But my mom seemed to be taken care of.

      Local BBB

      BBB of Minnesota and North Dakota

      BBB Reports On

      BBB reports on known marketplace practices.

      BBB Business Profiles may not be reproduced for sales or promotional purposes.

      BBB Business Profiles are provided solely to assist you in exercising your own best judgment. BBB asks third parties who publish complaints, reviews and/or responses on this website to affirm that the information provided is accurate. However, BBB does not verify the accuracy of information provided by third parties, and does not guarantee the accuracy of any information in Business Profiles.

      When considering complaint information, please take into account the company's size and volume of transactions, and understand that the nature of complaints and a firm's responses to them are often more important than the number of complaints.

      BBB Business Profiles generally cover a three-year reporting period. BBB Business Profiles are subject to change at any time. If you choose to do business with this business, please let the business know that you contacted BBB for a BBB Business Profile.

      As a matter of policy, BBB does not endorse any product, service or business.