RBC Royal Bank recently appointed Alicia Bain-Thompson and Christina Kenny-Sands, both accredited personal financial planners (PFPs), to lead its financial planning practice in The Bahamas.

Both women completed nine months of intensive study with the Canadian Securities Institute (CSI) to obtain their PFP accreditation.

“We are pleased to be focusing on this new practice area for RBC and to be in a position to help clients develop sound financial plans,” said Kenny-Sands.

“When working with clients we discover what is important to them and then strategize with them to help them meet their goals.”

According to Bain-Thompson, RBC’s financial planning process takes a comprehensive approach to each client’s situation. It includes looking at cash flow, debt management, tax planning, investment planning, risk management, retirement planning and estate planning. RBC’s financial planners primarily work with clients who, given the size and composition of their banking portfolios and assets, require more sophisticated financial guidance and expertise.

“The discovery process we use at RBC allows our financial planners to gain a solid understanding of what is most important in their clients’ lives, including their broader life goals,” said Nathaniel Beneby, market head, personal banking, RBC Bahamas, Cayman and Turks and Caicos Islands.

“They use this information to develop detailed and tailored plans for achieving the clients’ high-priority items, in the short, medium and long term.”

“Financial planners have intimate knowledge of cutting-edge products and services available and provide ongoing advice to clients,” added Bain-Thompson. “We help clients to set realistic personal and financial goals and develop a comprehensive plan toward the achievement of those goals.”

Christina Kenny-Sands (left) and Alicia Bain-Thompson, financial planners for RBC Royal Bank. (Photos courtesy RBC)