RBC Wealth Management/SB Wealth Strategies
Pat Severo, Financial Advisor
9665 Wilshire Blvd., Ste 300 in Beverly Hills, 310-205-7797, sbwealthstrategies.com
SB Wealth Strategies is a wealth management team of professionals who assist ultra-high net worth clients with wealth managing, estate planning and asset management. The team is intimately involved in multi-generational pass-through of assets, especially when it is a closely-held family business. Lead partner and financial advisor Pat Severo has been in the financial field for 26 years. He holds the firm’s internal Accredited Wealth Manager (AWM) designation, which focuses on estate and trust planning, insurance solutions and advanced investment strategies. He has been recognized as one of Barron’s magazine’s “Top 1,000 Advisors” in the country and is a Chairman’s Council member, one of the most prestigious honors at RBC Wealth Management.
What would you like potential clients to know about you?
“I am honest and ethical. Our team has 100 years of aggregate experience, and we have never had a written complaint. We have a live person answering our phones from 6 a.m. to 4:30 p.m.—long hours in our business.”
Who is your typical client?
“A business owner or entrepreneur who has accumulated or inherited assets and needs assistance overseeing and managing them. We also do a great amount of work in the endowment and foundation marketplace.”
What is the biggest benefit your clients gain from working with you?
“Our clients get fair and unbiased advice. RBC Wealth Management has a completely open architecture—we don’t push proprietary products—so we are able to use best in class solutions across the board.”
What’s the most common mistake people make with their money?
“Following `the herd.’ Just because the media is talking about a hot stock or product, it doesn’t make it the most appropriate investment.”
What do you like to do for fun, when you’re not at work?
“Spend time with my family—my wife Janet, who I’ve been with for 30 years, our three children and two dogs. We have lived in Manhattan Beach in the tree section since 1994. We are avid basketball fans and have Lakers season tickets. I coach my kid’s basketball teams. My whole family is scuba certified, and we try and take one trip each year as a family to an exotic dive locale. I also take Pilates twice a week and try to play basketball once a week.”
RBC Wealth Management, a division of RBC Capital Markets, LLC, Member NYSE/FINRA/SIPC.