TORONTO, Nov. 28, 2012 /CNW/ - Business succession has very quickly become one of the top concerns identified by high net worth clients in a second annual survey by RBC Wealth Management. At the same time, retirement planning and tax minimization remain other key concerns expressed by clients. This survey was conducted by RBC Wealth Management as part of one-on-one planning sessions with clients. In the past year, approximately 1,800 sessions were conducted across Canada wherein these concerns were identified as the most pressing for high net worth clients. "We are seeing a recent shift in the concerns of our high net worth clients. While they continue to seek out advice on retirement planning, and as part of that, tax minimization to ensure a successful retirement, they are also now increasingly putting on their business-owner hat and seeking out advice around the succession of their business" said Howard Kabot, vice-president, Financial Planning, RBC Wealth Management Services. "Business owners, because of demographics and because of our offerings and expertise in this field, are realizing issues around the successful transition of their business are not only crucial to the future of their businesses but also to the well-being of their own personal and family's financial future." RBC Wealth Management has an in-house highly-specialized team of professionals that are available to work with Wealth Management Canada advisors and private bankers to offer high net worth clients a full array of financial advice. The RBC Wealth Management Services team provides access to a vast array of products and services geared towards meeting the needs of high net worth clients, including business owners. "Focusing on the needs of business owners has become a huge priority for us," said Anthony Maiorino, vice-president and head, RBC Wealth Management Services. "To that end, we have created the Business Owner Planning Team within RBC Wealth Management Services with best-in-class experts specializing in the needs of business owners. In the last year, high net worth business owners across Canada were offered the opportunity to take advantage of complimentary Business Owner Planning Sessions, which we feel has resulted in this increased demand for our services." "RBC Wealth Management is unique in offering a complete end-to-end level of highly specialized service to clients," said Maiorino.