RBC Wealth Management Adds $705M McGrath Group to Fargo Office 

RBC Wealth Management has expanded its Fargo, North Dakota presence with the addition of the McGrath Group, a team overseeing more than $705 million in client assets at Morgan Stanley prior to the transition.  

The team is led by Patrick McGrath, Managing Director – Financial Advisor, alongside Financial Advisor Dylan J. Droegemueller and Senior Financial Associate Shannon Nordick. The group was drawn to RBC for its robust platform supporting business-owner clients—including employee stock ownership plans (ESOPs), cash-management solutions and fixed income resources—areas that align closely with their advisory focus. 

“We are excited to welcome Patrick and his team to our Fargo office,” said Lauri Droster, RBC Wealth Management’s Wayzata Complex Director Emeritus. “He is known for his strong work ethic, sound financial principles and disciplined investment strategies and will make a great addition to the firm.” 

Before entering wealth management, McGrath spent more than a decade in mergers and acquisitions, experience that informs his approach to ESOPs, growth planning and liquidity strategy for business-owner clients.  

“I have a tremendous passion for business, economics and the financial markets,” McGrath said. “I enjoy taking my passion and providing valuable advice to all of my clients to help them reach their goals.” 

Last month, RBC Wealth Management added a six-person team that oversees $1.1 billion in client assets from UBS Wealth Management in Michigan.  

Pictured l to r: Patrick McGrath, Shannon Nordick, and Dylan J. Droegemueller of the McGrath Group