Melanie Folstad, Financial Advisor at RBC Wealth Management

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Melanie Folstad, Financial Advisor at RBC Wealth Management I focus on guiding investors from their careers through their retirement years.

Please visit http://www.rbcwealthmanagement.com/us/en/legal for important disclosure information. Investment and insurance products offered through RBC Wealth Management are not insured by the FDIC or any other federal government agency, are not deposits or other obligations of, or guaranteed by, a bank or any bank affiliate, and are subject to investment risks, including possible loss of the principal amount invested. RBC Wealth Management, a division of RBC Capital Markets, LLC, Member NYSE/FINRA/SIPC.

Last week, I had the honor of presenting recent RBC survey findings about women and wealth—the growing economic influenc...
10/20/2026

Last week, I had the honor of presenting recent RBC survey findings about women and wealth—the growing economic influence of women and the financial accomplishments behind that shift. It's exciting to see, and worth celebrating (ask me for a copy!)

Then yesterday, my parents offered a very practical illustration

My dad, who turns 89 soon, went shopping for a new Ford F-150. He has driven them as long as I have been around. He found one he liked, then brought my mom back to see it and give her blessing.

There was one problem: no running boards. At 88, my mom had a legitimate concern about stepping up into a truck with that much ground clearance.

The salesperson brushed it off, suggesting she probably wouldn't ride in it much anyway, or would figure it out. He had just lost a sale - and never knew it.

Within minutes, my parents were off the lot.

Her concern was practical. It deserved a conversation. A simple "Let's see what we can do about that" might have led to a very different outcome.

I spend a lot of time thinking about women and wealth through the lens of financial advice. This was a reminder that the same lesson applies across industries: pay attention to whose questions you answer, whose concerns you take seriously, and whose voice you might be overlooking.

Women's growing financial influence deserves our attention. So does the woman standing right in front of us.

Sorry dad - looks like you'll be driving your current truck for a while . . .

10/18/2026

Do you know where to find all your important family documents quickly in the event of an emergency? Our family inventory workbook can help you get organized so that all your asset, account, contact information, and wishes are in one convenient and secure place. Take action today for peace of mind tomorrow.

According to our 2026 Women and Wealth survey, more women than ever are choosing to give while living. Whether it’s phil...
10/15/2026

According to our 2026 Women and Wealth survey, more women than ever are choosing to give while living. Whether it’s philanthropy or passing wealth to the next generation, women are prioritizing their impact earlier and faster than we’ve seen before. It’s about building a legacy you can witness today.

Interested in learning more about the 'giving while living' trend? Explore the full findings from our survey here: https://bit.ly/4ynRoqg

Did you know cheering on your favorite team could cost more than you think? Passion for the game runs deep and so should...
10/09/2026

Did you know cheering on your favorite team could cost more than you think? Passion for the game runs deep and so should your financial strategy. Schedule time to review your portfolio’s roster and make sure you’re positioned for a winning season.

If you’re 73 or older, your required minimum distribution (RMD) is on the calendar! What are your plans for your distrib...
10/08/2026

If you’re 73 or older, your required minimum distribution (RMD) is on the calendar! What are your plans for your distribution(s)?

1. Paying bills
2. Vacation fund
3. Gifting to family
4. Gifting to organizations that matter to you
5. Saving it in a safe place for now

Let us know below.

If you still aren't sure, we have savings options to keep your funds protected and earning a competitive yield.

No complicated enrollment. No new platforms. Just a simple next step for funds you have already earned.

Reach out and let's talk through your options.

Happy first day of fall! Wishing you all the warmth, color and wonder this beautiful season brings.
09/22/2026

Happy first day of fall! Wishing you all the warmth, color and wonder this beautiful season brings.

Did you know steadily contributing to your 401(k) is one of the most important things you can do for your finances? Stea...
09/16/2026

Did you know steadily contributing to your 401(k) is one of the most important things you can do for your finances? Steady contributions. Smart planning. Long game. That’s the formula!

𝐈’𝐝 𝐥𝐨𝐯𝐞 𝐭𝐨 𝐡𝐞𝐥𝐩 𝐲𝐨𝐮 𝐛𝐮𝐢𝐥𝐝 𝐚 𝐫𝐞𝐭𝐢𝐫𝐞𝐦𝐞𝐧𝐭 𝐩𝐥𝐚𝐧 𝐰𝐨𝐫𝐭𝐡 𝐜𝐞𝐥𝐞𝐛𝐫𝐚𝐭𝐢𝐧𝐠.

Happy Grandparents' Day! May today bring you all the warmth and joy you so generously give to your grandchildren every s...
09/14/2026

Happy Grandparents' Day! May today bring you all the warmth and joy you so generously give to your grandchildren every single day.

On this anniversary, we remember the courage and unity that rose in the face of unimaginable loss. Their bravery will ne...
09/11/2026

On this anniversary, we remember the courage and unity that rose in the face of unimaginable loss. Their bravery will never be forgotten.

09/10/2026

The Summer 2026 Investor’s Edge newsletter is out. Whether you find your stocks have become concentrated, want to know how the One Big Beautiful Bill Act can impact your estate plan or want to better understand how your ZIP code can impact your taxes, we’ve broken it down for you.

Plus, why your 30s is the best time to act on Roth conversions and five things you can do with your wealth without selling investments. You’ll get it all in this quarter’s newsletter.

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5425 Wisconsin Avenue Suite 301
Chevy Chase, MD
20815

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