Rachel B. Roney

Rachel B. Roney

Partner, Branch Manager

For more than 30 years, Rachel has made a career of helping people. As a partner and branch manager/registered principal at Michael Roberts Associates, Inc., she is often the first person to whom clients turn when tragedy strikes. Whether a client receives a life-changing health diagnosis or when a family member dies unexpectedly, Rachel is there to fix problems and to offer calm guidance and support.

Because of the relationships Rachel has built with her clients, “they think of us before they think of their attorney or their accountant,” she says. “Every case is unique, especially with the loss of a loved one. I console a lot of distraught people.”

An example of Rachel’s work involved a client who died suddenly while working for the state of New York*. His widow was unable to receive his pension because he hadn’t retired. “We had several calls with New York State because there were some complexities with the way the life insurance and benefits were paid out by the state. In the end, the process took a year and a half, but we finally got her retirement benefits and his pension flowing.” This example is for illustrative purposes only and may not be representative of your experience.

As a teenager growing up in Pennsylvania, Rachel had envisioned going into medicine. “I thought I would be a physical therapist. I worked as a volunteer at a hospital, lifting people on and off the chairs and wheeling them around. I knew I wanted to aid people.” While in college at Lehigh University, she considered going into the legal field and majored in government and prelaw.

During her senior year, however, she interviewed with Chase Manhattan Bank and was accepted into their management development program. “I learned a lot about finance while at Chase and discovered that I liked it.”

Eventually, Rachel became friends with Neil Hoyt, who offered her a role when he was expanding his financial planning practice. “That was February 1997, and I have been here ever since.”

Given her roundabout way of getting into the financial planning business, Rachel understands why many people hesitate in getting their finances in order. “I'm a big proponent of financial literacy, getting people educated about the whys and hows of investing, and taking the fear out of it,” she said. “We work hard at bringing the personal touch to something that is very anxiety provoking for most Americans.”

Currently, Rachel and her team advise assets of more than $507 million* for 1,175 households. Many clients refer Rachel to their family and friends. “We have not only multiple generations but also brothers, sisters, aunts, uncles, cousins,” she said.

Outside of work, Rachel is active at Dewitt Community Church and enjoys volunteering at the Samaritan Center and Clearpath for Veterans. She’s also musical, playing the clarinet and recorder and singing in her church choir. And she’s a competitive athlete. “I did a triathlon in 2011 and I shot a 78 in golf in April 2020.” Rachel and her husband live in Syracuse and have two grown children, a dog, and two cats.

*As of October 24, 2023

Education and registrations

  • Lehigh University, 1987
  • FINRA Series 7, 24, 63, and 65

Work experience

  • Chase Manhattan Bank, Management Development Program, 1987–1989
    • Second Vice President, 1989–1992
  • Cadaret Grant
    • Trading Desk Manager, 1992–1994
    • Director of Continuing Education and Firm Element Training, 1994–1997

Community involvement

  • DCC (Board of Trustees 16 years, most recently as President – rotated off 2016)
    • Sunday school and youth group leader, Samaritan Center Serve Team, annual Thanksgiving boxes, Chancel Choir
  • Clearpath for Veterans
    • Arranged volunteer day for clients and MRA staff
  • CNY Community Foundation
  • Developed donor-advised fund to provide financial support for community

Each year, Commonwealth, the Registered Investment Adviser–broker/dealer that helps us process investment transactions on your behalf, recognizes Founder's Club advisors by inviting them to an exclusive gathering of their peers, leading industry experts, and Commonwealth home office staff. Founder's Club advisors benefit from an intensive learning and networking experience designed to help them hone their expertise, share best practices, and provide ever-higher levels of service, education, and leadership.