Joe Chu and partner Chris Phillips leave after a combined 30 years, saying they were frustrated with wirehouse’s growing intolerance for deviation from model portfolios.
Brokers with between 18 and 34 years experience all jumped last week in Texas, Utah and Minnesota.
Moves add to a steady stream of departures from the Swiss bank’s U.S. brokerage business as regional firms lay down the welcome mat.
After recruiting a Tennessee broker with $900 million in client assets in June, it brings over his former branch manager to help expand the RBC office.
Brokers who each spent more than a quarter century at Merrill say they searched for firm that puts clients first, but third team member with 46 years at the firm stuck with the Thundering Herd.
Seattle advisor with 17 years’ experience jumps to D.A. Davidson while New York City broker ranked recently as a top “next-gen advisor” joins RBC.
RayJay scores West Hartford win while RBC hires the Tucson producer.
Industry moves continue for firms that remain a part of the Protocol for Broker Recruiting.
Washington State advisor at RBC who beat Morgan Stanley’s restraining order in court loses a battle to keep client data in arbitration.