RBC continues aggressive hiring pace with new $2 million producer in Manhattan, while Long Island team generating $4.5 million starts independent firm with Schwab’s help.
Finra accuses former RBC broker of quickly wiring money to an outside checking account after he was credited with a foreign stock valuation that was widely off the mark.
Royal Bank of Canada nabbed two Minnesota teams from UBS with $854 million, and a third $429-million team from Wells, but one advisor was lured back.
Sean Phillips, who began his career at Merrill Lynch and has managed Wells Fargo private client branches for the last three years, will continue to be based in Walnut Creek.
Team in Beverly Hills says they sought firm with reputation of “always acting in the best interest of clients.”
In another blow for Wells Fargo Advisors, prominent Midwest team that had been with firm for 13 years moves to Canadian bank’s U.S. wealth unit.
After multi-year cessation, the wealth management unit of the Canadian bank restores its retirement account match for brokers and makes no changes to its 2019 payout plan.
Charlie Eldemire leaves RBC in Houston to run his hometown Dallas RayJay branch, while Cathy Galgano shifts from Chicago suburb to run MS complex on Park Avenue.