Kristen Kimmell, who had been chief of staff to Wealth CEO Michael Armstrong, will lead advisor recruiting.
Twenty-nine year Merrill veteran in Scranton moved family team producing $4.2 million to Wells, and eight-person team overseeing $540 million in Minocqua, Wis. joined RBC (which also hired two Merrill teams in northern California).
The U.S. unit of Royal Bank of Canada has recruited at least two UBS teams in August and two Merrill Lynch teams earlier this summer.
Team said to be managing about $440 million is the second to leave Merrill’s Buckhead branch for RBC this summer.
Move by 23-year industry veteran in Nevada on Thursday follows the departure of a 21-year UBS lifer to RBC Wealth earlier this month.
Thirty-four-year industry veteran knew that money mistakenly deposited into his brokerage account was “too good to be true,” a Finra hearing panel ruled.
Four Long Island advisors on an Ameriprise employee-channel team split for offices of rival firm in Manhattan and Boca, while a wirehouse broker in Des Moines leaves to launch an independent practice in the city.