The Minneapolis-based firm touts that it has recruited advisors representing a record $20 billion in assets year-to-date.
For the second time in two weeks, a federal judge rejected a brokerage firm’s claim that it would suffer “irreparable harm” if former brokers are not prevented from soliciting former clients to move their accounts.
Continuing to prosecute sales violations involving short-term rollovers of unit investment trusts, Finra fines and suspends a 28-year broker in New Jersey.
RBC on Monday lured longtime San Francisco family-office advisor overseeing about $750 million, and Stifel hired a South Dakota team monitoring $340 million at Wells Fargo Advisors.
Morgan Stanley fills more desks in the Peachtree state, while RBC attracts longtime independent brokers to a branch in Albuquerque.
Dallas broker managing $370 million in client assets moved to RBC yesterday after over three decades with Wells Fargo and predecessor A.G. Edwards.
Top-ranked broker and producing branch manager Lauri Droster takes broader role leading RBC Wealth’s eight branches in St. Paul, while firm hires a veteran Merrill broker in Long Island.
Veteran Atlanta manager Walter Jameson shifts to run a new complex, handing some of his former duties to a manager who rejoined Morgan Stanley from RBC Wealth.
The team represents RBC’s largest hire by assets in St. Louis, a branch where the Canadian bank-owned wealth management firm has hired nine advisors since its opening in 2018.