RBC also picked up San Francisco team on Friday from Merrill.
Deutsche Bank wealth unit purchased by Raymond James in September hires $1.3 million producer in Annapolis from RBC Wealth.
Raymond James picks up St. Louis UBS team with $220 million in client assets; RBC Wealth nabs a Wells lifer near St. Paul overseeing $154 million.
Access to muni bond traders and analysts at Parsippany complex was big lure for veteran team.
Armstrong will replace John Taft, who announced at the beginning of the year that he is retiring at the end of May from Minneapolis-based RBC Wealth Management-US.
The compact wealth management business of Jefferies Group grew a little smaller this week as a three-man team generating more than $4 million of revenue left.