RBC Wealth Management

Across the country, banks of all sizes are investing in the wealth business as a way to deepen customer relationships, capture recurring revenues and tap into a massive transfer of wealth from baby boomers to Generation X and millennials. A lot of money is up for grabs, but maybe not enough to go around.

The managing director was arrested for two domestic violence incidents over a three-week period.

Kristin Kimmell brings decades of experience and notable success as the replacement to the former head recruiter promoted only last year.

The firm grew its total assets under administration by 30% year-over-year, reaching $530 billion.

The quartet of financial advisors leaving UBS after a decade also has an advisor with an equestrian specialty.

More than half of the broker-dealer’s clients say they’re interested in increasing the share of socially-responsible investments in their current portfolio.

The dispute highlights the complicated nature of non-solicitation carve-outs when advisors switch firms.

After a pilot program in September, RBC is now rolling out the new software to its entire workforce of 2,000 advisors.

The firm’s aggressive hiring streak continues with the onboarding of several wirehouse advisors.

Nate Angelo will be responsible for 137 advisors who manage roughly $20 billion in assets.

The advisors know RBC’s Pittsburgh complex director from earlier in their careers, when all three men worked at Smith Barney.

The former wirehouse advisors specialize in financial strategies for high-net-worth clients, families and businesses.

The advisors are reuniting with a former Smith Barney colleague in one of the firm’s largest hires of the year.

The multigenerational group includes a grandfather, father and son.

The new recruits came at the expense of Merrill Lynch, UBS and Wells Fargo.

The firm expands on both coasts with Glasband Stempel Wealth Management in Florida and Carol Wilshire in California.

“The strategy was really tied to choosing the right partners who we knew had a greater likelihood of integrating well together,” says Amit Sahasrabudhe, COO of the firm’s U.S. wealth management business.

The new hire joins a fast-growing complex in Northern California.

The bank’s home city of Toronto boasts a population that is more than 50% foreign-born, but there is little diversity in the upper echelons of its financial firms.

The advisors had logged seven years at their former wirehouse.