By 4:40 on Friday afternoon, August 3rd, Warren Bischoff, director of RBC Wealth Management's Washington DC complex, was done working and was about to head downstairs to grab a beer and celebrate. It is part of his office's tradition that along with a lunch on their first day, new hires also get a happy hour at the end of week one. This week the festivities were in honor of two new hires at the firm's Chevy Chase, Md., offices: the father/son team of Paul Keats and John Keats.

It was this congenial culture that lured the two away from their positions at Morgan Stanley Smith Barney's Bethesda, Maryland offices, Bischoff says. "It's a return to the old days where people loved their firms and people had pride in their firms," he says. "We're selling a quality of life. All the products are the same; what we have is an elite culture."

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