A Morgan Stanley team that generated $2 million in annual revenue left to join RBC, according to a spokeswoman. The regional firm has been aggressively attempting to grow through recruiting.
RBC said it
The team oversaw $318 million while at the wirehouse, according to
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The regional brokerage firm recruited its second wirehouse group this week.
June 27 -
The group joined the regional broker-dealer from Morgan Stanley.
June 26 -
The new hires help the firm further expand its presence in the Southeast, an executive says.
June 21
Advisers Brandt Haring and Joe Smart joined RBC's office in Chevy Chase, Maryland. Warren Bischoff, director of RBC Wealth Management’s Washington complex, cited the advisers' experience and work ethic as reasons they were hired.
"They are truly comprehensive in their wealth management planning, and will be a great fit for RBC Wealth Management," Bischoff said in a statement.
Haring started his career at Lehman Brothers in 1988, according to FINRA BrokerCheck records. Smart began his tenure there a year later. They moved to Smith Barney in 1993, and stayed through that firm's eventual merger with Morgan Stanley.
A Morgan Stanley spokeswoman was unavailable for immediate comment.