RBC grabs $122M adviser, wirehouse branch manager

RBC picked up an adviser who managed $122 million in client assets and tapped an ex-Morgan Stanley branch manager to lead a Chicago office, the company said.

Last month, RBC picked up another Morgan Stanley who managed $308 million in client assets and snagged a Morgan Stanley team who generated $5.5 million in annual revenue.

Adviser Tonya Nichols joined RBC in Portland, Oregon, from Baird, according to a spokesman. While at the regional firm, she generated $1 million in annual revenue, according to RBC. Prior to joining Baird in 2012 Nichols worked at Merrill Lynch, according to FINRA BrokerCheck records.

Also moving to RBC is Carolynn Ashton, a senior client associate who entered the industry in 2013, according to the firm.

Baird could not be reached for comment about Nichols and Ashton’s departure.

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The advisers oversaw nearly $900 million in combined AUM, and moved to Morgan Stanley, Raymond James and HighTower.

By Jane Yi Zhang

1 Min Read

WIREHOUSE TALENT
RBC also said that Justin Ferdula, a former Morgan Stanley branch manager, would oversee the firm's Chicago office, according to a spokesman.

On Wall Street previously reported on his departure from the wirehouse in May. Ferdula is the second manager to leave Morgan Stanley’s Rockefeller center office in the last month.

As director of RBC’s Chicago office, Ferdula will oversee six branches and more than 60 advisers, according to a spokesman.

In 2010, he was listed among On Wall Street's Top 100 branch managers.

A spokeswoman from Morgan Stanley declined to comment on Ferdula’s exit.