RBC hires veteran $650M team from Morgan Stanley

Pedestrians carry umbrellas while walking past Royal Bank of Canada (RBC) signage displayed at the Royal Bank Building during the company's annual general meeting in Toronto, Ontario, Canada, on April 6, 2017. RBC Chief Executive Officer David urged lawmakers to coordinate interventions and act quickly to cool housing markets, particularly in Toronto and Vancouver. Photographer: Cole Burston/Bloomberg
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RBC picked up a team managing $650 million from Morgan Stanley, the regional broker-dealer said.

The hires are the latest for RBC, which has turned to virtual recruiting efforts to keep up its momentum amid restrictions imposed by the coronavirus pandemic.

“We are fortunate that RBC’s digital tools and our strong culture have enabled us to continue attracting the industry’s top talent during this time, despite limited in-person interactions,” John Moran, director of the firm’s New York complex, said in a statement.

The Sheresky-Samsen Group is based in Midtown Manhattan, according to RBC. The team is composed of advisors Jeff Samsen, brothers Steve and Jeffrey Sheresky, and Steve’s son, Kenny Sheresky. Moving with the team are Jeannine Barlotta, senior business associate, and Stanley Weeks, senior registered client associate.

The team had joined Morgan Stanley from J.P. Morgan Securities in 2013. At the time, they oversaw $290 million in client assets.

Steve and Jeffrey Sheresky are industry veterans of 35 years standing each, according to FINRA BrokerCheck. Samsen has 33 years in the business. Kenny Sheresky started his advisory career three years ago.

Last week, RBC’s virtual recruiting efforts helped it hire a $600 million team from UBS. The group signed on with the firm in Denver.

RBC has approximately $413 billion in total client assets and 2,000 advisors, according to the firm.

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