RBC's latest hire? $600M team from Wells Fargo
RBC snapped up a Wells Fargo team managing $600 million in client assets, a spokeswoman said.
The team, dubbed the Weissman & Dion Wealth Management Group, joined RBC in West Palm Beach, Florida, but will move into a new office due to open in Boca Raton later this year.
The new hires include veteran advisors Gary Weissman and Eric Dion as well as Andrea Dellisanti, a registered client associate, and Peggy Eagles, a senior registered client associate.
Weissman and Dion said they made the move in part for RBC's platform and non-wirehouse environment.
The wirehouse recently reported advisor headcount shrank by 258 advisors year-over-year.
"We believe we will be able to continue to provide our clients with all of the products and offerings of a large, global institution but with a small-firm culture," they said in a statement.
Weissman and Dion are advisors of 29 and 33 years of industry experience, respectively, according to FINRA BrokerCheck records. They had been registered with Wells Fargo since 2009, having previously worked at Janney Montgomery Scott.
A spokeswoman for Wells Fargo declined to comment on the group's departure.
Wells Fargo's brokerage force has shrunk as brokers have left for regional BDs or independent firms. Advisor headcount, at 14,399 in the first quarter, was down 258 year-over-year.