RBC

The firm expands on both coasts with Glasband Stempel Wealth Management in Florida and Carol Wilshire in California.

“The strategy was really tied to choosing the right partners who we knew had a greater likelihood of integrating well together,” says Amit Sahasrabudhe, COO of the firm’s U.S. wealth management business.

As consolidation reshapes the market, the custodian sees an opportunity to attract tech-forward and multi-custodial firms.

The team caters to athletes, entertainers, and entrepreneurs.

The new hires were previously at Merrill Lynch, UBS, and BB&T.

As anxious as they may be to take advantage of the opportunity, there are pitfalls and hidden costs, advisors warn.

The new hire joins a fast-growing complex in Northern California.

They left Merrill Lynch and Wells Fargo to join their new firm.

The bank’s home city of Toronto boasts a population that is more than 50% foreign-born, but there is little diversity in the upper echelons of its financial firms.

They join a growing St. Louis branch that RBC opened in 2018.

Observing the day is one way wealth management firms are trying to respond to civil unrest.

The advisors had been with their former employer for 11 years.

The advisors had logged seven years at their former wirehouse.

“We didn’t need to physically travel to see that RBC was the ideal place to move our practice,” ex-UBS advisor says.

Advisors who switch firms during the pandemic have tough (virtual) conversations with clients in store.

The advisor joined before states and cities began ordering businesses to close and residents to shelter in place.

The firm’s CEO told staff there would be no headcount reduction in 2020 even as other industries have furloughed workers in droves.

The perennial contender won the top spot in J.D. Power’s annual survey as the coronavirus makes brand and advisor trust even more important to the industry.

The worker, who tested positive on Monday, and colleagues in close contact with the person are in self-quarantine.

New hires follow two big additions last month that had AUM topping $2 billion.