RBC

“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.