RBC news

RBC news for wirehouse financial advisors: leadership, regulation, and firm strategy.

• RBC Pulls $2B BofA Private Bank Duo in La Jolla

  Second BofA Private Bank hire into RBC La Jolla in about a month — Behun (MD) and Harris (SVP) with $2B+ firm-reported assets, under a Merrill-trained SoCal complex director, inside RBC's push to add 600 U.S. advisors by 2029. Private bank duo, left BofA Private Bank, joined RBC, La Jolla, $2B

• RBC Wealth Management Picks Former Raymond James and UBS Manager Shawn Bernhard to Run Texas South

  RBC Wealth Management named Shawn Bernhard, a former Raymond James and longtime UBS manager, complex director for Texas South, based in Houston.

• RBC Wealth Management Adds Nepa/Susco Team From UBS in Pittsburgh, More Than $1B in Client Assets

  RBC Wealth Management has added the Nepa/Susco Team, which oversaw more than $1 billion in client assets at UBS, in Pittsburgh. left UBS, joined RBC, Pittsburgh, $1B

• RBC Loses $1.1B Baltimore Team as Rosenwald Private Wealth Goes Independent With Indivisible

  RBC Wealth Management has lost a Baltimore team overseeing about $1.1 billion to Indivisible Partners, the RIA founded by former Merrill wealth chief John Thiel. left RBC, Baltimore, $1.1B

• Kinsey, Moss & Pickett Bolt Stifel for RBC, Taking $1.6 Billion in Dallas Client Assets

  RBC is methodically picking off $1B+ teams from regional powerhouses like Stifel in major Sun Belt markets—if your book is north of a billion and you're in Dallas, expect a call. Kinsey / Moss / Pickett team, left Stifel, joined RBC, Dallas, $1.6B

• Sheresky Samsen Group's $1.7B Practice Leaves RBC for Wells Fargo as Greenwich Team Picks Wirehouse Over Independence

  Wells Fargo is writing the biggest checks in the wirehouse recruiting market right now — if you're fielding a call from their team, they're serious and they're funded. Sheresky Samsen Group, left RBC, joined Wells Fargo, $1.7B

• Baird Snags $508M RBC Team While Merrill Lynch Pulls $560M in New Talent—Nearly $1.1B Shifts in One Recruiting Cycle

  Nearly $1.1 billion in client assets just changed hands between four major firms in a single recruiting cycle—if your book is in a Midwest market, expect your phone to ring from a competitor's recruiter soon. left RBC, joined Baird, $508M

• RBC Poaches Its Own: Osaic's Recruiting Chief Kristen Kimmell Returns as West Divisional Director—A First for the Firm

  RBC just added a seasoned recruiter who spent five years studying how the independent channel attracts advisors. Expect the West Division to get more aggressive on transitions and retention offers. left Osaic, joined RBC

• RBC Wealth Management Pulls $5.2B in Net New Assets as Recruiting Push Lifts U.S. AUM 17% to $228B

  RBC is writing bigger transition checks and pairing them with bank-balance-sheet lending capabilities—if you're fielding a call from their recruiters, the platform is more competitive than it was two years ago. $5.2B

• RBC Poaches Back Osaic's Recruiting Chief Kristen Kimmell After 4-Year Independent Detour

  RBC is re-arming its recruiting operation with an executive who spent four years learning how the independent channel hunts advisors—that's a direct threat to every IBD and wirehouse competing for the same talent pool.

• RBC Wealth Management Lands $670 Million Baird Team in Houston

  RBC Wealth Management recruited the $670M Ellsworth Fair team from Baird in Houston, a rare departure from one of the industry's stickiest firms. left Baird, joined RBC, Houston, $670M

• Raymond James Lands $5 Million Revenue Team From RBC in Colorado

  Raymond James's recruitment of a $5 million revenue team from RBC demonstrates the firm's ability to compete for top-tier talent against both wirehouses and independent platforms. left RBC, joined Raymond James, Colorado

• RBC Wealth Management Recruits $705 Million Morgan Stanley Team in Fargo

  RBC continues to punch above its weight in U.S. recruiting, landing a specialized Morgan Stanley team that underscores the firm's appeal to advisors with niche practices. left Morgan Stanley, joined RBC, Fargo, $705M