RBC drafts two father-son teams to Western US division

Aaron Dykas

The firm is adding $500M to its enterprise with multigenerational teams from Wells Fargo and Merrill Lynch.

RBC Wealth Management is adding another half a billion in assets to its enterprise as its Western US division drafts two multigenerational advisor teams that collectively managing $500 million in client assets.

The Boise, Idaho, office of RBC Wealth Management now includes Aaron Dykas, a seasoned financial advisor with more than three decades of experience in the industry and $305 million in client assets.

Dykas, who joined RBC from Merrill Lynch, comes with his support team: Lisa Schaffer and Alec Dykas, Aaron’s son, both of whom serve as registered client associates.

“I am excited to move my practice to RBC Wealth Management, where the firm’s client-first culture and capabilities will allow me and my team to continue helping our clients build, manage and protect their wealth,” Aaron Dykas said in a statement.

“Aaron and his team provide their clients with superior service and the highest level of communication,” added Dan Ball, the Rocky Mountain complex director for RBC Wealth Management.

RBC has also expanded its presence in Newport Beach, California, where it welcomed another father-son pair from Wells Fargo.

The West Coast team is composed of Sanjay Mathur, a veteran with 40 years of industry experience; his son Amrit Mathur, who brings eight years of experience to the table; and investment associate Heidi Stangl. Together, they manage approximately $195 million in assets.

Dave Thompson, Newport Beach branch director at RBC Wealth Management, warmly welcomed the “talented advisors who constantly strive to provide their clients with the best possible service.”

Monday’s news of RBC Wealth Management’s Western expansion comes after its addition of a $610 million team from Truist in January, before which it took in a $337 million team of six from Cetera.

More recently, RBC Wealth Management-U.S. deepened its long-standing partnership with Tifin AG by rolling out a new AI-driven program for its thousands-strong fleet of advisors.