RBC Wealth Management has added nearly a billion dollars to its advisory network in Virginia by welcoming a multigenerational trio from Truist into its network.
On Tuesday, the firm overseeing $583 billion in client assets and more than 2,100 financial advisors announced it had welcomed the Brown-Brinkley Group to its Tysons, Virginia office. The team, transitioning from Truist, brings approximately $915 million in client assets to RBC Wealth Management.
The Brown-Brinkley Group is led by a financial advisor team that includes seasoned advisors Alexander S. Brown and William F. Brinkley, who are both managing directors, and Taylor Brinkley.
They are supported by senior business associates Lane Thomas and Victoria Roberts, senior financial associate Hunter Brammer, registered client associate Carly Kacvinsky, and client associates John Kim and Jan Conner.
“We chose to move our business to RBC Wealth Management for its supportive, client-first culture, as well as direct access to leadership and resources that are valuable to our clients,” Brown, who’s been in the industry for 22 years, said in a statement.
Warren Bischoff, mid-Atlantic complex director for RBC Wealth Management – US, said the “high-quality, high-integrity” team is a perfect cultural fit for the firm.
“Their dedication to clients aligns perfectly with the firm’s values and culture, and we are confident they will continue to thrive here,” he said.
Recently in May, RBC boosted its profile in new Jersey as it swiped an $855 million high-net-worth team from JPMorgan.
Prior to that, it expanded its presence in Maryland as it welcomed two experienced advisor teams from Merrill Lynch.
Rajesh Markan earlier this year pleaded guilty to one count of criminal fraud related to his sale of fake investments to 10 clients totaling $2.9 million.
From building trust to steering through emotions and responding to client challenges, new advisors need human skills to shape the future of the advice industry.
"The outcome is correct, but it's disappointing that FINRA had ample opportunity to investigate the merits of clients' allegations in these claims, including the testimony in the three investor arbitrations with hearings," Jeff Erez, a plaintiff's attorney representing a large portion of the Stifel clients, said.
Chair also praised the passage of stablecoin legislation this week.
Maridea Wealth Management's deal in Chicago, Illinois is its first after securing a strategic investment in April.
Orion's Tom Wilson on delivering coordinated, high-touch service in a world where returns alone no longer set you apart.
Barely a decade old, registered index-linked annuities have quickly surged in popularity, thanks to their unique blend of protection and growth potential—an appealing option for investors looking to chart a steadier course through today's choppy market waters, says Myles Lambert, Brighthouse Financial.
