RBC Wealth Management lured a team of financial advisors away from UBS in order to establish a new branch office in Columbus, Ohio.
The addition of James Ford & Duble Wealth Partners, which managed $1.1 billion in client assets at UBS, gives RBC Wealth Management an expanded presence in the Great Lakes region. The firm, which is a division of RBC Capital Markets, has $515 billion in total client assets.
This is RBC Wealth Management’s third office in Ohio, with the others located in Toledo and Cleveland. The firm employs 2,100 financial advisors working in 187 branches across 42 states.
“We’re very excited to open an RBC Wealth Management branch in Columbus, as it grows the firm’s reach in Ohio and enables us to serve more clients,” Frank Albanese, the Great Lakes Complex director at RBC Wealth Management, said in a statement. “James Ford & Duble Wealth Partners has a long and successful history in this area.”
Managing director William James II will lead the Columbus branch. James II spent the past 11 years with UBS and has 29 years of industry experience, according to BrokerCheck. He’s joined by senior vice president Patrick Ford, who joined UBS four years ago after 31 years with Merrill Lynch, and vice president Anastasia Duble, who has spent her entire nine-year career as an advisor with UBS.
The firm also includes three support staffers.
A substantial number of people in a new 2,200-person survey believe their wealth, their "wallet power" and their retirement timelines are at stake.
The S&P 500 headed toward its 45th record in the year helped in part by a surprise interest income gain at the Wall Street giant.
Meanwhile, Wells Fargo’s WIM group reported close to $2.3 trillion at the end of last month.
The Securities and Exchange Commission has focused on "black-and-white" allegations of AI washing, but that could broaden out to a gray area that may loop in more financial services companies, a lawyer says.
More than nine in 10 HNWIs prioritize charitable giving, but demographics help shape the whys and the hows.
Discover the award-winning strategies behind Destiny Wealth Partners' client-centric approach.
Morningstar’s Joe Agostinelli highlights strategies for advisors to deepen client engagement and drive success