RBC Wealth Management has added a five-member team that oversaw $610 million in client assets at Truist, the firm announced Friday.
The Cypress Group, which is led by managing director Paul S. Brinkley, will join RBC’s office in Wilmington, North Carolina. Its clients include high-net-worth individuals, business owners and executives.
The team’s members include Jeremy Beakes, senior vice president; Adam VanDamme, financial advisor; and staffers Meredith Clark and Leticia Glenn-Jones. The group has a collective 90 years of experience.
“Our team’s mission is to provide stewardship and guidance to help our clients protect and grow their legacy,” Brinkley said in a statement. “We are confident that we can continue to provide the best possible service to our clients at RBC Wealth Management.”
Brinkley had been affiliated with Truist and predecessor firm BB&T since 2013. He has 27 years of experience, having started at Wheat First Securities in 1996, according to his BrokerCheck report. Beakes started at BB&T in 2004, according to BrokerCheck, while VanDamme started at UBS in 2014 and joined BB&T in 2017.
The move to charge data aggregators fees totaling hundreds of millions of dollars threatens to upend business models across the industry.
The latest snapshot report reveals large firms overwhelmingly account for branches and registrants as trend of net exits from FINRA continues.
Siding with the primary contact in a marriage might make sense at first, but having both parties' interests at heart could open a better way forward.
With more than $13 billion in assets, American Portfolios Advisors closed last October.
Robert D. Kendall brings decades of experience, including roles at DWS Americas and a former investment unit within Morgan Stanley, as he steps into a global leadership position.
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.
