RBC nabs $610M team from Truist

RBC nabs $610M team from Truist
The Cypress Group will operate out of RBC’s office in Wilmington, North Carolina.
JAN 05, 2024

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.

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