RBC Wealth Management nabs duo from Stifel Nicolaus

RBC Wealth Management continues to add financial advisers from competing brokerages and has now recruited a two-person team from Stifel Nicolaus, a subsidiary of Stifel Financial Corp. Mike Lamb and Cindy Dellinger, who specialize in fixed income, will join RBC as senior vice presidents and financial consultants in the firm's San Francisco operations. They have nearly $3.9 million in combined trailing-12 month production, according to RBC Chris Nietupski. Valerie DeSimone also joins Mr. Lamb and Ms. Dellinger in the San Francisco office as a senior associate. The move to RBC allows the team to “utilize a much larger primary adviser platform for its clients,” according to a statement from the company, which added that Mr. Lamb and Ms. Dellinger each has at least 25 years of experience in the financial advisory business. With their additions, RBC has now recruited a total of 315 advisers in 2009, said Mr. Nietupski. “We took advantage of tremendous growth opportunities the changing markets afforded us,” he said.