RBC Wealth Management recruits $337M team in Memphis

RBC Wealth Management recruits $337M team in Memphis
Team of six has switched from Cetera.
DEC 01, 2023

RBC Wealth Management has added another strong advisor team to its growing portfolio across the country.

Clarity First Group’s four financial advisors and two client associates have switched from Cetera with approximately $337 million in client assets.

The Memphis-based team includes:

  • Steve Anderson, CFP, senior vice president – financial advisor
  • Frank Lequerica, senior vice president – financial advisor
  • Chris Hebert, CFP, senior vice president – financial advisor
  • Justin Wright - financial advisor
  • Amy Smith, senior client associate
  • Heather Walker, senior client associate

“Clarity First Group is committed to building strong client relationships based on trust and personalized service, which is a great match for our client-first culture,” said Nat Hooker, Memphis branch director. “We are thrilled to welcome this talented team to RBC Wealth Management.”

Canadian firm RBC Wealth Management has been picking up some high-value teams recently including a $1.37 billion team from Merrill Lynch, and teams from Morgan Stanley, Wells Fargo, and UBS managing more than $4 billion.

Latest News

Health savings account contributions, investments can be boosted by one key thing
Health savings account contributions, investments can be boosted by one key thing

New research also reveals that one third of HSA holders withdrew more than they put in.

Maryland bars advisor over charging excessive fees to clients
Maryland bars advisor over charging excessive fees to clients

Blue Anchor Capital Management and Pickett also purchased “highly aggressive and volatile” securities, according to the order.

Wave of SEC appointments signals regulatory shift with implications for financial advisors
Wave of SEC appointments signals regulatory shift with implications for financial advisors

Reshuffle provides strong indication of where the regulator's priorities now lie.

US insurers want to take a larger slice of the retirement market through the RIA channel
US insurers want to take a larger slice of the retirement market through the RIA channel

Goldman Sachs Asset Management report reveals sharpened focus on annuities.

Why DA Davidson's wealth vice chairman still follows his dad's investment advice
Why DA Davidson's wealth vice chairman still follows his dad's investment advice

Ahead of Father's Day, InvestmentNews speaks with Andrew Crowell.

SPONSORED RILAs bring stability, growth during volatile markets

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.

SPONSORED Beyond the dashboard: Making wealth tech human

How intelliflo aims to solve advisors' top tech headaches—without sacrificing the personal touch clients crave