A team that oversaw $1.37 billion in client assets at Merrill Lynch has joined RBC Wealth Management, the firm announced Thursday.
The Miami-based Ruccio Group is led by managing director Jeremy Ruccio. The team includes first vice president Tristan Lambert, vice president Bita Asgair, senior registered client associates Lizbeth Sain and Melissa Montoya, and client associates Jenifer T. Quiles, Maria Ramos-Barcia, Yohan Garciga and Paul Alva..
The Ruccio Group’s ultra-high-net-worth clients include real estate investors, private equity partners and CEOs. The team’s services include wealth planning, asset preservation and custom lending, with the team currently handling $1.6 billion of liabilities for clients.
“At RBC Wealth Management, our team will be able to combine the personalized attention and feel of a smaller firm with the power and insights of a global financial institution, enabling us to create goals-based financial strategies tailored to our clients’ unique situations,” Ruccio said.
Ruccio has 15 years of experience, according to his BrokerCheck report, all at Merrill Lynch.
RBC Wealth Management has more than 2,100 advisors in 42 states, who managed $544 billion in client assets.
Big-name defections from Morgan Stanley, UBS, and Merrill Lynch headline a busy two weeks of recruiting for the wirehouse.
Markets have always been unpredictable. What has changed is the amount of information investors are trying to process and the growing role advisors play in helping clients avoid emotional decisions
Six apartment deals, one "big account," and $2.7M in undocumented insider loans. Now the lawsuit lands
The Illinois order refers to Brandon Ellington’s investment program as a “Ponzi-like scheme.”
But the Amazon executive chair seems to want it both ways, arguing that taxing the ultra-wealthy won't help struggling Americans.
As technical expertise becomes increasingly commoditized, advisors who can integrate strategy, relationships, and specialized expertise into a cohesive client experience will define the next era of wealth management
Growth may get the headlines, but in my experience, longevity is earned through structure, culture, and discipline
