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.
New CFA Institute research calls for tougher valuation rules and suitability standards as private credit funds court wealth management clients.
Michigan father-son team with nearly 50 years of combined experience joins LPL, while a New Jersey advisor moves from Ameriprise to RJFS.
UBS expert Sarah Salomon says stewardship is built over time, not handed over in a will.
KPMG's Pulse of Fintech report finds American dealmaking dominated global totals, with AI and payments consolidation reshaping where capital flows.
ERISA Investment Fiduciary Philip Chao says most retirement plans use target date funds as a one-size-fits-all default that ignores individual circumstances
Northern Trust’s Ken Lassner shows advisors how to convert volatility into after-tax portfolio gains
Dan Biagini of American Equity says the steady decline of pensions, longer lifespans and a reset in interest rates are rewriting how advisors build retirement income
