A team from Morgan Stanley that manages about $500 million in assets is joining RBC Wealth Management. The Market Street Group will join the office that RBC recently opened in St. Louis.
The team includes two financial advisers, Robert Funke and Peter Sadlo, both with 24 years of industry experience, as well as investment associate DeAnne Finn and registered client associate Amy Hustedde.
Funke had worked at Morgan Stanley since 2009 and earlier did stints at Citigroup and A.G. Edwards. Sadlo also joined Morgan Stanley in 2009 after working at Citigroup, A.G. Edwards and Heitner Corp.
Blue Anchor Capital Management and Pickett also purchased “highly aggressive and volatile” securities, according to the order.
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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.
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