RBC snags $340M duo from Smith Barney

RBC Wealth Management has added two senior financial advisers from Smith Barney with $340 million in client assets as the regional brokerage firm continues to recruit brokers a rapid clip. Patrick F. Duff and Vincent D. Crudo joined RBC’s New Haven, Conn., office as senior vice presidents and financial consultants, according to an announcement from the company. Most recently, the duo worked at Smith Barney, a division of Citigroup Global Markets Inc., where they were part of the firm’s institutional fixed-income group and generated $3.4 million in trailing-12-month production off of $340 million in client assets. RBC also said that Tracey A. Ten Eyck joined the team as a client-registered senior associate. With the addition of Mr. Duff and Mr. Crudo, RBC has recruited 299 consultants so far this year, outpacing the firm’s previous high of 157 recruits in all of 2008, according to RBC spokesman Chris Nietupski. RBC now has more than $450 billion in assets under administration, more than $20 billion of assets under management and more than 4,000 financial consultants, advisers, private bankers and trust officers.