RBC Wealth Management said Friday that it had hired a substantial practice in Atlanta, the ESOP Group, with close to $5.5 billion in client assets, from UBS.
The three managing directors of the team are Leslie Lauer, Rebecca Glasgow and Curt Rubinas. According to their BrokerCheck profiles, Lauer spent 17 years at UBS, while Glasgow and Rubinas had worked at the giant Swiss bank's U.S. wealth management business for 15 and 17 years, respectively.
A spokesperson for UBS declined to comment.
ESOP Group was founded in 1989. ESOP stands for employee stock ownership plan, and the firm specializes in working with business owners on succession planning and the sale of privately owned businesses.
“RBC Wealth Management’s supportive leadership and culture will allow us the freedom to focus on what we do best — helping our clients transition their businesses,” Lauer said in a statement.
The team includes senior financial associates Kurt Hirshman and Catherine Mericka, senior client associates Andrew Becket and Christy Dryden, senior investment associates Dana Breland and Christy Dryden and client associate Rebecca Leichter.
"This talented and forward-thinking team is further proof that RBC Wealth Management continues to be the firm of best fit for the industry’s top advisors," Tom Sagissor, president of RBC Wealth Management - U.S., said in the statement.
The firm's CFO and EVP of Wealth Management Solutions are the latest executives to exit the broker-dealer.
Clients are saying they would consider switching advisors if another professional offered estate planning services, according to a new Trust & Will survey.
CEO Laurel Taylor says the fintech's composable AI stack helps workers optimize dollars across Trump Accounts, 529s, 401(k)s, and other employee benefits.
The bank has swiped three private banking veterans from BNY as the city climbs the ranks of America's fastest-growing wealth hubs.
Employee accounts, crypto trials and job cuts frame a pivotal year for the Swiss lender.
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
Direct indexing is on pace to outgrow ETFs and mutual funds. Northern Trust's Ken Lassner explains why the advisors who get it wish they had started sooner.
