RBC Wealth Management recruits $337M team in Memphis

RBC Wealth Management recruits $337M team in Memphis
Team of six has switched from Cetera.
DEC 01, 2023

RBC Wealth Management has added another strong advisor team to its growing portfolio across the country.

Clarity First Group’s four financial advisors and two client associates have switched from Cetera with approximately $337 million in client assets.

The Memphis-based team includes:

  • Steve Anderson, CFP, senior vice president – financial advisor
  • Frank Lequerica, senior vice president – financial advisor
  • Chris Hebert, CFP, senior vice president – financial advisor
  • Justin Wright - financial advisor
  • Amy Smith, senior client associate
  • Heather Walker, senior client associate

“Clarity First Group is committed to building strong client relationships based on trust and personalized service, which is a great match for our client-first culture,” said Nat Hooker, Memphis branch director. “We are thrilled to welcome this talented team to RBC Wealth Management.”

Canadian firm RBC Wealth Management has been picking up some high-value teams recently including a $1.37 billion team from Merrill Lynch, and teams from Morgan Stanley, Wells Fargo, and UBS managing more than $4 billion.

Latest News

Advisor moves: LPL, Raymond James and NewEdge add breakaway teams
Advisor moves: LPL, Raymond James and NewEdge add breakaway teams

Firms announce new recruits in Minnesota, Texas and Florida as advisors cite autonomy, brand flexibility and client-service culture as key factors in their moves.

UBS expands in Southern California with Irvine office and LA hires
UBS expands in Southern California with Irvine office and LA hires

The wirehouse opens a new Orange County hub and adds a four-advisor team from Bernstein to its Century City operation.

RIA consolidation rolls on as Sequoia and Allworth ink fresh deals
RIA consolidation rolls on as Sequoia and Allworth ink fresh deals

Two of the country's most active acquirers close new transactions, underscoring the relentless pace of RIA consolidation in 2026.

The portfolio may be diversified. The family often isn't
The portfolio may be diversified. The family often isn't

Advisors stress-test allocations for market drops, but the bigger threat to a client's wealth usually sits outside the portfolio entirely

Diamonds that never existed: SEC says Lugano co-founder booked fake sales
Diamonds that never existed: SEC says Lugano co-founder booked fake sales

The SEC says the payouts came from later investors, and the numbers never added up

SPONSORED Direct indexing webinar targets tax-loss harvesting amid market swings

Northern Trust’s Ken Lassner shows advisors how to convert volatility into after-tax portfolio gains

SPONSORED Who builds the income when the pension disappears?

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