RBC adds First Republic duo managing $400 million

RBC adds First Republic duo managing $400 million
Mark Friedman and Mitchell Peters, who are joining RBC's San Francisco office, had been affiliated with First Republic since 2017.
APR 28, 2023

RBC Wealth Management announced Friday that two advisors from First Republic Bank who oversee $400 million in client assets were joining its San Francisco office.

Mark Friedman and Mitchell Peters operate as the Friedman Peters Group.

Friedman has 25 years of experience, according to his BrokerCheck report. He had been affiliated with First Republic since 2017 and earlier spent 10 years at UBS and six years at Citigroup, after starting his career at Merrill Lynch.

Peters has 21 years of experience, according to BrokerCheck. He had been affiliated with First Republic since 2017 and earlier spent 11 years at UBS.

On Tuesday, RBC had announced that two solo advisors were joining from First Republic: Brian Addington, with $300 million in client assets, in the San Francisco office, and Theresa Allen, with $255 million in assets, in the Newport Beach, California, office.

Now more than ever, DC plans need to provide retirement income

Latest News

Duo charged with posing as 49ers player, financial advisor to defraud women of $1.3M
Duo charged with posing as 49ers player, financial advisor to defraud women of $1.3M

Federal prosecutors say the scheme used fake investment accounts and a fictitious financial advisor to lure victims into romance-fueled fraud.

Convicted ex-Morgan Stanley broker ordered to pay firm $8.7 million
Convicted ex-Morgan Stanley broker ordered to pay firm $8.7 million

Morgan Stanley sought to claw back recruiting bonus money from Darryl Cohen.

Referrals aren’t luck: Why intentional COI strategy is the future of advisor growth
Referrals aren’t luck: Why intentional COI strategy is the future of advisor growth

Referrals from centers of influence may open the door, but the real key to success for advisors comes from clarity about their ideal clients and where they want to show up.

FiNet, Raymond James land California and Washington advisor teams
FiNet, Raymond James land California and Washington advisor teams

Three advisor groups overseeing more than $700M in combined client assets head to new firms.

Retirement crisis fears hit record high as debt and inflation squeeze Americans
Retirement crisis fears hit record high as debt and inflation squeeze Americans

New research finds most Americans fear a US retirement crisis, while skepticism grows toward AI financial advice and crypto in retirement plans.

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