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.
Rajesh Markan earlier this year pleaded guilty to one count of criminal fraud related to his sale of fake investments to 10 clients totaling $2.9 million.
From building trust to steering through emotions and responding to client challenges, new advisors need human skills to shape the future of the advice industry.
"The outcome is correct, but it's disappointing that FINRA had ample opportunity to investigate the merits of clients' allegations in these claims, including the testimony in the three investor arbitrations with hearings," Jeff Erez, a plaintiff's attorney representing a large portion of the Stifel clients, said.
Chair also praised the passage of stablecoin legislation this week.
Maridea Wealth Management's deal in Chicago, Illinois is its first after securing a strategic investment in April.
Orion's Tom Wilson on delivering coordinated, high-touch service in a world where returns alone no longer set you apart.
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.