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.
Federal prosecutors say the scheme used fake investment accounts and a fictitious financial advisor to lure victims into romance-fueled fraud.
Morgan Stanley sought to claw back recruiting bonus money from Darryl Cohen.
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.
Three advisor groups overseeing more than $700M in combined client assets head to new firms.
New research finds most Americans fear a US retirement crisis, while skepticism grows toward AI financial advice and crypto in retirement plans.
Northern Trust’s Ken Lassner shows advisors how to convert volatility into after-tax portfolio gains
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