RBC Wealth Management has announced the addition of the 770 Group, a multigenerational team managing nearly $2.8 billion in client assets, to its Atlanta office. The 15-member team, which joined from UBS, brings more than 200 years of collective experience to RBC.
The 770 Group is led by managing directors William H. Pahl, Jr., James Casey Jones, Scott C. Serafin, and Jefferson D. Pace II. They're joined by senior vice president and financial advisor Christine A. Lizaso, along with 10 other associates.
The team has earned multiple industry accolades on the strength of a personalized approach to wealth management, with a strong focus on comprehensive financial planning.
"RBC Wealth Management is the ideal fit for our clients and for our multigenerational team," Pahl said, citing the firm’s client-first values as a significant factor in the decision. Pahl has been in the industry for 36 years, according to his BrokerCheck profile. Prior to his 15-year stint at UBS, he was registered as an investment advisor and broker with Citi.
Jones, a 22-year veteran of the industry, highlighted the importance of "best-in-class technology," citing RBC's "commitment to partnering with industry-leading platforms for financial planning and portfolio analytics [that] enables our team to deliver precise and truly holistic wealth management solutions."
In February, RBC Wealth Management announced an expanded partnership with Tifin AG, giving its fleet of US advisors the ability to deepen client relationships and grow their practice with the fintech firm's AI-Powered Insights platform.
With $619 billion in total client assets, the firm has over 2,100 financial advisors in 191 locations across 42 states. Its recruitment record so far this year has included a double-deal adding two Wells Fargo teams managing $801 million in August and a $693 million group that decamped from Morgan Stanley that same month.
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.
