RBC Wealth Management has added two advisor teams across three states with a combined $630 million in client assets.
The additions are the latest wirehouse defections for the Canadian-owned firm, which has picked up more than $8 billion in assets in recent months from UBS alone.
In Syracuse, New York, a two-advisor team looking after $404 million joins from Morgan Stanley’s branch in the city.
The Pluff Wealth Management Group includes:
Pluff had been with Morgan Stanley since the late 80s and is well-known in upstate New York for hosting local TV shows for more than three decades. Doyle had been at the wirehouse for more than 20 years.
“Dan and Carol have worked together building an extraordinary practice over 20 years serving high-net-worth families and institutions,” said Frank Albanese, Great Lakes complex director for RBC Wealth Management. “We couldn’t be more excited to be the firm of choice for such a high-quality, high-integrity team and we are confident they will continue to thrive and flourish in RBC’s advisor-centric culture.”
Meanwhile, a duo from Wells Fargo has also joined RBC.
The $226 million father and son team includes:
With a combined five decades of experience, Mark Lucas joins the firm’s Erie, Pennsylvania, branch while Thomas W. Lucas will work from the firm’s Minneapolis location.
“I had the privilege to work with Mark and Tom at a prior firm and have seen firsthand the quality of work they do for the families they serve,” Albanese said. “With over 47 years of experience between them we couldn’t be more grateful to have them on our team.”
New EBRI research found workers who participated in employer financial education reported higher confidence, literacy and financial satisfaction.
Beyond operational excellence, the winning advisors of the future are the ones who can reach across multiple disciplines without discarding specialist skills.
Deal marks firm's 11th acquisition, pushes AUM above $11 billion as Seascape's Portsmouth team joins the RIA.
The Investment Adviser Association, CFP Board, and the CFA Institute warn semiannual filings would widen information gaps and raise costs for advisors and clients.
Elsewhere, a Commonwealth team in Massachusetts converts to Cetera, while Janney draws four former Wells Fargo advisors to its Radnor, Pennsylvania office.
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
Direct indexing is on pace to outgrow ETFs and mutual funds. Northern Trust's Ken Lassner explains why the advisors who get it wish they had started sooner.
