RBC Wealth adds $630M teams from Morgan Stanley, Wells Fargo

RBC Wealth adds $630M teams from Morgan Stanley, Wells Fargo
The firm has added advisors in New York, Pennsylvania and Minnesota.
OCT 09, 2023

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:

  • J. Daniel Pluff, managing director – financial advisor, senior portfolio manager – portfolio focus consulting group
  • Carol A. Doyle, associate vice president – senior financial associate

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.”

WELLS FARGO TEAM

Meanwhile, a duo from Wells Fargo has also joined RBC.

The $226 million father and son team includes:

  • Mark Lucas, first vice president – financial advisor
  • Thomas W. Lucas, associate vice president – financial advisor

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.”

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