RBC Wealth Management has bolstered its operations in Ohio as it welcomes a multi-generational planning team from Morgan Stanley.
The firm announced Thursday that it has officially recruited the Paradigm Group, a team of five financial professionals who managed approximately $693 million in client assets at their previous firm.
The Paradigm Group’s roster includes:
They are supported by four associates with over 40 years of combined experience: Mary Lynn Bosway, Sam Mayne, Maureen Regan, and Suzi Wood.
The team specializes in wealth planning, business succession strategies, executive compensation, and retirement solutions, with a base of high-net-worth and ultra-high-net-worth clients that includes families, business owners, and executives.
“RBC Wealth Management’s client-centric approach coupled with its global heft, financial stability, lending capabilities and focus on asset and liability management make it a perfect fit for our clients,” said McLaughlin.
Aside from Morgan Stanley, McLaughlin’s 29-year BrokerCheck record includes stops at Raymond James, Northwestern Mutual, and Baird.
With its latest addition, RBC is also acquiring a new location in Cincinnati, adding to its other Ohio branches in Cleveland, Columbus, and Toledo.
“Our whole team jumped at the chance to bring the RBC brand and its commitment to investing in the communities where we live and work to Cincinnati,” McLaughlin said.
RBC has seen a steady stream of advisor teams overseeing healthy books of business come through its door the past few months, including a $640 million team from Merrill Lynch that joined in July and a $915 million group that defected from Truist in June.
Also, Orion has added BlackRock, Fidelity, and Vanguard to its custom portfolios suite, and RedBlack has set up a new headquarters after crossing a trillion-dollar milestone.
Also, New York-based Legacy Edge Advisors names its first-ever CEO, while Novare Capital Management hires a Vanguard veteran with a multigenerational planning focus.
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