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RBC Wealth Management to absorb JPMorgan’s RIA custodian
Royal Bank of Canada today said that it will buy, for an undisclosed sum, JPMorgan Chase & Co.'s servicing business for third-party registered investment advisers.
RBC snags $340M duo from Smith Barney
RBC Wealth Management has added two senior financial advisers from Smith Barney with $340 million in client assets as the regional brokerage firm continues to recruit brokers a rapid clip.
RBC ups minimum for commission discounts
As any stockbroker knows, it isn't just online and institutional brokers that offer discounts. Brokers at full-service firms have long offered commission concessions to keep their top customers happy, and their firms have more or less acceded if the broker met a minimum level of revenue production.
Baird adviser with $205M heads to RBC, $100M Merrill couple goes indie
Mike Dwyer, formerly of Robert W. Baird & Co. Inc., has joined RBC Wealth Management as a senior vice president and financial consultant in the firm's Phoenix office, RBC said today.
Downbeat RBS earnings temper banking-sector optimism
A downbeat report from the Royal Bank of Scotland PLC today clouded a week of earnings updates that started with suggestions that the country's lenders were over the worst of the financial crisis — almost exactly two years after the credit squeeze took hold.
RBC snags Merrill vet, extends adviser hiring binge
RBC Wealth Management has lured away yet another rep from a wirehouse and continues to add financial advisers at a substantial clip.
Finra fines Raymond James, RBC over stock-loan fees
The Financial Industry Regulatory Authority Inc. announced today that it had fined Raymond James & Associates Inc. of St. Petersburg, Fla., and RBC Capital Markets Corp. of New York, over stock-loan violations.
On hiring spree, RBC wealth division nabs top UBS team
The Royal Bank of Canada is aggressively recruiting financial advisers and ramping up its wealth management businesses — including the recent hiring of a top-producing team from UBS AG of Zurich, Switzerland.
