RBC Wealth Management is starting off its 2025 recruitment calendar strong as it lures a heavyweight team from JPMorgan.
The firm announced Thursday that the Pensato Slayne Group, a team managing approximately $1.2 billion in client assets, has joined its New York City office.
The team includes Arthur Pensato and William Slayne, along with Lindsay Hansman, Carrie Port, Connor Secora, and Lloyd King.
The five-person group, which transitioned from JPMorgan Wealth Management, specializes in serving ultra-high-net-worth clients with a focus on estate planning, investment strategies, and retirement savings.
John Moran, New York complex director at RBC Wealth Management, emphasized the significance of the move.
“This group stands out as one of the most elite New York City wealth management teams and RBC is proud to welcome them,” he said Thursday, underscoring RBC's status as a top choice for advisors catering to high-net-worth clientele.
Pensato cited RBC’s emphasis on client relationships as a key factor in the decision.
“Our team takes time to develop relationships with each client or family, learning their preferences, intentions, ambitions and priorities,” Pensato said. “We are excited to join RBC Wealth Management and work together to continue to solve client problems and add value to their lives.”
Slayne echoed the sentiment, highlighting the firm’s culture and accessibility to its leadership.
According to their BrokerCheck records with Finra, Pensato and Slayne were each affiliated with First Republic Securities for years. JPMorgan acquired First Republic last year in the aftermath of the regional banking crisis, which saw the regional lender collapse and get seized by regulators in a goverment-led effort to contain the turmoil.
RBC Wealth Management, a US subsidiary of Royal Bank of Canada, reported $640 billion in client assets as of October 31. The firm operates in 192 locations across 42 states, supported by more than 2,200 financial advisors.
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