Duo had been generating $5.3 million in annual revenue at the time of their move to Wells in January 2020.
Amanda Dolan helped develop and launch a virtual recruiting platform as part of a pandemic response—efforts that will “slingshot us forward as we return to normal,” she said.
Less than a week earlier, Merrill asked a federal court in Maryland to stop the team, which defected from the wirehouse on June 3, from soliciting clients and to order them to return any customer contact information they took to their new firm.
Maryland broker receives one-year suspension and $10,000 fine after an anonymous letter to RBC identified the 26-year industry veteran in Maryland as an executor and beneficiary of his late client’s estate.
In its bid for a temporary restraining order, the wirehouse also cites the team’s plan to solicit 13 bank-referred clients who are not subject to the protections of the Protocol for Broker Recruiting.
It’s at least the second time in less than a month that UBS has sought to handcuff advisors who bolted.
New Jersey team includes four advisors and three associates and has a heavy focus on institutional consulting, according to RBC.
Duo joined RBC in Wellesley on Tuesday after 13 years at Wells, according to BrokerCheck records.
Three brokers and four support staff are opening a new office for RBC in Roanoke.
The eight-person team led by veteran wirehouse brokers Thomas A. Paulson, William “Tuck” Holman and Steven E. Gatto, left for RBC on Thursday.