RBC
RBC Fined $200,000 over Former Broker’s Unsuitable Energy Trades
RBC to pay Massachusetts for failing to supervise 50-year veteran who state says “routinely over-concentrated the portfolios of senior citizens in energy sector securities.”
RBC Nabs Wells Manager, Ameriprise Touts NYC Broker’s Asset Growth
30-year brokerage veteran Kurt Bakken joins RBC Wealth Management-U.S. as branch director for its Rochester, Minnesota office while Ameriprise said another ex-Wells broker had doubled assets in a month.
Morgan Stanley Prevails in TRO Standoff with $6-Mln RBC Team
A federal judge granted Morgan Stanley’s motion to block the RBC group from soliciting their former clients and denied the brokers’ counterclaim.
RBC Team Seeks Tit-for-Tat Solicitation Halt Against Morgan Stanley
Princeton, NJ, advisors say Morgan Stanley is soliciting clients they brought with them when they moved from UBS in 2010, in violation of written and verbal agreements.
Rockefeller, RBC Lure Merrill, UBS Teams in Midwest
Rockefeller hires its second Merrill team in Chicago while RBC recruits two teams with $900 million combined from the same UBS branch in Nebraska.
Morgan Stanley Sues $6 Million Team at RBC over Client Calls
New Jersey advisors “flagrantly” violated their employment agreements by calling former clients and using confidential information, wirehouse says in new lawsuit.
RBC Promotes Practice Management Head to Run Pacific Northwest
Nate Angelo will oversee 137 brokers in ten offices as one of RBC’s 21 complex directors in the U.S.
LPL Hires RBC Arizona Team to New Channel
Trio managing $380 million is the fifth to join new Strategic Wealth Services unit launched for employee-channel producers seeking more support than typical LPL independent contractors.
2021 COMP: RBC Restores Small-Account Penalty
RBC reinstates zero-payout policy on sub-$100,000 accounts following a suspension for the pandemic.
J.P. Morgan Hires $315 Mln Morgan Stanley Trio in Philly, Loses $1.2 Bln Team in NYC
J.P. Morgan Securities emigrees to RBC have 89 years of experience and a big book of music and entertainment clients, while its new arrivals had been with Morgan Stanley and predecessors for 87 years.
RBC Lands $420-Million Morgan Stanley Broker in Maryland
Arrival of 34-year veteran continues a slew of pandemic-era hiring that yielded RBC third-quarter recruits whose production was 112% higher than those who arrived in the year-ago quarter.
