RBC
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.
RBC Hires $625-Mln Asset Morgan Stanley Team, Wells Gains from Merrill, UBS
RBC lured big Morgan Stanley team in Princeton while Wells Fargo attracted seven mid-quintile teams from UBS, Merrill Lynch and Morgan Stanley.
Morgan Stanley Lands $8-Million RBC Wealth Team in New York
Nationally ranked advisor Ira Mark, one of the biggest producers in RBC Wealth’s New York City complex, returned to Morgan Stanley with five associates.
RBC Nabs $1.4 Billion Merrill Team in Boca, UBS L.A. Broker with $280 Million
The Minneapolis-based firm touts that it has recruited advisors representing a record $20 billion in assets year-to-date.
Another Skeptical Judge Rejects TRO Against Fleeing Brokers
For the second time in two weeks, a federal judge rejected a brokerage firm’s claim that it would suffer “irreparable harm” if former brokers are not prevented from soliciting former clients to move their accounts.
Wells Hiring Sweep Nets Brokers with $3.2 Million Production
New hires hail from Merrill Lynch, RBC Wealth, and Morgan Stanley in North Carolina, New Jersey and Texas in the past week.
De-Wired: $1-Bln UBS Trio Joins Stifel, $675-Mln Morgan Stanley Quartet to RBC
Michigan brokers managing $1 billion at UBS moved Monday to Stifel, while RBC landed $675-million-AUM Morgan Stanley team in Beverly Hills the same day.
Former Oppenheimer Broker Suspended over UIT Trades
Continuing to prosecute sales violations involving short-term rollovers of unit investment trusts, Finra fines and suspends a 28-year broker in New Jersey.
