Wells Fargo and Baird Advisors Move to this Growing Rival
Michael Foody, who’s been in the financial services industry for more than three decades, joins RBC in Seattle, the publication writes. He previously oversaw around $120 million at Wells Fargo, according to ThinkAdvisor. And in Syracuse, N.Y., RBC has brought on the Buchan Wealth Management Group, led by Grady Buchan, which previously managed around $195 million at Wells Fargo, according to the publication.
In Denver, RBC has recruited Chris Coburn from Robert W.Baird, where he managed around $150 million, ThinkAdvisor writes. Coburn, who’s been in the industry since 1990, is actually returning to RBC, where he had worked from 2005 to 2014 before joining Baird, according to his BrokerCheck profile.
RBC’s aggressive hiring in recent months has brought billions of dollars in assets to the firm. Last month RBC poached a Commonwealth Financial team managing $500 million and several advisors from Merrill Lynch who collectively oversaw $640 million.
In July, RBC picked up another Merrill Lynch team managing $465 million.