RBC Wealth Management continues expanding by poaching advisors from wirehouses, most recently adding brokers from Merrill Lynch and Morgan Stanley and appointing a new chief of advisor recruiting, the company says.
Kimmel has been with RBC for close to 25 years and also serves as the co-executive sponsor of RBC Wealth Management’s Women’s Association of Financial Advisors, according to the press release.
The number of female financial advisors at RBC’s U.S. wealth management operations has grown by 23% over the past two years, which the firm attributes in large part to Kimmell’s efforts.
In addition, RBC has lured two teams of advisors from UBS to its offices in Pittsburgh, the company says in a separate press release. The Schmitt Evancho Wealth Management Group, which includes financial advisors Jeffrey Schmitt and William Evancho and senior registered client associate Amanda Colledge, previously managed around $197 million at UBS, RBC says.
The Costa Kingston Wealth Management Group, which includes financial advisors Richard Costa and Aaron Kingston, previously managed about $117 million at UBS, according to the press release.
Meanwhile, a team of experienced Merrill Lynch advisors has joined RBC’s Denver complex, according to another press release from RBC.
The Campbell Matherly Group, which includes financial advisors Darwin Campbell, Matthew Matherly and Alexander Aubrey and investment associate Theresa Yates, previously managed around $350 million at Merrill Lynch, RBC says.
“Our team decided to make the move to RBC Wealth Management because of the firm’s strong reputation for acting with integrity, corporate responsibility and overall fiscal stewardship,” Campbell says in the press release. “After careful consideration, we decided RBC is the best fit for our clients and for us.”
RBC has been aggressively luring advisors from wirehouses in recent months.
RBC now has more than 1,900 financial advisors overseeing $384 billion from 170 branches in 42 states, the company says.