Industry Moves

RBC Wealth Management Adds $1B Team from JPMorgan

The New York-based Nolan Group is led by a father-son advisor duo.

RBC Wealth Management says it has added an advisor team with more than $1 billion in client assets from JPMorgan.

The Nolan Group, based in New York, includes father-son advisor duo Michael Nolan and Brian Nolan, senior business associate Megan O’Connor, investment associate Courtney Shultz, and registered client associate Nichole Ross, RBC says.

“RBC Wealth Management has the right blend of resources, tools and support necessary to service the complex financial needs of our clients, along with a genuine commitment to putting the client first in all decisions,” Michael Nolan said in a release announcing the move.

Michael Nolan has been in the industry since 1983, when he registered with Goldman Sachs. He has also been registered with Morgan Stanley, Bear Stearns and JPMorgan, according to his BrokerCheck record.

Brian Nolan has been in the industry since 2009, when he registered with JPMorgan. He has also been registered with Gilder Gagnon Howe & Co., according to his BrokerCheck record.

RBC has been active in recent months. The firm has announced four other advisor additions since August, including another father-son duo. The firm says it has more than 2,100 advisors managing a total of $510 billion in client assets.

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LPL Draws $340M Team from Ameriprise

Rubino, Skedsvold, Moran & Associates brings a client base comprising doctors, executives, women and high-net-worth professionals, according to LPL.

LPL Financial says an advisor team has joined its broker-dealer, registered investment advisor and custodial platforms from Ameriprise Financial, where the team oversaw a total of about $340 million in advisory, brokerage and retirement assets.

Rubino, Skedsvold, Moran & Associates includes advisors Judy Rubino and Kari Skedsvold, CFP Devin Moran, financial planning assistant Mercedes Arntson, and client service associates Breanna Steigers and Siri Miller, LPL says. The practice is based in Portland, Oregon, and its client base consists of doctors, executives, women and high-net-worth professionals, according to LPL.

Rubino has been in the industry since 1988, when she registered with IDS Life Insurance Company. She has also been registered with Ameriprise, according to her BrokerCheck record.

Skedsvold has been in the industry since 1998, when she registered with IDS Life Insurance Company. She has also been registered with Ameriprise, according to her BrokerCheck record.

Arntson has been in the industry since 2020, when she registered with Ameriprise, according to her BrokerCheck record.

“We are excited to move to a supportive environment where we can grow our practice on our own terms, with a relatively young team who can continue to deliver the comprehensive service that our clients have come to expect,” Rubino said in a statement about the move.

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B. Riley Adds Alex. Brown Exec

Jay Murphy joins B. Riley in Boston, bringing 43 years of experience.

B. Riley Wealth announced that it has added a former Alex. Brown executive as senior managing director of investments.

Jay Murphy will join B. Riley’s newly relocated Boston branch.

Murphy worked with high-net-worth and ultra-high-net-worth individuals at Alex. Brown, and his career also includes positions in the private wealth divisions of Deutsche Bank and Credit Suisse, according to an announcement released by B. Riley. Murphy’s career began in 1979, at Merrill Lynch, per his BrokerCheck record.

A B. Riley spokesperson said the firm had more than 500 advisors overseeing a total of more than $25 billion in assets as of August, up from about 170 advisors managing $12 billion in assets in 2021.

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Homrich Berg Expands Leadership Team by Two

Abbey Flaum and Isaac Bradley bring experience in estate planning and tax law to the company, which manages $11 billion in assets.

Atlanta-based Homrich Berg announced that it has made two additions to its leadership team.

Abbey Flaum joins after having spent 16 years as a lawyer focusing on trusts and estates at Cohen Pollock Merlin Turner, according to a press release announcing the additions. She will fill the newly created role of managing director, family wealth strategist, a position she says “demonstrates the firm’s commitment to holistically and meaningfully planning for its clients,” per the press release.

Isaac Bradley joins following a five-year tenure at Wells Fargo, where he worked as a senior wealth planning strategist, according to the release. Bradley has been named director of financial planning. Bradley also has experience in the legal field, handling matters pertaining to complex tax and estate planning law during his tenure at Lynch & Eatman from 2008 to 2017, according to his LinkedIn profile. At Homrich Berg, Bradley will be responsible for designing resources for advisors and implementing consistent planning procedures for his clients.

Earlier this year, Homrich Berg announced the addition of Buckhead, Georgia-based Oakbridge Partners, which oversees $1.5 billion in client assets across 19 states, as reported. Homrich Berg manages more than $11 billion in client assets, according to its latest Form ADV.

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Contact the reporter: sdelrowe@money-media.com