RBC Wealth Management
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Industry aims to 'change the narrative' in bid for NextGen advisers
A group of executives and officials representing nearly a dozen firms in the industry gathered in the InvestmentNews office in Chicago July 26 specifically to discuss their collective needs — and plans — to develop the next generation of financial advisers.
Massachusetts suing RBC Capital, rep over leveraged ETF sale
Massachusetts' top securities regulator is suing RBC Capital Markets LLC and one of its former registered representatives over the sale of leveraged exchange-traded funds, saying they sold them to clients who didn't understand how the investments worked.
RBC Wealth Management boss: We're not interested in big acquisitions
Despite talk of possible purchase of Morgan Keegan, Taft says bank not eyeing ‘transformational deals'
RBC may use U.S. sale proceeds on wealth management
Royal Bank of Canada may use proceeds from the $3.62 billion sale of its money-losing U.S. consumer bank to expand in global asset management.
Raymond James picks up $150M team from RBC
Raymond James Investment Advisors has landed a $150 million in assets team from RBC Wealth Management.
Finra fines RBC Wealth unit over brokers' sales of 'unsuitable' investments
RBC Wealth Management unit will pay $690,000 to resolve a brokerage regulator’s claims that a U.S. unit sold unsuitable financial products to elderly clients and others with modest net worth.
RBC seeks custodial niche on high end
Now that it has completed its acquisition of J.P. Morgan Securities Inc.'s RIA custody business, RBC Advisor Services is gunning for assets from advisers and breakaway brokers.
RBC Wealth Management nabs duo from Stifel Nicolaus
RBC Wealth Management continues to add financial advisers from competing brokerages and has now recruited a two-person team from Stifel Nicolaus, a subsidiary of Stifel Financial Corp.
RBC grabs $300M pair from Morgan Stanley Smith Barney
A duo of veteran financial consultants that have advised on $300 million in client assets has joined RBC Wealth Management from Morgan Stanley Smith Barney, RBC said in a statement today.
With an eye on U.S. expansion, RBC makes key exec appointment
RBC Capital Markets, the investment banking arm of Royal Bank of Canada, announced Tuesday the appointment of Blair Fleming as head of U.S. investment banking.
RBC ups minimum for commission discounts
As any stockbroker knows, it isn't just online and institutional brokers that offer discounts. Brokers at full-service firms have long offered commission concessions to keep their top customers happy, and their firms have more or less acceded if the broker met a minimum level of revenue production.
RBC lures $450 million duo from U.S. Trust
RBC Wealth Management has recruited a pair of financial advisers from US Trust Wealth Management, where they ran some $450 million in client assets.
Baird adviser with $205M heads to RBC, $100M Merrill couple goes indie
Mike Dwyer, formerly of Robert W. Baird & Co. Inc., has joined RBC Wealth Management as a senior vice president and financial consultant in the firm's Phoenix office, RBC said today.
RBC Wealth Management to absorb JPMorgan's RIA custodian
Royal Bank of Canada today said that it will buy, for an undisclosed sum, JPMorgan Chase & Co.'s servicing business for third-party registered investment advisers.
RBC snags $340M duo from Smith Barney
RBC Wealth Management has added two senior financial advisers from Smith Barney with $340 million in client assets as the regional brokerage firm continues to recruit brokers a rapid clip.
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February 27, 2014