Advisor moves: RBC nabs $500M Merrill team as LPL recruits $350M Osaic advisor

RBC and LPL have notched new recruitment wins, with RBC welcoming a former Merrill Lynch team to its ranks and LPL onboarding an ex-Osaic advisor on the East Coast.

In Austin, RBC Wealth Management welcomed The MK Group from Merrill Private Wealth Management. The three-person team brings close to $500 million in client assets to RBC’s Texas branch.

The group includes Nancy McDonald and Jason Khawaja, who are both stepping in as senior vice presidents and financial advisors at RBC, along with Alexandria Hardcastle, who serves as senior client associate.

Khawaja and McDonald have partnered for more than a decade, with experience serving high-net-worth clients in need of complex planning solutions.