By Andrew Welsch, OnWallStreet – Of 37 advisors RBC hired since Aug. 1, two dozen came from Merrill Lynch, according to the regional BD’s hiring announcements. Those former Merrill advisors, some of whom are industry veterans, managed $2.9 billion, RBC said.
By Janet Levaux, ThinkAdvisor – Swinn Toll Wealth Management Group is now part of RBC Wealth Management’s Las Vegas branch, according to Glen Hatch, director of the Phoenix Complex, having left Merrill Lynch after about 10 years. The Swinn Toll group includes advisors Cason Swinn, Daniel Toll and Tahirih Toll, and associates Laura Moulin and Ana Bergevin. The team manages $350 million in assets.
By Yueqi Yang, OnWallStreet – On a long-running recruiting spree, RBC has added a five-people team managing $350 million in assets from Merrill Lynch, according to RBC Phoenix complex director Glen Hatch. The Swinn Toll Wealth Management Group joined the firm’s Las Vegas branch on August 31. It is comprised of advisors Cason Swinn, husband-and-wife Daniel and Tahirih Toll, and associates Laura Moulin and Ana Bergevin.
By Diana Britton, WealthManagement.com – New York-based Cantor Fitzgerald Wealth Partners has acquired Capital Planning Advisory Group, a Yardley, Pa.-based RIA and the sixth team to join Cantor’s wealth management business since the launch of that division last September. The team manages about $120 million in assets, according to Meridian-IQ. The acquisition brings Cantor Fitzgerald’s wealth management division to just over $3 billion in assets.
Reuters – J.P. Morgan Chase & Co’s wealth management unit said it hired a team of 6 veteran advisers from UBS, Merrill Lynch and Bernstein Global Wealth Management to expand the firm’s presence in Atlanta, New York and Seattle. The advisers together managed about $1.2 billion in client assets at their previous firms.