• Home: Leading Financial Advisor Recruiting Firm
  • About Us
    • Meet the Team
    • Testimonials
    • Case Studies
    • Representative Deals
  • Services
    • For Financial Advisors
    • For Independent Business Owners
  • FAQs
  • Articles
  • Podcast
    • Industry Update
    • Independence 101 Series
  • In the News
    • Moves in the News
  • Tools for Advisors
    • Diamond Consultants Advisor Transition Report 2022
    • NEW – Edward Jones Advisor Transition Report 2022 edition
    • Merrill Information Hub
    • UBS Information Hub
  • Contact Us
  • Subscribe for Updates

Questions? Call us: 908-879-1002

Contact us...
Diamond Consultants: Financial Advisor Recruiting FirmDiamond Consultants: Financial Advisor Recruiting Firm
  • Home
  • About
    • Meet the Team
      • Mindy Diamond
      • Louis Diamond
      • Howard Diamond
      • Jason Diamond
      • Barbara Herman
      • Deborah Aronson
      • Wendy Leung
      • Cathy Nichols
      • Debbie Wallen
      • Allison Brunwasser
      • Joshua Tomolak
      • Shelley Muzio
      • Caryl Felicetta
      • Donna Riopel
      • Kelly Griffiths
    • Testimonials
    • Case Studies
    • Representative Deals
  • Services
    • For Financial Advisors
    • For Independent Business Owners
      • Sell-Side M&A Advisory
      • Consulting
  • FAQs
  • Articles
    • Subscribe for Updates
  • Podcast
    • Industry Update
    • Independence 101 Series
    • Subscribe for Updates
  • In the News
    • Moves in the News
    • Transition Announcements
  • Tools For Advisors
    • NEW – Diamond Consultants Advisor Transition Report 2022
    • NEW – Edward Jones Advisor Transition Report 2022 edition
    • Merrill Information Hub
    • UBS Information Hub
    • Other Tools
    • Subscribe to e-Newsletter

Transition Announcement: $1B Merrill Team Leaves for Regional Firm

Transition-Highlights-Blue

Transition Announcement: $1B Merrill Team Leaves for Regional Firm

Posted by Wendy Leung

RBC Welcomes Multi-Generational Team The Inter Alia Group in Portland, OR

“RBC Wealth Management offered our clients the scale, capabilities, and strong balance sheet that comes from one of the largest financial institutions in North America. What we found attractive was that this benefit is paired with a more boutique atmosphere and a flat management structure, which empowers us to deliver the customized solutions that our clients deserve and expect.”

~ Patrick Cummings, CFP®, Managing Director – Financial Advisor, Senior Portfolio Manager at RBC Wealth Management

Stephen J. Groth, Patrick M. Cummings, Robert Chavez and Katrina R. Stump managed $1B in client assets and were all “Merrill lifers” with a collective 73 years of experience at the firm.

But changes both at Merrill and throughout the industry landscape prompted the team to proactively perform due diligence, with the goal of determining whether they were best positioned to service their clients in the future.

What they found was that RBC delivered the perfect combination of financial strength and stability, a more entrepreneurial culture, and the control to customize the client experience. This aligned perfectly with the team’s approach—which focuses on helping high-net-worth clients manage their wealth within the context of their overall lives and goals.

The team’s new name “Inter Alia” – Latin for “among other things” – reflects their focus and underscores their commitment to delivering more than just investments.

The Inter Alia Group is excited about the future at RBC and the opportunity to deliver a truly holistic wealth management experience to their valued clients.

Diamond Consultants is pleased to have helped Stephen, Patrick, Robert, Katrina and their team in their exploration process and look forward to hearing more about Inter Alia’s future success.

________________________________________________

More About this Move….

  • RBC Wealth Lures $1B Practice from Merrill
  • Team of Merrill Lifers with Billion-Dollar Book Jumps to RBC in Oregon
  • Merrill Lynch Loses $1 Billion Team To RBC

 

View recent Representative Deals…

You may also be interested in...

Share
0

About Wendy Leung

Senior Consultant – Wendy's goal is simple: To leverage a comprehensive understanding of the industry landscape today and forces that will change it tomorrow, to guide advisors to opportunities where they can achieve long-term success for their business, clients and families. Learn more...

    Subscribe for Updates

    Get updated by email when a new article is added.


    Listen. Here. Now

    Recent News & Articles

    • From Cold-Calling to $500mm Breakaway: A Former Merrill Advisor’s Team-Based Approach to Growth
    • As Wealth Managers Move To Diversify Customers’ Idle Cash, SVB’s Own Advisors Head For Exits
    • Soul-searching wealth advisors ponder banking turmoil: Where do I want to work?
    • Financing Independence: A Lender’s Perspective on Breakaway Transitions, M&A and Succession
    • Winners and Losers: The Year that Was in the Wealth Management Recruiting Space
    Schedule a Complimentary Consultation
    We're available to answer your questions. Contact us

    Connect with us

    Search

    © 2023 · Diamond Financial Consultants, LLC t/a Diamond Consultants. All rights reserved.*

    • Leading Financial Advisor Recruiting Firm:
    • About
    • Services
    • FAQs
    • Articles
    • Podcast
    • News/Media
    • Tools/Resources
    • Contact
    • Our Locations
    • Privacy Policy
    • Site Map