RBC Wealth Nabs UBS Branch Manager: Recruiting Roundup

12 Best Big Cities for Successful Aging: 2017

DOL Officially Delays Start of Fiduciary Rule

When the IRS Wants Your Life Insurance Policy

RBC Wealth Management says it has recruited a branch manager from UBS to lead its Des Moines, Iowa, office. The news was announced the same week UBS said it will leave the Protocol for Broker Recruiting.

Timothy Woods is now a senior vice president and branch director; he will oversee 18 advisors and 14 staff members. He moved to RBC with 34 years of industry experience and roughly $250 million in client assets.

“We are thrilled to welcome Tim to RBC Wealth Management.  He is a proven industry leader and is well-respected in the community,” said Dave Myers, who leads the Kansas City complex for RBC, in a statement. “He will help us continue to grow our wealth management business.”

RBC Wealth Management has $310 billion in total client assets with some 1,800 financial advisors.

Janney Montgomery Scott says it has hired three advisors from wirehouse firms with a combined $465 million in client assets.

John R. Chase Jr. has joined the Columbia, S.C. office from Wells Fargo with about $125 million in client assets. David H. Robb also moved to Janney from Wells Fargo; he will work in the Philadelphia head office, along with Reginald W. Wilkes, who formerly was with Merrill Lynch.

Robb moves with about $170 million in client assets and has spent 32 years in the business, while Wilkes manages over $170 million in client assets. Wilkes, a former NFL linebacker with the Philadelphia Eagles and Atlanta Falcons, has some 29 years of experience and was previously affiliated with Merrill Lynch.

“We are extremely pleased to welcome these three highly accomplished, veteran advisors to Janney’s branch offices in Columbia, S.C., and Philadelphia, PA,” said Jerry Lombard, president, Private Client Group, in a statement. “John, David and Reginald exemplify the integrity and dedication that are hallmarks of the Janney culture.”

In other news, Raymond James added advisors Alan E. Williams, Thomas M. Hunter and Susan W. Crunk to its independent channel in Brentwood, Tennessee, from Wells Fargo Advisors.

The team, which includes senior practice manager Katie Ward, operates as the Williams Hunter Wealth Group and previously managed about $250 million in client assets and had annual fees and commissions of about $1.8 million.

Williams, Hunter, Crunk and Ward collectively have 75 years of industry experience. All are graduates of the University of Tennessee.

“Without question, the future of the wealth management industry is going to require advisors to blend a higher degree of professional advice with the ability to leverage new technologies. We felt Raymond James was the best firm to help position ourselves to meet the evolving needs of our clients,” said Hunter, in a statement.

“Our due diligence process spanned several months and Raymond James continued to stand out,” he added.

The departure will impact reps and clients, says Danny Sarch, though Mark Elzweig sees things differently.

You are signed up!

ThinkAdvisor’s TechCenter is an educational resource designed to give you a competitive edge by keeping you abreast of new tech innovations and need-to-know information that can be applied to your business. width:300px!important;max-height:36px; Financial Education Resource Center Financial Education Resource Center

ThinkAdvisor and the College for Financial Planning have partnered to bring you a series of helpful educational tools that you can use to take your career to the next level. padding: 0px;width: inherit; ETF & Smart Beta Research ETF & Smart Beta Research

A survey of advisors nationwide reveals how the use of ETFs is expanding and what factors are likely to further support this trend. padding: 0px 81px;width: inherit; Retirement Wire Retirement Wire

Your resource for news, research and analysis to help you deliver more effective outcomes to your clients. Resources Risk Management for All Markets

Investors need to invest differently in bull markets than they do in bear markets. Learn the importance of risk management during both and the best…

Many of the old stereotypes of emerging markets no longer fit.

Looking at securities through the lens of factors

Join this webcast to see how Trisha Qualy, Director of Wealth Management at AdvisorNet Financial, took client assets from $100 million to $1.3 billion in…

Join this complimentary webcast to learn innovative strategies that have proven effective in containing rising health costs.

Join this conversation as a panel of experts provides tips and best practices to optimize your tech resources for business growth.

Leave a Reply

Your email address will not be published.