Glasband Stempel Wealth Management Group, a former Merrill Lynch team with $1.4 billion in assets, has joined RBC Wealth Management's Florida complex, the company announced.

This is the second team in as many weeks that RBC has landed at its Florida complex. A five-member team from Wells Fargo with roughly $350 million in assets under management moved to RBC’s Sarasota office in August.

The five-member Glasband Stempel team, which focuses on client relationships and wealth planning for multi-generation and high-net-worth families, will operate out of RBC’s Palm Beach Gardens office, the release said.

The team includes Eric Glasband, managing director, who has 18 years of industry experience; Jonathan Stempel, senior vice president, who has 19 years of experience; Justin Hanlon, senior vice president, with 17 years; Matthew Kutner, first vice president with 17 years; and financial advisors Ryan Burke with four years of experience. They will operate out ho of RBC Wealth Management’s Palm Beach Gardens office.

Glasband said the team chose RBC mainly for its strong client-first culture. “RBC’s focus and investment into its digital client experience is second to none, and the easy-to-use and interactive technology platform will allow us to strengthen our communication and collaboration with our clients,” he said in a statement. “We feel that now is the best time to move our practice to a firm that empowers its financial advisors and emphasizes the relationship and experience between our team and our valued clients,” he added.

Kirstin Turner, director of RBC’s Florida complex, said, “The Glasband Stempel Wealth Management Group is a team that truly puts their clients first in all they do, and we are thrilled to welcome them to the RBC family in Florida. They take pride in fostering deep client relationships that span generations and creating the best-possible experiences for their clients.” 

In the U.S., RBC Wealth Management operates as a division of RBC Capital Markets, which has founded in 1909. RBC Wealth Management has $414 billion in total client assets with more than 2,000 financial advisors operating in 179 locations in 42 states.