RBC Wealth Management today announced that it has recruited an eight-member Merrill Lynch team that managed $1 billion in assets to its Portland, Ore., branch, according to a news release.
The Inter Alia Group is led by managing directors and financial advisors Stephen J. Groth, who has 30 years of experience in the financial services industry, and Patrick M. Cummings, who has 17 years of experience.
The team includes Robert V. Chavez, senior vice president and financial advisor, who has 20 years of experience; Katrina R. Stump, first vice president and financial advisor, who has 10 years of experience; and senior registered client associates Susan K. Junell, Mimi Jue, Deborah A. Jenkins and Rachel Akerson.
"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,” Cummings said in a statement. “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. We couldn't be more excited to join RBC Wealth Management."
Portland branch director Tom Meagher said the Inter Alia Group has “forward-thinking advisors whose business embraces the future of our industry by leveraging technology to support the advisor-client relationship. They are a great fit for our firm, and we’re so glad they chose RBC Wealth Management.”
Founded in 1909, RBC Wealth Management–U.S. has $528 billion in total client assets with more than 2,100 financial advisors operating in 181 locations in 42 states.