RBC Wealth Management has recruited a Merrill Lynch team managing roughly $550 million in assets to join its Jericho, N.Y., office, according to a company news release.
The MMC Group includes Michael J. Meehan, senior vice president and financial advisor, who began his career 25 years ago with Merrill Lynch, according to his BrokerCheck profile. Michael Meyers, vice president and financial advisor, started with Merrill Lynch in 2013. And Kevin K. Clark, vice president and financial advisor, worked at Merrill Lynch early in his career from 1995 to 2000. He rejoined the firm in 2014, his BrokerCheck profile said. The team also includes senior client associate Lori A. Battista.
The MMC Group, the release said, specializes in holistic, goals-based financial planning for high-net-worth families, small business owners and young professionals.
Meehan said the team felt now was a good time for a fresh start after a challenging 2020. “RBC Wealth Management is the right place for our team and our clients because of its smaller-firm culture coupled with the enhanced capabilities and global resources of a large bank. RBC also shares our client-first values, which is incredibly important to us,” he said in a statement.
John Moran, director of RBC’s Midtown New York complex, said the firm is excited to welcome the MMC Group. “The team takes pride in developing deep client relationships that span generations and creating comprehensive wealth management plans designed to meet their individual goals,” he added.
In the U.S., RBC Wealth Management operates as a division of RBC Capital Markets. It has $463 billion in total client assets with more than 2,000 financial advisors operating in 179 locations in 42 states.