RBC Wealth Management has added a former Merrill Lynch team with $1.37 billion in client assets to its Miami office, according to a news release.

The Ruccio Group is led by managing director and private wealth advisor Jeremy J. Ruccio. The team includes first vice president and private advisor Tristan Lambert, vice president and private wealth advisor and Bita Asgari,  as well as client associates Lizbeth Sain, Melissa Montoya, Jenifer T. Quiles, Maria Ramos-Barcia, Yohan Garciga and Paul Alva.

The team, which will report to Ken Ross, RBC Wealth Management’s Florida complex director, serves an ultra-high-net-worth clientele that includes real estate investors, private equity partners and CEOs, the release noted.

“At RBC Wealth Management, our team will be able to combine the personalized attention and feel of a smaller firm with the power and insights of a global financial institution, enabling us to create goals-based financial strategies tailored to our clients’ unique situations,” Ruccio said in a statement. According to BrokerCheck, Ruccio has been with Merrill Lynch, where he began his career, since 2008.

Lambert began his career with Morgan Stanley in 2019 and left in February 2021. He joined Merrill Lynch in January 2022, according to BrokerCheck.  

Asgari started her career at Credit Suisse in 2014 and worked there for nine months. She rejoined the industry in 2020 with Bank of America and in 2022 she left for Merrill Lynch.

“We are absolutely thrilled to welcome this highly sophisticated team of financial professionals to the firm in Miami,” Ross said. “The Ruccio Group approaches every client relationship with the utmost professionalism, and they work tirelessly to provide customized strategies to meet their clients’ complex wealth management needs,” he added.

Founded in 1909, RBC Wealth Management – US has $544 billion in total client assets with more than 2,100 financial advisors operating in 190 locations in 42 states.