RBC Wealth Management added two advisor teams to its branches in California and Florida, the firm announced in May.
RBC has an aggregate of $348 billion in client assets and approximately 1,800 financial advisors throughout 40 states.
Johnson Prince Group joined the Century City, Calif., branch and the Weissman and Dion Wealth Management Group joined a branch in West Palm Beach, Fla.
Advisors and senior vice presidents Daniel Johnson and John Prince of The Johnson Prince Group manage $610 million in assets. Their senior registered client associate Kim Johnson joins them. The firm joins RBC from Merrill Lynch with over 50 years of total experience.
“They are well-respected industry leaders who are known for their diligent approach to developing the best strategies to meet their clients’ needs,” said the director of the Southern California complex, Michael Melton.
Weissman and Dion, formerly with Wells Fargo, manages $600 million in assets under management. Managing director and advisor Gary Weissman brings 29 years of experience and advisor and vice president Eric Dion comes with 33 years. Their registered client associates are Andrea Dellisanti and Peggy Eagles.
“As we continue to grow and attract top financial advisors in Florida, we are excited to welcome the Weissman & Dion Wealth Management Group to the firm,” said Kirstin Turner, director of the Florida complex. “Gary, Eric and the team are well-respected in the area and are known for cultivating strong relationships with clients.”
RBC did not comment on the number of advisors it has hired in 2018 when asked, but the wealth management division also announced that it is revamping its Associate Financial Advisor (AFA) training program in advance of a soon-to-retire workforce.
RBC stated that it seeks to allow more diverse candidates from inside and outside the industry. Recent college graduates or entry-level candidates and successful professionals from other sectors will now be considered, according to the firm’s release.
The program previously focused on solutions as opposed to goals-based planning processes; solo producers instead of approaching clients with teamwork, said RBC. And communications with clients or prospects included outdated methods like cold calling.