RBC Wealth Management said recently that it nabbed a $4.1 million advisor team in New York.
Scott Edwards and George Kursar, both managing directors, and Michael Occhiuto, senior vice president, all worked previously for Jefferies’ New York office and have joined RBC’s midtown-Manhattan office. Collectively, the three boast 30 years of Wall Street experience.
“We are thrilled to welcome Scott, George and Michael to the New York office of RBC Wealth Management,” said John Moran, director of the midtown complex, said in a statement. “They are an extremely well-respected team of advisors and bring a strong background of industry knowledge and client-first focus for family office, ultra-high-net-worth and institutional clients.”
Thomas Hofstetter and Daniel Baron joined WFA in Westport, Connecticut, where they will manage about $334 million combined in client assets. The two and their team report to Christopher Calabrese, Westport market manager.
In addition, Jeremy Burch has joined Wells Fargo Advisors’ Park Avenue branch in Manhattan, also from Morgan Stanley, where he managed more than $100 million in client assets. He reports to John McDermott, branch manager.
Raymond James & LPL News
Independent advisory firm New Day Solutions, based in Hampton, New Hampshire, has affiliated with Raymond James’ Investment Advisor Division (RJF). The seven-member team is led by Kathleen Thomas, director of portfolio services and lead wealth advisor, and includes Tammy Symons, director of advice services and wealth advisor.
The New Day team was formerly with Ameriprise Financial Services (AMP), where they managed more than $150 million in client assets.
In a statement, Thomas said of the move, “I looked at 10 firms initially, and with the help of a consultant narrowed it down to four, then one. I considered a variety of business models but wanted to remain independent, as after all, I’ve been an independent contractor for my entire career, so I did not need a firm to pay for my office or health insurance. I was ready to be an RIA and sit on the same side of the table as my clients.”
She added, “I think Raymond James is almost unique in that it offers its affiliated RIAs all the services of the very big firms—like trust and banking services as well as the latest technology—but with the personal touch and intimacy of a boutique firm.”