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RBC Adds $350M Merrill Team, $125M Morgan Stanley FA: Recruiting Roundup

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Swinn Toll Wealth Management Group is now part of RBC Wealth Management’s Las Vegas branch, according to Glen Hatch, director of the Phoenix Complex, having left Merrill Lynch after about 10 years.

The Swinn Toll group includes advisors Cason Swinn, Daniel Toll and Tahirih Toll, and associates Laura Moulin and Ana Bergevin. The team manages $350 million in assets.

“After careful reflection, our team decided to join RBC Wealth Management because of the firm’s impressive reputation of putting clients first, along with the strength and stability of its parent company, RBC,” said Swinn, in a statement.

“The Swinn Toll Wealth Management Group is extremely well-respected throughout the market and we are thrilled to have them join RBC.  They are the foundation of our plan for growth in this important market and we look forward to more advisors joining us in Las Vegas,” said Hatch.

RBC Wealth also welcomed Alison Gardner to its Sarasota office. Gardner has 33 years of industry experience, manages about $125 million in client assets and formerly worked for Morgan Stanley.

Other Developments

Baird says it added a branch manager to oversee its wealth management office in Indianapolis: Burton Street, previously a complex director at RBC Wealth Management.

In addition, Thomas Marchal, earlier with Morgan Stanley, moves into Baird’s Chicago office with some $175 million in assets. Ken Williams previously worked at Wells Fargo and is now in Baird’s Nashville office; he has managed some $150 million in client assets.

Amerprise Financial says William Wiseman of Boston is now part of its employee channel after leaving Morgan Stanley. Wiseman is joined by advisor Parker Wiseman, also from Morgan Stanley. The father-son team have about $133 million in assets.

“After 36 years, I was looking for new energy and opportunities to grow my business and serve more clients,” William Wiseman said in a statement.

Arkadios Capital, an advisor-focused hybrid broker-dealer/RIA, has added a former Merrill Lynch team, bringing $140 million in new assets to its platform. Founded last year, Arkadios has $750 million in assets under management.

Royal Alliance, CAPTRUST News

Royal Alliance Associates, which has some 1,800 advisors and is part of the Advisor Group of IBDs, says the Hawaii-based wealth management firm Occidental Underwriters has selected it to be its broker-dealer. Occidental manages $385 million in client assets, was founded in 1933 and has more than 30 employees.

“At Occidental, our biggest priority has been, and always will be, the well-being of the families in our community,” said Brant Yamamato, executive vice president and chief of operations at Occidental, in a statement.

“Joining Royal Alliance has given us more operational flexibility and a greater depth of resources that will help us continue serving our clients’ financial needs well into the future,” he added.

“We are extremely honored that Occidental has chosen Royal Alliance as a strategic partner as they look to grow their firm,” said Dmitry Goldin, President and CEO of Royal Alliance, in a statement.

Raleigh, N.C.-based CAPTRUST says RIA Davidson & Garrard has joined it, giving the organization 35 offices nationwide and about $244 billion of client assets. Founded in 1987, D&G is an independent, fee-only RIA with nearly 30 years of experience, about $700 million in client assets,13 employees and two offices in Virginia.

“The firms that join our team often have varying areas of expertise and goals for future growth – but what they all have in common is a deeply rooted culture anchored in doing well by their clients. Davidson & Garrard is no exception,” said Captrust CEO J. Fielding Miller in a statement.


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