RBC Wealth Management says it has recruited a team from Merrill Lynch with about $550 million of client assets in Beverly Hills, California.
The news comes one week after the firm added a $1.4 billion group from Wells Fargo Advisors in Bloomfield Hills, Michigan.
The team joining RBC, the Ciriello Group, includes advisors Nick Ciriello and Elizabeth Zimmer.
Ciriello, a certified investment management analyst, has 18 years of industry experience; he spent the past 16 years at Merrill, after working at Prudential Securities and JPMorgan. Zimmer has been in the business for three years, all of which she spent at Merrill.