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Practice Management > Building Your Business > Recruiting

RBC Nabs 2 Family Teams From Wells Fargo: Recruiting Roundup

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RBC Wealth Management added two teams from Wells Fargo Advisors with a total of $225 million in Bend, Oregon: Riemer Wealth Management Group, a father-daughter team working with about $150 million in assets, and Vlach Wealth Management Group, a father-son team managing $75 million in assets.

Reimer includes George Riemer, who joins with 36 years of industry experience, and Brooke Riemer, who has eight. “After conducting a thorough search, we decided to join RBC Wealth Management because of the firm’s core values and culture of acting in the best interests of clients,” the group said in a statement.

Vlach Wealth is comprised of Roger Vlach, who has 39 years of experience, and Jeremy Vlach, with 19.  “What attracted us to RBC Wealth management was the smaller firm culture, coupled with the global resources of one of North America’s most successful, diversified financial services companies, RBC,” this team explained in a press release.

The Bend branch director is Pamela Carty.

LPL Recruits

Meanwhile, LPL Financial says financial advisors Jake Murray, Mike Canavan and Jill Phillips of Teton Wealth Management are now part of its broker-dealer and corporate registered investment advisor (RIA) platforms. The Idaho Falls, Idaho-based group works with $185 million of client assets and join from Waddell & Reed.

“LPL offers robust technology and a tremendous amount of resources and support that gives our team the ability to deliver advice and service catered to the needs of our clients,” acccording to Murray.

Last week, LPL said that advisors Brian Davis and Brian Remson of Waco, Texas, affiliated with Credent Wealth Management, which uses LPL’s hybrid platform. The independent reps, both of whom are CFPs, work with $110 million of assets and formerly were with Raymond James Financial Services.

“We found true kindred spirits in Credent Wealth and LPL Financial. It was important to us that our new partners place as much emphasis on integrity and putting clients first as we do,” according to Remson.

Davis said in a statement, “Credent Wealth takes a strategic team-based approach to providing clients personalized investment strategies. With their partnership and access to LPL’s tools and resources, we can improve our service model by spending less time on office work and more time deepening relationships with our clients, boosting our ability to serve our clients’ financial needs.”

More Developments

Janney Montgomery Scott said the Gansler Group, which has four advisors, has joined it in Greenville, Delaware, from Merrill Lynch.

The advisors making the move are Steve Gansler, Jr., Colin P. Burke, Gregory R. Powell and Michael J. Johnson.

“We are thrilled to welcome a highly regarded team such as the Gansler Group to the Janney family,” Vince Crognale, complex branch manager, said in a statement. “Their collective knowledge and experience is a valuable addition to the firm, and further proof that leading financial advisors are seeking the benefits of Janney’s boutique and client-focused culture.”

According to Gansler, “Janney’s reputation, stability and responsiveness to client needs is a platform that enables us to best support our clients and continue the growth of our practice.”

Steve Gansler began his career in the financial services industry in 2000. Burke has over 10 years in the business, while Powell has over 35.

Separately, American Portfolios Financial Services announced the restructuring of its sales and business development team. 

Among the newly restructured roles, David Molter has been promoted to vice president of new business development and advisor relations. Joining Molter’s team in the second quarter is Director of Practice Management Corey M. Brodsky, former regional vice president of business development for W.E. Donoghue & Co., in Boston.

Sales and New Business Development Consultant Carl Kirchner will be working on recruitment matters and collaborating with recently-hired Business Sales Consultant Mark Ferro, formerly of OppenheimerFunds, who joined the firm in the first quarter.

RIA Hires

RIA Facet Wealth welcomed Paul Marino as its new head of advisor partnerships. Marino most recently served as director of national sales and head of RIA and Bank Trust at Russell Investments.

Fee-only RIA BIP Wealth of Atlanta says Nathan Smith has been named chief operating officer. A former officer in the U.S. Marine Corps, Smith is a former executive of Hire Heroes USA.


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