RBC Nabs $190M Merrill Team in New Jersey: Recruiting Roundup

RBC Wealth Management says it has recruited a team three advisors with about $190 million in client assets from Merrill Lynch.

The group joins the RBC office in Florham Park, New Jersey, and includes advisors Michael Gee, CIMA, CPM, with 32 years of industry experience; Andrea Savva, who has 20 years of experience; and Raymond Lee, CFP, CIMA, CRPC, CPM,  joining with 12 years of experience.

“We decided to join RBC Wealth Management because our clients will have access to the global resources of one of North America’s most successful, diversified financial services companies—RBC—but with a smaller, client-first culture,” according to Gee.

RBC Wealth says it recently moved its Florham Park operations into to a new, renovated location with more than 53,000 square feet, making it one of the firm’s largest U.S. offices

“We are excited to welcome Michael, Andrea and Raymond to our Florham Park office,” said Steve Ornstein, director of the North Jersey complex, in a statement. “They are incredibly well-respected in the area and are known for diligently working to provide their clients with comprehensive wealth management plans designed to meet their unique needs.”  

RBC has roughly 1,800 financial advisors operating in 200 locations in 42 states.