RBC Wealth lures $1.1B advisory team from UBS to expand presence in Ohio

RBC Wealth lures $1.1B advisory group from UBS to develop presence in Ohio

RBC Wealth Administration lured a group of monetary advisors away from UBS as a way to set up a brand new department workplace in Columbus, Ohio.

The addition of James Ford & Duble Wealth Companions, which managed $1.1 billion in shopper belongings at UBS, offers RBC Wealth Administration an expanded presence within the Nice Lakes area. The agency, which is a division of RBC Capital Markets, has $515 billion in complete shopper belongings.

That is RBC Wealth Administration’s third workplace in Ohio, with the others situated in Toledo and Cleveland. The agency employs 2,100 monetary advisors working in 187 branches throughout 42 states.

“We’re very excited to open an RBC Wealth Administration department in Columbus, because it grows the agency’s attain in Ohio and allows us to serve extra shoppers,” Frank Albanese, the Nice Lakes Complicated director at RBC Wealth Administration, mentioned in an announcement. “James Ford & Duble Wealth Companions has an extended and profitable historical past on this space.”

Managing director William James II will lead the Columbus department. James II spent the previous 11 years with UBS and has 29 years of trade expertise, in accordance with BrokerCheck. He’s joined by senior vice chairman Patrick Ford, who joined UBS 4 years in the past after 31 years with Merrill Lynch, and vice chairman Anastasia Duble, who has spent her complete nine-year profession as an advisor with UBS.

The agency additionally contains three help staffers.

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Author: ZeroToHero

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