RBC Wealth Management has hired a team of two financial advisors from Morgan Stanley.
The newly hired financial advisers David Weigel and Steven Dimino will be based in the firm’s New York office, according to Reuters.
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Morgan Stanley said that the team, known as Weigel Dimino Group, has previously managed more than US$170 million in client assets and their annual revenue production was US$1.2 million, the Reuter’s report added.
Additionally, Weigel Dimino Group, which consists of Weigel’s former clients, has decided to move to RBC along with Dimino.
RBC Wealth Management has nearly 2,000 advisers managing more than $260 billion in client assets.
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